Loeb sees $20 billion more value from Dow-DuPont merger
(Reuters) – Activist investor Daniel Loeb’s Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger.
‘Fight for 15’ targets McDonald’s shareholder meeting
OAK BROOK, Ill. (Reuters) – Hundreds of fast-food workers demanding wage increases marched on Wednesday outside of the McDonald’s Corp headquarters in a Chicago suburb during the company’s annual shareholder meeting.
BNP Paribas to pay $350 million to settle New York currency-rigging probe
NEW YORK (Reuters) – French bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank’s profits at customers’ expense.
Linde, Praxair reach agreement on details of merger
FRANKFURT (Reuters) – German industrial gases group Linde and U.S. peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday.
Bitcoin soars above $2,400 to all-time high
(Reuters) – Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.
Home sales fall as tight supply boosts prices
WASHINGTON (Reuters) – U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
Analysts wary over Fiat Chrysler’s emissions but say not as bad as VW
MILAN (Reuters) – Any potential fines Fiat Chrysler (FCA) may need to pay to settle a U.S. civil lawsuit over diesel emissions will unlikely top $1 billion, analysts said, adding the case appeared less serious than at larger rival Volkswagen .
Citi struggles to bring back shine to its Mexican crown jewel
MEXICO CITY/NEW YORK (Reuters) – The newly refurbished Citibanamex branch in Mexico City’s affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The next room, though, is filled with …
S&P 500 hits record high close following Fed minutes
NEW YORK (Reuters) – U.S. stocks ended up slightly on Wednesday, with the S&P 500 hitting a record high close, after minutes of the Federal Reserve’s latest meeting showed policymakers view a rate hike coming soon.
German prosecutor says is in touch with U.S. authorities on Daimler
FRANKFURT (Reuters) – German prosecutors, who searched Daimler’s offices this week as part of an investigation into diesel pollution, are talking to U.S. authorities, the Stuttgart public prosecutor’s office said on Wednesday.
