Wal-Mart jumps into milk processing, hits Dean Foods’ stock
(Reuters) – Wal-Mart Stores Inc said it will build a dairy processing plant in Indiana to supply private-label milk to about 600 stores, curtailing business with some suppliers in the retailer’s sole foray into food processing in the United States.
Wall St. down but pares losses after Brussels blasts
(Reuters) – Wall Street closed slightly lower on Tuesday, inching back from an initial selloff that followed deadly attacks in Brussels, as declines in consumer and telecom stocks offset a jump in healthcare shares.
Amazon exec weighs in on proposed Staples-Office Depot merger
WASHINGTON (Reuters) – An executive with Amazon.com Inc’s unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator’s wariness over a potential merger of Staples Inc and Office Depot Inc .
Activist investors want new United Airlines chairman before shareholder vote
(Reuters) – The two hedge funds that have launched a boardroom fight with United Continental Holdings Inc on Tuesday called on the airline to immediately appoint one of its two new board members as chairman, according to a regulatory filing.
Bangladesh Bank weighs lawsuit against NY Fed over hack
DHAKA (Reuters) – Bangladesh’s central bank has hired a U.S. lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole $81 million from its account with the NY Fed, according to an internal report by the Bangladesh…
Brent ends steady; U.S. crude extends losses on stockpile build
NEW YORK (Reuters) – Brent oil prices settled steady on Tuesday after the deadly blasts in Brussels while U.S. crude futures fell, then extended losses in post-settlement trade on industry data showing bigger than expected builds in domestic inventory….
Brazil probe finds systematic Odebrecht graft, World Cup links -prosecutors
SAO PAULO (Reuters) – Brazilian prosecutors said on Tuesday they uncovered systematic corruption at engineering conglomerate Odebrecht, with an office that paid bribes on work for World Cup soccer stadiums and Olympics legacy projects.
Maserati looks to automate some aspects of driving in new Levante
NEW YORK (Reuters) – Fiat Chrysler’s premium Maserati brand is developing a semi-automated driving system for its new Levante utility vehicle that also will likely find its way into the company’s Ghibli and Quattroporte sedans in the next two years, Ch…
Janus’ Gross says Valeant based on leverage, financial engineering
NEW YORK (Reuters) – The business model of Valeant Pharmaceuticals International Inc , target of a securities investigation and under scrutiny for its pricing and accounting practices, “was based on leverage and financial engineering,” fund manager Bil…
Amazon sues former employee over new job at Target
(Reuters) – Amazon.com Inc has sued a former executive hired by Target Corp as its chief supply chain and logistics officer to prevent him from revealing trade secrets.
