Wall St. higher as easing inflation worries outweigh Tillerson exit
(Reuters) – Wall Street’s main indexes rose on Tuesday as fears of faster interest rate hikes eased after a tepid U.S. consumer prices data and investors shrugged off news of U.S. Secretary of State Rex Tillerson’s ouster.
China conditionally approves Bayer’s acquisition of Monsanto
BEIJING (Reuters) – Bayer’s on Tuesday secured conditional approval from China’s commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto , chalking up a victory in the onerous struggle to win over watchdogs across the …
Dana CEO meeting top GKN investors in attempt to fight off Melrose
LONDON (Reuters) – The chief executive of U.S. firm Dana Incorporated is in London meeting top GKN shareholders in a drive to persuade the British engineer’s investors to back a deal with Dana and reject a hostile bid by Melrose Industries .
U.S. consumer prices slow as gasoline falls, rents moderate
WASHINGTON (Reuters) – U.S. consumer price growth slowed in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.
Stock futures hold on to gains after Tillerson’s ouster
(Reuters) – U.S. stock indexes were set to open higher on Tuesday as a decline in expectations for the pace of interest rate rises outweighed news of Rex Tillerson’s ouster as U.S. Secretary of State.
Starbucks signs licensing agreement with Brazil private equity firm
SAO PAULO (Reuters) – Sao Paulo private equity firm SouthRock Capital has signed an agreement with Starbucks Corp that gives it the right to develop and operate branches of the Seattle-based chain in Brazil, the companies said late on Monday.
Broadcom’s ambitious chief will shift target after Qualcomm halt: analysts
(Reuters) – Broadcom Ltd , led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds.
Stock futures edge higher ahead of inflation data
(Reuters) – U.S. stock index futures were slightly higher on Tuesday ahead of the consumer prices data, which will provide the last crucial reading on inflation in the run up to a near-certain interest rate hike by the Federal Reserve next week.
South Dakota urges Supreme Court to click ‘buy’ on internet sales tax
PIERRE, South Dakota (Reuters) – The woman walked into Cash Hogen’s hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme?
Shell, Eni preempt any U.S. probe over Nigeria with filings
LONDON (Reuters) – Oil giants Royal Dutch Shell and Eni have voluntarily filed to U.S. authorities internal probes into how they acquired a giant field in Nigeria as the companies seek to fight corruption allegations in Europe and Africa.
