Exclusive: Chipotle, Ackman talks intensify with confidentiality agreement
BOSTON/LOS ANGELES(Reuters) – Billionaire investor William Ackman and Chipotle Mexican Grill have signed an agreement to engage in confidential discussions, a source familiar with the matter said, in a sign that the activist may be able to force chang…
Agricultural Bank of China to pay New York state $215 million for anti-money laundering violations
NEW YORK (Reuters) – Agricultural Bank of China Ltd will pay a $215 million penalty for violating New York state’s anti-money laundering law, the state’s financial regulator said on Friday.
Strong U.S. job growth, rising wages boost Dec rate hike prospects
WASHINGTON (Reuters) – U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.
German prosecutors investigate Facebook over hate postings
BERLIN (Reuters) – German prosecutors are investigating Mark Zuckerberg and other Facebook executives, a spokesman for the Munich prosecutor’s office said on Friday, following a complaint alleging the company broke national laws against hate speech and…
Fed’s Kaplan says case for rate hike is strengthening
MEXICO CITY (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan on Friday said he believes there is increasing reason to raise U.S. interest rates, though he declined to say when the next rate hike should take place.
Whole Foods shareholder pushing for changes, sale of company: Bloomberg
(Reuters) – One of Whole Foods Market Inc’s top ten shareholders has met potential activist investors to discuss management changes at and explore a sale of the upscale grocery chain, Bloomberg reported, citing people with knowledge of the matter.
Exclusive: Saudis could raise oil output again as sparring with Iran returns – sources
DUBAI/LONDON (Reuters) – Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources s…
Atlanta Fed’s Lockhart says U.S. rate increases to be ‘very’ gradual
ORLANDO, Fla. (Reuters) – U.S. job gains in October were “solid,” and showed continued stable progress towards the Federal Reserve’s monetary policy goals, Atlanta Fed president Dennis Lockhart said on Friday as the central bank progresses towards a po…
Tesla Motors’ SolarCity deal gets a boost from shareholder advisory firm
(Reuters) – Institutional Shareholder Services (ISS) on Friday recommended that investors in both companies approve Tesla Motors’ plan to buy solar panel installer SolarCity for more than $2 billion.
Twitter Latam executive sees customer service strategy as key to revenue boost
SAO PAULO (Reuters) – Twitter Inc is seeking revenue outside traditional advertising sales by helping companies develop customer service channels on its platform, according to its most senior executive in Latin America, a testing ground for the new str…
