Weinstein Co, New York Attorney General in last-minute talks to avoid bankruptcy: WSJ
(Reuters) – Weinstein Co’s board on Thursday met with a potential buyers’ group at the New York attorney general’s office in a last-resort attempt to avoid bankruptcy and a government lawsuit, the Wall Street Journal reported, citing people with knowle…
Wells Fargo reviews wealth business for possible customer abuse: filing
(Reuters) – Wells Fargo & Co is examining its wealth and investment management business for possible customer abuse, including overcharging and inappropriate referrals, after inquiries from government agencies, the company said on Thursday.
Trump says U.S. to impose steep tariffs on steel, aluminum imports
WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China and Europe and helping trigger a large selloff on Wall Street.
GM, rivals chase luxury pickups’ fat margins as U.S. market dips
DETROIT (Reuters) – General Motors Co on Thursday unveiled a revamped luxury pickup truck, intensifying the battle among Detroit’s Big Three automakers for fat profits at the top end of a highly lucrative segment even as overall U.S. new vehicle sales…
Wall Street drops over 1 percent on Trump tariff fears
NEW YORK (Reuters) – The S&P 500 registered a third straight day of more than 1 percent declines on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war.
Icahn bets on Newell, praises Herbalife management
(Reuters) – Activist investor Carl Icahn said he owns a “large position” in Newell Brands Inc where a rival activist is already fighting to remove the entire board from the company that makes matches, markers and candles.
Trump says U.S. to impose hefty tariffs on steel, aluminum imports
WASHINGTON (Reuters) – U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fai…
P&G says cut digital ad spend by $200 million in 2017
(Reuters) – Procter & Gamble Co said on Thursday it cut digital advertising spend by $200 million last year based on viewership data provided by tech and media companies that showed its ads were not reaching its target audience effectively.
Wall Street sinks on Trump tariffs, interest rate worries
(Reuters) – U.S. stocks fell sharply on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, adding fears of a tit-for-tat trade war to growing worries about higher interest rates.
Icahn says he has a ‘large position’ in Newell: CNBC
(Reuters) – Carl Icahn has built a “large position” in sharpie maker Newell Brands Inc , the activist investor told CNBC in an interview, and said that the company’s stock undervalued.
