Trump picks Boeing executive Shanahan to become Pentagon’s No.2
WASHINGTON (Reuters) – Senior Boeing executive Patrick Shanahan is U.S. President Donald Trump’s nominee to take over the No. 2 role at the Pentagon as deputy U.S. defense secretary, the White House announced on Thursday.
3M to buy Johnson Controls’ safety gear business for $2 billion
(Reuters) – 3M Co said on Thursday it would buy Johnson Controls International Plc’s safety gear business, Scott Safety, in deal with an enterprise value of $2 billion.
U.S. housing, factory data underscore economy’s resilience
WASHINGTON (Reuters) – U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the fir…
British regulator to investigate Sky takeover by Murdoch’s Fox
LONDON (Reuters) – The British government has referred Rupert Murdoch’s planned 11.7 billion pound ($14.4 billion) takeover of European pay-TV group Sky to regulators to decide if the deal is in the public interest.
Hyundai recalling nearly 1 million Sonata cars in U.S.: regulator
DETROIT (Reuters) – Hyundai Motor Co will recall about 978,000 Sonata cars in the United States because of a seat belt glitch that has led to one minor injury, according to a report filed on Thursday by the South Korean automaker with U.S. regulators.
Hedge funds to reap big stock gains from bankruptcy of coal miner Peabody
CHICAGO/WILMINGTON, Del (Reuters) – When leading U.S. coal miner Peabody Energy Corp emerges from bankruptcy next month, a group of seven investment funds could reap hundreds of millions of dollars in gains from an unusual sale of discounted company s…
Wall Street slips with healthcare stocks, Nasdaq flat
NEW YORK (Reuters) – U.S. stocks slipped on Thursday pressured by healthcare shares as traders cashed in gains from one of the best performing sectors so far this year.
Dollar General beats sales estimates, to hike store managers’ pay
(Reuters) – U.S. discount retailer Dollar General Corp reported better-than-expected quarterly sales and said it would raise wages for store managers, replicating similar moves by larger retailers such as Wal-Mart .
German prosecutors search Audi for second day in emissions probe
MUNICH (Reuters) – German investigators searched Audi offices for a second day on Thursday in connection with the emissions scandal still rocking parent Volkswagen , according to the Munich prosecutor’s office.
Fed rate moves could spell end to Asian easing
SINGAPORE (Reuters) – The long cycle of falling interest rates in Asia could be over after the U.S. Federal Reserve’s third rate rise in 15 months was followed quickly by monetary tightening in the world’s second-biggest economy, China.
