Ackman to hold call to discuss investment in Valeant
(Reuters) – Pershing Square Holdings said it would hold a call later this week where its CEO Bill Ackman and other executives would address questions related to the hedge fund’s investment in Valeant Pharmaceuticals International .
Finnish PM criticizes steel company’s golden handshake: paper
HELSINKI (Reuters) – Finnish Prime Minister Juha Sipila has criticized a 1.5 million euro golden handshake given to the outgoing chief executive of troubled steel company Outokumpu , adding that compensation policies in state-owned companies will chang…
Alibaba gets more bang for its buck as revenue growth tops forecasts
(Reuters) – China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth, as mobile shopping grows.
Delta to leave U.S. airline trade group in 2016
(Reuters) – Delta Air Lines Inc has decided to split from the trade group Airlines for America (A4A), the airline and the group said on Tuesday, a move that could weaken U.S. airlines’ ability to lobby as a united front in Washington.
Why Fed may hike rates before seeing whites of inflation’s eyes
WASHINGTON (Reuters) – Further falls in America’s jobless rate will lead inflation to start rising early next year, according to a forecast based on research Federal Reserve Chair Janet Yellen has cited as shaping her confidence a rate hike could be ne…
Exclusive: VW shelves overhaul of U.S. business until scandal abates – sources
BERLIN/HAMBURG (Reuters) – Volkswagen has shelved plans to overhaul the management of its North American business and will not address its future strategy there until it has reached legal agreements over its rigging of emission tests, two sources famil…
Ford Motor third-quarter profit misses estimate, shares drop
DETROIT (Reuters) – Ford Motor Co reported sharply higher quarterly profit on Tuesday, driven by its record quarterly performance in North America, but missed Wall Street estimates because of higher taxes.
McDonald’s asks judge to toss out U.S. labor board’s ‘massive” subpoena
(Reuters) – McDonald’s Corp has asked a U.S. judge to reject a subpoena from the National Labor Relations Board in its case claiming the company is a “joint employer” of franchise workers, saying the requests are unfair and costly.
PayPal says makes $1 billion in small-business loans in first two years
LAS VEGAS (Reuters) – PayPal Holdings Inc , the online payment processor, said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span.
Top U.S. drugmakers ride new products to strong results
NEW YORK (Reuters) – Growing sales of expensive new cancer drugs and other newer medicines propelled top U.S. drugmakers Pfizer Inc , Merck & Co and Bristol-Myers Squibb Co to stronger-than-expected third-quarter profits.
