Footwear retailers trampled as price war sparks concerns
(Reuters) – Shares of sporting goods retailers were pummeled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened investor concerns about a supply glut intensifying price wars in the industry.
Nestle defends ‘Kit Kat’ campaign against Atari ‘Breakout’ lawsuit
(Reuters) – Nestle SA on Friday paddled back claims in a new lawsuit in which Atari SA accused the Swiss food company of pilfering its classic 1970s video game “Breakout” to help sell Kit Kat chocolate-covered wafer bars.
AT&T considers sale of home security business: sources
(Reuters) – AT&T Inc is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc , people familiar with the matter said.
Swiss road agency bans new Porsche Cayenne registrations
ZURICH (Reuters) – Switzerland’s road agency on Friday imposed a preliminary ban on new registrations of Porsche Cayenne cars equipped with manipulated diesel engine management software.
Wall Street ends down after more White House turmoil
NEW YORK (Reuters) – U.S. stocks lost ground late to end lower on Friday following a White House-focused week that raised more questions about the Trump administration’s ability to implement its pro-growth agenda.
Top fund investors pumped brakes on fast-rising Tesla: filings
BOSTON (Reuters) – Top Tesla Inc investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year.
Future of Air Berlin’s Niki uncertain as Lufthansa begins talks
VIENNA (Reuters) – Austrian holiday airline Niki’s 850 employees braced for a bumpy ride as insolvent parent Air Berlin began talks on Friday to sell its assets before it runs out of cash.
Ukraine central bank warns of new cyber-attack risk
KIEV (Reuters) – The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June.
India threatens Philip Morris with ‘punitive action’ over alleged violations
NEW DELHI (Reuters) – The Indian government has threatened Philip Morris International Inc with “punitive action” over the tobacco giant’s alleged violation of the country’s anti-smoking laws, according to a letter sent to the company by the federal he…
Former Uber CEO says investor lawsuit a ‘public and personal attack’
SAN FRANCISCO (Reuters) – The ousted chief executive of Uber Technologies Inc [UBER.UL] rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit, according to court documents filed late …
