BOSTON (Reuters) - Billionaire investor William Ackman on Thursday told Valeant Pharmaceuticals International Inc’s (VRX.TO)(VRX.
NEW YORK (Reuters) - Oil settled down as much as 2 percent on Thurday as an oversupply of crude and weak gasoline prices extended the previous session’s rout.N] On the oil products side, gasoline futures RBc1 lost 2 percent, extending Wednesday’s 4 percent tumble, amid worries of peak turnout from U.
treasury yields rose and gold prices fell as investors bet U.jobs on Friday could help prompt an interest rate hike as soon as next month.
Supreme Court to uphold affirmative action in university admissions in a closely watched case to be argued next month.The Obama administration, private and public universities and civil rights groups are among those backing affirmative action.
(Reuters) - Privately held outdoors retailer Bass Pro Shops is exploring an offer for Cabela’s Inc (CAB.hunting and fishing store chain targeted by activist investor Elliott Management, people familiar with the matter said.
(Reuters) - Goldman Sachs Group Inc (GS.N) unveiled a series of changes designed to retain junior bankers, including promoting them more quickly and encouraging mobility within the firm.
WASHINGTON (Reuters) - AB Electrolux is not in settlement talks with the U.Justice Department on its bid for General Electric’s appliance business, a lawyer for Electrolux said on Thursday as the two sides prepared for a trial starting next week.
auto industry is on track for a record year of annual sales, General Motors Co (GM.GM said U.
N) home territory, plans to increase spending on marketing again after high-profile sponsorship deals and celebrity partnerships helped rekindle U.The firm had said it would spend 13-14 percent of sales on marketing this year, compared with 10-11 percent for most rivals.
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.In her first public comments since the Fed’s meeting last week Yellen laid out what now appears the base case at the U.
4 percent controlling stake in Nissan, which holds a non-voting 15 percent of its French parent.Spokespersons for Renault-Nissan and the French government declined to comment on the companies’ plans or the discussions between Ghosn and Macron.
(Reuters) - Lumber Liquidators Holdings Inc (LL.O, replaces acting CEO Thomas Sullivan, the founder of Lumber Liquidators.
The fine adds to a growing list of potential bills Takata could face.Around 40 million cars have been unofficially recalled worldwide since 2008 over Takata air bag inflators.
37 billion to build a ninth batch of 55 F-35 jets for the U.The Pentagon’s F-35 program office said it expected to finalize the terms of the deal, known as an “undefinitized contract action” or UCA, with Lockheed, its No.
(Reuters) - JPMorgan Chase & Co will pay $50 million to settle charges that it engaged in abusive credit card debt collection practices against tens of thousands of people in California, state Attorney General Kamala Harris said on Monday.The California settlement includes a $5 million fine plus $45 million to be used at Harris’ discretion, court papers show.
chipmaker Avago Technologies (AVGO.However, such concessions will likely not be necessary, the people said.
NEW YORK (Reuters) - Bill Gross just got a huge vote of “no confidence” from billionaire investor George Soros.The portfolio followed the strategy that Gross was employing in his Janus Global Unconstrained Bond fund (JUCAX.
INVENTORIES BEING LIQUIDATED The factory orders report also showed a 0.4 percent drop in manufacturing inventories, which was bigger than the government had assumed for its advance third-quarter gross domestic product estimate published last week.
The agreement is expected to lift BlackRock’s global cash-management business to $372 billion from about $285 billion, according to the New York-based company.Merrill was later acquired by Bank of America and remains a major distributor of BlackRock products to individual investors and institutions.
PARIS (Reuters) - Stanislas de Quercize, chief executive of jeweller and watch-maker Cartier, has been off for several weeks due to health problems, sources close to the matter said.Bernard Fornas, co-chief executive of parent group Richemont CFR.