Ackman’s ADP proxy battle nears climax with investor vote tally
ROSELAND, N.J. (Reuters) – The fierce proxy battle between activist hedge fund manager William Ackman and the leadership of Automatic Data Processing Inc will come to a close on Tuesday when an official vote tally is announced at the payroll processor…
Qatar Airways seeks to create a virtual mega carrier with deals: CEO
SINGAPORE (Reuters) – Qatar Airways wants to create a virtual mega-carrier that will give it economies of scale in negotiating fuel and operations, as it expands investments in other airlines, its chief executive said on Tuesday.
World stocks break 500 barrier, oil camps at two-and-a-half year high
LONDON (Reuters) – The global rally in stocks showed no sign of slowing on Tuesday, as upbeat investors pushed the most widely-tracked index of world stocks up for a ninth straight day and it sailed past the 500-point barrier.
Russia’s Aeroflot sizes up Airbus, Boeing for narrow-body order
SINGAPORE (Reuters) – Fast-growing Russian airline group Aeroflot is considering a “sizeable” order for Airbus SE A320neo family and Boeing Co’s 737 MAX narrow-body aircraft, a top executive said on Tuesday.
Bitcoin a new asset class, not a crypto-currency: CME’s Melamed
TOKYO (Reuters) – Bitcoin is likely to become a new asset class in its own right, such as gold or stocks, which can be traded by major investors and regulated, not simply a crypto-currency, Leo Melamed, Chairman Emeritus of CME Group , said on Tuesday….
Exclusive: General Electric explores options for aircraft leasing unit – sources
SINGAPORE/NEW YORK (Reuters) – General Electric Co is weighing options for its aircraft leasing operations, including the sale of all or part of the business, as Chief Executive John Flannery searches for new divestitures, according to people familia…
JPMorgan sees more Saudi firms looking at overseas listings after Aramco
ABU DHABI (Reuters) – JPMorgan is in early talks with Saudi Arabian companies about overseas listings, its investment bank chief said, raising the possibility that more firms could join oil giant Saudi Aramco in seeking an international flotation.
Underwriter Hiscox revises down hurricane claim estimates
(Reuters) – Lloyd’s of London underwriter Hiscox Ltd said it now estimates net claims for Hurricanes Harvey, Irma and Maria to total around $225 million, having previously estimated the same amount for Harvey and Irma alone.
U.S. investors target ‘buyback stocks’ in bet on Trump tax plan
NEW YORK (Reuters) – Rather than waiting to see how the Republican tax bill will fare in Congress, some investors are already picking out gingerly technology, healthcare and consumer companies they expect to use potential tax savings to buy back more o…
U.S. department stores tap brakes on stocking for holiday season
CHICAGO (Reuters) – This holiday season, retailers are making a list, checking it twice, and then ordering less for U.S. shoppers. With foot traffic at their stores in decline, department stores that would have stocked up for the biggest shopping se…
