Exclusive: Genesys in bid to buy Avaya’s call center business – sources
(Reuters) – Genesys Telecommunications Laboratories Inc, a U.S. provider of call center software, is in talks to acquire the contact center business that its peer Avaya Inc [AVXX.UL] is hoping to sell for more than $4 billion, according to people famil…
Strong U.S. employment report brightens economic outlook
WASHINGTON (Reuters) – U.S. employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this ye…
Investors could see U.S. profit slide continue into third quarter
NEW YORK (Reuters) – The U.S. profit recession may go on, dashing hopes of investors and business people who had been banking on a turnaround in the third quarter for companies that had been watching their profits shrink for the last year.
Alibaba says it is not making an investment in Netflix
SAN FRANCISCO (Reuters) – Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.
Citigroup beats $800 million appeal by one-time billionaire
NEW YORK (Reuters) – A federal appeals court rejected a one-time Florida billionaire’s bid to revive his $800 million lawsuit accusing Citigroup Inc of fraudulently hiding its exposure to subprime and other toxic mortgages, inducing him to hold on to s…
U.S. challenge to Anthem-Cigna deal gets new judge
WASHINGTON (Reuters) – The judge overseeing the U.S. government’s bid to stop health insurer Anthem Inc from buying Cigna Corp , who had been seen as favorable for the deal, has relinquished the case.
American Airlines reaches interim deal to hike ground staff wages
(Reuters) – American Airlines Group Inc said it had reached an interim agreement with a labor union to raise wages for about 30,000 of its ground staff, effective immediately.
AstraZeneca hits 2014 Pfizer bid price, helped by Bristol’s woes
LONDON (Reuters) – AstraZeneca shares hit a record high on Friday, breaching for the first time the 55 pounds a share level offered by Pfizer in 2014 during the U.S. group’s abortive $100 billion attempt to buy the drugmaker.
Consumer Reports urges higher Volkswagen U.S. diesel owner compensation
WASHINGTON (Reuters) – Influential U.S. magazine Consumer Reports urged the Justice Department to hike compensation to 475,000 owners of polluting Volkswagen diesel vehicles and allow owners who opt for a fix to reconsider.
Bangladesh says Philippines President commits to return heist money funneled via Manila
MANILA (Reuters) – Philippine President Rodrigo Duterte has given a commitment that $81 million stolen by cyber criminals from the account of Bangladesh Bank in New York and funneled through bank accounts in Manila would be returned, the Bangladesh amb…
