Sprint says to be cash-flow positive next year, shares soar
(Reuters) – Sprint Corp reported better-than-expected first-quarter revenue as big discounts attracted more postpaid subscribers, and the No. 4 U.S. wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this y…
Fiat Chrysler review shows U.S. sales figures were inflated: report
DETROIT (Reuters) – An internal review begun at Fiat Chrysler Automobiles in 2015 found its U.S. sales figures were inflated, partly due to pressure to keep a year-over-year monthly sales streak alive, the Automotive News reported on Monday, citing t…
Buyout funds eye alliances for SABMiller’s Pilsner, east Europe brands
LONDON/PRAGUE (Reuters) – U.S. and European buyout funds are gearing up for SABMiller’s sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources familiar with the matter said.
G20 growth promise keeps global shares near nine-month high
LONDON (Reuters) – World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use “all policy tools” to lift global growth.
SunEdison unit TerraForm Power adopts poison pill
(Reuters) – SunEdison Inc’s unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company.
Philip Green responsible for BHS collapse: UK lawmakers
LONDON (Reuters) – Retail tycoon Philip Green’s greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers said, calling the collapse of the stores group “the unacceptable face of capitalis…
GM re-evaluates India investment, new car platform on hold
NEW DELHI (Reuters) – General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to the country, company officials said.
EU working with consumer groups to pressure Volkswagen for compensation
BRUSSELS/BERLIN (Reuters) – Europe’s Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal.
Wanda Commercial says major shareholder China Life in favor of its delisting plan
HONG KONG (Reuters) – China’s Dalian Wanda Commercial Properties Co Ltd said on Monday one of its largest shareholders intends to approve the developer’s Hong Kong delisting proposal, as it aims to dispel uncertainty over whether the proposal can gain…
China Vanke tussle is big test for new securities regulator
HONG KONG (Reuters) – A bitter shareholder row at China’s largest property developer is a first big test for the country’s new securities chief, appointed earlier this year to heal the wounds of last year’s stock market meltdown and restore investor co…
