Adidas under fire from investors despite recovery signs
FUERTH, Germany (Reuters) – Adidas shareholders took aim at the management of the German sportswear company on Thursday, not convinced a new strategy would be enough to challenge the dominance of rival Nike .
Stocks, dollar swept lower as bond rout rocks markets
LONDON (Reuters) – World financial markets were unsettled again on Thursday as a week-long sell-off in benchmark government bonds, stocks and the dollar and a race up in oil prices showed little sign of relenting.
Alcatel-Lucent defends Nokia deal as weathers U.S. slowdown
PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent , which is set to be bought by larger rival Nokia , improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States.
Hedge fund manager Loeb takes aim at ‘Oracle of Omaha’ Buffett
LAS VEGAS (Reuters) – Hedge fund mogul Daniel Loeb on Wednesday took aim at the “Oracle of Omaha,” calling beloved billionaire Warren Buffett a hypocrite.
Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale
NEW YORK (Reuters) – Morgan Stanley’s commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business.
GM says China April vehicle sales down 0.4 percent
BEIJING (Reuters) – General Motors and its Chinese joint ventures sold 258,484 vehicles in China in April, down 0.4 percent from a year earlier, the U.S. automaker said on Thursday.
Paulson, Bernanke: What’s said in Vegas stays in Vegas
LAS VEGAS (Reuters) – Would you like to know whether sage investor and mammoth hedge fund manager John Paulson is bullish on stocks? Or how about what he sees as the most promising investment opportunities today? We’d love to tell you, but we’ve been s…
Tesla posts wider loss, highlights energy storage demand
(Reuters) – Tesla Motors Inc reported a wider first-quarter net loss on Wednesday, but outperformed expectations and stuck to key milestones for the year ahead, despite pressure on margins.
Wall St. ends lower on global bond rout, Yellen warning
(Reuters) – U.S. stocks ended weaker on Wednesday after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.
DoubleLine’s Gundlach expects weak April U.S. payroll data
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Friday’s report on U.S. nonfarm payrolls in April “feels to me that it’s going to be weak.”
