U.S. judge signs Peabody bankruptcy exit after environmental deal
CHICAGO (Reuters) – A U.S. judge formally approved Peabody Energy Corp’s plan to emerge from bankruptcy late Friday after the coal producer struck a settlement with the U.S. government over legacy environmental claims at a gold and metal mining subsid…
Post-Fed boost for small-cap stocks may be limited
NEW YORK (Reuters) – Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve’s decision to raise interest rates this past week, but strategists warn it will take more to make these pricey stocks outperform their larger brethren in t…
McDonald’s shareholders to weigh giving franchisees board seat
LOS ANGELES (Reuters) – McDonald’s Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain’s restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday.
Buffett’s pay rises; Berkshire urges rejection of shareholder proposals
(Reuters) – Warren Buffett’s compensation for running Berkshire Hathaway Inc edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world’s second-richest person safe.
Exclusive: Germany plans to buy six Lockheed C-130J aircraft for 900 million euros
BERLIN (Reuters) – The German government plans to buy six Lockheed Martin C-130J military transport planes for around 900 million euros ($966 million) starting in 2019 under a joint operating agreement with France, German government documents show.
Bombardier executive says canceling rail deal would cause ‘irreparable harm’
MONTREAL (Reuters) – Bombardier Inc would suffer “irreparable harm” to its global reputation if it loses a light train contract from a Toronto transportation agency, a senior company official said in recent court filings.
Wal-Mart asks Brazil suppliers to clarify alleged bribes to officials
SAO PAULO (Reuters) – Wal-Mart Stores Inc has asked suppliers in Brazil to clarify alleged cases of meatpackers bribing health officials to subvert inspections, the retailer said on Friday.
Porsche invests in tech services to offset possible sales decline
STUTTGART, Germany (Reuters) – Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.
House Democrat seeks interviews with Wells Fargo executives
WASHINGTON (Reuters) – The top Democrat on a key House of Representatives committee has demanded a chance to interview executives of Wells Fargo & Co , which has been embroiled in a scandal over fake accounts, because she said Republicans already had that opportunity in December.
U.S. investigates four insurers over Medicare payments
(Reuters) – The U.S. Justice Department has disclosed an investigation into four health insurers after a lawsuit accused them of defrauding Medicare by claiming patients were treated for conditions they did not have or received no treatment for.
