Exclusive: GE expected to win EU approval for $14 billion Alstom deal
BRUSSELS (Reuters) – General Electric is expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for French peer Alstom’s power business, its largest ever deal, two people familiar with the matter said on Friday.
Hedge funds take fresh look at General Motors in second quarter
BOSTON (Reuters) – Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors during the second quarter, despite the company’s battling a deadly ignition defect and tangling with shareholders over its stock price.
Euro ministers give blessing to Greek bailout, wooing IMF on debt
BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers agreed on Friday to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras.
Buffett’s Berkshire Hathaway hints at new purchase, ups Charter stake
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp , and signaled it may have another large investment planned after agreeing to buy Precision Castparts Corp in its l…
Hedge funds added Apple shares in second quarter, filings show
BOSTON (Reuters) – Top U.S. hedge funds bought new shares of Apple Inc during the second quarter or added to their existing positions, ahead of a decline in the value of shares of the iPhone maker.
Wall St. edges up after upbeat data, Greek bailout agreement
(Reuters) – U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.
U.S. crude edges up from six-and-a-half-year low, expiring Brent dips
NEW YORK (Reuters) – U.S. crude oil edged higher after falling to a fresh 6-1/2-year low on Friday, posting a seventh weekly loss amid concerns over global oversupply, while Brent futures slipped as the front-month September contract approached expirat…
J.C. Penney loss narrows as Sephora stores help attract shoppers
(Reuters) – J.C. Penney Co Inc reported a smaller-than-expected quarterly loss, helped by demand for home goods and high-end Sephora beauty products, indicating that the department store operator’s turnaround efforts were starting to pay off.
Exclusive: GE expected to win EU approval for $14 billion Alstom deal – sources
BRUSSELS (Reuters) – General Electric is expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for French peer Alstom’s power business, its largest ever deal, two people familiar with the matter said on Friday.
America’s oldest CEO puts his Dole buyout to a high-stakes test
(Reuters) – Any day now, David Murdock, the 92-year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish.
