Samsung Elec rejects calls for holding company structure, for now
SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.
Oil edges up as Saudis cut supplies to U.S., but global glut remains
SINGAPORE (Reuters) – Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.
Twitter explores subscription-based option for first time
SAN FRANCISCO (Reuters) – Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some …
Amazon.com wins $1.5 billion tax dispute over IRS
(Reuters) – Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.
Saudi in ‘serious discussions’ with NYSE for Aramco IPO listing: foreign minister
WASHINGTON (Reuters) – Saudi Arabia is having “serious discussions” with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco’s IPO, the Saudi foreign minister told Fox News on Thursday.
For Goldman Sachs, a rare pass from shareholder resolutions
NEW YORK/BOSTON (Reuters) – For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate…
SEC charges two Israeli residents with Mobileye insider trading
NEW YORK (Reuters) – Two Israeli residents have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV before the maker of sensors and cameras for driverless vehicles agreed to be acquired by Intel Corp for $15….
Sears’ plan to sell brands no salve for financial woes
(Reuters) – Sears’ plan to avoid bankruptcy in part by selling off or licensing brands including Kenmore and DieHard may prove difficult because of changing consumer tastes and possible legal roadblocks.
U.S. Senate votes to overturn Obama broadband privacy rules
WASHINGTON (Reuters) – The U.S. Senate on Thursday voted narrowly to repeal regulations requiring internet service providers to do more to protect customers’ privacy than websites like Alphabet Inc’s Google or Facebook Inc .
State Department to approve Keystone pipeline permit on Friday: sources
WASHINGTON (Reuters) – The U.S. State Department plans to approve on Friday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two gov…
