United Airlines faces board fight over poor performance
(Reuters) – Two investment funds with major stakes in United Continental Holdings Inc launched a fight for control on Tuesday, proposing a slate of directors led by industry legend Gordon Bethune to shake up the board of the poorly performing airline.
Commodity traders in barter deals with Iran post-sanctions: sources
BEIJING/SINGAPORE (Reuters) – Global oil traders have entered into rare barter deals with the National Iranian Oil Company (NIOC), supplying Iran with much-needed gasoline in exchange for high-quality fuel oil, after most economic sanctions against Teh…
Bezos’ space company aims for passenger flights in 2018
KENT, Wash. (Reuters) – Jeff Bezos’ space company Blue Origin expects to begin crewed test flights of its reusable suborbital New Shepard vehicle next year and begin flying paying passengers in 2018, Bezos told reporters on Tuesday.
Valeant to appoint three new directors as soon as Wednesday: sources
NEW YORK (Reuters) – Embattled drug company Valeant Pharmaceuticals International Inc, whose stock price has tumbled 38 percent this year, will appoint three new board members as soon as Wednesday, people familiar with the matter said on Tuesday.
Sharp’s banks considering additional aid as part of Foxconn deal: source
TOKYO (Reuters) – Sharp Corp’s two main banks are set to lower the interest rates on a combined 700 billion yen ($6.2 billion) in loans to the Japanese display maker as part of a planned takeover by Taiwan’s Foxconn, a source with direct knowledge of t…
California may allow partially repaired VW diesels to remain on road
SACRAMENTO (Reuters) – California may allow partially-repaired Volkswagen diesel cars implicated in the company’s emissions scandal to continue operating on its roads because a full fix may not be possible, the state’s air regulator said at a legislati…
Chipotle Massachusetts outlet shut after workers fall ill
(Reuters) – Chipotle Mexican Grill Inc , which is trying to recover from a series of food-borne illness outbreaks, temporarily shut a Massachusetts restaurant after four employees fell sick.
Wall Street bids Happy Birthday to bull market for stocks
NEW YORK (Reuters) – Wednesday marks the seven-year anniversary of the start of the current bull market for U.S. stocks, one that has shaped up to be more notable for its duration than its intensity.
Oil drop, China data drag Wall Street lower
(Reuters) – U.S. stocks ended near the lows of the day on Tuesday as energy shares tumbled alongside the price of oil and soft Chinese trade data rekindled fears that the global economy is weaker than anticipated.
GM says shareholder groups need 3 percent stake to nominate directors
(Reuters) – General Motors Co disclosed Tuesday that shareholders or shareholder groups will be allowed to nominate directors for the board in the company’s annual proxy statement, but they will need to hold at least 3 percent of the automakers’ shares…
