U.S. crude slump cools, market awaits inventory data
NEW YORK (Reuters) – U.S. crude oil futures steadied on Tuesday after falling sharply a day earlier on worries about Greece’s indebtedness and China’s stock market losses, although charts indicated renewed selling could push prices into bear market ter…
Carnival aims to start ‘cultural’ Cuba cruises in May
MIAMI (Reuters) – Carnival Corp has won U.S. approval to operate culturally-themed cruises to Cuba and plans to start taking travelers there in May, joining a growing list of maritime companies hoping to profit from a thaw in relations between Washingt…
Oracle says Rimini Street copyright trial to begin in September
(Reuters) – Oracle Corp said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival’s Chief Executive Seth Ravin would go to trial in September.
Ferrari to pick UBS to manage New York stock listing: Bloomberg
(Reuters) – Ferrari SpA, the luxury car unit being spun off by Fiat Chrysler Automobiles , has picked UBS Group AG to help manage its initial public offering in New York this year, Bloomberg reported, citing people familiar with the matter.
Fiat Chrysler and CNH Industrial sign Italian labor deal
TURIN, Italy (Reuters) – Carmaker Fiat Chrysler Automobiles (FCA) and tractor manufacturer CNH Industrial signed a four-year labor deal for workers in Italy on Tuesday, in a sign of improving relations with unions.
Exclusive: Twinkies maker Hostess Brands shelves sale for IPO – sources
(Reuters) – Hostess Brands LLC, the U.S. bakery company whose snack cake brands include Twinkies and Ding Dongs, has pulled itself from the auction block because it believes it can command a higher valuation in an initial public offering (IPO), accordi…
Iberdrola to file new takeover plan for UIL in Connecticut
MADRID (Reuters) – Spanish power group Iberdrola will set out a new proposal for its $3 billion takeover of U.S. firm UIL Holdings , the two companies said on Tuesday, as they seek to address objections raised by a Connecticut antitrust watchdog.
U.S. trade deficit widens; weakness abroad fuels export drop
WASHINGTON (Reuters) – The U.S. trade deficit widened in May, fueled by a drop in exports that could heighten concerns over weak overseas demand and a strong U.S. dollar.
Monsanto CEO says bigger Syngenta break-up fee ‘counterproductive’: paper
ZURICH (Reuters) – Monsanto believes offering a higher break-up fee to Syngenta if its $45 billion takeover approach does not go ahead would be counterproductive, Chief Executive Hugh Grant told a Swiss newspaper.
China stocks fall again despite support measures
SHANGHAI (Reuters) – Chinese stocks fell on Tuesday, taking little comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang’s failure to mention the market chaos in a statement on the econo…
