Judge says no evidence of wrongdoing by Deutsche Bank in Postbank suit
COLOGNE, Germany (Reuters) – A German appeals court said on Wednesday it had not seen evidence to suggest Deutsche Bank acted illegally in concert with another party during the lender’s takeover of Postbank, as alleged by a former Postbank shareholder…
Wall Street edges lower as bank stocks weigh
(Reuters) – Wall Street was trading slightly lower on Wednesday as bank stocks came under pressure from a near-flat Treasury yield curve and investors remained focused on the debate among lawmakers over the tax bill.
Exclusive: Takata creditors seek $30 billion, far more than it can pay – court filing
TOKYO (Reuters) – Creditors of bankrupt Takata Corp say the parts maker owes them more than $30 billion after the automotive industry’s biggest recall over its faulty air bags – many times more than the company can repay, a court filing seen by Reuters…
Linde reaches important acceptance level for Praxair merger
FRANKFURT (Reuters) – Industrial gases group Linde has exceeded an important 74 percent approval threshold for its planned $80 billion tie-up with Praxair, it said on Wednesday.
Snap says China’s Tencent holds 12 percent stake
(Reuters) – Snapchat owner Snap Inc on Wednesday revealed that China’s Tencent Holdings Ltd has a 12 percent stake in the company, a day after dismal results pummeled the stock.
ConocoPhillips aims capex at $5.5 billion/year for rest of decade
NEW YORK (Reuters) – ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 pe…
Russia to check if Facebook is complying with law: Ifax
MOSCOW (Reuters) – Russia’s communications regulator Roskomnadzor said on Wednesday it planned to check whether Facebook was in compliance with Russian law.
LVMH boss Arnault says assets referred to in “Paradise Papers” known to tax bodies
PARIS (Reuters) – Bernard Arnault, France’s richest billionaire and the head of luxury goods group LVMH , said on Wednesday that assets referred to by Le Monde newspaper, in the “Paradise Papers” leaks tracking tax affairs, were known to tax authoritie…
Wendy’s same-restaurant sales miss estimates
(Reuters) – U.S. burger chain Wendy’s Co on Wednesday reported a smaller-than-expected rise in third-quarter sales at established restaurants in North America, as hurricanes hit traffic at restaurants in Florida and Texas
Stock futures slightly lower as investors track progress on tax bill
(Reuters) – U.S. stock index futures were slightly lower on Wednesday, a day after the Dow closed at a record high for the fourth straight day, as investors closely watch Republican efforts to pass the tax bill.
