Trian’s Peltz says it wins proxy fight against P&G
(Reuters) – Activist hedge fund Trian’s Nelson Peltz said on Wednesday he won a proxy fight with Procter & Gamble Co for a seat on the company’s board.
Oracle backs tougher foreign investment bills aimed at China
WASHINGTON (Reuters) – Software maker Oracle Corp is backing bipartisan legislation that aims to toughen foreign investment rules amid increasing concern over Chinese efforts to buy U.S. high-tech companies, according to a letter seen by Reuters on We…
BlackBerry signs patent licensing deal with Teletry
(Reuters) – Canada’s BlackBerry Ltd said on Wednesday it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers.
Delta Air says tax cut would buy new planes, pay down debt
DETROIT (Reuters) – C would use savings from a lower U.S. corporate tax rate to buy new equipment and pay down some of its debt, the carrier’s chief executive said on Wednesday, as congressional Republicans work to push forward a tax cut bill.
Exclusive: Mattel snubs Hasbro’s latest acquisition approach – sources
(Reuters) – Mattel Inc has rebuffed Hasbro Inc’s latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world’s two largest toy companies.
Bombardier plans hiring spree for business jet program: sources
MONTREAL (Reuters) – Bombardier Inc expects to hire around 1,000 workers in Montreal over 18 months, as the Canadian plane and train maker ramps up production of its new Global 7000 business jet, three sources familiar with the matter said on Wednesday…
U.S. government approaches 18 states to fight AT&T-Time Warner deal
WASHINGTON (Reuters) – The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T Inc’s $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter said on Wednesday.
Wall Street falls as energy tracks oil lower; tech weighs
NEW YORK (Reuters) – U.S. stocks fell on Wednesday as energy sector shares dropped for a fourth straight session, tracking crude prices, while tech, the best performing sector this year, weighed the most on the S&P 500.
Lockheed’s CH-53K helicopter to make global debut at Berlin air show: sources
BERLIN (Reuters) – The U.S. military has approved Lockheed Martin Corp’s new CH-53K heavy-lift helicopter to fly at the Berlin air show next April, according to two sources familiar with the program.
U.S. delivery companies dig deep to hire holiday season help
SEATTLE (Reuters) – The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.
