Asian shares extend recovery into fifth day, dollar weak
TOKYO (Reuters) – Asian shares extended their recovery from two-month lows into a fifth day on Friday as the Wall Street market volatility gauge fell, while the U.S. dollar was undermined by various worries including rising inflation.
SEC blocks Chicago Stock Exchange sale to China-based investors
(Reuters) – U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor th…
SEC halts Chicago Stock Exchange sale to group led by China-based investors
(Reuters) – The U.S. Securities and Exchange Commission on Thursday rejected the sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying there were unresolved questions about the ownership structure under such a deal an…
Volatility holds key to bank revenue revival from 2017 slump: survey
LONDON (Reuters) – Revenues at the world’s 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business.
GE moves to sell part of overseas lighting business
(Reuters) – U.S. industrial conglomerate General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount.
CBS tops estimates as licensing business grows
(Reuters) – CBS Corp topped Wall Street’s quarterly revenue and profit estimates on Thursday as U.S. and international distributors licensed more of its shows.
Kraft Heinz meets cost-cut target of $1.7 billion by 2017 end
(Reuters) – U.S. food and beverage company Kraft Heinz Co had achieved the target of cutting $1.7 billion in costs by the end of 2017, the company said in a presentation on Thursday.
GE moves to sell part of overseas lighting business: WSJ
(Reuters) – General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled by Joerg Bauer, the former president of GE Hungary, for an undisclosed amount, the Wall Street Journal reported on Thursday.
CBS tops estimates on strong licensing revenue
(Reuters) – Media company CBS Corp CBS.N, which is exploring a merger with Viacom Inc , topped quarterly revenue and profit estimates on Thursday, driven by strong growth in domestic and international licensing sales.
Roche to buy Flatiron Health for $1.9 billion to expand cancer care portfolio
(Reuters) – Swiss drugmaker Roche Holding AG said on Thursday it would buy the rest of U.S. cancer data company Flatiron Health for $1.9 billion to speed development of cancer medicines and support its efforts to price them based on how well they work…
