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Toshiba's Board Move Will Give Foreigners a Greater Voice 
 

Toshiba said it was proposing to replace a majority of its board and add more international business leaders, acceding to demands made by foreign shareholders in the latest sign of activist shareholders' growing influence in Japan.

 
Brother, Tesla Can't Spare a Dime 
 

Elon Musk's electric-vehicle pioneer is running out of cash and out of time, even after a recent capital increase.

 
EssilorLuxottica's Warring Sides Sign Deal 
 

The two warring sides of EssilorLuxottica have broken a months-long deadlock on a governance dispute and struck a peace deal just a few days before the company's annual general meeting takes place.

 
A Rival to Starbucks in China Brews Up a Frothy IPO 
 

China's Luckin Coffee is preparing to join the Nasdaq, but the listing could leave investors with a bitter aftertaste.

 
Centrica Faces Trading Headwinds 
 

British Gas owner Centrica warned that its first half will be hit by a challenging trading environment and that the U.K. energy price cap, warmer than normal weather, and lower gas prices will add pressure to its full-year outlook.

 
Apple and the iPhone Near Trade Crosshairs Again 
 

Renewed trade tensions between the U.S. and China threaten to throw Apple back into the global trade battle, putting its iPhone business at risk just as it appeared to be shoring up declining sales.

 
E.ON Earnings Fall on UK Price Cap 
 

E.ON said its first quarter profit dropped to EUR393 million, mainly due to the introduction of an energy price cap in the U.K.

 
Citigroup Bets Big on Digital Banking 
 

Executives at Citigroup are convinced that many U.S. consumers are finally ready to leave the branch behind and fully embrace digital banking.

 
Xometry Raises $50 Million for On-Demand Parts Marketplace 
 

The company will use the new funding to improve its technology and build out a marketplace that connects businesses that need prototypes and smaller runs of parts with more than 3,000 domestic manufacturers and machine shops.

 
Bristow Group Files for Chapter 11 Bankruptcy 
 

Helicopter transportation services company Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.

(END) Dow Jones Newswires

May 13, 2019 07:15 ET (11:15 GMT)

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