Activist investor Icahn sues Dell over IPO plans
Activist investor Carl Icahn sued Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock .
U.S. weekly jobless claims fall; productivity slows in third quarter
New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.
U.S. online spending set to rise 14.8 percent in 2018 holiday season
U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent growth predicted for brick-and-mortar locations and highlighting the ongoing switch from stores to web sho…
Cigna says Express Scripts deal to close by end of year
Cigna Corp said on Thursday its $52-billion acquisition of pharmacy benefits manager Express Scripts Holding Co was on track to close by the end of the year.
Ex-JPMorgan CFO’s activist fund takes stake in Deutsche Bank
An activist hedge fund led by the former finance chief of JP Morgan Chase has taken a 3.1 percent stake in Deutsche Bank , saying it backed new Chief Executive Christian Sewing’s efforts to turn around Germany’s biggest bank, but there was more to do….
Sears to license out manufacturing of some Kenmore, DieHard products
Sears Holdings Corp , which filed for Chapter 11 bankruptcy protection last month, said on Thursday it would license out the manufacturing of some its Kenmore and DieHard products to third parties.
U.S. weekly jobless claims fall; continuing claims lowest since 1973
New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.
Futures rise in buoyant start to November
U.S. stocks eyed a third day of gains on Thursday, leaving behind a brutal month of losses, as improving risk sentiment globally was further boosted by a string of positive earnings reports.
German consumer group files class action suit on behalf of Volkswagen owners
German consumer group vzbv filed a lawsuit against Volkswagen on Thursday over diesel emissions tests rigging, using new class-action rules which came in on Nov. 1, potentially making it easier to win damages from companies.
Health insurer Cigna raises forecast on tight cost control
U.S. health insurer Cigna Corp beat analysts’ estimates for quarterly profit and raised its full-year earnings forecast on Thursday, as it kept a tight lid on costs of the services provided under its health plans.
