Commutee

Billionaire investor Icahn backs off demand for AIG breakup: source

June 29, 2017 by  
Filed under News

(Reuters) – Billionaire investor Carl Icahn is backing off his demand to break up insurance giant American International Group Inc , following the company’s sale of assets and hiring of a new chief executive officer, a person familiar with the matter said.


Source: Reuters Business News

Walgreens scraps Rite Aid merger, will instead buy half its stores

June 29, 2017 by  
Filed under News

(Reuters) – Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival’s U.S. stores for $5.18 billion.


Source: Reuters Business News

Banks, tech stocks lead broad Wall St. rebound

June 28, 2017 by  
Filed under News

(Reuters) – The S&P 500 on Wednesday was on pace for its biggest one-day percentage gain in about two months as financial and tech stocks led a broad market rebound.


Source: Reuters Business News

Canada's top court rules Google must block some results worldwide

June 28, 2017 by  
Filed under News

OTTAWA (Reuters) – Canadian courts can force internet search leader Google to remove results worldwide, the country’s top court ruled on Wednesday, drawing criticism from civil liberties groups arguing such a move sets a precedent for censorship on the internet.


Source: Reuters Business News

Nestle plan hailed as only the start of Schneider's shake-up

June 28, 2017 by  
Filed under News

ZURICH/LONDON (Reuters) – Nestle’s plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company’s new leadership.


Source: Reuters Business News

FedEx says operations at TNT Express disrupted after virus attack

June 28, 2017 by  
Filed under News

(Reuters) – Package delivery company FedEx Corp said on Wednesday operations in its TNT Express unit were disrupted after its information systems were hit by a virus attack.


Source: Reuters Business News

Meat processor cuts deal with ABC in 'pink slime' defamation case

June 28, 2017 by  
Filed under News

(Reuters) – Beef Products Inc has settled a closely watched defamation lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday.


Source: Reuters Business News

Google faces years of EU oversight on top of record antitrust fine

June 27, 2017 by  
Filed under News

BRUSSELS/FRANKFURT (Reuters) – Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday’s precedent-setting decision defining the company as a monopoly.


Source: Reuters Business News

Wall St. dragged lower by tech stocks; Yellen in focus

June 27, 2017 by  
Filed under News

(Reuters) – Wall Street was lower in early afternoon trading on Tuesday as technology stocks continued to slide while investors focused on Federal Reserve Chair Janet Yellen’s talk in London.


Source: Reuters Business News

Delaware top court rules for Chicago Bridge in Westinghouse dispute

June 27, 2017 by  
Filed under News

WILMINGTON, Del (Reuters) – The Delaware Supreme Court ruled in favor of Chicago Bridge & Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.


Source: Reuters Business News

« Previous PageNext Page »