Lawsuit accuses Kmart of copying Halloween banana costume
Kmart Corp has been sued by a New Jersey company that accused the retailer of ripping off its full-body banana costume design for its “Totally Ghoul” banana men’s Halloween costumes.
Exclusive: Spotify’s valuation turned up to $16 billion in private trades – sources
LONDON/STOCKHOLM (Reuters) – Private trades in Spotify shares are valuing the music streaming company at about $16 billion, according to people familiar with the deals, raising the prospect of a bumper flotation next year.
Wall St. pares gains after Trump outlines tax plan
(Reuters) – U.S. stocks pared gains on Wednesday after President Donald Trump’s administration called for slashing tax rates but offered few details about how to pay for tax cuts without expanding the federal deficit.
Bank of America will continue share buybacks, CEO says
(Reuters) – Bank of America Corp will continue to favor share buybacks over a dividend increase to avoid putting itself in a position where it may have to reduce the dividend in the future, Chief Executive Brian Moynihan said at a conference in London…
Exclusive: Republican U.S. tax framework sets 20 percent corporate rate
WASHINGTON (Reuters) – Republicans in the U.S. Congress and the White House called for slashing tax rates on businesses and the wealthy on Wednesday, as part of a new tax plan that offers few details about how to pay for tax cuts without expanding the …
Fidelity chairman says no need for an IPO: Bloomberg TV interview
BOSTON (Reuters) – Fidelity Investments does not need an IPO, Chairman Abigail Johnson said in a Bloomberg TV interview on Wednesday.
U.S. core capital goods data underscores economy’s strength
WASHINGTON (Reuters) – New orders for U.S.-made capital goods increased more than expected in August and shipments maintained their upward trend, pointing to underlying strength in the economy despite an anticipated drag on growth from Hurricanes Harve…
Nike’s road to recovery in North America likely a long one
(Reuters) – Nike Inc’s fight to claw back market share in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after the sportswear giant reported its weakest quarterly sales growth in nearly se…
European rail deal fulfils Macron vision, French fear for jobs
PARIS/FRANKFURT (Reuters) – A merger of the rail businesses of Germany’s Siemens and France’s Alstom , billed as creating a European champion, was welcomed by investors but criticized in France as giving away control to Germany and risking job cuts.
Britain warns Boeing it might lose business over Bombardier row
BELFAST/LONDON (Reuters) – Britain told U.S. planemaker Boeing on Wednesday that it could lose out on British defense contracts because of its dispute with Canadian rival Bombardier which has put 4,200 jobs at risk in Northern Ireland.
