Fox News, Ailes in negotiations over his exit: source
(Reuters) – Roger Ailes, who built Fox News into a profitable ratings powerhouse, and Twenty-First Century Fox Inc are in negotiations over his departure from the cable news channel following allegations of sexual harassment, a person briefed on the d…
S&P pulls back from record; Dow notches eighth day of gains
(Reuters) – The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as investors digested mixed earnings reports amid lowered expectations for global economic growth.
Goldman details cost savings plan after ‘challenging’ quarter
(Reuters) – Goldman Sachs Group Inc reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.
Lufthansa’s Eurowings eyes some Air Berlin operations: paper
FRANKFURT (Reuters) – Lufthansa’s budget unit Eurowings, which it sees as a tool for consolidation among European airlines, is considering acquiring some of loss-making rival Air Berlin’s routes, German daily Handelsblatt reported, citing sources.
Monsanto rejects Bayer’s sweetened offer, open to talks
(Reuters) – U.S. seed company Monsanto Co turned down a sweetened $64 billion acquisition offer from Bayer AG , but said it was open to further talks with the German healthcare and chemicals group as well as other parties.
Johnson & Johnson raises 2016 forecast, shares touch record high
(Reuters) – Johnson & Johnson on Tuesday raised its full-year 2016 sales and earnings forecasts and reported quarterly results that beat estimates, helped by strength in its prescription drugs business.
EU truckmakers fined $3.2 billion over price collusion
BRUSSELS/PARIS – EU regulators imposed a record fine of 2.9 billion euros ($3.2 billion) against Europe’s biggest truckmakers on Tuesday for colluding over 14 years to fix prices and delay adoption of cleaner engine emissions technology.
SoftBank bid for ARM catches some hedge funds off guard
LONDON (Reuters) – A Dallas hedge fund was among investors betting on a fall in the price of ARM Holdings when SoftBank Group’s surprise $32 billion bid sent shares in the British chip designer surging nearly 50 percent.
U.S. housing starts rise in June; momentum slowing
WASHINGTON (Reuters) – U.S. housing starts rose more than expected in June as construction activity increased broadly, but downward revisions to the prior months’ data pointed to a sector treading water in the second quarter.
Lockheed Martin raises forecast as quarterly sales beat
(Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, reported better-than-expected quarterly revenue and lifted its 2016 revenue and profit forecasts for the second time, buoyed by increased deliveries of its F-35 fighter jets.
