Avon calls truce with Barington, nominates CEO Mitarotonda to board
(Reuters) – U.S. cosmetics maker Avon Products Inc has reached an agreement with Barington Capital to nominate the investor’s chief executive officer, James Mitarotonda, to its board in exchange for avoiding a proxy contest, a filing on Monday showed….
DISH executive testifies against planned AT&T merger with Time Warner
WASHINGTON (Reuters) – A top executive of DISH Network Corp argued on Monday that AT&T Inc’s planned purchase of Time Warner Inc would give AT&T too much power to block competitors’ access to crucial content.
Nestle’s Milkybar targets healthy sweet spot with designer sugar
YORK, England (Reuters) – Nestle is launching a lower-sugar Milkybar made with a new version of the sweetener which could help ease the $185 billion confectionery industry’s growing public health headache.
U.S. regulator, state attorneys look for answers from Facebook
WASHINGTON (Reuters) – The leading U.S. consumer protection regulator and attorneys representing 37 states stepped up pressure on Facebook Inc on Monday to explain how the social network allowed data of 50 million users get into the hands of a politic…
Wall Street roars back as trade war fears fade
NEW YORK (Reuters) – Wall Street scored its best day in 2-1/2 years and the Dow Jones Industrial Average saw its third-biggest point gain ever on Monday, as trade war fears eased on reports the United States and China are willing to renegotiate tariffs…
Callidus shares tumble after Reuters report on Catalyst valuations
TORONTO/NEW YORK (Reuters) – Shares of Canadian lender Callidus Capital Corp lost as much as 21.6 percent in two trading sessions, hitting an all-time low, after a Reuters report on Friday raised questions about the valuations that parent company Catal…
U.S. seeks China trade moves on autos, financials, chips: source
WASHINGTON/BEIJING (Reuters) – Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more U.S.-made semiconductors in negotiations to avoid plans to sla…
U.S. banks provide rescue financing for gunmaker Remington
(Reuters) – U.S. gunmaker Remington Outdoor Co has obtained commitments for nearly $300 million from its existing lenders, including some of the biggest U.S. banks, after new sources of funding dried up in the months leading up to its filing for Chapte…
Tech boosts Wall Street as trade war fears ebb
NEW YORK (Reuters) – Technology stocks led Wall Street’s rebound on Monday as fears over a potential trade war were calmed following reports the U.S. and China are willing to renegotiate tariffs and trade imbalances.
Citi, Goldman and rivals ramp up Brazil banker poaching war
SAO PAULO (Reuters) – Global investment banks from Citigroup to Goldman Sachs are hiring again in Brazil after years of retrenchment as historically low interest rates fuel a recovery as well as a small boom in M&A and stock and local bond offerings.
