Procter & Gamble declares proxy war victory, Peltz refuses to concede
(Reuters) – Procter & Gamble Co said activist hedge fund manager Nelson Peltz had lost his fight to win a seat on the company’s board, according to a preliminary tally of shareholder votes on Tuesday in the biggest-ever proxy fight.
Wall Street scales new records, helped by Wal-Mart, energy stocks
(Reuters) – The three major Wall Street indexes scaled new records on Tuesday as higher oil prices boosted energy stocks and Wal-Mart rose on the back of a bullish sales forecast.
Honeywell seeks M&A as it keeps aero, spins off two units
NEW YORK (Reuters) – Honeywell International Inc said Tuesday it will pare its focus to four business lines, including aerospace, and spin off two businesses with $7.5 billion in revenue to help fund acquisitions.
Britain hopes U.S. will keep politics out of Bombardier decision
LONDON (Reuters) – Britain hopes a provisional U.S. ruling imposing tariffs on Canadian aerospace manufacturer Bombardier will not be politically influenced when new evidence is considered, UK Business Secretary Greg Clark said on Tuesday.
Qualcomm offers to buy NXP minus some patents to allay EU concerns: sources
BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm has offered to buy NXP Semiconductors without some of its patents in a bid to win EU antitrust regulatory approval for the $38 billion deal, two people familiar with the matter said on Tuesday.
Pfizer weighs $15 billion sale of consumer healthcare business
(Reuters) – Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs.
Wal-Mart sees U.S. online sales soaring 40 percent in fiscal year 2019
(Reuters) – Wal-Mart Stores Inc on Tuesday forecast that U.S. online sales would soar about 40 percent in the fiscal year ending January 2019, sending its stock up nearly 4 percent to the highest in more than two years.
Honeywell sticks with aerospace, spins off other units
(Reuters) – Honeywell International Inc unveiled a corporate makeover on Tuesday that will tie its growth more strongly to aerospace technology and spin off other businesses as two publicly-traded companies by the end of 2018.
U.S. top court asks Justice Department for views in Apple antitrust case
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday asked the Trump administration for its views on whether to hear Apple Inc’s bid to avoid a class-action lawsuit accusing the tech giant of inflating consumer prices by charging illegally high co…
Exclusive: EU regulators set to approve Atlantia’s bid for Abertis – sources
MILAN/BRUSSELS (Reuters) – Italian toll-road group Atlantia’s 17 billion-euro ($20 billion) bid for Spain’s Abertis is set to win EU approval, sources said on Tuesday, clearing another hurdle to getting the long-awaited deal done unless a counter-bid …
