Confident Snap brushes off concerns on second day of IPO roadshow
NEW YORK (Reuters) – Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a “once in a generation foun…
Wal-Mart helps Wall Street’s record-setting rally march on
(Reuters) – U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump.
Aeromexico board says Delta offer for shares ‘fair’
MEXICO CITY (Reuters) – Grupo Aeromexico said on Tuesday that its board had determined that Delta Air Lines Inc’s offer to buy an additional 32 percent of its shares was fair.
Fannie, Freddie shares dive after U.S. appeals court ruling
(Reuters) – Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profi…
Icahn buys Bristol-Myers shares, adding to activist pressure
(Reuters) – Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company’s shares from a loss to more than 2 percent…
Verizon, Yahoo agree to lowered $4.48 billion deal following cyber attacks
(Reuters) – Verizon Communications Inc said on Tuesday it would buy Yahoo Inc’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company.
Wells Fargo fires four executives amid probe into account scandal
(Reuters) – Wells Fargo & Co has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday.
Carl Icahn takes stake in Bristol Myers: WSJ
(Reuters) – Activist investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co , the Wall Street Journal reported, citing people familiar with the matter.
Oil rises 1 percent as OPEC sees higher compliance with cuts
NEW YORK (Reuters) – Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC’s optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has w…
Wall Street challenges U.S. regulator over proposed commodities rule
(Reuters) – Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks’ ties to the sector….
