Activist investor Elliott set sights on Asia’s family-run firms
HONG KONG/NEW YORK (Reuters) – U.S. billionaire Paul Singer appears to have paved the way for activist investors to fight for shareholders’ rights where few hedge funds have ventured: Asia’s biggest family-run firms.
Euro zone sets emergency summit on Greece as money flees
ATHENS/LUXEMBOURG (Reuters) – Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a…
Airbus steals show with last-minute $14 billion Wizz deal
PARIS (Reuters) – Airbus won the Paris Airshow with a last-minute $14 billion deal to sell 110 jets to Hungary’s Wizz Air on Thursday, diverting attention from a growing industry debate over how quickly a record backlog of jet orders can be built.
Nasdaq at record as Wall Street runs on strong data; Greece eyed
(Reuters) – The Nasdaq Composite on Thursday erased its last standing milestone from the dot-com era as it set a record intraday high, with stocks on Wall Street in rally mode boosted by strong economic data.
McDonald’s says number of U.S. restaurants will shrink this year
NEW YORK (Reuters) – McDonald’s Corp said Thursday that it will have fewer restaurants in the United States in 2015 than it did last year.
Exclusive: Apple mines big profits from Watch band
San Francisco (Reuters) – Nearly 20 percent of Apple Watch buyers are not only shelling out hundreds of dollars for the timepiece but are springing for a spare band too, giving the tech giant a profitable second dip into customers’ wallets, according t…
Oil up third day on dollar slump, U.S. crude draw data
NEW YORK (Reuters) – Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures.
U.S. inflation stirring as energy-driven price plunge ebbs
WASHINGTON (Reuters) – U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.
GM asking advisors for help rekindles FCA merger talk
MILAN (Reuters) – General Motors seeking advice from investment banks shows it is taking an attempt by Fiat Chrysler Automobiles (FCA) to force a merger with its larger U.S. rival seriously, analysts and traders said.
Top tech fund likes data, chip shares as Nasdaq tops record
NEW YORK (Reuters) – Out-of-favor networking and data centers look attractive as the Nasdaq Composite index breaks new records, said Kevin Landis, whose $133.4 million Firsthand Technology Opportunities fund is the top performing U.S. tech fund this ye…
