Buffett proposed to invest $3 billion in Uber, but talks failed: Bloomberg
(Reuters) – Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the deal’s terms, Bloomberg reported on Wednesday, citing unidentified peop…
Wall St. rebounds; worries over Italy ease
NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, with the S&P 500 and Dow registering their biggest daily percentage gains since May 4, as signs emerged of an easing of political turmoil in Italy and a surge in oil prices boosted energy stocks.
Blackstone sees scope for Italian deals despite political strife
NEW YORK (Reuters) – Alternative asset manager Blackstone Group LP is still open to doing deals in Italy despite political turmoil in the euro zone country, President and Chief Operating Officer Jon Gray said on Wednesday.
Energy, banks fuel Wall Street’s rebound, S&P 500 erases losses
(Reuters) – U.S. stocks rose on Wednesday, with a surge in energy stocks helping Wall Street recover from a steep selloff in the previous session that was driven by political turmoil in Italy.
Exxon CEO urges New York prosecutor to rethink climate change probe
DALLAS (Reuters) – Exxon Mobil Corp’s chief executive said on Wednesday he hopes the new attorney general in New York “comes to a different conclusion” than predecessor Eric Schneiderman on a climate change probe into the world’s largest publicly trade…
Uber seeks to cut pricing on $1.13 billion term loan
NEW YORK (LPC) – Ride-hailing service Uber Technologies Inc is asking lenders to lower pricing on its $1.13 billion term loan due in 2023, sources said.
Moncler aspires to give its puffer jackets a monthly makeover
MILAN (Reuters) – Italian label Moncler has already turned luxury fashion on its head by transforming casual skiwear into trendy items with its sleek puffer jackets.
Consumer Reports recommends Tesla’s Model 3 after braking fix
(Reuters) – Influential U.S. magazine Consumer Reports said on Wednesday it was recommending Tesla Inc’s Model 3 sedan after its latest tests showed that a firmware update improved the car’s braking distance by nearly 20 feet.
Exxon shareholders reject proposal to split CEO, chair roles
DALLAS (Reuters) – Exxon Mobil Corp shareholders rejected a proposal on Wednesday that would have split the roles of chairman and chief executive, securing CEO Darren Woods’s role as he looks to improve results at the world’s largest publicly traded oi…
U.S. first-quarter growth trimmed on weak consumer spending
WASHINGTON (Reuters) – U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years, but activity is already picking up against the backdrop of a tightening lab…
