India’s Mallya says willing to reach ‘reasonable’ debt settlement: FT
(Reuters) – Embattled Indian tycoon Vijay Mallya wants a “reasonable” settlement with creditor banks to his defunct airline, he said in an interview in London published by the Financial Times on Friday.
U.S., EU officials say they will not settle for limited trade deal
NEW YORK (Reuters) – U.S. and European Union trade officials said on Thursday they would not settle for a limited trans-Atlantic free trade deal that ignores deep divisions on agricultural products, services, public procurement and dispute resolution.
Exclusive: CBS weighs share options for post-Redstone era – sources
NEW YORK (Reuters) – CBS Corp’s executives are talking to investment bankers about how their CEO and executive chairman, Les Moonves, can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent, said…
Amazon profit crushes estimates as cloud-service revenue soars
(Reuters) – Amazon.com Inc on Thursday reported profit and revenue that blew past analysts’ expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services d…
Carl Icahn says he sold entire Apple stake on China woes: CNBC
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China’s influence on the stock.
In China’s tougher drug market, minnows open back door for ‘Big Pharma’
SHANGHAI (Reuters) – Armed with Beijing funds and friends in the right places, Chinese drug minnows are thriving, luring money from ‘Big Pharma’ majors struggling to restore the strong growth they once enjoyed in the world’s second-largest medicine mar…
Comcast to buy DreamWorks Animation for $3.8 billion
(Reuters) – Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood studio DreamWorks Animation SKG Inc for $3.8 billion to boost its family-friendly offerings and help it take on media conglomerate Walt Disney. The acquisit…
Chipotle’s E. coli outbreak brings chain down to earth
LOS ANGELES (Reuters) – In its struggle to win back customers after last year’s food safety issues, Chipotle Mexican Grill Inc is embracing strategies it once rejected.
Pandora revenue rises on ad sales, shares up 11 pct
(Reuters) – Music streaming service Pandora Media Inc gave a full-year revenue forecast above expectations, helped by rising advertising sales, sending its shares up 11 percent late on Thursday.
Facebook in class of its own as ad revenue soars
After underwhelming results from Apple Inc, Google Inc and other big tech names, investors finally found a friend in Facebook Inc after the company shredded Wall Street’s forecasts for revenue, profit and user growth.
