Dorsey’s Square jumps in market debut, offering hope to tech startups
(Reuters) – Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negat…
Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources
(Reuters) – Pfizer Inc is negotiating a 2-3 percent break-up fee with Allergan Plc that would be in line with most deals, people familiar with the matter said, a sign of confidence that such a merger could overcome regulatory hurdles.
Gap cuts full-year profit forecast as dollar weighs
(Reuters) – Apparel retailer Gap Inc cut its 2015 profit forecast, hurt by a strong dollar and weak sales at its Banana Republic and Gap brands but Chief Executive Arthur Peck said the brands would see a material improvement in spring.
Volkswagen faces pressure in U.S. to buy back older diesel cars
(Reuters) – Volkswagen , which is set to provide detailed plans to fix vehicles that do not comply with U.S. emissions standards, faced more pressure on Thursday from officials in Washington and California to buy back older diesel cars.
Wall St. edges down; healthcare sinks and Intel climbs
(Reuters) – Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in December.
Wage pressures coming? U.S. companies start to sound the alarm
NEW YORK (Reuters) – Early indications of wage pressures in pockets of corporate America have begun emerging in recent weeks, suggesting labor costs could be a bigger headwind for U.S. companies in 2016.
SolarCity CEO: Credit score requirement won’t be cut for years
(Please note that the eighth paragraph contains language that some readers may find offensive)
Investors ‘swipe right’ in Tinder-owner Match’s debut
(Reuters) – Shares of media mogul Barry Diller’s Match Group Inc , the owner of popular dating site Match.com and mobile app Tinder, jumped as much as 24 percent in their market debut on Thursday, valuing the company at $3.57 billion.
Tyson Foods to close two plants, cut 880 jobs
(Reuters) – Tyson Foods Inc , the biggest U.S. meat processor, said it would stop operations at two of its plants in the United States, affecting about 880 employees.
U.S. consumers favor Amazon for online holiday shopping
CHICAGO (Reuters) – A majority of U.S. consumers plan to go to Amazon.com for most of their online holiday shopping, according to a Reuters/Ipsos poll, even after traditional retailers have collectively spent billions of dollars to try to capture Web d…
