World stocks hit one-year peak, dollar sags on weak U.S. data
LONDON (Reuters) – World stocks posted a new one-year high and the dollar sagged on Wednesday after weak U.S. productivity data was seen reducing the prospect of a rare interest rate hike among global central banks.
Money laundering rule on prepaid cards stalled after industry pushback
NEW YORK/ST. LOUIS, AUGUST 10 (Reuters) – In 2011, amid a crackdown on international money laundering, the U.S. Treasury Department tried to close a loophole that authorities said allows drug cartels to move bulk cash across borders on gift and other p…
Consumer groups press Yum’s KFC to tighten antibiotic rules
LOS ANGELES (Reuters) – Consumer groups on Wednesday will deliver a petition from more than 350,000 people to the KFC fried chicken chain, calling on the Yum Brands Inc unit to stop the routine use of antibiotics by the companies that supply its poult…
Before Valeant overhaul, Ackman met investors at brainstorming event
BOSTON (Reuters) – Six weeks before Valeant Pharmaceuticals International Inc revealed plans to reorganize and pay down debt, similar ideas to improve the drugmaker’s fortunes were discussed at a private shareholder dinner attended by top investor and …
U.S. judge dismisses challenge to Seattle’s Uber, Lyft union law
SEATTLE (Reuters) – A federal judge on Tuesday dismissed a lawsuit against the city of Seattle over a landmark law which allows Uber and Lyft drivers to unionize.
Canada’s Bell announces public offering of C$1.5 billion of medium term notes
(Reuters) – Bell Canada, Canada’s largest telecommunications company, announced on Tuesday a public offering of C$1.5 billion of medium term notes (MTN) debentures in two series.
Valeant offers to increase lender interest payments in exchange for amendment
NEW YORK (RLPC) – Valeant Pharmaceuticals International is offering to pay lenders a higher interest rate in order to obtain an amendment to its debt agreement that would loosen one of its covenants, according to sources.
Disney beats estimates, buys video streaming stake to lure web viewers
(Reuters) – Walt Disney Co’s quarterly profit and revenue on Tuesday beat analysts’ estimates fueled by movie studio hits, and the media company said it was taking a stake in a streaming video technology company to sell more content directly to consume…
SolarCity says Tesla talks delayed closing project financing
(Reuters) – Solar panel installer SolarCity Corp , which recently accepted Tesla Motors Inc’s $2.6 billion takeover offer, said it experienced greater-than-usual delays in closing new project financing commitments due to the takeover talks.
Delta on long road back to normal after massive flight cancellations
(Reuters) – Delta Air Lines faces a “time-consuming process” to restore normal operations and get stranded passengers to their destinations after a power outage caused more than 1,600 flight cancellations over two days, a top executive said on Tuesday…
