Western Digital seeks court injunction to block sale of Toshiba chip unit
TOKYO (Reuters) – Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the U.S. firm’s consent – a move that threatens to throw the fiercely contested auction into disarray.
Growth worries push stocks lower, Fed hike lifts dollar
LONDON (Reuters) – Stocks fell in Europe and Asia on Thursday as investor concern over the pace of U.S. economic growth overshadowed a widely telegraphed rise in Federal Reserve interest rates that lifted the dollar off recent lows.
China Aircraft Leasing buys 50 Boeing aircraft for $5.8 billion
HONG KONG (Reuters) – China Aircraft Leasing Group Holdings Ltd said it would buy 50 Boeing 737MAX series aircraft from Boeing for an aggregate list price of $5.8 billion, to meet demand for more efficient aircraft while expanding its fleet portfolio…
Uber’s open COO job in the spotlight amid leadership void
SAN FRANCISCO (Reuters) – With Chief Executive Travis Kalanick taking a leave of absence from Uber Technologies Inc, the vacant job of chief operating officer takes on a lot more importance as the company frames the position as key to solving its woes….
Divide over listing location slows Aramco IPO: WSJ
(Reuters) – Saudi Aramco’s planned 2018 public share offering is being slowed down by a divide between Saudi Arabia’s ruling family and executives of the kingdom’s state oil company over where to list its shares, the Wall Street Journal reported on We…
Avon CEO expected to step down: WSJ
(Reuters) – Avon Products Inc Chief Executive Sheri McCoy is expected to step down, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Fed raises rates, unveils balance sheet cuts in sign of confidence
WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy a…
U.S. regulators still reviewing Fiat Chrysler diesel vehicle fix: lawyer
WASHINGTON (Reuters) – A U.S. Justice Department lawyer said at a court hearing on Wednesday it could take “weeks or months” before regulators decide whether to approve a software fix for Fiat Chrysler Automobiles NV diesel vehicles.
Morgan Stanley CEO says Saudi Arabia could be ‘major opportunity’
(Reuters) – Morgan Stanley CEO James Gorman said Saudi Arabia could be a “major opportunity” for the firm as the country unveiled plans for oil giant Saudi Aramco’s $100 billion initial public offering and introduced a series of reforms to attract for…
Exclusive: SeaWorld shareholders vote to remove chairman – sources
NEW YORK (Reuters) – SeaWorld Entertainment Inc shareholders voted against the re-election of its chairman on Wednesday, according to people familiar with the matter, after investors revolted against a bonus incentive payout.
