Activist investor turns up heat on Yahoo, seeks leadership change
(Reuters) – Activist investor Starboard Value LP on Wednesday ramped up pressure on Yahoo Inc , taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching.
Netflix now live in almost all countries, skips China
(Reuters) – Netflix Inc’s video-streaming services went live in more than 130 countries on Wednesday, covering almost the entire globe except China, in a huge global push by Chief Executive Reed Hastings to counter slowing growth at home.
Exclusive: Scotia in talks to sell part of commercial financing portfolio – sources
TORONTO (Reuters) – Bank of Nova Scotia , Canada’s third biggest lender, is in discussions to sell a C$1 billion ($715 million) vendor and equipment financing portfolio, according to four sources familiar with the matter.
Macy’s lowers earnings forecast; to cut jobs
(Reuters) – Department store chain Macy’s Inc, which lowered its full-year earnings expectations for the second time, said it would cut jobs and consolidate its operations, starting early 2016.
House Democrats urge rejection of CP bid for Norfolk Southern
WASHINGTON (Reuters) – Two senior Democrats in the House of Representatives urged federal regulators on Wednesday to reject any acquisition of railroad operator Norfolk Southern Corp by Canadian Pacific Railway Co.
Audi to raise share of electric cars to 25 percent of U.S. sales
BERLIN (Reuters) – Audi aims to increase the share of electric cars to a quarter of its U.S. deliveries by about 2026 as the luxury brand steps up efforts to improve battery technology, the head of its U.S. operations said on Wednesday.
Top Apple supplier plans rare holiday as output fears rattle investors
TAIPEI (Reuters) – Foxconn, which assembles most of Apple Inc’s latest iPhones, will cut working hours over the week-long Lunar New Year holiday, a person familiar with the matter said, in a rare move that analysts interpreted as a sign of softening de…
Automakers strike back at Silicon Valley disruptors
LAS VEGAS (Reuters) – Big automakers have spent several years watching their stock prices drift while the valuations of upstarts such as Uber and Tesla soared.
Foreign buyers look to ride out latest China share troubles
LONDON (Reuters) – Foreigners holding Chinese shares appear largely unworried by the latest dive on domestic markets, with some even looking to pick up bargains if the removal of an emergency stock sale ban unleashes a bigger plunge.
Crude oil slides by five percent as gasoline spike paints bleak outlook
NEW YORK (Reuters) – Crude oil prices were more than 5 percent lower on Wednesday after tumbling below $35 per barrel for the first time since 2004, as a sharp rise in U.S. gasoline stocks reinforced a bleak picture that the market was awash with plent…
