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Here are today’s top business headlines from across the nation and world:
Americans with telescopes, cameras and protective glasses staked out viewing spots along a narrow corridor from Oregon to South Carolina to watch the moon blot out the midday sun Monday in what promised to be the most observed and photographed eclipse in history. Eclipse-watchers everywhere – and millions were expected to peer at the sun – fretted about the weather and hoped for clear skies for the first total solar eclipse to sweep coast-to-coast across the U.S. in practically a century. Read more
WASHINGTON (AP) — U.S., Canadian and Mexican negotiators are pledging to work quickly to update the North American Free Trade Agreement, a 23-year-old pact that President Donald Trump has called the worst trade deal in history. The first round of NAFTA renegotiations talks were wrapped up Sunday. The three countries said they planned to meet again in Mexico Sept. 1-5, in Canada late next month and back in the United States in October. They did not offer details on the five-day talks. Read more
SAN DIEGO (AP) — Sempra Energy is buying Texas power transmitter Oncor for $9.45 billion in cash, wresting it away from Warren Buffett’s Berkshire Hathaway. Sempra said Monday that it will also pick up $9.35 billion of the company’s debt. To gain possession of Oncor, Sempra will acquire the reorganized Energy Future Holdings Corp. Energy Future entered bankruptcy in 2014, saddled with more than $40 billion in debt due to cratering energy prices. Read more
BEIJING (AP) — Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler’s Jeep unit, spokespeople for the company said Monday, in a possible ambitious new step onto the global stage for China’s fast-growing auto brands. Great Wall has yet to formally declare its interest in Jeep, but a possible acquisition would be in line with chairman Wang Jianjun’s goal, announced in February, of becoming the top specialty SUV producer by 2020. Read more
LONDON (AP) — French oil company Total agreed Monday to buy Danish conglomerate AP Moller-Maersk’s oil business for $7.45 billion, in a deal that will strengthen its position in the North Sea. Total said the deal will position it as the No. 2 operator in the North Sea, which is the seventh-largest oil-and-gas producing region in the world. It said it will uphold Maersk Oil’s development schedules and investments in a series of projects and that Denmark will become the regional hub for all its operations in Denmark, Norway and the Netherlands. Read more
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