U.S. says no settlement offer from Electrolux in GE appliance deal fight
WASHINGTON (Reuters) – The U.S. Department of Justice, which is suing to stop Sweden’s AB Electrolux from buying General Electric Co’s appliance business, said on Tuesday that it had received no settlement offer from the companies that might allow the …
Twenty-First Century Fox nominates ValueAct CEO to board
(Reuters) – Twenty-First Century Fox Inc said it agreed to nominate ValueAct Capital Chief Executive Jeffrey Ubben for election to its board as long as the hedge fund maintains a stake of at least 5 percent in the film and TV company.
AT&T may take $1.1 billion charge on DirecTV’s Venezuela assets
(Reuters) – AT&T Inc may take a charge estimated at $1.1 billion related to DirecTV’s Venezuela assets in what is the latest U.S. company to confront the South American country’s currency woes.
Yahoo rises on decision to proceed with Alibaba stake spinoff
(Reuters) – Yahoo Inc shares rose as much as 6 percent on Tuesday after the company said it would proceed with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free.
Oil ticks up with Wall Street shares; awaits U.S. storage data
NEW YORK (Reuters) – Oil prices rose more than 2 percent on Tuesday as higher stock prices on Wall Street and expectations of lower U.S. crude inventories lifted the market from the previous day’s slide.
Cargolux may buy five 747s, says China gloom overstated
LUXEMBOURG (Reuters) – Cargolux is in talks with Boeing to buy five more 747-8F freighter jets, the head of Europe’s largest all-freight carrier said on Tuesday.
Icahn urges Fed to get off zero, says ‘treacherous path’ undertaken
NEW YORK (Reuters) – Billionaire investor activist Carl Icahn ramped up criticism of the U.S. Federal Reserve, warning about the unintended consequences of ultra low interest rates on the economy and financial markets.
Over 200 million chip-enabled payment cards issued in the U.S.: group
CHICAGO (Reuters) – In an effort to reduce counterfeit and credit card fraud more than 200 million payment cards have been issued with embedded computer chips in the U.S., ahead of a Oct. 1 deadline for the switch to such cards, according to the Smart …
U.S. home price growth steady in July: S&P/Case-Shiller
NEW YORK (Reuters) – U.S. single-family home prices rose in July, matching the pace of price gains in June but falling just short of expectations, a closely watched survey said on Tuesday.
Glencore slumps 30 percent as debt fears grow
LONDON (Reuters) – Shares in mining and trading company Glencore fell almost 30 percent and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
