Brazil OKs amended bill on car-hailing apps after Uber lobbying
BRASILIA (Reuters) – Brazil’s Senate approved a weaker version of a hotly disputed bill to regulate car-hailing services like Uber Technologies Inc [UBER.UL] on Tuesday after the U.S. company’s chief executive warned it could make its business unworka…
Rockwell Automation rejects Emerson’s $27 billion takeover bid
(Reuters) – Automation equipment maker Rockwell Automation Inc said on Tuesday it had rejected an unsolicited acquisition bid from bigger rival Emerson Electric Co for more than $27 billion, arguing that the offer undervalued the company.
Buy signal blares for cell-tower stocks in 2017
NEW YORK (Reuters) – A hitch in a proposed merger of U.S. wireless carriers Sprint Corp and T-Mobile US has further boosted buoyant shares of cell tower stocks, which could benefit if there is no combined company to cut costs by reducing tower usage….
Game publisher EA’s holiday-quarter sales forecast misses estimates
(Reuters) – Electronic Arts Inc’s revenue forecast for the holiday quarter narrowly missed estimates on Tuesday as the game developer gears to face tough competition from rivals such as Activision.
Citigroup expects $150 million gain on sale of Hilton cards to American Express
NEW YORK (Reuters) – Citigroup Inc said on Tuesday it expects to record a $150 million pretax gain on the sale to American Express Co of a $1.2 billion credit card portfolio from its co-brand deal with Hilton hotels.
Wall St. ends strong October higher as tech, staples lead
(Reuters) – A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a positive note.
Uber CEO says company’s future in Brazil in the balance
BRASILIA (Reuters) – The chief executive of Uber Technologies Inc, Dara Khosrowshahi, said on Tuesday that his company’s future in Brazil depends on government decisions, as the Brazilian Senate prepared to vote on regulating car hailing apps.
Wall St. set to end month on up note as tech, staples lead
(Reuters) – A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports, along with further gains for tech stocks on Tuesday, put the three major Wall Street indexes on track for their best monthly gains since February.
Pfizer expects broad interest for consumer health business
NEW YORK (Reuters) – Pfizer Inc, the largest U.S. drugmaker, expects no shortage of suitors for its consumer health business and said it would decide whether to sell, spin off or retain the unit next year.
Wall Street inches higher on gains in techs, consumer staples
(Reuters) – Gains in technology stocks and a jump in shares of consumer companies Mondelez and Kellogg on Tuesday put the three major Wall Street indexes on track for their best monthly gains since February.
