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Uber CEO says company's future in Brazil in the balance

October 31, 2017 by  
Filed under News

BRASILIA (Reuters) – The chief executive of Uber Technologies Inc, Dara Khosrowshahi, said on Tuesday that his company’s future in Brazil depends on government decisions, as the Brazilian Senate prepared to vote on regulating car hailing apps.


Source: Reuters Business News

Wall St. set to end month on up note as tech, staples lead

October 31, 2017 by  
Filed under News

(Reuters) – A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports, along with further gains for tech stocks on Tuesday, put the three major Wall Street indexes on track for their best monthly gains since February.


Source: Reuters Business News

Apple could drop Qualcomm components in next year's iPhones, iPads: sources

October 31, 2017 by  
Filed under News

(Reuters) – Apple Inc has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc , according to two people familiar with the matter.


Source: Reuters Business News

Pfizer expects broad interest for consumer health business

October 31, 2017 by  
Filed under News

NEW YORK (Reuters) – Pfizer Inc, the largest U.S. drugmaker, expects no shortage of suitors for its consumer health business and said it would decide whether to sell, spin off or retain the unit next year.


Source: Reuters Business News

ADP, ISS reject Ackman's claims they exchanged non-public data

October 31, 2017 by  
Filed under News

(Reuters) – Automatic Data Processing Inc rejected as “false and misleading” on Tuesday the accusation by billionaire investor William Ackman that the company gave proxy adviser Institutional Shareholder Services non-publicly disclosed information.


Source: Reuters Business News

U.S. consumer spending grows at fastest pace since 2009, savings drop

October 30, 2017 by  
Filed under News

WASHINGTON (Reuters) – U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.


Source: Reuters Business News

Wall St. slips amid Merck losses, tax talk

October 30, 2017 by  
Filed under News

(Reuters) – Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares, as investors assessed President Donald Trump’s plan for corporate tax cuts.


Source: Reuters Business News

Ackman says ADP provided 'misleading' data to ISS: filing

October 30, 2017 by  
Filed under News

BOSTON (Reuters) – Billionaire investor William Ackman on Monday accused Automatic Data Processing of having provided misleading and incorrect data to Institutional Shareholder Services and asked the proxy advising firm to reconsider its recommendations.


Source: Reuters Business News

Citi analysts flag 'real risk' of Macy's dividend cut, shares tumble

October 30, 2017 by  
Filed under News

CHICAGO (Reuters) – Shares in Macy’s Inc tumbled more than 5 percent on Monday to a seven-year low after Citi analysts said the department store operator may cut its dividend to help pay down debt as it grapples with weak margins and foot traffic.


Source: Reuters Business News

U.S. regulator wants to loosen leash on Wells Fargo: sources

October 30, 2017 by  
Filed under News

WASHINGTON (Reuters) – A leading U.S. regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place since a phony accounts scandal hit the bank last year, according to people familiar with the matter.


Source: Reuters Business News

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