U.S. state spending growth to slow in 2016: survey
NEW YORK (Reuters) – U.S. states plan to slow spending growth in fiscal 2016, taking a cautious approach to forecasting and budgeting amid only modest increases in revenue, according to a survey of states published on Tuesday.
JetBlue Airways eyes long-range Airbus for growth overseas
NEW YORK (Reuters) – JetBlue Airways Corp is eyeing a long-range plane from Airbus that could carry its customers to distant places abroad for the first time in its history, potentially growing its network in South America.
Coty nears deal to buy P&G businesses for about $12 billion: source
(Reuters) – U.S. cosmetics group Coty has won auctions to acquire three businesses from Procter & Gamble Co for as much as $12 billion, a source familiar with the matter told Reuters.
CVS-Target deal could spur supermarkets to find pharmacy partners
CHICAGO (Reuters) – Target Corp’s sale of its in-store pharmacies to CVS Health Corp may encourage large supermarket chains with struggling pharmacies to look for professional drug store partners of their own.
Bankrupt gun maker Colt up for auction. Opening bid: $0
(Reuters) – U.S. gun maker Colt filed for bankruptcy protection on Sunday and has put itself up for sale in an unusual auction with an opening proposal from its current owner.
Greece, creditors dig in after debt talks founder
ATHENS/BERLIN (Reuters) – Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany’s EU commissioner to say the time had come to prepare for a “state o…
Gap to close 175 stores, cut jobs at headquarters
(Reuters) – Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its …
Greek angst weighs on Wall Street; health stocks rise
(Reuters) – Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market’s loss.
CVS Health to buy Target’s pharmacy business for $1.9 billion
(Reuters) – Drugstore operator CVS Health Corp will buy Target Corp’s pharmacies and clinics in a $1.9 billion deal that should help it bargain with drug makers for lower prices, while freeing Target from a costly business where it struggled to make a …
Judge rules for ex-AIG CEO Greenberg over 2008 bailout, but no damages
WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday awarded no damages to American International Group Inc shareholders led by former CEO Maurice “Hank” Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. Federal Re…
