Hasbro loses license for ‘Jurassic World’ toys to Mattel
(Reuters) – Mattel Inc said it won the license to make merchandise based on “Jurassic World” films, a day after rival Hasbro Inc announced the termination of the contract with Comcast Corp’s NBCUniversal due to disagreement over terms.
UnitedHealth sees further losses for Obamacare insurance
(Reuters) – UnitedHealth Group Inc on Tuesday said it anticipated another $200 million more in losses this year on the individual insurance business created under U.S. President Barack Obama’s national healthcare reform law, citing the program’s high …
Brexit uncertainty prompts IMF to cut global growth forecasts again
WASHINGTON (Reuters) – The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain’s looming exit from the European Union.
Truckmaker Volvo beats earnings forecast, sees U.S. market weaken
STOCKHOLM (Reuters) – Swedish truckmaker Volvo reported better than expected second-quarter earnings on Tuesday as cost cuts and rising European sales helped fortify it against slumping U.S. demand for commercial vehicles.
Global stocks slip as rally fatigue sets in
LONDON (Reuters) – World shares dipped for only the second time in nine days on Tuesday, sapped by a drop in oil prices and data that showed Britain’s vote to quit the European Union dented German business confidence.
Henderson calls for investor vote on Bayer’s takeover of Monsanto
LONDON (Reuters) – Henderson Global Investors, a minority investor in Bayer has demanded a vote on the firm’s $64 billion-plus proposed takeover of Monsanto, which it said threatened the long-term strength of the German chemicals group.
Hauling cash, replacing cards, fixing ATMs: the stubborn costs banks can’t erase
NEW YORK (Reuters) – Even after years of lean times, big U.S. banks are coming under new pressure to cut costs. But management teams are finding some expenses simply won’t budge – like the $1 billion a year it costs Bank of America Corp to shuffle papers around and transport money in armored trucks.
EU watchdog backs ‘passport’ for U.S. hedge funds in Europe
LONDON (Reuters) – Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc’s financial watchdog said on Tuesday.
SoftBank’s Son challenges investors to ‘feel the force’ of his $32 billion ARM gamble
TOKYO (Reuters) – SoftBank Corp founder Masayoshi Son, who created a $68 billion tech investment behemoth from a $50,000 start-up, has divided investors and analysts with his latest “crazy idea”, the $32 billion acquisition of chip designer ARM Holdin…
Takata air bag data manipulation widespread, says Honda
TOKYO/WASHINGTON (Reuters) – Takata Corp had engaged in widespread manipulation of test results for air bag inflators supplied to Honda Motor Co , according to an audit, the automaker said, but the review had shown no safety risks in cars not already …
