Wall St. drops as biotechs, semis sink Nasdaq
NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as a slump in technology and biotechs sent the Nasdaq to its biggest decline in nearly a year while the S&P 500 fell through key support levels.
Argentina sees a ‘scam’ in Citigroup debt deal
BUENOS AIRES (Reuters) – A deal between Citigroup Inc and a U.S. judge allowing the banking giant to process two Argentine debt payments and exit its custodian business in Argentina may violate the country’s laws, Economy Minister Axel Kicillof said on…
Facebook brings apps, businesses to Messenger service
SAN FRANCISCO (Reuters) – Facebook Inc on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach.
American Apparel under scrutiny by U.S. regulator for possible violations
(Reuters) – American Apparel Inc said in a filing on Wednesday that the U.S. Securities and Exchange Commission has ordered an investigation into a potential legal violation related to Dov Charney, the company’s former chief executive officer.
FTC says regrets release of documents on Google probe
WASHINGTON (Reuters) – Three U.S. Federal Trade Commission members said on Wednesday they regretted the inadvertent release of part of an agency report about its probe of Google Inc as the company continues to face antitrust scrutiny from European auth…
Heinz deal for Kraft expands food larder for Buffett, 3G
(Reuters) – Ketchup maker H.J. Heinz Co, backed by Warren Buffett’s Berkshire Hathaway Inc and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc in a $46 billion deal to create the third-largest North American food compa…
Hainan Air plans to buy 30 Boeing 787-9s worth $7.7 billion
(Reuters) – Hainan Airlines Co Ltd , China’s fourth-largest airline in fleet size, said on Wednesday it plans to order 30 Boeing Co 787-9 airplanes, valued at $7.7 billion at list prices.
American Airlines Group expects merger milestone on April 8
(Reuters) – American Airlines and US Airways expect to receive a single operating certificate from U.S. regulators on April 8, marking a milestone since their December 2013 merger, parent American Airlines Group Inc told employees in a newsletter on We…
Judge approves ex-Watergate lawyer to probe Caesars’ unit bankruptcy
CHICAGO (Reuters) – A lawyer who made his name as a Watergate prosecutor was approved on Wednesday to begin investigating a series of corporate deals in the lead-up to the bankruptcy of the casino operating unit of Caesars Entertainment Corp .
Exclusive: Canada regulator probing TransCanada over safety allegations
(This March 18 story corrects paragraph nine to show audit had been scheduled, not prompted by allegations)
