McAfee’s MGT sinks 21 percent after NYSE refuses share listing
SAN FRANCISCO (Reuters) – Shares of MGT Capital Investments , led by anti-virus software pioneer John McAfee, dropped 21 percent on Tuesday after it said the New York Stock Exchange denied approval of the listing of shares for a planned merger with ant…
Fed policymakers begin two-day meeting, decision due on Wednesday
WASHINGTON (Reuters) – Policymakers at the Federal Reserve started a two-day policy meeting on Tuesday at 1 p.m. EDT, a Fed official said.
Google gets more time to counter EU antitrust charge on Android
BRUSSELS (Reuters) – Alphabet’s Google has been given an extra three weeks to respond to EU antitrust charges that it abused its dominant Android mobile operating system to squeeze out rivals, the European Commission said on Tuesday.
Exclusive: Citgo asks PDVSA for $100 million to restore Aruba refinery – document
HOUSTON (Reuters) – Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba’s idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen…
Buffett investing deputy Combs joins JPMorgan board
(Reuters) – Todd Combs, one of Warren Buffett’s stockpicking deputies at Berkshire Hathaway Inc , has joined the board of JPMorgan Chase & Co , expanding the conglomerate’s already deep ties to the financial services industry.
Atlanta Fed downgrades U.S. third-quarter GDP view to 2.9 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.9 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday following the latest data on consumer prices and housing starts.
U.S. housing starts tumble, flooding in the South blamed
WASHINGTON (Reuters) – U.S. housing starts fell more than expected in August likely as bad weather disrupted building activity in the South, but a solid increase in permits for single-family dwellings suggested demand for housing remained intact.
China’s OK clears last hurdle for Marriott’s deal to buy Starwood
(Reuters) – Chinese antitrust regulators approved Marriott International Inc’s deal to buy Starwood Hotels & Resorts Worldwide Inc , clearing the way for the combined company to become the world’s largest hotel chain.
Allergan pays top dollar for ‘stepping stones’ from neurology to dermatology
(Reuters) – Allergan Plc CEO Brent Saunders calls them “stepping stones” – small, bolt-on acquisitions, as opposed to the mega-deals common in the drug industry. And they’re expected to boost dealmaking in sectors ranging from neurology to skin care.
JPMorgan hires and takes stake in InvestCloud
NEW YORK (Reuters) – JPMorgan Chase & Co said it had hired and would take a stake in InvestCloud, which provides software that makes online transactions easier for customers with banking and investment accounts.
