Disney shares drop after company lowers cable outlook
(Reuters) – Walt Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday.
U.S. luxury fashion retailer Neiman Marcus files for IPO
(Reuters) – U.S. luxury fashion retailer Neiman Marcus Group Inc filed with U.S. regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
Apple’s momentum ‘meltdown’ bites investors
NEW YORK (Reuters) – Has the “curse of the Dow” finally caught up with Apple?
Wall Street moves lower on Apple, interest rate worries
(Reuters) – Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple’s shares hit their lowest in over six months.
Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta
LONDON (Reuters) – Drugmaker Shire said on Tuesday it was seeking to buy Baxalta , a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases.
Exclusive: UBS was warned of Puerto Rico loan practices, e-mails show
NEW YORK (Reuters) – A UBS AG branch manager in Puerto Rico warned bank officials that brokers for the firm had urged customers to engage in improper loan practices, more than two years before the bank made a $5.2 million settlement over the matter with the island’s financial regulator, according to internal bank correspondence reviewed by Reuters.
Greece and lenders strike upbeat tone, deal seen on bailout
ATHENS (Reuters) – Both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness.
Soros’ CIO to start own hedge fund with $2 billion
NEW YORK (Reuters) – Scott Bessent, who has been overseeing George Soros’ $30 billion fortune for the last four years and whom some consider Soros’ protege, will leave at the end of 2015 to start his own hedge-fund firm.
ATM fee lawsuits against Visa, Mastercard, banks revived on appeal
NEW YORK (Reuters) – A federal appeals court has revived litigation against Visa Inc , Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law.
Apple denies plan to sell mobile services directly to consumers
FRANKFURT/PARIS (Reuters) – Apple Inc , the world’s most profitable mobile phone maker, has denied working on a plan to market communications services directly to consumers and bypass the telecom companies on which it has long relied to sell its produc…
