South Korea, U.S. fail to reach agreement on possible revision to FTA deal
SEOUL (Reuters) – South Korean and U.S. officials failed to agree on Tuesday on how to move forward on discussions over their five-year-old free trade agreement that Washington is seeking to change to help cut its trade deficit with Asia’s fourth-large…
Ford, China’s Zotye Auto plan JV to build electric vehicles
SHANGHAI (Reuters) – Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world’s top auto market.
European stocks break three-day losing streak
LONDON (Reuters) – European stocks broke a three-day losing streak on Tuesday, building on gains in other markets and boosted by rising commodity prices.
Hedge fund manager Dalio cuts risk amid worries about Washington
BOSTON (Reuters) – Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing political and economic divisions.
Macy’s to restructure merchandising unit, cut 100 jobs
(Reuters) – Department store chain Macy’s Inc said on Monday it would restructure its merchandising operations, which could result in about 100 job cuts.
Lockheed wins $427 million U.S. defense contract: Pentagon
WASHINGTON (Reuters) – Lockheed Martin Corp and its Lockheed Martin Aeronautics Co subsidiary are being awarded a $427 million order for ancillary military equipment and pilot flight equipment for some F-35 Joint Strike Fighter aircraft, the Pentagon …
Citigroup taps Goldman activist defense banker for global role
NEW YORK (Reuters) – Citigroup named Muir Paterson to head the bank’s global team of bankers advising companies on activist shareholders, the bank announced on Monday.
ADP rejects new board candidates, Ackman fires back
(Reuters) – Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman’s three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm.
Yahoo owes millions for busting NCAA tournament bracket deal: court
(Reuters) – Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett…
U.S. funds get tougher on climate and diversity, but not CEO pay
BOSTON (Reuters) – Even as top U.S. asset managers BlackRock Inc and State Street Corp pressed companies on climate and diversity issues this year, they made few waves on another area of corporate governance: CEO pay.
