Political noise? Markets don’t care – it’s all about growth
LONDON (Reuters) – One of the biggest mysteries in global markets so far in the Trump era is the historically low level of volatility that has prevailed despite all the turmoil and uncertainty that analysts warned his victory would unleash.
LPC: Valeant refinancing on track despite Ackman stock sale
NEW YORK (Reuters) – Drugmaker Valeant Pharmaceuticals will not see any changes to its planned refinancing in the wake of billionaire William Ackman and his hedge fund Pershing Square selling its share of the company, sources said.
Unilever CEO urges UK to provide ‘level playing field’ after Kraft bid
LONDON (Reuters) – Fresh from defending Unilever against an unsolicited $143 billion takeover attempt by Kraft Heinz , CEO Paul Polman said the British government should ensure a level playing field for target companies.
Exclusive: Delta hires consultant to study refinery options – sources
NEW YORK (Reuters) – Delta Air Lines has hired a consultant to assess the impact on jet fuel prices if the carrier sells or closes the Philadelphia-area refinery it purchased five years ago to keep fuel affordable, two sources familiar with the process…
Connected or mechanical? TAG Heuer tries to bridge gap with module watch
BRUNNEN, Switzerland (Reuters) – Swiss watchmaker TAG Heuer, owned by LVMH , sought to appeal to tech geeks and traditionalists alike on Tuesday by launching a connected watch that lets wearers switch between a smart watch head and a traditional mechan…
Activist hedge fund opposes Walt Disney’s move on Disneyland Paris
LONDON/PARIS (Reuters) – An activist hedge fund has said it objects to plans by Walt Disney to take full control of debt-laden Paris theme park operator Euro Disney , according to a letter seen by Reuters.
Novartis wins U.S. approval for breast cancer drug; to compete with Pfizer’s Ibrance
ZURICH (Reuters) – Novartis has won U.S. Food and Drug Administration approval for Kisqali to treat postmenopausal women who have a difficult-to-treat form of breast cancer, challenging U.S. rival Pfizer’s Ibrance.
Debt-laden Neiman Marcus says exploring options, including sale
(Reuters) – Luxury fashion retailer Neiman Marcus Group said on Tuesday that it was exploring options, including changes to its capital structure or a sale, as it seeks relief from a swelling debt load amid renewed buyout interest from Hudson’s Bay Co …
Snapchat 2017 ad revenue forecast trimmed to $770 million: eMarketer
(Reuters) – The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday.
Volkswagen CEO says not ruling out merger talks with Fiat Chrysler
WOLFSBURG, Germany (Reuters) – Volkswagen Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler boss Sergio Marchionne, in a marked change of tone by the German carmaker toward its Italian-American pe…
