Oil stable on expected OPEC cut extension, drop in U.S. inventories
LONDON (Reuters) – Oil prices traded largely flat on Friday, supported by expectations of an extended OPEC-led production cut and falling U.S. crude inventories but capped by concerns over global oversupply.
Target to test next-day delivery service in Minneapolis
(Reuters) – Target Corp plans to test a next-day home delivery service called Target Restock in the Minneapolis area, the company said in a blog post on Monday.
Reflation trades back on as stock volatility is crushed
LONDON (Reuters) – European stocks and bond yields rose on Tuesday, boosted by historically low stock market volatility, continuing relief from this weekend’s French presidential election and solid corporate earnings.
U.S. regulators look at Volcker Rule, a sign they hear Wall Street
WASHINGTON (Reuters) – U.S. financial regulators on Monday discussed the Volcker rule governing banks’ speculative trading, tackling one of Wall Street’s biggest concerns and a sign President Donald Trump’s administration is listening to banks’ wishes …
J&J discloses U.S. probe related to arthritis drugs
(Reuters) – Healthcare conglomerate Johnson & Johnson said on Monday the U.S. Justice Department has opened an investigation concerning management and advisory services provided to rheumatology and gastroenterology practices that bought two of its drugs.
Verizon does not feel pressure to do big deal: CEO
NEW YORK (Reuters) – Verizon Communications Inc does not see an urgent need to undertake a big strategic merger or acquisition, its chief executive said on Monday, as some Wall Street analysts have urged the wireless company to do.
Trump review of Wall Street rules to be done in stages: sources
NEW YORK/WASHINGTON (Reuters) – The U.S. government’s review of a landmark 2010 financial reform law will not be complete by early June as originally targeted, and officials will now report findings piece-by-piece, with priority given to banking regula…
Anthem argues for 60 days to save merger with balky Cigna
WILMINGTON, Del./WASHINGTON (Reuters) – Health insurer Anthem Inc asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp , which is seeking to end the deal and collect a $1.85 billion break-up f…
Property, merger bets dominate picks at Sohn conference
NEW YORK (Reuters) – Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ide…
Sinclair Broadcast to buy Tribune Media for about $3.9 billion
(Reuters) – Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co , one of the largest U.S. television station operators, for about $3.9 billion, giving Sinclair a greater foothold in big broadcast markets like New York and Chicago…
