FTC taking comment on divestiture linked to Air Liquide, Airgas merger
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Tuesday it is accepting public comments on an application for sale of assets it required for approving a merger of industrial gas suppliers Air Liquide and U.S. peer Airgas.
Exclusive: EU to seek arbitration in dispute with U.S. over Norwegian Air – sources
BRUSSELS (Reuters) – The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier’s wish to fly to the United States from Ireland, two sources said.
Goldman Sachs abused trust in dealings with Libyan LIA, fund’s lawyer tells trial
LONDON (Reuters) – Goldman Sachs abused its position as a trusted adviser to Libya’s sovereign wealth fund, a lawyer for the fund argued on Tuesday, in a case that has subjected the bank’s dealings to a forensic degree of scrutiny.
Fed seen holding rates steady as inflation watch continues
SAN FRANCISCO (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.
Goldman is sued in U.S. over merger linked to Malaysia’s 1MDB
NEW YORK (Reuters) – Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country’s prime m…
Verizon posts subscriber gain shortfall, says Yahoo to fuel media push
(Reuters) – Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc’s internet assets.
U.S. consumer confidence steady; new home sales near eight-and-a-half-year high
WASHINGTON (Reuters) – U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/2 years in June, suggesting sustained momentum in the economy that could allow the Federal Reserve to raise inter…
Brewer AB InBev seeks to nail SABMiller bid with sweetened offer
BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on Tuesday in an attempt to quash investor dissent over an offer made less attractive by a post Brexit vote fall in the pound.
Porsche to skip Detroit auto show in 2017
FRANKFURT (Reuters) – Volkswagen’s sportscar unit Porsche will skip the Detroit auto show next year, the company said in Tuesday.
The identity crisis that led to Yahoo’s demise
SAN FRANCISCO (Reuters) – When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis.
