After Macau and Vegas, investors ask what’s next for Australia’s Packer
SYDNEY (Reuters) – A decade ago, Australian billionaire James Packer had a clear, if unconventional, strategy: to turn his father’s established television-to-newspaper conglomerate into a casino empire, tapping Asia’s richest gamblers.
Exclusive: Banks forced to cover tracks of China’s forex regulator
SHANGHAI (Reuters) – China’s forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan’s prospects to themselves, several bankers said.
Boeing internal memo sets details of engineer layoffs in 2017
SEATTLE (Reuters) – Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of a cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales.
Exclusive: Regulators criticize banks over Uber loan – sources
(Reuters) – Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc [UBER.UL] this past summer, according to people with knowledge of the matter.
S&P ends flat as healthcare advance offset by lower oil
NEW YORK (Reuters) – The S&P 500 ended the day unchanged on Tuesday as lower oil prices hurt energy stocks, offsetting advances in healthcare and financial sectors, while the Nasdaq ended at another record high.
Ford affirms 2017 to be less profitable than 2016
DETROIT (Reuters) – Ford Motor Co on Tuesday confirmed that it would be less profitable in 2017 than last year, even as cross town rival General Motors Co on the same day gave a much more upbeat forecast that surpassed Wall Street expectations.
American Apparel’s ‘made in U.S.’ heritage uncertain after deal
MONTREAL/NEW YORK (Reuters) – American Apparel LLC’s made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash.
EU privacy proposal could dent Facebook, Gmail ad revenue
BRUSSELS (Reuters) – Online messaging services such as WhatsApp, iMessage and Gmail will face tougher rules on how they can track users under a proposal presented by the European Union executive on Tuesday which could hurt companies reliant on advertis…
Automakers tout new diesels despite Volkswagen’s troubles
DETROIT (Reuters) – Automakers unveiled several new diesel models at the Detroit auto show this week, hoping to dispel the doubts created by Volkswagen’s diesel emissions scandal and revive interest in a technology that offers benefits under fuel econo…
Wal-Mart plans to cut hundreds of jobs this month: WSJ
(Reuters) – Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation.
