Sequoia Fund wins dismissal of lawsuit over huge Valeant stake
NEW YORK (Reuters) – A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International Inc , causing billions of d…
Fidelity, T. Rowe poised for gains on Snap IPO
BOSTON (Reuters) – Mutual funds run by Fidelity Investments and T. Rowe Price Group Inc could be poised for a quick win on the upcoming public debut of Snap Inc .
Boeing to open first European factory, to invest 20 million pounds
(Reuters) – Boeing Co said it would invest 20 million pounds ($24.98 million) to open its first production facility in Europe to make components for certain aircraft.
U.S. new home sales rebound; consumer sentiment dips
WASHINGTON (Reuters) – New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.
February U.S. auto sales seen up 0.6 percent: JD Power-LMC
(Reuters) – U.S. auto sales in February will increase less than 1 percent from a year earlier, even as consumer discounts remain at record levels, industry consultants J.D. Power and LMC Automotive said on Friday.
Airbus says no more cracks found in A400M engines
BERLIN (Reuters) – All A400M military transport plane engines affected by an order from European safety regulators have been inspected and no further cracks were found in their combustion chambers, a spokesman for manufacturer Airbus said on Friday.
Kraft’s shock bid triggers Unilever focus on short-term value
(Reuters) – Kraft Heinz’s bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company’s finance chief said on Friday.
On visit to London, Peugeot boss offers reassuring words on Vauxhall plants
LONDON (Reuters) – The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM’s European operations with union officials and politicians in London on Friday.
Wall Street edges higher to give Dow 11th straight record
NEW YORK (Reuters) – Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.
J.C. Penney holiday quarter sales drop, to shut 130-140 stores
(Reuters) – Department store operator J.C. Penney Co Inc reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low.
