India’s Infosys says reassessing long-term goals due to tougher market
Bengaluru (Reuters) – Infosys Ltd, India’s second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear “daunting”, the company’s chairman said on Saturday.
Oil’s drop could leave a stain on earnings
NEW YORK (Reuters) – Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.
Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery
(Reuters) – If Amazon.com Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.
SeaWorld subpoenaed on disclosures about ‘Blackfish’ impact, trading
(Reuters) – SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the “Blackfish” documentary and trading in the company’s sec…
Anthem to pay record $115 million to settle U.S. lawsuits over data breach
(Reuters) – Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlemen…
VW ex-manager should stay in Germany: lawyer in Bild
BERLIN (Reuters) – A lawyer for one of the former Volkswagen managers sought in the United States in connection with the carmaker’s diesel emissions-cheating scandal has advised him not to leave Germany, she told a German daily.
Italy to start winding down Veneto banks Saturday after EU green-light
MILAN/FRANKFURT (Reuters) – The European Commission on Friday gave preliminary approval for an Italian plan to wind down two ailing Veneto-based regional lenders with state money in a move that may allow Rome to solve its latest banking crisis on its …
Exclusive: Eddie Bauer to explore options including sale – sources
(Reuters) – Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.
Exclusive: Wal-Mart not considering a bid for Whole Foods – source
(Reuters) – Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.
DBRS downgrades Cenovus after ConocoPhillips deal
CALGARY, Alberta (Reuters) – Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company’s acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal.
