Linde says acceptance period for Praxair merger starts
FRANKFURT (Reuters) – German industrial gases group Linde said the 10-week acceptance period for its proposed $74 billion merger with U.S. peer Praxair started on Tuesday and would run through Oct. 24.
German court sends challenge of ECB scheme to the European Court
FRANKFURT (Reuters) – Germany’s Constitutional Court declined to hear a challenge of the European Central Bank’s 2.3 trillion euro ($2.7 trillion)asset purchase scheme, referring the case instead to the European Court of Justice, it said on Tuesday.
China says it will defend interests if U.S. harms trade ties
BEIJING (Reuters) – China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized an inquiry into China’s alleged theft of intellectual pro…
Shares rally, yen and gold fall as Korea tensions ease
LONDON (Reuters) – Shares rose on Tuesday, while the Japanese yen and gold dropped after North Korea’s leader delayed a decision on firing missiles towards Guam, easing tensions and prompting investors to buy riskier assets.
U.S. wages seen growing faster than headline data suggest
SAN FRANCISCO (Reuters) – U.S. wages are on the rise at a pace that is probably faster than the topline data suggest, according to a leading labor economist at the U.S. central bank.
Shares in Herbalife, Nu Skin tumble as China cracks down on pyramid schemes
NEW YORK/SHANGHAI (Reuters) – Shares in U.S. multi-level marketing (MLM) companies Herbalife Ltd, NU Skin Enterprises Inc and USANA Health Sciences Inc tumbled in high volume on Monday after a Chinese government regulator announced a crackdown on pyram…
Costco owes Tiffany $19.4 million for fake Tiffany rings: U.S. judge
(This Aug. 14 story has been corrected to clarify the judge’s decision.)
Sears, Whirlpool win fee reduction in washer lawsuit
(Reuters) – A federal appeals court reduced by $2 million the legal fees that Sears Holdings Corp and Whirlpool Corp must pay to settle a class action lawsuit over defective washing machines. The reason: the case was not that complicated.
U.S. judge says LinkedIn cannot block startup from public profile data
SAN FRANCISCO (Reuters) – A U.S. federal judge on Monday ruled that Microsoft Corp’s LinkedIn unit cannot prevent a startup from accessing public profile data, in a test of how much control a social media site can wield over information its users have…
JPMorgan launches new algo-driven ‘dark pool’ for stocks
NEW YORK (Reuters) – JPMorgan Chase & Co has begun trading on a new private stock trading venue, or “dark pool,” that lets its clients use the bank’s algorithms to buy or sell stocks at a benchmark price reached over a period of time.
