Hollande and Tsipras want Greek bailout agreed in late August
ATHENS/ISMAILIA, Egypt (Reuters) – A new bailout for Athens should be agreed by late August, Greek Prime Minister Alexis Tsipras and French President Francois Hollande said on Thursday.
Media stock selloff leaves Wall Street bruised
(Reuters) – Wall Street ended sharply lower on Thursday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis.
U.S. companies may be hiring but lid on wages, investment hits productivity
BRIDGEPORT, NJ (Reuters) – As the Federal Reserve puzzles over what is holding back U.S. wages and productivity six years into the economic recovery, a pasta sauce company in New Jersey may offer some answers.
McDonald’s cuts 225 corporate jobs in July amid restructuring
LOS ANGELES (Reuters) – McDonald’s Corp said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 corporate employees posted overseas as part of a major restructuring at the fast-food chain, which has been fighting to reverse a…
U.S. hospitals urge DOJ antitrust probe of Anthem-Cigna deal
NEW YORK (Reuters) – U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc’s planned acquisition of rival Cigna Corp would boost healthcare costs.
EU Commission: Third bailout deal with Greece possible before August 20
BRUSSELS (Reuters) – Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday.
Investor Ackman takes $5.5 billion stake in Cadbury owner Mondelez
(Reuters) – Activist investor William Ackman has built a stake worth about $5.5 billion in Mondelez International Inc , the maker of Cadbury chocolate and Oreo cookies, in what is seen as an attempt to push the company to boost earnings or sell itself….
Blackstone teams up with Hellman & Friedman for Worldpay bid: sources
LONDON (Reuters) – U.S. private equity firm Blackstone has joined forces with buyout fund Hellman & Friedman to bid for British payments processing company Worldpay, two sources familiar with the matter said on Thursday.
Bank of England signals early 2016 hike after sterling climb
LONDON (Reuters) – The Bank of England pointed to a possible rise in interest rates early next year after just one of its top policymakers backed an immediate move, as it forecast that the strength of sterling meant inflation would only pick up slowly….
Disney warning eclipses AMC Networks’ sales rise
(Reuters) – AMC Networks Inc’s shares fell as much as 14 percent despite the company’s strong results, continuing a slide triggered by Walt Disney Co’s forecast that suggested that more customers were deserting paid TV than expected.
