New York Times business news - Aug 27
Aug 27 (Reuters) -The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Edgar Bronfman Jr. abandoned his pursuit of Paramount PARA.O on Monday, dropping his 11th-hour bid roughly a day before the deadline to submit a final offer for the CBS and MTV owner.
- Canada, following the lead of the United States and European Union, said on Monday it will impose a 100% tariff on imports of Chinese electric vehicles and a 25% tariff on Chinese steel and aluminum.
- A trial that could determine whether the two largest supermarket chains in the United States can merge opened on Monday, pitting grocery giant Kroger KR.N against regulators who argue that its takeover of Albertsons ACI.N would eliminate competition at the expense of consumers and workers.
- Ride-hailing platform Uber UBER.N has been fined 290 million euros($323.90 million) in the Netherlands for sending personal data of European taxi drivers to the U.s. in violation of EU rules, Dutch data protection watchdog DPA said on Monday.
($1 = 0.8953 euros)
(Compiled by Bengaluru newsroom)
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