Qatar Airways still pursuing American Airlines stake after code share hitch
(Reuters) – Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc even though the U.S. carrier is ending their code-share agreement.
Amtrak considering tighter airline-style economy class seating: executive
WASHINGTON (Reuters) – Outgoing Amtrak Co-chief Executive Wick Moorman said on Wednesday the money-losing U.S. passenger rail system is considering a less comfortable economy class of seats that could allow it to pack in more passengers.
DraftKings and FanDuel say merger will not lead to higher prices
WASHINGTON (Reuters) – Daily fantasy sports companies DraftKings and FanDuel defended their planned merger on Wednesday, saying the deal would not lead to higher prices for players.
Tech firms protest proposed changes to U.S. net neutrality rules
NEW YORK/WASHINGTON (Reuters) – Facebook Inc , Twitter Inc , Alphabet Inc and dozens of other major technology companies protested online on Wednesday against proposed changes to U.S. net neutrality rules that prohibit broadband providers from giving …
FDA panel backs Novartis’ pioneering new cancer gene therapy
(Reuters) – Novartis AG’s pioneering new cancer drug won enthusiastic support from a federal advisory panel on Wednesday, paving the way for approval of the first U.S. gene therapy.
Former Retrophin chairman says Martin Shkreli lied ‘to my face’
(Reuters) – Martin Shkreli was ousted as chief executive of drug company Retrophin Inc after disobeying directions from the board of directors and lying about it, the board’s former chairman testified at Shkreli’s securities fraud trial on Wednesday.
Blumenthal asks antitrust pick to discuss White House role in AT&T deal
WASHINGTON (Reuters) – Senator Richard Blumenthal, a member of the Judiciary Committee, said on Wednesday that he asked President Donald Trump’s top antitrust pick to meet to discuss any contact he has had with the White House regarding AT&T’s plan to merge with Time Warner .
Elliott tells court it was barred from seeking Oncor financing
WILMINGTON, Del. (Reuters) – An attorney for Elliott Management on Wednesday complained to a bankruptcy court judge that the owner of Texas’s largest power distribution business did not provide the investment fund with information needed to line up fin…
SEC Chairman signals plans to scale back corporate disclosure rules
(Reuters) – Wall Street’s top U.S. regulator on Wednesday signaled support for potentially scaling back the scope and breadth of disclosure rules and compliance costs imposed on public companies, in an effort to entice more companies to go public.
Generali puts $50 billion German life portfolio on block: sources
FRANKFURT/LONDON (Reuters) – Italy’s Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said.
