Sprint hints at deal prospects, shares surge
NEW YORK (Reuters) – Sprint Corp shares jumped 11 percent on Tuesday after its chief executive said an announcement on merger talks should come in the “near future” and the company reported a quarterly profit for the first time in three years.
Pfizer revenue misses on lower Prevnar, Enbrel sales
(Reuters) – Pfizer Inc reported quarterly revenue on Tuesday that missed Wall Street estimates, driven by lower demand for its rheumatoid arthritis treatment Enbrel and pneumonia vaccine Prevnar.
The energy patch: where rights offerings are ‘sexy’ again
WILMINGTON, Del./CHICAGO (Reuters) – Energy businesses that are trying to exit bankruptcy are finding a savior in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts.
Caterpillar CFO Brad Halverson to retire in early 2018
(Reuters) – Caterpillar Inc said on Tuesday its Chief Financial Officer Brad Halverson would retire in early 2018, after spending nearly three decades with the world’s largest construction and mining equipment maker.
Thomson Reuters’ second-quarter profit tops estimates
NEW YORK (Reuters) – Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share.
Abu Dhabi gives new deadline as 1MDB misses $600 million payment
ABU DHABI/HONG KONG (Reuters) – Abu Dhabi’s sovereign wealth fund has given 1Malaysia Development Berhad’s (1MDB) five days to make a $600 million payment, which the troubled Malaysian state fund failed to pay on Tuesday, further complicating a dispute…
European oil majors seek to harness U.S. offshore wind
LONDON (Reuters) – Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home.
Britain investigates British American Tobacco for corruption
LONDON (Reuters) – Britain has opened a formal investigation into suspicions of corruption at British American Tobacco (BAT) and its subsidiaries, nearly two years after allegations of bribery in Africa first surfaced.
Deutsche Bank seals deal with Land Securities for new London HQ
(Reuters) – Deutsche Bank has exchanged a pre-let agreement for its new City of London headquarters, the building’s developer Land Securities said on Tuesday.
PSA moves swiftly to stamp authority on Opel/Vauxhall
FRANKFURT (Reuters) – PSA Group put new managers in place at Opel and Vauxhall on Tuesday, completing a 2.2 billion euro ($2.6 billion) takeover which helps the French company to become Europe’s second-largest carmaker by sales.
