United Airlines sales hurt by Paris attacks, weaker oil industry demand
(Reuters) – United Airlines said on Monday that its passenger unit revenue may have fallen more than expected in the just ended fourth quarter, after the November attacks in Paris shook traveler demand and sharply lower oil prices hurt sales to the Hou…
Dow, S&P 500 end up in late turnaround; Alcoa dips after hours
(Reuters) – The Dow and S&P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market.
Drugmaker Shire to buy Baxalta for $32 billion after six-month pursuit
LONDON (Reuters) – Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday with an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases.
VW may buy back some cars in emissions scandal: CEO on CNBC
FRANKFURT (Reuters) – German automaker Volkswagen may end up buying back some cars affected by the emissions scandal, its chief executive told CNBC in an interview.
Detroit’s auto industry is changed, but not as Washington planned
DETROIT (Reuters) – When U.S. President Barack Obama visits Detroit’s annual auto show on Jan. 20, exactly one year before he leaves office, he is expected to tout how much the industry has changed since he orchestrated a federally funded rescue in 2009.
Exclusive: Hedge funds stars join losers’ club for first time
NEW YORK (Reuters) – An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss.
Starboard urges Macy’s to strike real-estate deals
(Reuters) – Hedge fund Starboard Value LP urged department store chain Macy’s Inc to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets.
China’s yuan spikes higher, but stocks tumble
SHANGHAI (Reuters) – China guided its yuan currency higher on Monday, and offshore it surged against the dollar, spurred by what traders called aggressive intervention by Beijing, although Chinese stocks tumbled again as doubts persisted over policymak…
Not likely enough new data for first quarter rate hike: Fed’s Lockhart
ATLANTA (Reuters) – There may not be enough fresh data on inflation to support a second U.S. interest rate increase in January or March, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday in comments that help give shape to the Fed’s…
Investor group offers to buy American Apparel for $300 million
(Reuters) – Bankrupt teen apparel retailer American Apparel Inc received a $300 million bid on Monday from a group of investors who are backing the return of the company’s controversial founder, Dov Charney.
