Time Warner falls as Disney’s cable warning spooks sector
(Reuters) – Time Warner Inc’s shares fell as much as 9 percent after Walt Disney Co alarmed investors with a dour outlook for its cable business, suggesting that more people were switching to video-streaming from paid TV than previously expected.
Perrigo CEO says no easy path for Mylan to acquire company
(Reuters) – Perrigo Co Plc on Wednesday made a fresh case for rejecting a $34 billion offer from generic drugmaker Mylan NV and said Mylan’s recent share price plunge reinforces Perrigo’s intention to remain independent.
Greek bank shares plunge for third day, drag down broader market
ATHENS (Reuters) – Greek bank shares sold off sharply for the third day in a row on Wednesday with buyers yet to emerge on a scale large enough to counter continued dumping of the stocks.
Greece’s Tsipras says loan deal with lenders close
ATHENS (Reuters) – Prime Minister Alexis Tsipras said on Wednesday that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone.
Sharply divided SEC adopts controversial CEO pay ratio rule
WASHINGTON (Reuters) – A sharply divided U.S. Securities and Exchange Commission adopted new rules on Wednesday that will require certain companies to publish a ratio of how their chief executives’ pay squares with the median pay of their workers.
Facebook launches feature to allow businesses to privately message users
SAN FRANCISCO (Reuters) – Facebook Inc rolled out features Wednesday that enable businesses to privately communicate with customers through messages as part of the social networking company’s push to make its Messenger app a stand-alone platform.
Morgan Stanley raises $1.7 billion for real estate fund
(Reuters) – Morgan Stanley said on Wednesday it has raised $1.7 billion for its eighth direct investment real estate fund.
Fed’s rate path to define dollar strength in the coming year: Reuters poll
(Reuters) – With the U.S. Federal Reserve poised to hike interest rates as early as next month, the dollar will rise in the coming year, but by how much will depend on the course of monetary policy, a Reuters poll found.
U.S. services sector growth ticks up in July: Markit
NEW YORK (Reuters) – – U.S. services sector growth improved modestly in July from June, owing to a slight gain in employment and in new business, an industry report showed on Wednesday.
BP to invest $1 billion in upgrading ageing North Sea fields
LONDON (Reuters) – British oil major BP will spend $1 billion to increase output from oil fields off the eastern coast of Scotland, it said on Wednesday, at a time when oil companies are seeking to exit the ageing UK North Sea basin.
