Broadcom scales back Qualcomm board challenge to simple majority
(Reuters) – Broadcom Ltd cut the number of board seats it was trying to win at Qualcomm Inc to six from 11 on Tuesday, saying this would let Qualcomm shareholders push the U.S. chip maker toward a sale while ensuring continuity.
JC Penney to shut Milwaukee distribution center, cut 670 jobs
(Reuters) – JC Penney Co Inc said on Tuesday it would close its Milwaukee distribution and customer care center and cut about 670 jobs.
Automakers to provide up to $130 million for Takata’s U.S. settlement
WILMINGTON, Del. (Reuters) – A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S. plaintiffs’ attorn…
Twitter’s CEO downplays chatter about possible acquisition
SAN FRANCISCO (Reuters) – Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.
Blue Apron puts EBITDA breakeven on table for late 2018
NEW YORK (Reuters) – Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker’s shares.
Wall Street ends up for third straight session; inflation data ahead
NEW YORK (Reuters) – Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market’s fragile recovery – or clear the way for more gains….
Delta Air Lines interested in Boeing ‘797’ jet: Bloomberg
NEW YORK (Reuters) – Delta Air Lines wants to be one of the first customers for an anticipated Boeing Co mid-market jet, Bloomberg reported on Tuesday, in an early indication that the carrier is not harboring ill-will over a recent trade row with the…
Wall Street advances as investors eye upcoming inflation reading
(Reuters) – Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors focused on upcoming inflation data that could upset the market’s fragile recovery.
Wall Street regulator looking into VIX manipulation: WSJ
(Reuters) – A Wall Street regulator is probing into whether prices linked to the Cboe Volatility Index have been manipulated, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
Blue Apron puts EBITDA breakeven on table for late 2018, shares rise
NEW YORK (Reuters) – Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker’s shares.
