Netflix crosses $100 billion market capitalization as subscribers surge
(Reuters) – Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the wo…
Bank of America wants more brokerage clients to be bank clients
NEW YORK (Reuters) – Bank of America is offering cash and interest rate incentives to Merrill Lynch clients for opening first-time checking and savings accounts as it tries to seize the large chunk of wealth that brokerage customers hold at other inst…
ADM approach to Bunge marks potential U-turn on oilseed strategy
CHICAGO (Reuters) – Archer Daniels Midland Co’s proposed takeover of Bunge Ltd could signal a change in the company’s strategy on oilseeds, giving the top U.S. grain merchant a much bigger capacity to crush soy just months after ADM’s chief executive…
U.S. slaps steep tariffs on imported washers, solar panels
WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect trade restrictions under seldom-used trade laws that allow unilateral actions…
Netflix crosses $100 billion market cap as subscribers surge
(Reuters) – Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of last year, tripling profits at the online video service that is burning money on new programming to dominate internet television around t…
Judge orders U.S. government to seek consent to give data to AT&T, Time Warner
WASHINGTON (Reuters) – The judge hearing the Justice Department’s lawsuit to stop AT&T from buying Time Warner ordered the department on Monday to seek permission to give the two companies access to rivals’ pricing data.
Puerto Rico to sell off crippled power utility PREPA
NEW YORK (Reuters) – Puerto Rico said on Monday it would sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete.
Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund
BOSTON (Reuters) – William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters …
Stocks hit record as senators reach deal to end shutdown
(Reuters) – U.S. stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by U.S. senators to end the federal government shutdown.
Bacardi to buy high-end tequila maker Patron in $5.1 billion deal
(Reuters) – Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States in market share by value.
