Alaska Air wins U.S. antitrust approval for Virgin deal with conditions
WASHINGTON (Reuters) – Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tues…
A shift from yoga pants may leave Lululemon investors in a sweat
SAN FRANCISCO (Reuters) – Mutual funds that bought Lululemon Athletica’s stock in recent months may find themselves in a cold sweat if the retailer’s quarterly report on Wednesday shows strong signs that leggings and other yoga apparel are falling out…
Blackstone’s Schwarzman sees historic regulatory overhaul from Trump
(Reuters) – Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a “very substantial reversal of regulations of all types,” for the financial sector, following Donald Trump’s U.S. presidential election victory.
Caesars unit’s bank lenders threaten to end bankruptcy deal
CHICAGO (Reuters) – The bank lenders of Caesars Entertainment Corp’s operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray.
U.S. trade gap widens as exports of soybeans, other products drop
WASHINGTON (Reuters) – The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other products fell, suggesting trade would be a drag on growth in the fourth quarter.
Chipotle says new director slate due ‘shortly,’ recovery lags
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc , amid activist pressure to revamp its board and revive sales following last year’s string of food safety lapses, will “shortly” announce a new slate of directors, founder and co-chief executive Steve …
Lego replaces long-time CEO with first foreign boss in organizational shake-up
COPENHAGEN (Reuters) – Danish toymaker Lego is to appoint its first foreign CEO and give its family owners a bigger role in developing the Lego brand under an organizational shake-up that will see incumbent Jorgen Vig Knudstorp step down by the end of …
House panel quizzes EPA on VW zero emission vehicle fund
WASHINGTON (Reuters) – A U.S. House panel on Tuesday questioned the Environmental Protection Agency’s diesel emissions settlement with Volkswagen AG , which requires the German automaker to invest $2 billion in zero emission vehicle efforts over 10 yea…
Not ‘As Seen on TV’: Snuggie maker sues Amazon.com
NEW YORK (Reuters) – Makers of the Snuggie blanket and other products sold mainly on TV have sued Amazon.com Inc , accusing the Internet retailer of trademark infringement for letting an “astronomical” number of counterfeit products to be sold through …
Microsoft gains EU approval for $26 billion buy of LinkedIn
BRUSSELS (Reuters) – Microsoft won EU antitrust approval on Tuesday for its $26 billion bid for professional social network LinkedIn , its largest ever acquisition, after agreeing to a series of modest concessions.
