Exclusive: Petco begins merger talks with PetSmart – sources
NEW YORK (Reuters) – Petco Holdings Inc is exploring the possibility of being acquired by PetSmart Inc, according to people familiar with the matter, in a merger that could create a company that accounts for 30 percent of U.S. pet specialty supplies st…
U.S. crude tumbles 5 percent; Wall Street selloff offsets rig data
NEW YORK (Reuters) – Oil prices tumbled on Friday, with U.S. crude falling 5 percent, after a selloff in Wall Street equities offset positive impact to crude from a third weekly decline in the U.S. oil rig count.
Sprint says to expand roaming to Cuba
SAN FRANCISCO (Reuters) – Sprint Corp said it plans to expand roaming to Cuba but did not offer a set time frame or any additional details.
Apple customers report devices crashing on iOS 9 update
SAN FRANCISCO/SYDNEY (Reuters) – A significant number of Apple Inc customers are reporting their mobile devices have crashed after attempting to upload the new iOS 9 operating system, the latest in a line of launch glitches for the tech giant.
Florida voted 21.7 million shares ‘against’ BofA board structure change
BOSTON (Reuters) – Florida pension officials said Friday they have voted 21.7 million shares of Bank of America Corp stock “against” bylaw changes that allowed the bank to combine its chairman and chief executive roles.
Wary Fed has markets recalling years of Japan disappointment
LONDON (Reuters) – If Japan’s experience in the 1990s is anything to go by, central banks that serially disappoint market expectations of higher interest rates will soon see those expectations fall to zero.
Central banks fret stimulus efforts are falling short
LONDON (Reuters) – The world’s leading central banks are facing the risk that their massive efforts to revive economic growth could be dragged down again, with some officials arguing for bold new ideas to counter the threat of slow growth for years to …
Back to basics, and beyond: automakers seek to counter China slowdown
(This September 17 story has been corrected to change figure in second paragraph to 45 percent from 5 percent)
Daimler to invest $1.3 billion in Tuscaloosa SUV production
FRANKFURT (Reuters) – Daimler is investing $1.3 billion to expand production capacity for Mercedes-Benz sports utility vehicles in Tuscaloosa, Alabama.
JPMorgan third-quarter trading revenue down like other firms, CEO says
NEW YORK (Reuters) – JPMorgan Chase & Co’s third-quarter markets revenue is running “about the same as everybody else,” Chief Executive Officer Jamie Dimon said on Friday after two major competitors had said their revenues were down about 5 percent from a year earlier.
