Western Digital in talks for stake in Toshiba chip unit after an IPO: Kyodo
TOKYO (Reuters) – Western Digital Corp is in talks to gain voting rights of just under 16 percent in Toshiba Corp’s memory chip unit on the assumption that it will be listed in the future, Kyodo news agency reported on Thursday.
Asian shares rise on relief over U.S. debt ceiling deal, euro eyes ECB
TOKYO (Reuters) – Asian shares bounced back on Thursday after U.S. President Donald Trump and congressional leaders unexpectedly agreed to raise the government debt limit until December, eliminating the near-term risk of a government shutdown.
Union Pacific CEO sees pent-up demand in Harvey recovery
HOUSTON (Reuters) – No. 1 U.S. railroad Union Pacific Corp has repaired most of the damage caused to its network by catastrophic flooding brought by Hurricane Harvey to Houston late last month and its network should be fully operational around the end…
United will not face fines after passenger dragging incident: U.S. official
WASHINGTON (Reuters) – The U.S. government told United Continental Holdings Inc it would not face fines after a 69-year-old man was dragged from a flight in April, a U.S. official said on Wednesday, a decision that was criticized by a passenger rights…
Trian proposes shake-up to P&G’s structure and strategy
NEW YORK (Reuters) – Activist investor Trian Partners on Wednesday released its long-awaited plan to boost shares of Procter & Gamble Co , detailing changes intended to streamline and rejuvenate the maker of Crest toothpaste, Tide laundry detergent and Pampers diapers.
Toys”R”Us taps law firm to weigh restructuring options: source
NEW YORK (Reuters) – Toys”R”Us Inc has hired law firm Kirkland & Ellis LLP to help weigh restructuring options ranging from a bankruptcy filing to raising financing as bricks and mortar retail goes through a major downturn, according to a person familiar with the matter.
Energy shares lead broad rebound on Wall Street
(Reuters) – Wall Street climbed on Wednesday, boosted by energy shares and helped by news of an agreement to extend the debt limit, as stocks bounced back from a day-earlier selloff.
United will not face fines after passenger dragging incident: official
WASHINGTON (Reuters) – The U.S. Transportation Department told United Continental Holdings Inc it would not face fines after a 69-year-old passenger was dragged from a flight at Chicago’s O‘Hare International Airport after he refused to give up his seat to make room for a crew member, a official confirmed Wednesday.
Madoff trustee recoups $687 million in biggest settlement since 2011
NEW YORK (Reuters) – The trustee recovering money for Bernard Madoff’s victims on Wednesday announced his biggest settlement in six years, recouping $687 million from an Irish fund that began sending client money to the imprisoned Ponzi schemer in the …
Fed sees pickup in economic growth, but inflation remains muted
WASHINGTON (Reuters) – The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday.
