Wall Street ends lower, but health stocks rally
NEW YORK (Reuters) – U.S. stocks ended a quiet session with modest losses on Thursday, but healthcare stocks rallied after the U.S. Supreme Court upheld tax subsidies key to President Barack Obama’s signature healthcare reform law.
Nike beats estimates again as demand shows no sign of abating
(Reuters) – Nike Inc , the world’s largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in growth of “futures orders”.
Ousted CEO Charney files two more lawsuits against American Apparel
(Reuters) – American Apparel Inc said its ousted Chief Executive Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud.
Aetna close to buying Humana – Bloomberg
(Reuters) – U.S. health insurer Aetna Inc is close to buying rival Humana Inc and a deal could be signed as early as this weekend, Bloomberg reported, citing people familiar with the matter.
No deal for Greece, creditors; top-level talks resume Saturday
BRUSSELS (Reuters) – Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to either avert a default next week or start preparing to protect the euro zone from financial market tur…
Canada’s Valeant approaches to buy Zoetis: WSJ
(Reuters) – Canada-based drugmaker Valeant Pharmaceuticals International Inc has approached to buy Zoetis Inc , an animal-health company, the Wall Street Journal reported.
IMF to Fed: Drop the dots
WASHINGTON (Reuters) – Now that International Monetary Fund head Christine Lagarde has told the Fed to wait to raise interest rates, the IMF staff has followed up with suggestions that the U.S. central bank remake its communications policy and, in a ph…
Lululemon recalls draw cords on women’s top due to injury risk
TORONTO (Reuters) – Lululemon Athletica Inc , which was hit by a high-profile recall of overly sheer yoga pants in 2013, is recalling the drawstrings on more than 300,000 women’s tops due to the risk of injury, but said the financial impact was not mat…
Bankrupt gun maker Colt gets revised loan, eases rush to sale
(Reuters) – Bankrupt gun maker Colt Holdings has reached an agreement with its bondholders that will postpone the company’s rush into a controversial sale to its current private equity owner while also providing much-needed cash.
James Murdoch says family is united as he takes helm of Fox
CANNES (Reuters) – James Murdoch, who will take the helm of Twenty-First Century Fox next week, said there was little he and his father Rupert did not agree on with respect to the future of the family media empire.
