Sumner Redstone forced to borrow $100 million from National Amusements: lawsuit
(Reuters) – Media mogul Sumner Redstone on Tuesday sued two ex-girlfriends for civil claims including elder abuse, alleging he was forced to borrow $100 million from the private company that holds his voting shares of CBS Corp and Viacom Inc to cover …
Target to offer more deals, extend free shipping until January
NEW YORK (Reuters) – Target Corp will offer more deal-driven promotions and extend its free shipping window to January this holiday season as it looks to turn around performance in what has so far been a lackluster year for the retailer.
U.S. August home prices rise 5.1 percent from year ago; consumer confidence slips in October
NEW YORK (Reuters) – U.S. home prices rose 5.1 percent in the year to August as home buyers competed for fewer properties, helped by low mortgage interest rates, some wage growth and low unemployment.
T-Mobile seen as top target following AT&T-Time Warner deal
NEW YORK (Reuters) – T-Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc’s proposed $85.4 billion takeover of Time Warner Inc, analysts said.
General Motors beats earnings expectations, investor fears linger
DETROIT (Reuters) – Investors dumped General Motors Co shares on Tuesday despite record third-quarter results, highlighting the disconnect between Detroit and Wall Street as the long U.S. vehicle sales boom cools off.
Mercedes-Benz to launch pickup truck in 2017
FRANKFURT (Reuters) – Mercedes-Benz said it will launch a pickup truck in late 2017, becoming the first German premium auto maker to enter one of the most lucrative segments in the car industry.
Swiss give U.S. $51 million in frozen assets in PDVSA investigation
ZURICH (Reuters) – Switzerland has given around $51 million in formerly frozen assets to the United States in connection with a U.S. investigation into alleged corruption at oil company Petroleos de Venezuela S.A. (PDVSA), authorities said on Tuesday.
Italian bank Monte Paschi gambles on turnaround by year-end
MILAN (Reuters) – Italian lender Monte dei Paschi di Siena plans to lay off a tenth of its staff, shut branches and sell assets to win investor backing for a 5 billion euros ($5.4 billion) cash call that could shape the fortunes of the wider banking se…
U.S. locks in duties on certain Indian steel pipes
WASHINGTON (Reuters) – The U.S. International Trade Commission on Tuesday voted to lock in duties on imports of welded stainless pressure pipe from India as it affirmed the goods were harming the U.S. industry.
Wallonia premier says region not opposed to EU-Canada free trade deal
PARIS (Reuters) – Wallonia premier Paul Magnette said the Belgian region was not opposed to a planned EU-Canada free trade deal in itself but that an arbitration scheme needed to be dropped and public services protected.
