(Reuters) – U.S. drugmaker Allergan Plc (AGN.N) on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week… Read More
Category: Banking
AIG to restructure into three new units, marking CEO's first big move
(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new business units and will no longer have separate commercial… Read More
FINRA orders Morgan Stanley to pay $13 million in fines, restitution
NEW YORK (Reuters) – The Financial Industry Regulatory Authority said on Monday it ordered Wall Street investment bank and securities brokerage Morgan Stanley (MS.N) to… Read More
Apologizing to London, Uber CEO offers change to keep license
LONDON (Reuters) – Uber’s [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon… Read More
Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve
TOKYO (Reuters) – Toshiba Corp (6502.T) told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because… Read More
Wall St. lower as technology stocks drag
(Reuters) – A selloff in technology stocks, led by Facebook and Apple, drove down major Wall Street indexes on Monday. Apple (AAPL.O) fell more than… Read More
Dudley sees Fed rate hikes; inflation weakness 'fading'
SYRACUSE, N.Y. (Reuters) – The Federal Reserve is on track to gradually raise interest rates given the recent inflation weakness is fading and the U.S.… Read More
U.K. Labour Pledges ‘Battle’ Over Workers’ Rights After Brexit
John McDonnell speaks during the Labour Party Annual Conference in Brighton on Sept. 25, 2017. U.K. Shadow Chancellor of the Exchequer John McDonnell said Conservative… Read More
How Germans Re-Elected Merkel While Boosting Her Opponents
All over Europe, the populist far right has made significant gains over the past two years. Such movements placed second in parliamentary elections in the… Read More
Here Are Merkel’s Complicated Coalition Options
A day after Angela Merkel’s party turned in its worst performance since 1949, the political reality began setting in that forming a new German government… Read More
DR Horton cuts cash flow forecast 50 percent on hurricanes
(Reuters) – D.R. Horton Inc (DHI.N), the No.1 U.S. homebuilder, drastically cut its 2017 forecast for cash flow from operations due to delays caused by… Read More
Merkel Pledges Stable Government After Map-Splintering Election
German Chancellor Angela Merkel signaled further euro-area integration is on hold as she embarks on difficult talks to form a new government, saying any proposals… Read More
Target raises minimum hourly wage to $11, pledges $15 by end of 2020
CHICAGO (Reuters) – Target Corp (TGT.N) said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to… Read More
Macron, Gentiloni Near Deal Giving Italy STX Control
French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni are close to an accord that would give Fincantieri SpA majority control of the French… Read More
German Anti-Merkel Populists Face Split as Leader Shuns Caucus
Alternative for Germany, the populist party that won its first seats in the nation’s parliament on Sunday, faced an immediate rift when one of its… Read More
ABB buys GE business for $2.6 billion in bet it can boost margins
ZURICH (Reuters) – Power grids maker ABB is buying General Electric’s Industrial Solutions business for $2.6 billion in a bet it can improve the division’s… Read More
NFL’s Top Sponsors Stay Quiet After Trump’s Call for Boycott
As NFL owners and players rushed to defend their right to protest in the wake of President Donald Trump’s criticism, one group of stakeholders has… Read More