AT&T merger judge says ‘no big issues’ in trial preparations
WASHINGTON (Reuters) – The U.S. judge who will decide if wireless and pay TV provider AT&T Inc may purchase Time Warner Inc said on Friday that he saw “no big issues” in pre-trial preparations.
Dell says it will explore IPO or merger with VMware
(Reuters) – Computer maker Dell Technologies Inc said on Friday it was considering a public offering of common stock or a combination with business software maker VMware Inc , its publicly held subsidiary.
Exxon, Chevron shares plunge after weak results spook Street
HOUSTON (Reuters) – Exxon Mobil Corp and Chevron Corp posted rare quarterly earnings misses on Friday as cost cuts and rising oil prices failed to offset weakness in international refining operations, sending shares of both companies plunging.
Exclusive: Merck’s consumer health sale at risk as Nestle bows out – sources
LONDON/FRANKFURT (Reuters) – The sale of Merck KGaA’s consumer health unit has been thrown off track after Nestle has pulled out, leaving the race to buy the maker of Seven Seas vitamins without its main contender, sources familiar with the matter to…
S&P 500, Dow on track for worst week in two years
(Reuters) – Wall Street extended losses on Friday after a round of weak earnings and on the back of robust payrolls data that sent bond yields higher, vexing all three major U.S. stock indexes.
Allergan completes restructuring, pushes hard in China
PARIS (Reuters) – Botox-maker Allergan has embarked on a big push in China where it plans to hire 200 additional staff this year and will also be on the lookout for potential acquisitions in the country, a senior executive told Reuters on Friday.
Wynn stock drop forces question: when to disclose misconduct?
WILMINGTON, Del. (Reuters) – The steep drop in the stock price of Wynn Resorts Ltd following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be “material” info…
Dow sheds 400 points as bond yields rise on strong jobs data
(Reuters) – The S&P and the Dow were headed for their worst week in two years on Friday, as robust U.S. jobs data pushed up bond yields further and boosted chances of more interest rate hikes this year.
Wall Street drops due to robust jobs data, weak earnings
(Reuters) – U.S. stocks sank on Friday, weighed down by weak earnings reports from blue-chip companies and as a robust U.S. jobs report boosted bond yields and bolstered expectations that the pace of interest rates hikes could pick up.
Ontario revokes mortgage broker BDMC license over risky investments
TORONTO (Reuters) – Ontario’s financial regulator said on Friday it has revoked the license of mortgage brokerage Building Development and Mortgages Canada Inc (BDMC) and Vince Petrozza, a co-founder of a related firm, Fortress Real Developments, follo…
