Sumner Redstone’s granddaughter backs mental competency lawsuit
LOS ANGELES (Reuters) – A granddaughter of Sumner Redstone wants to join Redstone’s ex-girlfriend in a lawsuit challenging Redstone’s mental competency, court filings show, an indication the media mogul’s family is not united in its view of his conditi…
U.S. judge in Staples fight with FTC pushes back at firm’s arguments
WASHINGTON (Reuters) – The judge hearing a fight between the U.S. government and Staples Inc over whether the No. 1 office supply store may merge with a smaller rival expressed doubt on Tuesday over several arguments made by the company.
Argentina puts default behind it with new sovereign bond
BUENOS AIRES (Reuters) – Argentina burst back onto the global financial stage on Tuesday with its first sovereign bond offer since the country’s 2002 default, hoping to pave the way for new President Mauricio Macri to get Latin America’s No. 3 economy …
Exclusive: Bass Pro teams up with Goldman for Cabela’s bid – sources
(Reuters) – Privately held outdoor retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc’s private equity arm to make an offer for U.S. hunting and fishing store chain Cabela’s Inc, according to people familiar with the matter.
Goldman posts weakest results in four years, revenue tumbles 40 percent
(Reuters) – Goldman Sachs Group Inc reported the worst quarterly results in more than four years on Tuesday as volatile markets kept clients from trading, investing or issuing new securities.
Wall Street nears record as quarterly reports roll in
(Reuters) – The S&P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson.
Airbus close to selling 37 A321 jets to Delta: sources
PARIS (Reuters) – European planemaker Airbus is close to a deal to sell 37 current-generation A321 passenger jets to Delta Air Lines, two people familiar with the matter said.
U.S. activist investors finding fewer opportunities; compromise more common
By Svea Herbst-Bayliss, Lawrence Delevingne and Michael Flaherty
Viacom warns Dish TV viewers of blackout if contract not renewed
(Reuters) – Viacom Inc on Tuesday began alerting Dish Network Corp’s satellite TV subscribers that they might soon lose its networks, including Comedy Central, Nickelodeon and MTV, as an agreement between the companies is set to expire Wednesday nigh…
Oil rises as Kuwaiti strike cuts output for third day
NEW YORK (Reuters) – Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member’s crude production, overshadowing bearish sentiment after Sunday’s failure by producers to agree to freeze output le…
