No more quiet chats? Australia becomes new frontier for shareholder disruption
SYDNEY/LONDON (Reuters) – As BHP Billiton fends off the attention of Elliott Management, activist funds are targeting other Australian firms, shaking up a corporate culture that has long favored quiet chats over splashy headlines.
Fed policymakers in tug-of-war on inflation, instability
SAN FRANCISCO/WASHINGTON (Reuters) – The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the U.S. central bank over how fast to proceed on future interest-rate hikes.
China shares get MSCI nod in landmark moment for Beijing
NEW YORK/HONG KONG (Reuters) – China’s stocks took a major step toward global acceptance on Wednesday, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.
Whirlpool CEO Fettig to step down, COO Bitzer named as successor
DETROIT (Reuters) – Whirlpool Corp , the world’s largest maker of home appliances, said on Tuesday that Jeff Fettig will step down on Oct. 1 after 13 years as chief executive and will be replaced by the firm’s current chief operating officer, Marc Bitz…
Cisco adds subscription services to its core networking business
SAN FRANCISCO (Reuters) – Cisco Systems Inc’s core networking business on Tuesday took its first step into the market of subscription services, announcing a suite of new security and automation tools for big businesses.
U.S. judge faults CFPB ‘indifference’ toward Sprint settlement
NEW YORK (Reuters) – A federal judge on Tuesday faulted the U.S. Consumer Financial Protection Bureau’s apparent “indifference” toward how to distribute money left over from its 2015 settlement with Sprint Corp over unauthorized customer charges.
FedEx profit beats as demand rises across businesses
(Reuters) – FedEx Corp reported a higher-than-expected quarterly profit, as the package delivery company benefited from its TNT Express acquisition and higher sales across its express, ground and freight business units.
Adobe’s Creative Cloud fuels profit beat, shares surge
(Reuters) – Adobe Systems Inc reported a better-than-expected quarterly profit as the company benefited from more customers subscribing to its Creative Cloud package, which includes the popular photo-editing software Photoshop.
Exclusive: China problems force Aston Martin into global recall of 1,658 cars
BEIJING (Reuters) – British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its …
Crisis-era fraud charges haunt Barclays as rivals move on
LONDON (Reuters) – Criminal charges over Barclays’ fundraising in the 2008 financial crisis add to the bank’s legal battles in key markets just as rivals are leaving their troubles from that period behind.
