Toshiba willing to talk with spurned Western Digital about chip unit sale
TOKYO (Reuters) – Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate’s prized chip unit – an apparent olive branch after it chose another suitor as preferred bidder.
Critics say Whole Foods deal would give Amazon an unfair advantage
WASHINGTON (Reuters) – While antitrust experts expect Amazon.com Inc’s bid for Whole Foods Market Inc to win regulatory approval, some critics argue the deal should be blocked because it gives the online retailer a nearly unstoppable head start towar…
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
WASHINGTON/NEW YORK (Reuters) – The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said…
Parent of Burger King, Tim Hortons to curb antibiotics in chicken
LOS ANGELES (Reuters) – The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bact…
Airbus’ Leahy reveals negotiating tricks after ‘last air show’
PARIS (Reuters) – Airbus sales chief John Leahy, one of the dominant figures of modern aviation, hinted on Thursday he would retire this autumn, as he wrapped up what he said would be his last air show by revealing a few precious negotiating tricks.
Unilever shows innovation still intact with ‘once-in-a-decade’ laundry soap
PORT SUNLIGHT, England (Reuters) – Nearly three months after Unilever CEO Paul Polman promised shareholders greater returns coupled with investments to drive growth, the launch of what it calls the biggest laundry breakthrough in a decade will be a k…
U.S. health sector hits record high on Senate bill, biotech rally
NEW YORK (Reuters) – U.S. healthcare stocks posted sharp gains on Thursday, with hospitals and insurers climbing after Senate Republicans released a draft bill to replace Obamacare, while a recent surge in biotechnology shares showed no signs of slowin…
Exclusive: Amazon to charge $2.8 million for NFL ad packages – sources
NEW YORK (Reuters) – Amazon.com Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming season, two peop…
U.S. regulators, lawmakers support Volcker rule revamp at hearing
WASHINGTON (Reuters) – U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks’ ability to make bets with their own money, needs to be reconsidered.
CEO Zuckerberg tweaks Facebook mission to focus on groups
SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg revised the world’s largest online social network’s mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups.
