Amazon up ahead of Prime Day, new service hits Best Buy
NEW YORK (Reuters) – Amazon.com shares rose on Monday ahead of the world’s largest online retailer’s own version of Black Friday, while its new service to help set up ‘smart homes’ weighed on rival Best Buy Co Inc .
Fashion M&A, like a crop top, is hard to pull off
NEW YORK (Reuters) – Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age.
Buffett donates $3.17 billion to Gates charity, four others
(Reuters) – Warren Buffett on Monday donated roughly $3.17 billion of Berkshire Hathaway Inc stock to the Bill & Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune.
Investor says Martin Shkreli reminded him of ‘Rain Man’
(Reuters) – An investor in Martin Shkreli’s hedge fund testified on Monday that the former drug company executive, now on trial for securities fraud in federal court in New York, reminded him of Dustin Hoffman’s autistic character in the movie “Rain Ma…
Snap shares fall below $17 IPO price for first time
(Reuters) – Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company’s growth potential as it faces fierce competition.
Twitter lets users mute notifications from unknown accounts
(Reuters) – Twitter Inc , in its latest step to curb abusive behavior on its platform, rolled out new features on Monday to help users disable notifications from accounts that they want to avoid.
Honda confirms 11th U.S. death tied to ruptured Takata air bag inflator
WASHINGTON (Reuters) – Honda Motor Co said on Monday it had confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata Corp air bag inflator.
Google taps top law firms to fight EU regulatory battles: sources
(Reuters) – Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4-billion-euro ($2.7 billion) fine and the possibility of a second record sanction before the end of the year.
U.S. judge to name Feinberg as Fiat Chrysler diesel settlement master
WASHINGTON (Reuters) – A U.S. judge overseeing lawsuits against Fiat Chrysler Automobiles NV over its alleged excess diesel emissions said he intends to name well-known compensation expert Ken Feinberg to try to reach a settlement.
Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal
NEW YORK (Reuters) – Eleven members of Congress asked the U.S. Securities and Exchange Commission on Monday to stop the sale of the Chicago Stock Exchange to a group led by China-based investors, saying the regulator lacks the ability to monitor the fo…
