Britain to renationalize rail line sparking new row over ownership
LONDON (Reuters) – The British government is renationalizing the rail route between London and Edinburgh, taking back the line from a private company after it over-estimated profits, in a step likely to reignite a debate over public ownership of the UK…
Trump tweets: China has ‘much to give’ in trade negotiations
WASHINGTON (Reuters) – U.S. President Donald Trump said in tweets on Wednesday that “nothing has happened” with China’s ZTE Corp and that Beijing has “much to give” Washington on trade, denying suggestions that his administration was “folding” in nego…
Macy’s ‘every week was good’ boosts forecast for year
(Reuters) – Macy’s Inc raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism spending, a new loyalty program and a greater assortment of products offer…
Rupert Murdoch’s son Lachlan to become Fox CEO after Disney deal
(Reuters) – Twenty First Century Fox’s James Murdoch will be succeeded by his brother Lachlan as chief executive officer once the company’s TV and film assets are acquired by Walt Disney Co , Fox said on Wednesday.
Industrial production rises strongly; homebuilding tumbles
WASHINGTON (Reuters) – U.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy was gathering momentum early in the second quarter.
S&P, Nasdaq climb on retail, chip gains
(Reuters) – Wall Street edged higher on Wednesday, helped by gains in retail and chip stocks, while investors weighed the impact of rising bond yields.
Goldman aims to preserve pre-IPO culture, even as partnership dwindles
WASHINGTON (Reuters) – Goldman Sachs Group Inc has launched a global training initiative to safeguard the tight-knit culture it developed as a private partnership, even as the bank marks its 19th year as a publicly traded company.
Lachlan Murdoch to be CEO of new Fox after Disney deal
(Reuters) – Twenty First Century Fox said on Wednesday Executive Chairman Lachlan Murdoch will serve as chairman and CEO of the proposed new Fox, following the sale of its film and TV assets to Walt Disney Co .
U.S. pushing for NAFTA deal as Thursday deadline approaches
WASHINGTON (Reuters) – The United States is pushing for a deal in negotiations on a revised North American Free Trade Agreement (NAFTA), the White House said on Wednesday, but Canadian and Mexican officials were not due in Washington for talks before a…
Evolus investors frown as FDA declines to approve Botox rival
(Reuters) – U.S. health regulators on Wednesday declined to approve Evolus Inc’s rival product to Allergan Plc’s Botox, citing deficiencies related to the chemistry and manufacturing of its potential treatment for frown lines, sending its shares down…
