Meredith approaches Time Inc over potential merger: Bloomberg
(Reuters) – Media company Meredith Corp has contacted Time Inc to express intent in a potential merger, Bloomberg reported, citing people familiar with the matter.
Possible Fed limits on Wall Street energy bets will be ‘harmful’: U.S. Chamber
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Thursday blasted the Federal Reserve’s regulatory work and called on the central bank to scrap a proposal to limit Wall Street’s energy bets and commodities investments.
Trump remains opposed to AT&T-Time Warner deal: Bloomberg
(Reuters) – Donald Trump remains opposed to AT&T Inc’s planned $85.4 billion acquisition of Time Warner Inc , Bloomberg reported, citing people close to the president-elect.
Viacom names global entertainment group COO
(Reuters) – Viacom Inc on Thursday named Sarah Levy, the chief operating officer of its Nickelodeon network, COO of its global entertainment group, as new Chief Executive Bob Bakish seeks to turn around the ailing media company.
GM’s Cadillac to start car subscription concierge service in NYC
DETROIT (Reuters) – General Motors Co on Feb. 1 will begin a $1,500-per-month on-demand concierge subscription service for Cadillac cars and SUVs in New York, a program it hopes will expand to major cities in the United States, Cadillac said on Thursd…
Dismal holiday sales at Macy’s and Kohl’s cast gloom over sector
(Reuters) – Disappointing holiday-season sales at Macy’s Inc and Kohl’s Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel.
Sales practices a key risk to banking system, says U.S. regulator
WASHINGTON (Reuters) – Wells Fargo’s phony account scandal has spurred a top U.S. bank regulator to count sales practices as a chief risk to the country’s banking system and to embark on a wide-sweeping review of large and mid-sized institutions.
Surge in orders boosts services sector; jobless claims tumble
WASHINGTON (Reuters) – U.S. services sector activity held at a one-year high in December as new orders surged, while the number of Americans filing for unemployment benefits fell to near a 43-year-low last week, suggesting the economy ended 2016 with s…
Mexico central bank sells $1 billion to prop peso after Trump slump: traders
MEXICO CITY (Reuters) – Mexico’s central bank sold dollars in Mexico and New York on Thursday to fight off the peso’s nose dive to record lows amid fears U.S. President-elect Donald Trump’s protectionist policies could further hammer Latin America’s se…
Exclusive: Nissan halts joint development of luxury cars with Daimler – sources
PARIS (Reuters) – Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shar…
