Tribune gets $70.5 million investment, rejects Gannett offer
(Reuters) – Tribune Publishing Co , owner of the Los Angeles Times and the Chicago Tribune, said Los Angeles billionaire Patrick Soon-Shiong has invested $70.5 million in the company, becoming its second largest shareholder.
Battle over Redstone’s media empire sparks hope for change
(Reuters) – The legal battle over control of Sumner Redstone’s $40 billion media empire has investors hopeful that change will come to underperforming Viacom Inc .
NY lawmaker warns on U.S. financial security after SWIFT attacks
WASHINGTON (Reuters) – Recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms, Representative Carolyn Maloney wrote on Monday in a letter to the country’s top banking regul…
Bayer defies critics with $62 billion Monsanto offer
FRANKFURT (Reuters) – German drugs and crop chemicals group Bayer AG has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies indust…
Toyota recalls 1.6 million U.S. vehicles for Takata air bags
WASHINGTON (Reuters) – Toyota Motor Corp said on Monday it will recall almost 1.6 million additional U.S. vehicles for front passenger side Takata air bag inflators that could rupture.
Wall Street dips; Apple gain fails to offset rate worries
(Reuters) – Wall Street ended lower on Monday as a bounce in Apple failed to offset concerns that the U.S. Federal Reserve could raise interest rates sooner than later.
Fed’s Bullard: rates too low for too long could be risky
BEIJING (Reuters) – U.S. interest rates being kept too low for too long could cause financial instability in future and stronger market expectations for a rate rise are “probably good”, St. Louis Federal Reserve President James Bullard said on Monday.
U.S. ability to police ‘shadow banking’ under threat: senator
WASHINGTON (Reuters) – Recent moves in the U.S. Congress and courts could defang the country’s overarching financial regulatory council when it comes to policing “shadow banking,” the most powerful Democrat on the Senate Banking Committee said on Monda…
French oil and port workers vote to begin new strikes
PARIS (Reuters) – Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil’s 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.
Ford seeks partnerships as it looks beyond car-making
DETROIT (Reuters) – Ford Motor Co Chairman Bill Ford said on Monday the automaker would look for more partnerships with other companies as it moves to expand beyond manufacturing and selling cars and trucks.
