Negative rates seen reducing Japan big banks’ profits by $2.96 billion: Nikkei
TOKYO (Reuters) – Japan’s financial watchdog estimates that negative interest rates under the Bank of Japan’s monetary easing policy will reduce profits for the country’s three big banks by at least 300 billion yen ($2.96 billion) for the year through …
Nike’s stock falls behind rivals amid Rio Olympics
SAN FRANCISCO (Reuters) – Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour .
Wall St. ends little changed though Nasdaq hits record high close
(Reuters) – The Dow and S&P 500 eased from record highs on Friday as tepid data dampened investor confidence in the economy’s expansion, while the Nasdaq inched up to a second straight record high close.
U.S. judge in Anthem merger trial sets trial for November 21, plans ruling by late January 2017
WASHINGTON (Reuters) – The judge overseeing the U.S. Justice Department’s bid to stop health insurer Anthem from merging with competitor Cigna said on Friday her goal was to have a ruling by the end of January, later than the Dec. 30 date sought by A…
Two company veterans tapped to lead Fox News after Ailes’ exit
NEW YORK (Reuters) – Rupert Murdoch on Friday named company veterans Jack Abernethy and Bill Shine as co-presidents to lead Fox News after Chief Executive Officer Roger Ailes resigned last month following sexual harassment allegations.
Sumner Redstone willing to be deposed in competency lawsuit
CANTON, Mass. (Reuters) – An attorney for Sumner Redstone said the media mogul would be willing to be interviewed briefly under oath in a lawsuit over his mental competency that could influence the future of his majority ownership of Viacom and CBS.
Ackman cheers as Fidelity funds unload more Herbalife shares
BOSTON (Reuters) – One of Herbalife Ltd’s largest investors sold more of the company’s stock, just weeks after the U.S. government told the protein shake maker to reorganize its business, according to a filing with the U.S. Securities and Exchange Comm…
Weak U.S. retail sales, inflation data dim prospect of Fed rate hike
WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a moderation in consumption that could temper expectations of a sharp pickup in economic growth in the third quarter.
SunEdison shareholders denied official role in bankruptcy
NEW YORK (Reuters) – A U.S. judge denied a request by shareholders of SunEdison Inc for an official committee to represent them in the bankruptcy of the U.S. renewable power plant developer, which the judge described as “hopelessly insolvent.”
J.C. Penney’s quarterly loss halves, set for full-year profit
(Reuters) – J.C. Penney Co Inc’s quarterly loss more than halved as the company cut costs and benefited from higher sales of home goods and footwear as well as beauty products at Sephora outlets in its stores.
