DuPont strikes back at Peltz as proxy war heats up
(Reuters) – DuPont hit back at activist investor Nelson Peltz’s criticism of the company’s performance, pointing out that its shareholder returns have been better than that of its rivals.
U.S. West Coast ports reopen as labor secretary arrives for talks
LOS ANGELES (Reuters) – U.S. West Coast ports that were closed to incoming cargo vessels during the holiday weekend reopened in full on Tuesday as Labor Secretary Tom Perez arrived in San Francisco seeking to broker a settlement ending months of shippi…
U.S. home builder sentiment slips in February: NAHB
NEW YORK (Reuters) – U.S. homebuilder sentiment fell for a second straight month in February but still showed more builders view market conditions as favorable, the National Association of Home Builders said on Tuesday.
French government may pass reform bill by decree
PARIS (Reuters) – The French government said on Tuesday it could pass President Francois Hollande’s economic reform bill by decree, removing the risk of it being blocked by a backbench rebellion.
Canada’s Fairfax snaps up Lloyd’s insurer Brit Plc for $1.88 billion
TORONTO (Reuters) – Fairfax Financial Holdings , the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for some $1.88 billion to become one of the top five underwriters on the Lloyd’s of London mar…
U.S. companies can avoid slow torture of Venezuela devaluations by taking one big hit
NEW YORK (Reuters) – American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can – with the stroke of a pen – get rid of much of the problem.
Stocks reverse losses as investors keep faith in Greek deal
LONDON (Reuters) – European stocks reversed early losses on Tuesday and yields on lower-rated euro zone bonds fell as investors reassessed the collapse of Greek debt talks and focused on the prospects of a deal.
Samsung Electronics earmarking cash for growth, including M&A
SEOUL (Reuters) – Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant’s investor relations chief said, even as more shareholders clamor for bigger dividends.
Greece defies creditors, seeking credit but no bailout
BRUSSELS (Reuters) – Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”.
Hyundai to enter U.S. commercial vehicle market as part of $1.8 billion offensive
SEOUL (Reuters) – South Korea’s Hyundai Motor Co plans to spend around $1.8 billion by 2020 on a major offensive in commercial vehicles, including entering the race in the United States, to catch up with rivals in a rapidly growing global market.
