Ackman pitches Howard Hughes, citing management and real estate locations
NEW YORK (Reuters) – Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more va…
Caisse withholds backing for Bombardier’s executive chairman
MONTREAL (Reuters) – Quebec’s biggest pension fund will not back Bombardier Inc Executive Chairman Pierre Beaudoin’s re-election bid, according to a letter published on Monday, in a rare public display of displeasure with the plane and train maker’s fo…
Gun maker stocks drop ahead of Sturm Ruger’s quarterly report
SAN FRANCISCO (Reuters) – Shares of Sturm Ruger & Company fell 3.7 percent on Monday ahead of its quarterly report, which will offer a glimpse of the health of gun makers following a steep drop in demand after the election of Donald Trump as president.
Fox News complainant meets UK regulator over Sky-Fox deal
LONDON (Reuters) – A woman who accused former Fox News presenter Bill O’Reilly of sexual harassment in the United States called on Britain on Monday to block Fox’s owner Rupert Murdoch from taking full control of Britain’s pay-TV group Sky .
Goldman names Lemkau, Nachmann to co-head investment banking
(Reuters) – Goldman Sachs Group Inc named M&A co-head Gregg Lemkau and financing group chief Marc Nachmann as co-heads of the firm’s global investment banking division, according to an internal memo on Monday.
Exclusive: German report raises concerns over A400M military readiness
BERLIN (Reuters) – A confidential report by the German Defence Ministry has warned that technical challenges and contractual wrangling with Airbus could impair full operational use of Europe’s A400M military transport plane.
Fed’s goals largely met, U.S. rate hikes on track: Mester
CHICAGO (Reuters) – The U.S. Federal Reserve has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, so it should continue raising interest rates, Cleveland Fed President Loretta Mester said on Monday….
Wall Street flat; fear barometer falls to 1993 low
(Reuters) – The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street’s “fear gauge” dropped to its lowest in over two decades following centrist Emmanuel Macron’s victory in the French presidential election.
OPEC, non-OPEC discuss extending supply cut by nine months or more: sources
DUBAI/LONDON (Reuters) – OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output increase in the first quarter of next year, when demand is expected to be weak, OPEC and in…
Buffett’s ‘carnival’ draws shoppers and the sleep-deprived
OMAHA, Neb. (Reuters) – Katie Ryerson and her father took a train from their hometown of Columbus, Ohio, to Omaha, Nebraska, for her first Berkshire Hathaway Inc shareholder meeting, a weekend the conglomerate’s billionaire chief Warren Buffett calls …
