GE saves money by delaying Boston HQ tower construction
(Reuters) – General Electric Co said it is delaying construction of the largest part of its new $200 million headquarters in Boston to save money as new Chief Executive John Flannery looks to curtail costs.
In tough retail landscape, Payless emerges as rare bankruptcy survivor
CHICAGO (Reuters) – Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused primarily on bricks-and-mortar sales at a time when e-commerce is casting an e…
Disney’s stock dips as streaming push unnerves some investors
(Reuters) – Walt Disney Co’s shares fell 5 percent on Wednesday to their lowest in eight months as investors doubted whether the world’s biggest entertainment company can succeed with its plan to launch its own streaming services rather than rely on N…
Sky investor Odey says Fox bid is losing appeal
LONDON (Reuters) – Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox’s attempt to take over Sky , saying the 11.7 billion-pound ($15.20 billion) offer undervalues the British pay TV broadcaster.
S&P closes barely lower despite North Korea tensions
NEW YORK (Reuters) – U.S. stocks clawed back losses late on Wednesday as investors appeared to brush off geopolitical concerns after falling in the wake of U.S. President Donald Trump’s “fire and fury” warning to North Korea.
Deutsche Boerse board discusses Plan B amid CEO investigation: WirtschaftsWoche
FRANKFURT (Reuters) – Deutsche Boerse’s supervisory board has discussed contingency plans in case CEO Carsten Kengeter has to step down amid an investigation over possible insider trading, German magazine WirtschaftsWoche reported on Wednesday.
Tribune Media’s profit misses as programming costs rise
(Reuters) – U.S. broadcaster Tribune Media Co , which agreed to be bought by Sinclair Broadcast Group Inc , reported a lower-than-expected quarterly profit, hurt by higher programming costs.
Shorting the short: Investors bet against Icahn’s oil refiner after biofuel trade
NEW YORK (Reuters) – Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy , in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour.
U.S. push for freer NAFTA e-commerce meets growing resistance
MEXICO CITY (Reuters) – A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com and eBay is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trad…
Germany’s FDP says Lower Saxony should sell $9 billion VW stake
BERLIN (Reuters) – Germany’s Free Democrats (FDP) party has called for the state of Lower Saxony to sell its $9 billion stake in Volkswagen , seizing on the emissions scandal at the carmaker as an opportunity to burnish its pro-business credentials ahe…
