Britain’s RBS seeks investor backing for share buyback plan
Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a return to private ownership.
Lampert wins Sears bankruptcy auction with $5.2 billion bid
Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, but creditors quickly moved to oppose the deal.
Trade war shifts feed for U.S. hogs away from ethanol byproduct
A steep downturn in U.S. ethanol output linked to the trade war with China is raising costs for American farmers who feed a byproduct of the corn-based biofuel to hogs, cattle and chickens.
Sears chairman Lampert wins bankruptcy auction for retailer with $5.2 billion bid
Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126-year-old retailer to keep its doors open.
Leslie Moonves challenges $120 million severance denial by CBS
Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company’s decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday.
Volatile market hits Morgan Stanley’s trading, wealth management
Morgan Stanley’s quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent.
Stocks little changed amid China, trade worries; pound stabilizes
Concern over China’s economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain’s exit from the European Union helped to stabilize sterling.
U.S. labor market strong; mid-Atlantic factory activity improves
The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
RBS seeks investor backing for share buyback plan
State-backed British bank Royal Bank of Scotland is to consult with shareholders on plans for a buyback of its shares owned by the Government, using excess capital to accelerate its return to private ownership.
Explainer: Why Siemens-Alstom rail merger is creating European tensions
Germany’s Siemens and France’s Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU’s competition authority has doubts about the deal and could turn it down, despite the companies offering to t…
