U.S. judge approves Toys ‘R’ Us bonus plan to spur holiday shopping
(Reuters) – Toys ‘R’ Us won court approval on Tuesday for plan to pay top executives up to $21 million in bonuses by arguing that the money will incentivize them to boost the bankrupt retailer’s sales during the critical year-end shopping season.
New York Stock Exchange owner ICE holds back on crypto-futures
NEW YORK (Reuters) – Intercontinental Exchange Inc has put a lot of thought into the idea of futures contracts on cryptocurrencies like bitcoin, but has yet to move forward due to the opaque nature of the underlying markets, the New York Stock Exchang…
Tech rally burns out, leaves Wall Street lower
(Reuters) – Wall Street fell on Tuesday as a technology rebound lost steam and Walt Disney Co shares dipped, while investors assessed how a Republican U.S. tax overhaul would impact corporate earnings.
Canada scraps plan to buy Boeing fighters amid trade dispute: sources
OTTAWA (Reuters) – Canada is scrapping a plan to buy 18 Boeing Co Super Hornet fighter jets amid a deepening dispute with the U.S. aerospace company, three sources familiar with the matter said on Tuesday.
General Electric to cut 4,500 jobs in Europe: report
PARIS (Reuters) – U.S. firm General Electric will cut 4,500 jobs across Europe after reviewing assets it purchased from France’s Alstom in 2015, French newspaper Les Echos said on Tuesday.
Canada scraps buying 18 Boeing fighter jets amid trade dispute: sources
OTTAWA (Reuters) – Canada is scrapping a plan to buy 18 Boeing Co Super Hornet fighter jets amid a deepening dispute with the U.S. aerospace company, three sources familiar with the matter said on Tuesday.
Wall Street wavers as Disney falls and tech rebounds
(Reuters) – Wall Street treaded water on Tuesday as Microsoft and other technology stocks rebounded and Walt Disney Co fell, while investors assessed how a Republican tax overhaul would impact corporate earnings.
Exxon takes climate-change probe fight to Massachusetts top court
BOSTON (Reuters) – Exxon Mobil Corp urged Massachusetts’ top court on Tuesday to block the state’s attorney general from obtaining records to investigate whether the company for decades concealed its knowledge of the role fossil fuels have on climate …
Jury orders Bayer, J&J to pay $28 million in Xarelto lawsuit
(Reuters) – A Philadelphia state court jury on Tuesday ordered Bayer AG and Johnson & Johnson to pay $27.8 million to an Indiana couple over the drugmakers’ failure to warn of internal bleeding risks from their blood thinner Xarelto.
Nestle to buy vitamin maker Atrium Innovations for $2.3 billion
LONDON (Reuters) – Nestle is buying Canadian vitamin maker Atrium Innovations for $2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods.
