Business & Finance News
LONDON (Reuters) – Britain’s takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company’s move to hike its bid for Twenty-First Century Fox assets to $71.3 billion.
(Reuters) – U.S. stocks swung between gains and losses on Thursday, as Amazon’s foray into drug retailing whipped the healthcare sector, while a rise in financial stocks for the first time in 14 days cushioned the markets.
MOSCOW (Reuters) – Shareholders at sanctions-hit Russian aluminum producer Rusal elected a new board of directors on Thursday in an effort to appease the U.S. and get the restrictions lifted.
(Reuters) – Starbucks Corp said on Thursday that Chief Financial Officer Scott Maw will retire at the end of November, stunning investors and sending shares of the world’s largest coffee shop chain down more than 4 percent.
(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers.
(Reuters) – Walgreens Boots Alliance Inc’s chief executive officer said on Thursday he was not worried about Amazon.Com Inc’s push into the U.S. healthcare sector, but investors were rattled by the threat the online giant could pose to the sector.
WASHINGTON (Reuters) – The U.S. securities regulator on Thursday unveiled a proposal to ease its rules for approving low-risk exchange-traded-funds (ETFs), in what could potentially be a major win for the $3.5 trillion market.
(Reuters) – Amazon’s foray into the pharmacy space sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.
(Reuters) – Starbucks Corp said on Thursday Chief Financial Officer Scott Maw will retire at the end of November, a move that stunned investors and sent shares of the world’s largest coffee shop chain down 3.8 percent in morning trade.
WASHINGTON (Reuters) – The U.S. economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts.
(Reuters) – Visa Inc and Mastercard Inc are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
DUBAI/LONDON (Reuters) – Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is anything to go by.
(Reuters) – The flood of requests from U.S. manufacturers with the Commerce Department to exempt them from the Trump administration’s hefty tariffs on steel and aluminum imports is exposing competitive information to rivals, customers and U.S. metal producers.
PARIS (Reuters) – U.S. President Donald Trump’s tax cuts are likely to give only a meager boost to productivity growth in the United States, former Federal Reserve chief Janet Yellen said on Thursday.
(Reuters) – Amazon’s move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.
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