Dollar Tree’s profit beats estimates as merchandise costs fall
(Reuters) – Dollar Tree Inc , the biggest U.S. dollar-store chain after its acquisition of Family Dollar in 2015, reported a better-than-expected quarterly profit on Tuesday, helped by lower merchandise costs and freight expenses.
Tata board was divided over $12-billion Corus deal: ousted chairman
NEW DELHI (Reuters) – Ratan Tata’s decision to acquire steelmaker Corus for more than $12 billion, when a year earlier it was available at half the price, went against the reservations of some board members and senior executives, Cyrus Mistry said on T…
Oil prices rise to highest this month on hopes of OPEC deal
LONDON (Reuters) – Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.
Deutsche Boerse CEO expects EU objections in mid-December
BERLIN (Reuters) – Deutsche Boerse expects to hear what objections the European Commission has to its planned merger with London Stock Exchange in the second week of December, the German firm’s chief executive told Reuters on Tuesday.
AIG joins list of finance companies looking to move from Britain
LONDON (Reuters) – U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday….
Hong Kong Disneyland to expand with $1.4 billion investment
HONG KONG (Reuters) – Walt Disney will expand its loss-making Hong Kong Disneyland theme park with a $1.4 billion investment to try to attract more visitors, the U.S. entertainment company and its local government partner said on Tuesday.
KKR to buy Nissan-backed supplier Calsonic for up to $4.5 billion
TOKYO (Reuters) – U.S. buyout firm KKR & Co is buying Nissan Motor-backed auto parts maker Calsonic Kansei Corp for up to 498.3 billion yen ($4.5 billion) in its biggest deal in Japan, seizing on a rare chance there to do a multi-billion dollar purchase.
AIG may move European headquarters to another EU country due to Brexit
LONDON (Reuters) – U.S. insurer AIG may move its European headquarters from London to another European Union country due to Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said on Tuesday.
Record highs for Wall Street quartet send other stocks higher
LONDON (Reuters) – World stocks on Tuesday rode the slipstream of the first joint all-time high for Wall Street’s four main markets since 1999, while oil prices hit their highest level since October.
Germany’s Schaeuble tells Brussels don’t criticize us, we have spent
BERLIN (Reuters) – The European Commission’s call for fiscal stimulus should not be aimed at Germany, Finance Minister Wolfgang Schaeuble said on Tuesday, arguing Europe’s biggest economy has increased investment more than the euro zone average in the …
