With bylaw tweaks, Apple grants activist one of three wishes
BOSTON/SAN FRANCISCO (Reuters) – Apple Inc’s board relaxed some rules for director nominations by outside investors but stopped short of broader changes sought by an activist shareholder.
Exclusive: Foreign banks in Britain pay fraction of tax rate
LONDON (Reuters) – Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a Reuters analysis of regulatory fi…
Sky’s not the limit for European media mergers
LONDON (Reuters) – Rupert Murdoch’s bid for Britain’s Sky is expected to drive traditional European media players to do their own deals to attain the scale they need to compete with online platforms like Netflix for increasingly costly programs.
European stocks reach new high; dollar’s post-Fed rally pauses
LONDON (Reuters) – European stocks climbed to an 11-month high on merger and acquisition speculation on Friday, while the dollar’s rally paused as investors adjusted their portfolios to cope with any faster-than-expected increases in U.S. interest rate…
Oil rises on signs of producers’ compliance with output cuts
LONDON (Reuters) – Oil rose on Friday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output.
Exclusive: Bollore, Chinese and U.S. firms bid for Spain’s Mediapro – sources
MADRID (Reuters) – French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset .
‘Trump trade’ drives ninth biggest weekly rush to stocks: BAML
LONDON (Reuters) – Global equity funds received $21 billion in the past week – their ninth-biggest inflow ever – as investors embraced the ‘Trump trade’, while money flowed out of bonds for seventh week in a row, Bank of America Merrill Lynch said on F…
Generali not planning sale of French assets to Allianz: sources
MILAN (Reuters) – Assicurazioni Generali does not intend to sell its French business, three people close to the situation said on Friday, following a report that German rival Allianz was in talks with Italy’s biggest insurer about a sale.
Linde Praxair deal has higher chance this time: IG Metall
MUNICH (Reuters) – Germany’s Linde and United States rival Praxair’s latest attempt to strike a deal has a higher chance of success thanks to extensive assurances about preserving German sites, a top German union representative told Reuters.
Lufthansa pilots agree to mediated talks in pay dispute
FRANKFURT (Reuters) – Lufthansa and German pilots’ union Vereinigung Cockpit have agreed to mediated talks to resolve a row over contracts dating back to 2012, averting the threat of further strikes for a few more weeks, the two parties said on Friday…
