McDonald’s probes copycat burger joint in separatist east Ukraine
MOSCOW (Reuters) – The McDonald’s fast food chain said its lawyers were investigating after entrepreneurs in separatist-controlled eastern Ukraine started selling McDonald’s-style hamburgers out of a restaurant that the company shut down two years ago…
Tame U.S. inflation bolsters Fed caution on rate hikes
WASHINGTON (Reuters) – U.S. inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to follow through on its projected two interest rate increases this year.
Valeant annual report reveals new issues, company overhauls board
(Reuters) – Valeant Pharmaceuticals International Inc on Friday issued a 2015 financial report that met an important deadline for creditors, revealing new details on a range of financial and legal issues, and it also announced changes to its board.
Starbucks plans 150 stores in South Africa: CEO
JOHANNESBURG (Reuters) – U.S. coffee chain Starbucks plans to open up to 150 stores in South Africa, founder and chief executive Howard Schultz said on Friday.
Credit Suisse’s Thiam faces shareholder ire at AGM
ZURICH (Reuters) – Credit Suisse’s leadership came under fire on Friday from shareholders disgruntled by a share slide amid a major restructuring of Switzerland’s second-biggest bank.
Brexit vote not affecting U.S.-Europe trade talks: negotiators
NEW YORK (Reuters) – U.S. and European trade negotiators said on Friday that the looming referendum on whether Britain should leave the European Union was not affecting their talks toward reaching a sweeping trans-Atlantic free trade deal.
Sanofi, Medivation dig in for big biotech takeover battle
PARIS (Reuters) – Sanofi and its takeover target Medivation dug in for trench warfare on Friday, with the French drugmaker confident of winning over investors and the U.S. cancer firm insisting it was better off staying independent.
Chevron adjusted profit misses expectations
HOUSTON (Reuters) – Oil and gas producer Chevron Corp on Friday posted an adjusted profit that fell short of Wall Street’s expectations, as its cost cuts failed to fully offset low crude prices and weak refining margins.
Exxon Mobil profit beats expectations on big cost cuts
HOUSTON (Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins.
Equity funds see more outflows as investors trim risk: BAML
LONDON (Reuters) – Investors continued to trim risk exposure in the past week, dumping stocks and putting money to work in bonds, Bank of America Merrill Lynch (BAML) said on Friday, warning of a possible “summer of shocks” ahead.
