Sony proceeds with plan to sell music publishing unit: WSJ
(Reuters) – Sony Corp is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the world’s largest music publisher, the Wall Street Journal reported.
Monsanto slashing 2,600 jobs, buying back shares as sales fall
(Reuters) – Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market.
All eyes on ADM and Bunge after Cargill profit jumps 20 percent
CHICAGO (Reuters) – A 20 percent quarterly profit jump for global grains trader Cargill Inc [CARG.UL] suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co and Bunge Ltd may be more of a blip than long- te…
Smaller U.S. businesses fear freeze from EU privacy ruling
SAN FRANCISCO/BRUSSELS (Reuters) – U.S. businesses from online coupon company RetailMeNot Inc to security software company Symantec Corp said a European change to rules governing transatlantic personal data transfers would hurt U.S. companies and calle…
Smaller U.S. businesses fear freeze from EU privacy ruling
SAN FRANCISCO/BRUSSELS (Reuters) – U.S. businesses from online coupon company RetailMeNot Inc to security software company Symantec Corp said a European change to rules governing data transatlantic personal data transfers would hurt U.S. companies and …
Volkswagen plays down hopes of quick answers over emissions cheating
WOLFSBURG, Germany (Reuters) – Volkswagen said on Wednesday it would take time to get to the bottom of its rigging of diesel emissions tests, hours before the carmaker is due to give updates on its findings to German regulators and U.S. lawmakers.
Fiat Chrysler, U.S. union UAW at table as strike looms
DETROIT (Reuters) – With a threatened strike hanging over them, negotiators from Fiat Chrysler Automobiles NV and the United Auto Workers union continued to meet on Wednesday afternoon, a Fiat Chrysler spokeswoman said.
S&P 500 reaches three-week high as health stocks rally
(Reuters) – U.S. stocks ended stronger after a volatile session on Wednesday, led by a rebound in biotechnology companies that pushed the S&P 500 to its highest level in three weeks.
S&P revises GE credit outlook to negative after Peltz buys in
(Reuters) – Standard & Poor’s said on Wednesday it was more likely than before to cut General Electric Co’s credit rating in the next two years after activist investor Nelson Peltz’s purchase of a $2.5 billion stake in the company.
Herbalife shares slump on Nu Skin, Ackman’s ‘new’ information
BOSTON/NEW YORK (Reuters) – Shares in nutrition company Herbalife Ltd , which billionaire investor William Ackman has accused of being a fraud, fell 7.5 percent on Wednesday, feeling the pressure from rival cosmetics maker Nu Skin’s cut to sales foreca…
