Icahn denies attempt to sell Herbalife stock, buys more shares
(Reuters) – Carl Icahn said he did not attempt to sell his Herbalife Ltd stake, and had instead bought more shares in the health supplements maker, rejecting hedge fund manager Bill Ackman’s claim that he had been offered some of Icahn’s shares.
Uber wins halt to N.Y. price-fixing lawsuit during appeal
NEW YORK (Reuters) – A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger’s price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute.
Redstone granddaughter agrees to case dismissal, helps broader deal
CANTON, Mass. (Reuters) – The granddaughter of Viacom Inc’s controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media …
Alstom says wins $2 billion U.S. train deal
PARIS (Reuters) – French transport group Alstom said on Friday it had signed a 1.8 billion euro ($2 billion) deal to design and build 28 new high-speed trains for U.S. rail operator Amtrak.
PwC reaches mid-trial deal in lawsuit by Taylor Bean trustee
(Reuters) – PricewaterhouseCoopers has settled a lawsuit accusing the auditing firm of failing to detect the fraud that brought down Taylor, Bean & Whitaker Mortgage Corp in 2009, a lawyer for the mortgage lender’s bankruptcy trustee said on Friday.
Judge in Redstone hearing urges attorneys to reach agreements
CANTON, Mass. (Reuters) – A Massachusetts judge on Friday told attorneys to see if they could agree to resolve at least parts of a lingering family dispute over the fate of the empire built by Sumner Redstone, the controlling shareholder of Viacom Inc …
For the Fed’s Yellen ‘conventional’ unconventional policy is enough
WASHINGTON (Reuters) – For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the…
Four U.S. airlines fined for inaccurate information about bumping compensation
WASHINGTON (Reuters) – The U.S. Department of Transportation on Friday fined Alaska Airlines, American Airlines , Southwest Airlines , and United Airlines for providing inaccurate information to passengers about how much compensation they could potent…
Oil steady in volatile session, on track for weekly loss
NEW YORK (Reuters) – Oil prices were modestly higher on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia.
Declining inventories crimp U.S. second-quarter growth, consumer spending surges
WASHINGTON (Reuters) – U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending.
