Two United Airlines investors raise stakes to influence company
(Reuters) – United Continental Holdings Inc said on Tuesday two investment firms raised their stakes in the airline to engage it on issues ranging from board composition to capital structure and enhancing shareholder value.
Haier’s GE unit buy highlights growing China M&A maturity
HONG KONG (Reuters) – In the lead up to General Electric Co’s appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global M&A deal.
Takata recalls air bag inflators in 5.1 million U.S. vehicles
(Reuters) – U.S. auto safety regulators said Tuesday that air bag maker Takata Corp declared 5.1 million U.S. vehicles defective, as the company disclosed an 11th death could be linked to a faulty airbag.
Ford CEO joins IBM board as auto industry transforms
(Reuters) – Ford Motor Co Chief Executive Mark Fields is joining IBM’s board of directors as the No. 2 U.S. automaker explores alternative mobility options beyond selling cars and trucks.
AT&T revenue below forecasts, shares fall
(Reuters) – AT&T Inc, the No. 2 U.S. wireless carrier, said fourth-quarter revenue grew less than expected as it added fewer mainstream wireless customers than a year ago due to stiffer competition from rivals.
Oil fuels ‘schizophrenic’ rebound on Wall Street
(Reuters) – Wall Street rebounded over 1 percent on Tuesday, driven by a surge in oil prices and strong quarterly results from 3M, Johnson & Johnson and Procter & Gamble.
Oil surges on hopes for output cuts to trim glut
NEW YORK (Reuters) – Oil prices surged on Tuesday, settling more than 4 percent higher as investors found reasons to hope for output cuts that could eventually reduce one of the biggest global supply gluts in decades.
Continental Resources slashes 2016 budget by 66 percent
HOUSTON (Reuters) – Continental Resources Inc , North Dakota’s second-largest oil producer, said on Tuesday it would slash its 2016 capital budget by 66 percent as it tries to preserve cash amid tumbling crude prices.
J&J profit beats forecasts, helped by lower taxes, cost cuts
(Reuters) – Johnson & Johnson on Tuesday reported higher-than-expected quarterly earnings, helped by cost cuts and lower taxes, and gave a 2016 profit outlook slightly above Wall Street’s.
Trump drug cost comments raise new risks for pharma stocks
NEW YORK (Reuters) – Comments from Republican presidential front-runner Donald Trump that Medicare could reap huge savings by negotiating with drugmakers raise new risks for the biotech and pharmaceutical industries, whose shares have been pressured by…
