More Wall Street banks, investors help write blank checks
(Reuters) – An obscure corner of the U.S. IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better f…
VW, EPA expect not to unveil diesel settlement on Thursday: sources
(Reuters) – Volkswagen AG was not expected to unveil an agreement Thursday with U.S. regulators at a federal court hearing in California on how to address excess emissions in 580,000 diesel vehicles, two sources briefed on the negotiations said on Wedn…
Wall Street rally fizzles out as oil, materials fall
(Reuters) – Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium.
Rockefeller Family Fund hits Exxon, divests from fossil fuels
HOUSTON/NEW YORK (Reuters) – The Rockefeller Family Fund said on Wednesday it would divest from fossil fuels as quickly as possible and “eliminate holdings” of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the p…
No Cadillacs for old men in China
BEIJING (Reuters) – Cadillac, a favorite among America’s older ‘supper club set’, is revving up sales to younger luxury buyers in China through smoother designs and localized production to keep prices accessible.
Apple Pay coming to mobile websites later this year: Re/code
(Reuters) – Apple Inc will integrate Apple Pay with its Safari browser later this year, allowing users to make purchases from mobile websites, technology website Re/code reported, citing sources.
Toys “R” Us employee accused by U.S. of $2 million card theft
NEW YORK, (Reuters) – Federal prosecutors in Brooklyn, New York accused a Toys “R” Us employee of stealing nearly $2 million from the retailer by loading money meant for truck drivers onto a debit card he later used to make withdrawals from automated t…
Starbucks announces Nespresso pod deal, new loyalty perks
SEATTLE/LOS ANGELES (Reuters) – Starbucks Corp said on Wednesday it will sell espresso pods for Nestle SA’s popular Nespresso home brewers in Europe and unveil a new way for customers to earn loyalty points for free food and drinks outside its cafes.
In oil rout, some U.S. energy bosses were spared the pain
BOSTON/NEW YORK (Reuters) – More cash, lower targets and bigger share awards – not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Some oil and gas companies are making it easier for their top managers to m…
Amazon says its female workers paid equally as men
SAN FRANCISCO (Reuters) – Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently c…
