Global shares lock in bumper first quarter, dollar eyes best week of year
LONDON (Reuters) – World stocks dipped on Friday as investors locked in some of the more than 6 percent gain that has given them their best start to year since 2012, while the dollar inched toward what could be its strongest week of 2017 so far.
Toshiba offered $17.9 billion for chip unit by Silver Lake and Broadcom: Nikkei
TOKYO (Reuters) – U.S. private equity firm Silver Lake Partners LP [SILAK.UL] and U.S. chipmaker Broadcom Ltd have offered Toshiba Corp about 2 trillion yen ($17.9 billion) for its chip unit, the Nikkei business daily reported on Friday.
Wells Fargo must face litigation on defective mortgages: U.S. judge
NEW YORK (Reuters) – A federal judge on Thursday said Wells Fargo & Co must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities.
FCC to reverse rules on TV station purchases
WASHINGTON (Reuters) – The U.S. Federal Communications Commission said on Thursday it would vote in April to reverse a 2016 rule adopted by the Obama administration that limits the number of television stations some companies can buy.
Trump helps make cross-border M&A great again
(Reuters) – Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. President Donald Trump’s economic agenda buoyed the stock market and the dollar, making foreign acquisitions cheaper than some U.S. targets.
Sour Lululemon results may signal squeeze for athletic leisure lines
(Reuters) – The steep drop in Lululemon Athletica’s stock price, following a sales warning that resulted from poor color choices in the company’s spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Cana…
Uber settles with Pennsylvania regulator following record fine
(Reuters) – Uber Technologies Inc has reached a settlement with Pennsylvania’s taxi regulator to end the ride-sharing company’s appeal of a record $11.4 million fine for operating illegally.
FCC to vote to reform $45 billion business data market
WASHINGTON (Reuters) – The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others.
Quebec minister sees public issue in Bombardier’s executive pay rises
MONTREAL/QUEBEC CITY (Reuters) – Bombardier Inc should consider its decision to award top executives pay rises of up to 50 percent in light of a public backlash at a time when the company has laid off thousands of employees, Quebec’s economy minister …
U.S. judge clears Toshiba’s Westinghouse to tap bankruptcy loan
(Reuters) – A U.S. bankruptcy judge on Thursday cleared Westinghouse Electric Co, a unit of Japan’s Toshiba Corp , to borrow an initial $350 million to support the company’s global operations while it restructures operations.
