Campbell, Third Point urge shareholders to vote for two different boards
(Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the…
Tariffs threaten market-leading tech, consumer stocks
NEW YORK (Reuters) – U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another…
SEC orders Citigroup to pay $12 million to settle dark pool probe
(Reuters) – Citigroup Inc was ordered to pay more than $12 million by U.S. regulators on Friday after it was…
Wall Street propped up by gains for bank stocks
(Reuters) – U.S. stocks inched higher for a fifth day on Friday, as declines in real estate and utilities were…
Amazon’s Bezos says Trump should be ‘glad’ of media scrutiny
WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos said on Thursday the company would announce a decision on…
GM to recall more than one million vehicles in the U.S
(Reuters) – General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United…
U.S. firms in China feeling ‘clear and far reaching’ trade war pinch: survey
SHANGHAI (Reuters) – American companies in China are being hurt by tariffs in the growing trade war between Washington and…
Merck KGaA, Pfizer’s immuno-drug shown to alleviate kidney cancer
FRANKFURT (Reuters) – Merck KGaA said that its immunotherapy Bavencio, jointly developed with Pfizer, delayed the progression of kidney cancer…
Unilever single holding company shares to start trading in December
LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS) said simplifying its parent company structure from two UK and Dutch…
Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates
(Reuters) – Chevron Corp (CVX.N), Valero Energy Corp (VLO.N) and Delta Air Lines Inc (DAL.N) have urged U.S. regulators to…
Ebola fight has new science but faces old hurdles in restive Congo
BENI, Democratic Republic of Congo (Reuters) – When Esperance Nzavaki heard she was cured of Ebola after three weeks of…
SEC halts trading in two cryptocurrency products, citing market confusion
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two…
Two health scares at U.S. airports tied to Mecca pilgrims: U.S. officials
CHICAGO (Reuters) – Two major health scares at U.S. airports involving inbound flights are related to pilgrims returning from the…
Trump tells Apple to make products in U.S. to avoid China tariffs
(Reuters) – U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if…
Alibaba’s Jack Ma to unveil succession plan next week, remain chairman
BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to…
Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on…
Tesla executive exits, CEO smokes pot on webcast, shares reel
(Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana, drinking whiskey and wielding a sword just hours…
VW faces 9.2 billion euros investor suit over dieselgate scandal
FRANKFURT (Reuters) – Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing…
Elliott demands fresh revamp at Hyundai Motor Group
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh…
Akcea Therapeutics to cut about 10 percent of workforce
(Reuters) – Akcea Therapeutics Inc said on Thursday it planned to cut its workforce by about 10 percent after the…
Apple to provide online tool for police to request data: letter
(Reuters) – Apple Inc (AAPL.O) plans to create an online tool for police to formally request data about its users…
Novartis sells U.S. generics assets to India’s bargain-hunting Aurobindo
ZURICH/BENGALURU (Reuters) – New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is…
Department of Justice looks into social media firms over free speech
WASHINGTON (Reuters) – The Justice Department said on Wednesday it has convened a meeting with state attorneys general to discuss…
Steinhoff’s former CEO says not aware of accounting irregularities at company
CAPE TOWN (Reuters) – Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the…
Steinhoff’s former CEO rues joint venture with Austrian businessman Seifert
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his…
Unilever confronts the ‘chairdrobe’ as consumers rethink laundry
LONDON (Reuters) – On any given day, the chair in Raven Rose’s Ewing, New Jersey, bedroom might be draped with…
Toyota plans to recall 1 million hybrid models over wiring issue
TOKYO (Reuters) – Toyota Motor Corp (7203.T) said on Wednesday it planned to recall around 1.03 million vehicles, including its…
Facebook, Twitter face U.S. Congress over foreign bids to tilt politics
WASHINGTON (Reuters) – Top executives from Facebook Inc (FB.O) and Twitter Inc (TWTR.N) will defend their companies in the U.S.…
Goldman drops bitcoin trading plans for now: Business Insider
(Reuters) – Goldman Sachs Group Inc (GS.N) is ditching plans to open a desk for trading cryptocurrencies in the foreseeable…
Steinhoff’s former CEO says not aware of accounting irregularities
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste was not aware of any accounting irregularities when he…
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
FRANKFURT (Reuters) – Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto,…
JD.com’s CEO was arrested on allegation of rape: police
MINNEAPOLIS/SHANGHAI (Reuters) – The CEO of Chinese online retail giant JD.com Inc, Richard Liu, was arrested in Minneapolis last week…
U.S. arbitration court can rule on Vattenfall’s German nuclear claim: paper
BERLIN (Reuters) – A U.S. arbitration court has rejected a German government petition that said the panel had no right…
Deutsche Bank to exit Eurostoxx 50 in blow to lender: documents
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will be booted from the Eurostoxx 50 index of leading European stocks, documents seen…
In India, Google races to parry the rise of Facebook
SAN FRANCISCO/MUMBAI (Reuters) – Google retains only a slight lead over Facebook in the competition for digital ad dollars in…
NZ’s Restaurant Brands to exit Starbucks business in New Zealand
(Reuters) – Restaurant Brands New Zealand Ltd (RBD.NZ) said on Monday it would not renew its license deal with Starbucks…
JD.com’s billionaire CEO released after U.S. arrest
BEIJING (Reuters) – The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested…
Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser
DUBAI (Reuters) – Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical,…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by…
Exclusive: Brazil prosecutors hope to strike deal lifting glyphosate injunction
BRASILIA (Reuters) – Brazil federal prosecutors are negotiating with health authority Anvisa and the agriculture ministry to reach a deal…
Out of Sorrell’s shadow, Mark Read poised for top job at ad giant WPP
(Note strong language in final paragraph) FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency WPP leaves following their…
U.S. to move ahead with Mexico trade pact, keep talking to Canada
WASHINGTON/TORONTO (Reuters) – Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade…
Trump ready to ratchet up China trade war with more tariffs: report
WASHINGTON (Reuters) – U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has…
Abercrombie & Fitch misses same-store sales estimates
(Reuters) – Apparel retailer Abercrombie & Fitch Co (ANF.N) missed quarterly same-store sales estimates on Thursday, hurt by lower-than-expected sales…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O)…
India’s Mahindra says Fiat Chrysler files patent complaint in U.S.
(Reuters) – India’s Mahindra and Mahindra Ltd (MAHM.NS) said on Wednesday Fiat Chrysler Automobiles U.S. LLC filed a patent violation…
Canada rejoins NAFTA talks as U.S. autos tariff details emerge
WASHINGTON (Reuters) – Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she…
UK rejects Gilead’s CAR-T cancer cell therapy as too expensive
LONDON (Reuters) – A cutting-edge CAR-T cell therapy for otherwise untreatable forms of blood cancer is too expensive to justify…
U.S., Mexico reach NAFTA deal, turn up pressure on Canada
WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA),…
Chinese authorities say Didi bears ‘unshirkable responsibility’ for passenger’s death
BEIJING (Reuters) – China’s police and transport ministry said on Sunday the country’s largest ride-hailing firm Didi Chuxing had “unshirkable…
Bayer, J&J’s heart drug Xarelto fails trial to widen use
FRANKFURT (Reuters) – Bayer and Johnson & Johnson’s campaign to widen the market for its heart drug Xarelto hit a…
China’s Didi suspends Hitch ride-sharing service after female passenger killed
BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a…
Didi woman passenger killed amid China ride-hailing safety concerns
BEIJING (Reuters) – A ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver…
Much detail, little progress in U.S.-China talks, sources say
BEIJING/WASHINGTON (Reuters) – U.S-China trade talks this week were heavy on details but short on progress as U.S. negotiators outlined…
U.S. stock fund investors show no fear of King Dollar
NEW YORK (Reuters) – U.S. fund investors are in no rush to shore up defenses against the strong dollar. Traders…
U.S. calls foreign mail system unfair in surprise win for Amazon
(Reuters) – The U.S. State Department on Friday said it would push for foreign postal carriers to pay the U.S.…
Papa John’s taps investment banks amid pressure from founder: sources
NEW YORK (Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has hired Bank of America…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000…