Ackman says ADP provided ‘misleading’ claims to ISS: filing
BOSTON (Reuters) – Billionaire investor William Ackman on Monday accused Automatic Data Processing Inc of providing misleading and incorrect claims to Institutional Shareholder Services and asked the proxy advisory firm to reconsider its shareholder r…
AT&T, Verizon, T-Mobile win $994 million U.S. defense contract: Pentagon
WASHINGTON (Reuters) – AT&T Inc , Verizon Communications Inc and T-Mobile US Inc are being awarded a U.S. defense contract worth $199 million for wireless services and devices, the Pentagon said on Monday.
U.S. regulator asks Trump not to dismantle class-action rule
WASHINGTON (Reuters) – A top U.S. regulator for Wall Street took the unusual step on Monday of directly asking President Donald Trump to veto a resolution that allows financial companies to block customers from banding together to sue, a request likely…
Oreo maker Mondelez’s profit, revenue beat estimates
(Reuters) – Mondelez International Inc beat Wall Street’s profit and revenue estimates in the third quarter as demand for its key brands such as Oreos and Trident gum rose in Latin America and Europe.
Wall St. slips as Merck drops, tax talk rattles
(Reuters) – Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares and a report that U.S. lawmakers are discussing a gradual phase-in of much-anticipated corporate tax cuts.
Japan’s SoftBank doubts merger of Sprint with T-Mobile: source
(Reuters) – SoftBank Group Corp’s board of directors is having doubts about the merger it has been negotiating between its U.S. wireless subsidiary Sprint Corp and T-Mobile US Inc , due to fears of losing control of a combined entity, a source famili…
Ackman says ADP provided ‘misleading’ data to ISS: filing
BOSTON (Reuters) – Billionaire investor William Ackman on Monday accused Automatic Data Processing of providing misleading and incorrect data to Institutional Shareholder Services and asked the proxy advising firm to reconsider its recommendations.
Wall St. slips amid Merck losses, tax talk
(Reuters) – Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares, as investors assessed President Donald Trump’s plan for corporate tax cuts.
Citi analysts flag ‘real risk’ of Macy’s dividend cut, shares tumble
CHICAGO (Reuters) – Shares in Macy’s Inc tumbled more than 5 percent on Monday to a seven-year low after Citi analysts said the department store operator may cut its dividend to help pay down debt as it grapples with weak margins and foot traffic.
Wall Street extends loss after report of gradual tax cuts
(Reuters) – U.S. stocks extended losses in early afternoon trading on Monday after a report that the House of Representatives was discussing “a gradual phase-in” for President Donald Trump’s corporate tax cut plans.
