Toshiba, Western Digital trade barbs in spat over chip unit auction
TOKYO (Reuters) – Western Digital said on Thursday it is still seeking arbitration in a dispute with Toshiba Corp over the auction of its prized chip unit, arguing that a transfer of assets by the Japanese firm had not resolved what it calls a serious…
Wild swings, lack of liquidity keeping U.S. funds out of bitcoin
NEW YORK (Reuters) – A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs.
Reckitt’s food sale kicked off without private equity – sources
LONDON (Reuters) – The sale of Reckitt Benckiser Group’s North American food business, which could fetch more than $3 billion, has kicked off with information packages going out to industry players, according to sources familiar with the matter.
New York Times offers buyouts, scraps public editor position
(Reuters) – The New York Times Co said on Wednesday it was offering buyouts to its newsroom employees to streamline production systems and reduce the number of editors.
U.S. pending home sales fall; housing market recovery intact
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell for a second straight month in April amid a supply squeeze, but the housing market recovery remains supported by a strong labor market.
U.S. companies sign billions in deals with Vietnam
SEATTLE/WASHINGTON (Reuters) – U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States.
German court dismisses General Atomics suit over Heron drone order
DUESSELDORF, Germany (Reuters) – A German court on Wednesday dismissed a legal challenge from U.S. weapons maker General Atomics to Germany’s plans to lease armed drones from Israel Aerospace Industries, clearing the way for the drone program to go ahe…
U.S. coal stocks fall; exit from climate deal may hurt, not help
NEW YORK/LOS ANGELES (Reuters) – U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change.
Bank of America CEO talks down second-quarter expectations
(Reuters) – Bank of America Corp second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, according to comments from Chief Executive Brian Moynihan on Wednesday…
JPMorgan second quarter market revenue down 15 percent vs year earlier – CFO
NEW YORK (Reuters) – Markets revenue at JPMorgan Chase & Co has been down about 15 percent so far in the second quarter from a year earlier, Chief Financial Officer Marianne Lake said on Wednesday.
