With Whole Foods, Amazon on collision course with Wal-Mart
CHICAGO/SAN FRANCISCO (Reuters) – When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment – the world’s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Am…
Republicans debating remedies for corporate tax avoidance
WASHINGTON (Reuters) – President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.
Airbus A380 upgrade waits in the wings at Paris Airshow
PARIS (Reuters) – Airbus is preparing to roll out a novel A380 wingtip design to rally support for the world’s largest passenger jet by improving its fuel efficiency, according to a prototype seen on Saturday.
Egypt signs $575 million agreement with GE for 100 locomotives
CAIRO (Reuters) – Egypt signed a $575 million agreement with General Electric Co on Saturday for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains, the government said…
Iran sees gas deal with Total within weeks: minister
DUBAI (Reuters) – Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday.
China’s CALC joins line-up for Boeing 737 MAX 10: sources
PARIS (Reuters) – China Aircraft Leasing Group Holdings (CALC) is among the inaugural customers for a larger new version of Boeing’s 737 jetliner, two industry sources said on Saturday.
Tech to see bump in growth weighting in Russell rejig
NEW YORK (Reuters) – The largecap technology sector is expected to see a bump in its growth weighting when index provider FTSE Russell completes the annual refresh of its benchmarks next Friday, a move that could lift tech shares targeted in the rejig….
Toronto’s Trump tower could get new name: sources
TORONTO/MONTREAL (Reuters) – Marriott International Inc’s St. Regis brand is the lead bidder to take over the brand and management rights of a downtown Toronto high-rise bearing the name of U.S. President Donald Trump, two people with knowledge of the …
Hedge fund called ‘greedy bastards’ by Whole Foods CEO would make $300 million on sale
(Editor’s Note: please be advised that headline and paragraph 7 contain language that some readers may find offensive)
Weak inflation erodes conviction at Fed on rate hikes
DALLAS/WASHINGTON (Reuters) – When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. Fed officials on Friday signaled that doubts are simmering.
