Toshiba seeks more funds for restructuring: Nikkei
(Reuters) – Toshiba Corp , reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported.
Carl Icahn trumps Bridgestone’s offer for Pep Boys again
(Reuters) – Activist investor Carl Icahn trumped Japanese tire maker Bridgestone Corp’s latest offer for Pep Boys-Manny Moe & Jack by $1.50 per share, as the bidding war for the U.S. auto parts retailer continues.
Wall Street cedes ground as oil decline deepens
(Reuters) – Wall Street fell on Monday, hurt by a steep drop in oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015.
U.S. holiday retail sales grow a ‘solid’ 7.9 percent: MasterCard
(Reuters) – Strong online sales and demand for furniture and women’s apparel helped U.S. retail sales grow by a “solid” 7.9 percent this holiday season, according to MasterCard Advisors SpendingPulse.
Valeant selects trio to fill in for ailing CEO, shares dive
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc on Monday said a group of company executives will immediately take over for its chief executive officer until he returns from medical leave, news that sent its shares tumbling 10 percent.
Whole Foods to pay $500,000 to resolve NY City overcharging probe
NEW YORK (Reuters) – Whole Foods Market Inc has agreed to pay $500,000 to resolve an investigation into whether the supermarket chain charged too much for some prepackaged foods at its New York City stores, a city agency announced on Monday.
Equities pulled lower by oil, China concerns
NEW YORK (Reuters) – Global equities were lower on Monday, pressured by another downdraft in oil prices and worries over growth in China’s economy, while the holiday season kept trading volumes muted.
JPMorgan to raise deposit rates for some big clients in Jan -WSJ
(Reuters) – JPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter.
Oil down 3 percent; Brent near 11-year low as oversupply worries return
NEW YORK (Reuters) – Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week’s short-covering dried up and players worried that crude prices had more room to swoon in the new year.
Wall Street in 2016: What could possibly go wrong?
NEW YORK (Reuters) – By all rights, 2016 should be a good year for the U.S. stock market.
