Halliburton sees North America customers ‘tapping the brakes’
(Reuters) – Halliburton Co reported impressive second quarter results on Monday but warned the growth in North American rig count was “showing signs of plateauing”, sending shares down as much as 4.2 percent.
KKR has eye on health with WebMD, Nature’s Bounty deals
(Reuters) – Private equity firm KKR & Co has agreed to buy WebMD Health Corp for about $2.8 billion, bringing a slew of popular online health information websites under one umbrella, and separately said it would buy a major stake in Nature’s Bounty Company.
Rebuffed Elliott wants urgent Akzo response on new CEO
LONDON/AMSTERDAM (Reuters) – Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to respond urgently to its concerns about the nomination of a new chief executive.
Exclusive: Spotify, Warner hope to clinch royalty deal by September – sources
LONDON (Reuters) – Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation…
VEON names former Xerox CEO Ursula Burns as chairwoman
FRANKFURT (Reuters) – VEON named former Xerox chief Ursula Burns as its chairwoman on Monday, as the telecoms operator undertakes corporate governance reforms and a makeover as a global online services company.
Samsung takes aim at TSMC with plans to triple chip foundry market share
YONGIN, SOUTH KOREA (Reuters) – Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drive…
Democrats take aim at big companies in economic blueprint
WASHINGTON (Reuters) – U.S. Democrats are unveiling an economic platform on Monday that they call “A Better Deal” for working Americans by announcing plans to address unfair market competition, rising pharmaceutical costs and stagnant wages.
VW calls crisis meeting to discuss EU cartel probe: source
BERLIN/FRANKFURT (Reuters) – Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday.
European banks struggle to solve toxic shipping debt problem
LONDON (Reuters) – Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.
U.S. chicken processor profits fatten on cheap feed
CHICAGO (Reuters) – U.S. meat producers are earning some of the highest profit margins in more than a decade, a bright spot for investors in agriculture, where grain farmers and trading companies are struggling to make money after years of massive over…
