Apple names former Honeywell executive as new general counsel
(Reuters) – Apple Inc said on Friday its general counsel, Bruce Sewell, will retire and be succeeded by former Honeywell International Inc executive Katherine Adams, who will take over Apple’s multinational legal battle against Qualcomm Inc .
Wall St. slips as Costco weighs, jobs data disappoints
(Reuters) – Wall Street was lower on Friday morning as declines in Costco and energy shares added to the dour mood set by a report that showed the first drop in U.S. jobs in seven years.
White Tale activists increase Clariant stake: Finanz und Wirtschaft
ZURICH (Reuters) – Activist investors seeking to block specialty chemical maker Clariant’s $20 billion merger with Huntsman Corp own “significantly more” than 15 percent of Clariant shares and want to increase their stake, they told a Swiss newspaper….
Costco shares down on fears of grocery delivery eating into margins
(Reuters) – Shares in Costco fell 6 percent on Friday after the retailer reported a decline in quarterly gross margins and underlined the growing competition in the industry by launching new grocery delivery services.
Porsche seeks 200 million euro damages from Audi over dieselgate: Bild
BERLIN (Reuters) – Volkswagen’s Porsche brand is seeking 200 million euros ($234 million) in damages from its luxury stablemate Audi over costs related to manipulated diesel engines, Bild newspaper reported on Friday.
Peltz says P&G proxy fight ‘dumb’, will go down to wire
(Reuters) – Procter & Gamble should simply not have bothered resisting activist investor Nelson Peltz’s push for a board seat, he said on Friday, promising to keep his shares in the consumer goods company even if he lost next week’s vote.
Wall Street opens lower after jobs report shocker
(Reuters) – Wall Street opened lower on Friday after a report showed U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring.
Tesco’s UK boss told ‘word by word’ of hole in accounts, court hears
LONDON (Reuters) – The head of Tesco’s UK business was read out “almost word by word” a report detailing a 250 million pounds ($327 million) hole in the supermarket’s accounts in 2014 a week before the stock market was informed, a court heard on Frida…
Hurricanes Harvey, Irma sink U.S. payrolls in September
WASHINGTON (Reuters) – U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity …
Dollar hits 10-week highs, U.S. yields jump on strong wages data
LONDON (Reuters) – The dollar rose to its strongest in 10 weeks on Friday and short-dated U.S. Treasury yields climbed to a nine-year high, after data showing the largest gain in U.S. wages since December 2016 bolstered bets on an interest rate hike by…
