Exclusive: Viacom, CBS CEOs discuss potential merger – sources
(Reuters) – Viacom Inc Chief Executive Bob Bakish and CBS Corp CEO Leslie Moonves have had an exploratory discussion about merging the two media companies, sources familiar with the situation told Reuters on Thursday.
Caterpillar beats estimates on buoyant global demand
(Reuters) – Caterpillar Inc’s profit topped Wall Street forecasts for the seventh straight quarter on Thursday as equipment sales surged 35 percent on strong global demand for construction, mining and energy machines.
U.S. airline shares fall again as investors worry about capacity, price wars
NEW YORK (Reuters) – U.S. airline shares sunk further on Thursday as quarterly reports from American Airlines and Southwest Airlines did nothing to quell investors’ fears that carriers’ plans to expand capacity will lead to lower fares just as the in…
Starbucks sees 2018 cafe sales growth at low end of forecast
(Reuters) – Starbucks Corp on Thursday warned that 2018 global cafe sales growth would be at the low end of its forecast after missing Wall Street’s expectations for the U.S.-dominated Americas region, where traffic was flat during the key holiday qua…
Dow and S&P 500 reach records; market cools after Trump talks up dollar
NEW YORK (Reuters) – The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although Wall Street relinquished bigger gains after President Donald Trump said he wants a strong dollar.
Intel results beat estimates on data center growth
(Reuters) – Intel Corp , which is rushing to fix recently disclosed security flaws in its chips, beat expectations for adjusted profit and revenue in the fourth quarter, driven by strong growth in its data center business.
Exclusive: Viacom, CBS CEOs have discussed potential merger – sources
(Reuters) – Viacom Inc Chief Executive Bob Bakish and CBS Corp CEO Leslie Moonves have had an exploratory discussion about merging the two companies, sources familiar with the situation told Reuters on Thursday.
Benchmark Capital drops lawsuit against ex-Uber CEO Kalanick
(Reuters) – Silicon Valley venture firm Benchmark Capital’s lawsuit against former Uber Technologies Inc [UBER.UL] CEO Travis Kalanick was dismissed on Thursday by a Delaware judge following an agreement between the parties.
Keystone XL pipeline route change is not major issue: TransCanada CEO
(Reuters) – TransCanada Corp does not see a route change for the proposed Keystone XL oil pipeline to Nebraska as a major issue, and the company is confident that a key regulatory approval will stand, Chief Executive Russ Girling said on Thursday.
U.S. panel rejects Philip Morris claim iQOS device cuts disease risk
WASHINGTON (Reuters) – Philip Morris International Inc should not be allowed to claim that its iQOS electronic tobacco device can reduce the risk of tobacco-related diseases compared with cigarettes, an advisory panel to the U.S. Food and Drug Administ…
