Internet firms to be subject to new cybersecurity rules in EU
BRUSSELS (Reuters) – Internet firms such as Cisco , Google and Amazon will be subject to a new EU cybersecurity law forcing them to adopt tough security measures and possibly report serious breaches to national authorities, according to a document seen…
Mylan CEO says does not ‘have to’ buy Perrigo, has other options
NEW YORK (Reuters) – Generic drugmaker Mylan Inc’s chief executive said on Thursday that acquiring Perrigo Co was not a must and that it had other options should Perrigo successfully fend off Mylan’s $34 billion hostile offer.
BlackRock betting big data can help revive its active equity funds
NEW YORK (Reuters) – BlackRock Inc CEO Larry Fink is betting that a trillion points of data can help revive his firm’s ailing stock-picking business.
Oil at multi-month lows; hunt for new bottom as gasoline piles up
NEW YORK (Reuters) – Oil set multi-month lows on Thursday as investors and traders sought clues about the market’s next bottom after a large drop in U.S. crude inventories failed to boost prices.
Fed’s forecasts for jobless rate look out of step with history
WASHINGTON (Reuters) – Most Federal Reserve policymakers expect the U.S. jobless rate will stop plunging and stabilize right around its long-term normal level, a risky forecast given that this apparently hasn’t happened in at least a half century.
Exclusive: UBS closes Paulson Advantage feeder fund – sources
BOSTON (Reuters) – UBS AG shut down a feeder fund at the end of July that provided wealthy clients access to billionaire investor John Paulson’s Advantage fund due to the high cost of operating that portfolio, two sources said on Thursday.
New York Times revenue misses as print ad sales fall again
(Reuters) – New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter.
Viacom revenue miss adds to concerns over U.S. cable companies
(Reuters) – Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services.
Jobless claims edge up, but labor market still solid
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten.
Three European Coca-Cola bottlers to merge
LONDON (Reuters) – Three European bottlers of Coca-Cola drinks have agreed to merge in what will be one of the continent’s largest consumer products deals ever, as they hope greater scale and cost cutting will recharge tepid soft drink sales.
