Twenty-First Century Fox revenue beats on gains from affiliate fees
(Reuters) – Rupert Murdoch-controlled Twenty-First Century Fox Inc’s quarterly revenue beat analysts’ estimate on Wednesday as the company received higher fees from cable and satellite distributors.
Wall Street surges on higher oil after U.S. quits Iran deal
(Reuters) – Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear agreement with Iran.
Ford chairman says ‘fairly large’ changes in store for automaker
DETROIT (Reuters) – Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehic…
Sears shares soar on Amazon tie-up; CEO says on ‘right path’
HOFFMAN ESTATES, ILL. (Reuters) – Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled ret…
Walmart to pay $16 billion for control of India’s Flipkart, shares slide
NEW YORK/MUMBAI (Reuters) – Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer’s largest-ever deal as it competes with Amazon.com Inc in an important growth marke…
Majority of Sturm Ruger investors vote for gun-safety report
(Reuters) – A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the first victory for such a proposal.
Wall Steet rallies on higher oil after U.S. quits Iran deal
(Reuters) – Wall Street rallied on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump’s decision the previous day to quit a nuclear deal with Iran.
Ford scrambles to restart truck production after fire at supplier
DETROIT (Reuters) – Ford Motor Co is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size…
Rolls-Royce operations chief to leave in streamlining
(Reuters) – Rolls-Royce Holdings Plc Chief Operating Officer Simon Kirby will leave the company in June as the British manufacturer looks to streamline its business, it said in a memo to staff seen by Reuters.
Xerox board seeks better terms from Fujifilm, will resume talks
(Reuters) – Xerox Corp’s board said on Wednesday it intended to resume merger discussions with Fujifilm Holdings, seeking a superior deal to terms announced at the end of January that have spurred a proxy fight over the company.
