Ackman’s Pershing Square seeks to sell Zoetis shares for $800 million: NYT
(Reuters) – Billionaire investor William Ackman’s Pershing Square Capital Management on Monday set out to sell $800 million in shares of Zoetis Inc , the New York Times reported, citing people familiar with the matter.
Old Navy, Banana Republic weigh on Gap as sales slip yet again
(Reuters) – Gap Inc reported a decline in sales for the fifth straight quarter due to weak demand for its Banana Republic and Old Navy brands as the retailer struggles to woo back shoppers it has lost to fast-fashion retailers.
SolarCity stock slides 20 percent as forecast slashed
(Reuters) – SolarCity Corp cut its forecast for solar panel installations this year and reported a bigger-than-expected quarterly loss, sending its shares down nearly 20 percent in extended trading on Monday.
Exclusive: BlackRock targets 2016 launch for LatAm infrastructure fund – document
NEW YORK (Reuters) – BlackRock Inc is accelerating its push in Latin America, making plans for its first launch of a private equity infrastructure fund targeting that market, a company document showed.
U.S. companies brighten their earnings outlook
NEW YORK (Reuters) – The profit recession that has weighed on large-cap stocks on Wall Street for the past three quarters may be loosening its grip as U.S. companies allow a hint of blue sky to poke through the gloom.
Higher health stocks and falling oil leave S&P 500 flat
(Reuters) – Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.
Lockheed Martin, Raytheon units win $649.7 million defense contract: Pentagon
WASHINGTON (Reuters) – Subsidiaries of Lockheed Martin Corp and Raytheon Co were awarded a combined $649.7 million modification contract for Paveway II laser-guided bombs, the U.S. Defense Department said on Monday.
Redstone competence trial ends as judge tosses lawsuit
LOS ANGELES (Reuters) – Media mogul Sumner Redstone never set foot in the Los Angeles courtroom where his mental competency was on trial in recent days.
Oil slides; focus turns from Canada fire to U.S. stockpiles
NEW YORK (Reuters) – Oil prices tumbled on Monday on expectations that U.S. crude inventories would again build to record highs, taking the market’s focus off swooning Canadian oil output due to raging wildfires.
SWIFT rejects Bangladeshi claims over $81 million cyber heist
(Reuters) – SWIFT on Monday rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February.
