AT&T loses bid for White House communications about Time Warner deal
WASHINGTON (Reuters) – A federal judge on Tuesday denied a request by AT&T Inc to compel the U.S. Justice Department to disclose any records of communications between the White House and government lawyers that detail President Donald Trump’s views on the company’s proposed $85 billion merger with Time Warner Inc .
Albertsons to buy Rite Aid as Amazon threat looms
(Reuters) – U.S. grocer Albertsons Cos Inc said it would buy drug store chain Rite Aid Corp to create a company with $83 billion in annual revenue, giving it more clout to compete with bigger chains in an industry fearing the entry of Amazon.Com .
Audi CEO rejects speculation about his future
BERLIN (Reuters) – Audi Chief Executive Rupert Stadler has rejected suggestions he is about to be ousted and believes he has the support of parent company Volkswagen , a German newspaper reported on Tuesday.
Walmart halts Dow’s six-day rally; S&P edges higher
(Reuters) – A steep fall in Walmart shares put the skids on the blue-chip Dow’s six-day winning streak, but gains in Amazon and technology stocks propped up the S&P 500 and the Nasdaq.
Qualcomm deals blow to Broadcom’s bid with sweetened NXP deal
(Reuters) – U.S. semiconductor company Qualcomm Inc on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd .
Walmart holiday-quarter profit drops, online struggles spook investors
NEW YORK (Reuters) – Walmart Inc , the world’s biggest retailer, on Tuesday posted a sharp drop in profit and online sales growth during the critical holiday period and forecast annual profit at the lower end of expectations.
Qatar says may switch part of A350 order to biggest model
TOULOUSE, France (Reuters) – Airbus got a boost for its largest twin-engined jet on Tuesday when Qatar Airways said it was considering upgrading some of its A350 orders to the largest model as it took delivery of the first such plane.
Albertsons to buy rest of Rite Aid as Amazon threat looms
(Reuters) – Supermarket operator Albertsons Companies Inc will buy the rest of Rite Aid Corp not being sold to Walgreens Boots Alliance , the latest in a string of drug industry mergers to tackle the threat of Amazon.com Inc .
S&P, Dow falter after six days of gains as Walmart weighs
(Reuters) – A steep fall in Walmart’s shares put the skids on the S&P 500 and the Dow’s six-day winning streak, but gains in Amazon and technology stocks kept the Nasdaq in positive territory.
Gap brand CEO Jeff Kirwan to leave retailer, shares fall
(Reuters) – Gap Inc said on Tuesday it was disappointed with the progress at turning around the fortunes of its eponymous brand and that the head of the business, Jeff Kirwan, was leaving.
