Whirlpool’s biggest challenge is rapid changes in global markets: CEO
(Reuters) – Whirlpool Corp’s biggest challenge in the last year has been managing rapid change and currency volatility in global markets such as turmoil after Britain’s vote to leave the European Union, Chief Executive Officer Jeff Fettig said in an i…
Hershey Trust reaches in-principle reform agreement
(Reuters) – The board of the charitable trust that controls Hershey Co said on Friday it had reached an in-principle agreement with the Pennsylvania Attorney General’s office that would avoid a legal row in exchange for reforms in how it is run.
U.S. government’s bid to block insurance mergers could spawn new ones
(Reuters) – The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers.
JPMorgan to stop settling government securities for dealers
NEW YORK (Reuters) – JPMorgan Chase & Co will stop settling U.S. government securities transactions for most dealers by the end of next year as it streamlines its business, the bank said on Friday.
Fiat Chrysler recalling 410,000 vehicles
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion.
Unsecured creditors seek quick end to Sports Authority bankruptcy
WILMINGTON, Del. (Reuters) – Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company should not waste its dwindling funds preparing a plan to end …
Wall St. rises, racks up fourth straight week of gains
(Reuters) – Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts AT&T and Verizon.
Goldman Sachs to invest $184 million in Brazil storage company: executive
SAO PAULO (Reuters) – Goldman Sachs Group Inc will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930s, a company executive said on Frid…
Verizon emerges as front-runner in Yahoo auction: sources
(Reuters) – Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday.
Exclusive: De Beers puts Canadian Snap Lake diamond mine up for sale
TORONTO (Reuters) – Anglo American Plc’s De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December, a spokesman said on Friday.
