Verizon pushes for $1 billion discount on Yahoo deal: New York Post
(Reuters) – Verizon Communications is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo , the New York Post reported, citing sources.
Wall Street ends flat with eyes on payrolls
NEW YORK (Reuters) – Major U.S. stock indexes closed little changed on Thursday, even as declining names outnumbered advancers, ahead of job market data seen as key to determine whether the Federal Reserve will raise rates before the end of the year.
Oil hits four-month highs as OPEC keeps talks of cuts in focus
NEW YORK (Reuters) – Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal OPEC meeting on output cuts and plunging U.S. crude inventories, with some saying the market has overshot itself with a near 15-percent gain …
Pfizer to seek more modern headquarters in Manhattan
(Reuters) – Pfizer Inc, the largest U.S. drugmaker, said on Thursday it aims to sell its world headquarters buildings in midtown Manhattan by the end of 2017 and begin moving into more modern facilities in Manhattan no sooner than the first half of 201…
Wal-Mart rejects settlement with U.S. over alleged bribery: Bloomberg
(Reuters) – Wal-Mart Stores Inc rebuffed a proposal by U.S. prosecutors to pay at least $600 million to settle a corruption probe into the company’s practices in markets including Mexico, India and China, Bloomberg reported, citing people familiar wit…
IMF chief gives Deutsche Bank tough advice, says need deal on fine
WASHINGTON/FRANKFURT (Reuters) – IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany’s biggest lender needed to reform its business model and rapidly reach a deal with U.S. regulators over a potentially huge fi…
Two big hedge funds unwind bets against Deutsche in sign of confidence
LONDON/NEW YORK (Reuters) – Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their “short” positions, in a sign of confidence in the stability of the lender.
Wal-Mart plans bigger e-commerce shift, tempers profit view
CHICAGO (Reuters) – Wal-Mart Stores Inc said it plans to focus heavily on its e-commerce operations on Thursday and warned investors that the cost of the long-term plan would weigh on earnings over the next two years.
Apple shares perk up after strong report from iPhone chip supplier
SAN FRANCISCO (Reuters) – Shares of Apple Inc rose 1 percent on Thursday after German supplier Dialog Semiconductor Plc said its quarterly revenue were higher than expected, adding to recent enthusiasm about demand for the newest iPhone.
U.S. dealers see some borrowing costs rise after fund reform: Fed survey
(Reuters) – More than half of the 23 U.S. primary dealers expect certain types of short-term borrowing costs to rise after new rules on money market funds go into effect next week, according to a Federal Reserve survey released on Thursday.
