Bombardier, Siemens rail merger de-railed by control issues: sources
FRANKFURT/MONTREAL (Reuters) – Canada’s Bombardier Inc missed out on a merger of its rail unit with Germany’s Siemens because of a reluctance by Siemens to cede control of its business, allowing France’s Alstom to clinch a deal with the German firm,…
Roku connects with investors in debut, shares soar over 67 percent
(Reuters) – Shares of video streaming firm Roku Inc rose more than 67 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm.
S&P ekes out record on healthcare gains, tax plan hopes
(Reuters) – Wall Street edged higher on Thursday, as the S&P 500 eked out a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform.
French PM says would closely watch any attempt to change L’Oreal ownership
PARIS (Reuters) – France’s prime minister said on Thursday he would look very carefully at any attempted ownership change at L’Oreal especially if an international investor sought to buy the world’s biggest cosmetics firm.
Russian government says Aeroflot to support struggling carrier VIM Airlines
MOSCOW (Reuters) – Russian state-controlled airline Aeroflot will help private carrier VIM Airlines after it asked for financial aid from the state, the Russian government said in a statement on Thursday.
Wall St. edges up on healthcare, tax plan hopes
(Reuters) – Wall Street edged higher on Thursday, with the S&P 500 poised to close at a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform.
Abbott wins U.S. antitrust approval to buy Alere with conditions
WASHINGTON (Reuters) – Abbott Laboratories has won U.S. antitrust approval to buy Alere Inc on condition that it sell two point-of-care medical testing businesses, the Federal Trade Commission said on Thursday.
Carnival business disrupted but CEO sees Caribbean rebound by winter
(Reuters) – Carnival Corp’s chief executive said on Thursday damage from recent devastating storms in Puerto Rico and the Caribbean will temporarily disrupt the cruise operator’s business, but a robust holiday season is still expected as the region li…
McDonald’s lifts Dow; Trump tax trade fades
(Reuters) – Gains in McDonald’s lifted the Dow in early afternoon trading on Thursday, while a cooling of the enthusiasm generated by President Donald Trump’s tax plan pressured financial and technology stocks.
U.S. economy accelerates in second quarter; hurricanes expected to slow growth
WASHINGTON (Reuters) – The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurric…
