Yogurt maker Chobani rejects PepsiCo’s offer for stake in company
(Reuters) – Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc and other investors.
Technology rout pushes Nasdaq to lowest close since 2014
(Reuters) – The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.
BlackBerry cuts 200 jobs in Ontario and Florida to trim costs
TORONTO (Reuters) – BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise s…
Bridgewater’s Dalio calls report about feud with Jensen overblown
NEW YORK (Reuters) – Ray Dalio, founder of Bridgewater Associates LP, the world’s largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown.
U.S. labor market on solid ground as jobless rate hits eight-year low
WASHINGTON (Reuters) – U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains fi…
Business services firms’ shares bleed as LinkedIn, Tableau crash
NEW YORK/SAN FRANCISCO (Reuters) – Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products.
U.S., India in talks to settle solar power trade dispute
WASHINGTON (Reuters) – The United States and India are in talks that could settle a long-running solar power trade dispute, delaying the announcement of a ruling by the World Trade Organization, an Obama administration official said on Friday.
New Jersey sues Volkswagen over excess diesel emissions
(Reuters) – New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker’s excess diesel emissions, becoming the fourth U.S. state to take legal action.
LinkedIn shares dive more than 40 percent, $11 billion wiped out
(Reuters) – LinkedIn Corp’s shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations.
Canadian love affair with Manhattan real estate seen unabated
MONTREAL (Reuters) – Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said.
