Business & Finance News
MILAN (Reuters) – Italian premium coffee maker illycaffe will launch hand-pulled cold coffee this summer, in a sign it is feeling the pressure as coffee chain Starbucks prepares to debut in its home turf.
WASHINGTON (Reuters) – A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co’s sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a “systemic” problem.
NEW YORK (Reuters) – A top antitrust official at the U.S. Justice Department attempted to reassure investors on Thursday that worries that regulators would crack down on proposed combinations of two companies on a supply chain — known as vertical mergers — were overblown.
NEW YORK (Reuters) – The S&P and Nasdaq fell on Thursday with the technology sector snapping its recent rally while investors kept an eye on trade tensions and waited for U.S. and European central bank meetings.
DUBLIN (Reuters) – Yahoo’s European regulator has ordered it to make privacy changes following a probe into what it said was one of the largest ever data breaches to impact EU citizens.
WASHINGTON (Reuters) – A U.S. senator on Thursday is seeking responses from Google parent Alphabet Inc and Twitter Inc on whether the U.S. companies have any data sharing agreements with Chinese vendors, following a disclosure from Facebook Inc this week.
NEW YORK (Reuters) – Walt Disney Co’s $52.4 billion deal to acquire most of Twenty-First Century Fox Inc’s assets was “surgically” structured on good advice to be submitted to regulators, Makan Delrahim, assistant attorney general for the U.S. Department of Justice’s antitrust division, said on Thursday.
LONDON (Reuters) – Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of Brexit, two sources familiar with the matter said.
NEW YORK (Reuters) – For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc .
WILMINGTON, Del (Reuters) – Walmart Inc has asked a court to block a former top tax executive from joining Amazon.com Inc , saying the move would violate a non-compete agreement and “irreparably harm” Walmart’s business by potentially tipping off its rival to strategic plans including potential merger targets.
WASHINGTON (Reuters) – The U.S. International Trade Commission said on Thursday it would investigate Toyota Motor Corp , Panasonic Corp and other companies for alleged patent infringement in certain infotainment systems, components and automobiles containing such systems.
NEW YORK (Reuters) – The U.S. Department of Justice is examining how the proposed merger between T-Mobile US Inc and Sprint Corp could affect prices for smaller wireless operators, according to two people familiar with the matter.
(Reuters) – Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance.
(Reuters) – General Motors Co will supply advanced batteries to Japan’s Honda Motor Co, the companies said Thursday, a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020.
(Reuters) – A rally in technology stocks came to a halt on Thursday, setting up the Nasdaq for its first loss in five days, while a jump in McDonald’s shares boosted the Dow.
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