Sprint’s loss widens, vows to cut $2 billion in costs this year
(Reuters) – Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than $2 billion in costs in the current fiscal year to stop the red ink. The No. 4 U.S. wireless carrier also said it…
Fed’s Lockhart: Two rate hikes this year ‘certainly possible’, flags Brexit risk
AMELIA ISLAND, Fla. (Reuters) – The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockha…
Tencent venture poaches Google talent as Chinese tech firms pile into autos
BEIJING (Reuters) – An automaker launched last year by firms including tech giant Tencent Holdings Ltd has poached autonomous driving personnel from Google and Daimler AG, marking China’s latest high-profile hires in the race to make self-driving cars….
Companies put $221 billion into low-tax jurisdictions in 2015: U.N.
GENEVA (Reuters) – Companies put $221 billion into countries with low tax last year, chiefly Luxembourg and the Netherlands, while $72 billion of investment went into two British tax havens – the British Virgin Islands and Cayman Islands, the U.N. said…
Smashbox, M.A.C. gloss up Estee Lauder profit
(Reuters) – Cosmetics maker Estee Lauder Cos Inc reported a better-than-expected quarterly profit, helped by strong demand for its M.A.C. and Smashbox makeup brands in its international markets.
GE wants to become big player in offshore wind, eyes Adwen takeover
PARIS (Reuters) – General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE’s new head of renewables said on Tuesday.
Global stocks slide as yen, euro gains question policy potency
LONDON (Reuters) – The U.S. dollar slid to its lowest against major currencies in well over a year on Tuesday, a move led by the yen’s continued march higher as investors grew doubtful about central banks’ ability to boost growth through aggressive pol…
ISS recommends voting for special audit at Deutsche Bank
FRANKFURT (Reuters) – Influential shareholder advisory group ISS is recommending that shareholders attending Deutsche Bank’s shareholder meeting vote for a special audit on whether management at the lender breached legal obligations in connection with…
Baker Hughes tries to reassure investors as Halliburton deal fails
(Reuters) – Baker Hughes Inc sought to reassure investors on Monday by announcing a $2.5 billion plan to buy back stock and pay down debt, using the breakup fee it will receive following the collapse of its long-stalled takeover by fellow oilfield serv…
Starboard’s Smith says Yahoo ‘welcoming’ since his arrival
LOS ANGELES (Reuters) – Yahoo Inc’s management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company’s board after a contentious battle, he said on Monday.
