Washington Post software deal a double win for Bezos
(Reuters) – Billionaire Jeff Bezos scored a double win this week as the Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell web publishing tools mostly hosted by Amazon.com Inc , the company he founded and runs…
Focus firmly on Fed, oil pulls out of dive
LONDON (Reuters) – Markets focused on what is expected to be a third rise in U.S. interest rates since the financial crisis later on Wednesday, while there was also relief in commodity markets as oil pulled out of a six-day dive.
Toshiba offers memory chip shares as collateral for loans: sources
TOKYO (Reuters) – Japan’s crisis-racked Toshiba Corp has offered shares in its memory chip unit to creditors as collateral to secure debt refinancing, people briefed on the matter said on Wednesday.
China’s Anbang denies report of Kushners property investment
NEW YORK (Reuters) – China’s Anbang Insurance Group [ANBANG.UL] said it is not investing in a Manhattan office tower owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser.
China e-commerce confusion catches Australian retailers on the hop
SYDNEY/BEIJING (Reuters) – Australian retailers and manufacturers are rejigging their business models and reviewing strategies to sell goods into China amid confusion over a threatened government crackdown on e-commerce platforms.
McDonald’s, late to mobile ordering, seeks to avoid pitfalls
CHICAGO (Reuters) – McDonald’s Corp has begun testing its long-awaited U.S. mobile ordering app, with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as Starbucks Corp.
Valeant shares fall as Ackman exit highlights company’s challenges
BOSTON (Reuters) – Valeant Pharmaceuticals Inc’s stock price fell to its lowest level in eight years on Tuesday after the abrupt exit of its biggest supporter put renewed focus on the Canadian company’s most pressing problem: raising capital to cut its…
Euronet Worldwide trumps Ant Financial’s offer to buy MoneyGram
(Reuters) – U.S. electronic payments company Euronet Worldwide Inc launched a $1 billion bid for rival MoneyGram International Inc on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China’s Ant Fina…
Gap names Breitbard as Banana Republic head
(Reuters) – Gap Inc on Tuesday named Mark Breitbard as chief executive of its Banana Republic unit, as the retailer looks to revamp the brand, which has been struggling with sales declines.
AIG asked CEO Hancock to resign to avoid battle with Icahn: WSJ
(Reuters) – American International Group Inc’s decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter….
