|
Aug 14, 2018
* Shares hit all-time high
(Recasts adding market reaction, investor and management
quotes)
|
|
Aug 14, 2018
* Turkish woes linger; safe-haven dollar rises to 13-month
high
|
|
Aug 14, 2018
Brazilian homebuilder Gafisa
SA said on Tuesday in a securities filing that it
will seek a merger or even a sale of the company.
|
|
Aug 14, 2018
Voters had their say in
primary races in the upper Midwestern states of Wisconsin and
Minnesota on Tuesday, two key battlegrounds in November's
congressional elections that could determine control of
Congress.
|
|
Aug 14, 2018
London copper prices extended
losses into a fourth session on Wednesday after the union at the
mammoth Escondida copper mine in Chile said talks with operator
BHP would be extended by a day in the hopes of averting a
planned strike.
|
|
Aug 14, 2018
Gold prices slipped to their
lowest since January 2017 early on Wednesday, pressured as the
U.S. dollar clung to its highest in 13 months.
|
|
Aug 14, 2018
Investment firms are exploring
a buyout of Yum China Holdings Inc. in what could be
one of Asia's biggest M&A deals this year, sources close to the
situation told Reuters.
|
|
Aug 14, 2018
* MSCI Asia-Pacific index down 0.15 pct, Nikkei drops 0.15
pct
|
|
Aug 14, 2018
Brazilian meatpacker JBS SA
posted a wider-than-expected net loss in the second
quarter as a truckers strike in May and a sharp rise in
currency-related charges affected the results.
|
|
Aug 14, 2018
* MSCI Asia-Pacific index down 0.15 pct, Nikkei drops 0.15
pct
|
|
Aug 14, 2018
Brazil's state-controlled
power utility Centrais Eletricas Brasileiras SA on
Tuesday said its second-quarter net profit soared when compared
with the same period a year earlier, helped by increases in
power prices.
|
|
Aug 14, 2018
The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
|
|
Aug 14, 2018
The world's largest meatpacker
JBS SA posted a wider-than-expected net loss in the
second quarter as the company booked a steep rise in financial
charges related to the exchange rate, according to a securities
filing on Tuesday.
|
|
Aug 14, 2018
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
|
|
Aug 14, 2018
Brazilian state-controlled
power utility Centrais Eletricas Brasileiras SA on
Tuesday posted second-quarter net profit more than eight times
higher than in the same period a year earlier.
|
|
Aug 14, 2018
A federal judge on Tuesday said
Goldman Sachs Group Inc shareholders may again pursue
class-action claims that the bank concealed conflicts of
interest when creating risky subprime securities before the 2008
financial crisis.
|
|
Aug 14, 2018
Soros Fund Management LLC added
Facebook Inc, Apple Inc and Twitter Inc
, but trimmed stakes in Alphabet Inc and
Amazon.com Inc in the quarter through June, according
to a regulatory filing on Tuesday.
|
|
Aug 14, 2018
Australia's biggest company by revenues
Wesfarmers Ltd posted a 58.3 percent drop in full-year
profit, dragged down by a loss and associated expenses booked
upon divesting its UK hardware business.
|
|
Aug 14, 2018
Ford Motor Co disclosed
Tuesday it will spend $740 million on a project to revamp
Michigan Central Station, Detroit's historic but dilapidated
former rail station, as well as other neighborhood sites.
|
|
Aug 14, 2018
Lockheed Martin Corp
has been awarded a U.S. Air Force contract worth up to $2.9
billion for three missile warning satellites, the Air Force said
on Tuesday.
|
|
Aug 14, 2018
William Ackman's Pershing Square
Capital Management trimmed its stake in Automatic Data
Processing by selling 3.7 million common shares in the
second quarter, a regulatory filing on Tuesday showed.
|
|
Aug 14, 2018
GOMA, Democratic Republic of Congo/GENEVA, Aug 14 (Reuters)
- D emocratic Republic of Congo has started using the
experimental mAb114 Ebola treatment to counter the latest
flare-up of the virus, health officials said on Tuesday, the
first time it has been deployed against an active outbreak.
|
|
Aug 14, 2018
* Shares lower in late trading
(Rewrites, updates Tesla share price)
|
|
Aug 14, 2018
Latin American equities
mounted a second day of a comeback on Tuesday as the region
shook off the impact of panic selling in Turkey's lira, while
the currencies of Mexico, Brazil and Argentina rebounded from
the global battering.
After a three-week drubbing, the lira pulled out
of a nosedive after the country's finance minister sought to
reassure investors.
The Argentine peso climbed after that country's
c
|
|
Aug 14, 2018
U.S. oil and gas producer Diamondback
Energy Inc on Tuesday agreed to buy shale rival Energen
Corp in an all-stock deal valued at $9.2 billion, giving
it an expanded footprint in the country's largest and fastest
growing oil field.
|
|
Aug 14, 2018
Two major Tesla Inc
shareholders cut their stakes in the electric automaker during
the second quarter, before Chief Executive Elon Musk announced
he would try to take the company private earlier this month.
|
|
Aug 14, 2018
Tribune Media Co
said Tuesday it will pay bonuses to executives who worked for
more than 15 months on its failed merger with Sinclair Broadcast
Group Inc.
|
|
Aug 14, 2018
* U.S. demanding release of Christian pastor in Turkey
(Adds U.S. State Department comment on economy)
|
|
Aug 14, 2018
Warren Buffett's Berkshire Hathaway Inc
boosted its investments in Goldman Sachs Group Inc
and Israel's Teva Pharmaceutical Industries Ltd
during the second quarter and confirmed it has expanded its
already huge bet on iPhone maker Apple Inc.
|
|
Aug 14, 2018
Brazilian asset management
firm Pátria Investimentos is considering a bid for power
generation company Companhia Energética de São Paulo,
known as Cesp, one source with knowledge of the matter said.
|
|
Aug 14, 2018
Kroger Co has partnered with
Alibaba Group Holding Ltd to sell nuts, supplements and
other products in China, venturing outside the United States for
the first time in what is fast becoming a fierce global battle
to dominate online grocery sales.
|
|
Aug 14, 2018
Hedge fund Starboard Value said
on Tuesday that it sold half of its stake in consumer products
company Newell Brands, whose chief executive officer it
sought to replace, about four months after ending its proxy
contest.
|
|
Aug 14, 2018
Lockheed Martin Corp
has been awarded a $2.9 billion U.S. defense contract for three
Next Generation Overhead Persistent Infrared Geosynchronous
Earth Orbit Space Vehicles, the Pentagon said on Tuesday.
(Reporting by Eric Beech; Editing by David Alexander)
|
|
Aug 14, 2018
U.S. oil and gas company Diamondback
Energy Inc said on Tuesday it would buy Energen Corp
in an all-stock deal valued at $9.2 billion to expand in
the Permian Basin.
|
|
Aug 14, 2018
As the Trump administration
moves to freeze vehicle fuel efficiency standards, some
regulatory officials have disputed the Transportation Department
rationale that the plan would significantly cut traffic deaths,
internal documents made public on Tuesday showed.
|
|
Aug 14, 2018
Viavi Solutions Inc forecast
first-quarter results above Wall Street estimates on Tuesday as
it looks to benefit from higher sales of its 3D sensing products
and 5G wireless deployment.
|
|
Aug 14, 2018
Kroger Co has partnered with
Alibaba Group Holding Ltd to sell its private label
products in China, venturing outside the United States for the
first time in what is fast becoming a fierce global battle to
dominate online grocery sales.
|
|
Aug 14, 2018
* Indexes up: Dow 0.45 pct, S&P 0.64 pct, Nasdaq 0.65 pct
(New throughout, updates prices and market activity to close)
|
|
Aug 14, 2018
Warren Buffett's Berkshire Hathaway Inc
on Tuesday said it has increased its investment in
Goldman Sachs Group Inc, and confirmed it has added to
its stake in iPhone maker Apple Inc.
|
|
Aug 14, 2018
Canada said on Tuesday it will
consider a safeguard action on seven steel products to protect
domestic producers from imports since the United States imposed
tariffs against its major trade partner in March.
|
|
Aug 14, 2018
U.S. oil and gas company Diamondback
Energy Inc said on Tuesday it would buy Energen Corp
in an all-stock deal valued at $9.2 billion, including
debt.
|
|
Aug 14, 2018
* Government presses for EU exemption for infrastructure
spending
|
|
Aug 14, 2018
Prominent hedge fund managers appeared to
make big second-quarter bets that the U.S. economy would
continue to expand despite increasing concerns about a
broadening trade dispute between the United States and China,
regulatory filings showed Tuesday.
|
|
Aug 14, 2018
* US demanding release of Christian pastor in Turkey
(Updates numbers, adds White House comment)
|
|
Aug 14, 2018
Viavi Solutions Inc, which is
said to supply optical filters for Apple iPhone's Face ID
feature, on Tuesday reported a 33.3 percent rise in quarterly
revenue, driven by demand for its 3D sensing products.
|
|
Aug 14, 2018
* Shares lower in late trading
(Adds closing share price, reporting credits)
|
|
Aug 14, 2018
Two major Tesla Inc
shareholders cut their stakes in the electric automaker during
the second quarter, before Chief Executive Elon Musk announced
he would try to take the company private this month.
|
|
Aug 14, 2018
Wall Street's three major indexes rose on
Tuesday with the S&P 500 posting its strongest gain in three
weeks as a string of healthy earnings boosted investor optimism
and a rebound in the Turkish lira eased contagion fears.
|
|
Aug 14, 2018
Royal Bank of Scotland
will pay $4.9 billion to settle U.S. claims that it
misled investors on residential mortgage-backed securities
between 2005 and 2008, the U.S. Justice Department said on
Tuesday.
|
|
Aug 14, 2018
States such as Wisconsin
helped drive Donald Trump's surprising presidential win two
years ago, and Tuesday's primaries there and in neighboring
Minnesota could serve as a barometer of opposition strength
headed into the November midterm elections.
|
|
Aug 14, 2018
Puerto Rico's electric utility said it
completed restoration of power to all of its customers on
Tuesday, more than ten months after Hurricane Maria left 1.5
million homes and businesses in the dark.
|
|
Aug 14, 2018
World share markets rebounded
on Tuesday as Turkey's lira pulled out of a recent nosedive and
reassuring data from Germany helped offset the latest wobbles in
China's giant economy.
|
|
Aug 14, 2018
Financial technology
companies that lend online are sounding a cautious note on a
U.S. banking regulator's plan to offer them special federal
charters because of concerns over legal challenges and
requirements that are more onerous than expected.
|
|
Aug 14, 2018
Nasdaq Inc and a Wall
Street watchdog will raise fees for private stock trading
platforms, such as "dark pools," that report trade executions to
a Nasdaq-run entity, in response to higher operational costs and
off-exchange trading volumes, according to a recent regulatory
filing.
|
|
Aug 14, 2018
Sprint Corp said Tuesday it has
partnered with phone manufacturer LG Electronics Inc
to launch a 5G smartphone in the first half of next year,
marking the first 5G device deal for the No. 4 U.S. wireless
carrier.
|
|
Aug 14, 2018
* Shares lower in late trading
(Adds source saying Goldman still negotiating terms of
engagement with Musk, Goldman declining comment, updates shares)
|
|
Aug 14, 2018
The International Air Transport
Association (IATA) is pursuing its complaint against Honeywell
to EU antitrust regulators, it said on Tuesday, even as
the air transport group struck a deal over a similar grievance
with engine maker CFM.
|
|
Aug 14, 2018
* Safe-haven buying due to concerns over Turkey lends
support
|
|
Aug 14, 2018
Firefighters searched into
the night on Tuesday for survivors and bodies amid the rubble of
a motorway bridge that collapsed in the morning in the northern
Italian port city of Genoa, killing at least 22.
|
|
Aug 14, 2018
U.S. chipmaker Intel Corp on
Tuesday disclosed three more possible flaws in some of its
microprocessors that can be exploited to gain access to certain
data from computer memory.
|
|
Aug 14, 2018
Royal Bank of Scotland
will pay $4.9 billion to settle U.S. claims that it
misled investors on residential mortgage-backed securities
between 2005 and 2008, the U.S. Justice Department said on
Tuesday, adding this was the largest penalty imposed on a bank
for misconduct during the financial crisis.
|
|
Aug 14, 2018
* Indexes up: Dow 0.51 pct, S&P 0.67 pct, Nasdaq 0.59 pct
(Updates to late afternoon, changes dateline to NEW YORK,
changes byline)
|
|
Aug 14, 2018
Financial technology
companies that lend online are sounding a cautious note on a
U.S. banking regulator's plan to offer them special federal
charters because of concerns over legal challenges and
requirements that are more onerous than expected.
|
|
Aug 14, 2018
Kroger Co has partnered with
Alibaba Group Holding Ltd to sell its private label
products on the e-commerce giant's Tmall platform in China,
making its first venture outside the United States.
|
|
Aug 14, 2018
Prominent hedge fund managers
appeared to make big second-quarter bets that the U.S. economy
would continue to expand despite increasing concerns about a
broadening trade dispute between the U.S. and China, regulatory
filings showed Tuesday.
|
|
Aug 14, 2018
A group of founders, executives
and early employees of Tinder on Tuesday sued
IAC/InterActiveCorp, claiming the parent company
deliberately undervalued the dating app to avoid paying them
billions of dollars and deprived some employees of stock
options.
|
|
Aug 14, 2018
Canada said on Tuesday it will
consider a safeguard action on seven steel products to protect
domestic producers from imports since the United States imposed
tariffs against its major trade partner in March.
|
|
Aug 14, 2018
* Shares lower in midday trading
(Adds Bloomberg report that Goldman Sachs had not been formally
tapped as a financial adviser when Musk revealed go-private
plan, updates shares)
|
|
Aug 14, 2018
* Turkey is target of economic war, says president
(Updates numbers)
|
|
Aug 14, 2018
Alibaba Group Holding Ltd has
partnered with Kroger Co to sell the grocer's private
label products on its Tmall platform in China, an Alibaba
spokesperson told Reuters on Tuesday.
|
|
Aug 14, 2018
Air France-KLM's board
is likely to appoint Air Canada's chief operating
officer Benjamin Smith as its new boss on Thursday, according to
French newspaper Liberation.
|
|
Aug 14, 2018
Alphabet Inc plans to invest
$375 million in Oscar Health, helping it expand to more markets
and business segments, including Medicare Advantage in 2020, the
health insurance start-up said on Tuesday.
|
|
Aug 14, 2018
Firefighters searched on
Tuesday for survivors and bodies amid the rubble of a motorway
bridge that collapsed in the morning in the northern Italian
port city of Genoa, killing dozens.
|
|
Aug 14, 2018
Alphabet Inc plans to invest
$375 million in Oscar Health, helping it expand to more markets
and business segments, including Medicare Advantage in 2020, the
health insurance start-up said on Tuesday.
|
|
Aug 14, 2018
Billionaire investor David
Einhorn, whose Greenlight Capital is posting some of the hedge
fund industry's worst returns, cut back several long-term
holdings, including Apple Inc, Voya Financial Inc
and Consol Energy Inc, a filing made on
Tuesday shows.
|
|
Aug 14, 2018
Autostrade per l'Italia, the toll
road operator which manages the bridge that collapsed in the
Italian city of Genoa on Tuesday killing at least 20 people,
said it would work with authorities to establish the causes of
the disaster.
Autostrade, which is part of Italy's Atlantia group,
said its Genoa division staff had met with local authorities and
was assessing how to rebuild the 'Polcevera' viaduct "in the
quickest, most efficient and safest way."
|
|
Aug 14, 2018
Elevated levels of the grain
fungus ergot are showing up in spring wheat being harvested in
south-central North Dakota, prompting grain elevators to impose
discounts and even turn some truckloads away, grain merchants
said on Tuesday.
Ergot is a common grain fungus but some major buyers,
including top global wheat importer Egypt, have rejected cargoes
with even trace amounts in the past.
Though confirmed in only one area so far, acco
|
|
Aug 14, 2018
GOMA, Democratic Republic of Congo/GENEVA, Aug 14 (Reuters)
- D emocratic Republic of Congo has started using the
experimental mAb114 Ebola treatment to counter the latest
flare-up of the virus, health officials said on Tuesday, the
first time it has been deployed against an active outbreak.
|
|
Aug 14, 2018
* Indexes up: Dow 0.45 pct, S&P 0.65 pct, Nasdaq 0.68 pct
(Changes comment, adds details, updates prices)
|
|
Aug 14, 2018
A group of founders, executives
and early employees of popular dating app Tinder on Tuesday sued
IAC/InterActiveCorp, claiming the parent company
deliberately undervalued Tinder to avoid paying them billions of
dollars.
|
|
Aug 14, 2018
* Shares flat in midday trading
(Adds Breakingviews link, updates shares)
|
|
Aug 14, 2018
Uber Technologies Inc named
Matt Olsen as its chief security officer, the ride hailing
company's Chief Executive Officer Dara Khosrowshahi said in a
tweet on Tuesday.
|
|
Aug 14, 2018
Nebraska carried out its first execution
in 21 years on Tuesday by administering a lethal injection to
its longest-serving death row inmate, a man who was convicted of
killing two taxi drivers in 1979.
|
|
Aug 14, 2018
States such as Wisconsin
helped drive Donald Trump's surprising presidential win two
years ago, and Tuesday's primaries there and in neighboring
Minnesota serve as a barometer of opposition strength headed
into the November midterm elections.
|
|
Aug 14, 2018
Canada said on Tuesday it will
consider a safeguard action on seven steel products to protect
domestic producers from imports since the United States imposed
tariffs against its major trade partner in March.
|
|
Aug 14, 2018
At least 20 people died and 16
were injured in the collapse of a motorway bridge in the Italian
city of Genoa, a senior official at the country's civil
protection agency said on Tuesday.
|
|
Aug 14, 2018
Southwest Airlines Co would limit
emotional support animals to only dogs and cats on its flights
and will allow one per passenger, the U.S. airline said on
Tuesday as it updated its service animal policies.
|
|
Aug 14, 2018
Coca-Cola Co is buying a minority
stake in a sports drink brand backed by basketball star Kobe
Bryant, it said on Tuesday, seeking to mount a stronger
challenge to PepsiCo's Gatorade.
|
|
Aug 14, 2018
Canada said on Tuesday it will
open a consultation period to consider a safeguard action on
seven steel products to protect steel producers from imports
flowing to Canada since the United States imposed tariffs in
March.
|
|
Aug 14, 2018
Tesla Inc's board named a
special committee of three directors on Tuesday to negotiate
with Elon Musk on taking the electric carmaker private, although
it said it was yet to see a firm offer from the company's chief
executive.
|
|
Aug 14, 2018
The International Air Transport
Association (IATA) is pursuing its complaint against Honeywell
to EU antitrust regulators, it said on Tuesday, even as
the air transport group struck a deal over a similar grievance
with engine maker CFM.
|
|
Aug 14, 2018
The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
|
|
Aug 14, 2018
* Indexes up: Dow 0.42 pct, S&P 0.59 pct, Nasdaq 0.61 pct
(Changes comment, adds details, updates prices)
|
|
Aug 14, 2018
At least 35 people were
killed when a motorway bridge collapsed in torrential rains on
Tuesday morning over buildings in the northern Italian port city
of Genoa, Italy's ANSA news agency cited fire brigade sources as
saying.
|
|
Aug 14, 2018
The collapse of a motorway bridge
in Genoa was impossible to predict and it is too soon to
determine the cause, a director for motorway operator Autostrade
(ASPI) said on Tuesday.
|
|
Aug 14, 2018
Apparel maker Perry Ellis International
said on Tuesday it had ended talks to be bought by
fashion accessories maker Randa, backing an offer by its
second-largest shareholder and founder George Feldenkreis.
|
|
Aug 14, 2018
Home Depot Inc's profit and
revenue topped estimates on Tuesday despite signs of a slowdown
in the housing market, boosted by a rebound in demand for
seasonal products and as shoppers spent more to remodel their
homes.
|
|
Aug 14, 2018
World share markets rebounded
on Tuesday as Turkey's lira pulled out of a recent nosedive and
reassuring data from Germany helped offset the latest wobbles in
China's giant economy.
|
|
Aug 14, 2018
Real estate investment company
Kennedy-Wilson Holdings Inc named board member Mary Ricks
president of the company.
|
|
Aug 14, 2018
The union for Chile's Escondida mine, the
world's largest copper mine, said on Tuesday it was closer to a
contract agreement and would extend talks another day with the
company in hopes of averting a planned strike, though health
benefits and some other sticking points must be ironed out
before a deal can be reached.
|
|
Private Label