Glass Lewis says BlackRock CEO’s pay, performance misaligned
NEW YORK (Reuters) – Proxy adviser Glass Lewis recommended on Tuesday that BlackRock Inc shareholders “express their concern” regarding the world’s largest asset manager’s pay of its top executives, including CEO Larry Fink.
Oil bounces, world stocks hold near all-time highs
LONDON (Reuters) – Stocks fell in Europe as investors locked in gains on this year’s strong run, while oil prices rose after U.S. fuel inventories declined and Saudi Arabia cut supplies of crude to Asia by more than expected.
Exclusive: Abercrombie & Fitch fields takeover interest – sources
(Reuters) – U.S. teen apparel retailer company Abercrombie & Fitch Co is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday.
ESPN concerns drag on Disney, shares dip
(Reuters) – A decline in subscribers and higher programming costs at cash-cow ESPN weighed on shares of Walt Disney Co on Tuesday, overshadowing a quarterly profit that topped Wall Street estimates.
News Corp quarterly revenue beats on higher ad revenue
(Reuters) – News Corp reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its digital real estate business and growth in its advertising revenue.
Wal-Mart close to settlement with U.S. over alleged bribery: report
CHICAGO (Reuters) – Wal-Mart Stores Inc is preparing to pay about $300 million to settle a probe of bribery by its employees in markets including Mexico, India and China, Bloomberg reported on Tuesday, citing people familiar with the matter.
Apple tops $800 billion market cap for first time
NEW YORK (Reuters) – Apple Inc became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold.
Goldman ‘best positioned’ if Glass-Steagall Act returns: Blankfein to CNBC
(Reuters) – Goldman Sachs Group Inc is best positioned if the Glass-Steagall Act returns, Chief Executive Lloyd Blankfein said in an interview to CNBC on Tuesday.
U.S. Commerce’s Ross says 3 percent GDP growth not achievable this year
WASHINGTON (Reuters) – The U.S. economy will fall short of the Trump administration’s goal of 3 percent growth this year and will only achieve that when its regulatory, tax, trade and energy policies are fully in place, Commerce Secretary Wilbur Ross s…
U.S. gun stocks surge, Sturm Ruger results give bulls fresh ammo
SAN FRANCISCO (Reuters) – Shares of gun makers surged on Tuesday after Sturm Ruger & Company Inc’s quarterly results suggested demand is recovering following a steep sales drop after the election of Donald Trump as president.
