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Google Market NewsDec 15, 2019
Hallmark Channel: TV channel pulls Zola.com ads showing same-sex couple after One Million Moms complaint - CBS News
Hallmark Channel: TV channel pulls Zola.com ads showing same-sex couple after One Million Moms complaint  CBS NewsHallmark pulls Zola commercial of brides kissing after conservative group calls for boycott  Fox NewsHallmark pulls wedding ads showing brides kissing after conservative group petition  The Washington PostTell Hallmark Shame on You!  Human Rights Campaign

Yahoo BusinessDec 15, 2019
China's BAIC Mulls Raising Daimler Stake to Almost 10%
(Bloomberg) -- BAIC Group is considering lifting its stake in Daimler AG to as much as 9.9%, according to people familiar with the matter, strengthening Chinese ownership of the Mercedes-Benz maker as Germany gets drawn deeper into global trade tensions.The move would put almost 20% of Stuttgart-based Daimler into the hands of two major Chinese owners. Zhejiang Geely Holding Group, owned by billionaire Li Shufu, bought a 9.7% holding last year.State-owned BAIC, which last reported a 5% holding in Daimler, has also raised the prospect of taking a seat on the supervisory board, said the people, who asked not to be identified as the matter is confidential. Geely has no board representation.Gaining a second anchor shareholder could benefit Daimler, which has seen profit margins pressured from hefty investments into electric mobility. Potentially, the move could ease the way for the German manufacturer to lift its 49% stake in its main Chinese joint venture with BAIC.But complications could also arise. Daimler has had concerns that such a large Chinese ownership stake would increase scrutiny on the company by the U.S. Committee on Foreign Investment, or CFIUS.Trade tensions involving the U.S. and China have already whipsawed German carmakers. On Sunday, China's ambassador in Berlin underscored the strains by bringing up car sales as he threatened to retaliate against Germany if it goes along with U.S. demands to exclude Huawei Technologies Co. as a supplier of 5G wireless equipment.Daimler Chief Executive Officer Ola Kallenius and BAIC chairman Xu Heyi are in direct contact over future co-operation, the people said."We welcome long-term oriented investors," Daimler management board member for Ch

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Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sources (Reuters Business)

Automotive News Breaking NewsDec 14, 2019
Renault offers CEO job to Seat's De Meo, paper says
Luca de Meo, head of VW Group's Seat brand, will initially become CEO of Renault for two years before taking over responsibility for the automaker's alliance with Nissan, Spanish newspaper La Vanguardia reported.


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