ValueAct takes $1 billion stake each in Citigroup, Sallie Mae: letter
BOSTON (Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp’s student lender Sallie Mae, according to a letter seen by Reuters on Monday.
Lockheed resumes F-35 jet deliveries to Pentagon
WASHINGTON (Reuters) – The U.S. Department of Defense resumed accepting F-35 jet deliveries from Lockheed Martin Corp last week after reaching an agreement on covering the costs to fix a production error, the Pentagon told Reuters on Monday.
Democratic lawmakers express ‘serious concerns’ about T-Mobile purchase of Sprint
WASHINGTON (Reuters) – Senators Amy Klobuchar, Elizabeth Warren and other Democratic lawmakers expressed “serious concerns” on Monday about T-Mobile US, Inc’s plan to buy rival Sprint Corp , focusing on the planned deal’s effect on lower-cost wireless…
Comcast formally notifies Brussels of intention to bid for Sky
LONDON (Reuters) – U.S. cable operator Comcast has formally notified the European Commission of its intention to bid for Britain’s pay-TV group Sky , starting the clock on a review, a regulatory source told Reuters on Monday.
Snap names Amazon’s Tim Stone as CFO
(Reuters) – Snapchat-owner Snap Inc said Tim Stone, an Amazon.com Inc veteran who had led the integration of Whole Foods acquisition, would replace Andrew Vollero as chief financial officer.
Apple leads Wall Street higher; energy rally fades
(Reuters) – Wall Street climbed on Monday, boosted by Apple’s sixth straight day of gains and by a surge in oil prices to their highest since 2014.
Walmart likely to announce Flipkart deal before end of this week: sources
MUMBAI/BENGALURU (Reuters) – Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest…
Wynn Resorts in Massachusetts allowed to drop Wynn from license
BOSTON (Reuters) – Massachusetts’ gambling regulator on Monday said it will allow Wynn Resorts Ltd to remove founder Steve Wynn’s name from its license for a planned $2.5 billion casino following allegations that Wynn subjected women who worked for hi…
Exclusive: Lockheed resumes F-35 jet deliveries to Pentagon
WASHINGTON (Reuters) – The U.S. Department of Defense resumed accepting F-35 jet deliveries from Lockheed Martin Corp last week after reaching an agreement on who would cover the costs to fix a production error, the Pentagon told Reuters on Monday.
Icahn, Deason want at least $40 per share for Xerox
(Reuters) – Activist investors Carl Icahn and Darwin Deason would consider a bid for Xerox Corp of at least $40 per share, or a split with Fujifilm that will leave the company independent, to resolve an ongoing proxy fight, they said in a letter on Mo…
