Exclusive: Top Fox investors seek to convert voting shares, Murdoch may benefit – sources
NEW YORK (Reuters) – Several top investors in Twenty-First Century Fox Inc are pressing for the right to swap their voting shares for ordinary shares, which are trading at an unusual premium, even though the move could hand even more control of the com…
Isolated Greece wants no more bailout money with strings
ATHENS/BRUSSELS (Reuters) – Greece’s new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International…
Wall St. ends down on interest rate, Greece jitters
NEW YORK (Reuters) – Wall Street stocks fell on Friday as a better-than-expected U.S. jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece’s debt negotiations added to the b…
RadioShack would accept liquidation bids: lawyer
(Reuters) – A lawyer for RadioShack on Friday said the bankrupt electronics chain would accept all kinds of bids for its assets, including from liquidators, although any transaction would require court approval.
Strong U.S. job, wage gains open door to mid-year rate hike
WASHINGTON (Reuters) – U.S. job growth rose solidly in January and wages rebounded, a show of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table.
Wall Street firms waver over June 2015 rate hike: Reuters poll
NEW YORK (Reuters) – Economists at Wall Street’s biggest banks are less convinced than a month ago that Federal Reserve rate hikes will begin as soon as June, even as recent U.S. job growth is at its strongest in 18 years, a Reuters poll found on Frida…
Oil climbs, Brent posts best two weeks since 1998
NEW YORK (Reuters) – Oil rallied again on Friday, with benchmark Brent crude having its largest two-week gain in 17 years, as falling oil rig counts and violence in producer Libya helped further stall a selloff that began in June.
Brazil’s Petrobras taps state banker as CEO; shares dive
BRASILIA (Reuters) – Brazil’s President Dilma Rousseff tapped a confidant from a state-run bank to be the next head of Petrobras on Friday, chilling investor hopes that a more independent new management team would steer the oil firm out of a huge corru…
U.S. defense suppliers Harris and Exelis to combine
(Reuters) – Harris Corp will buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.
Takata air bag lawsuits sent to Florida court
NEW YORK (Reuters) – Dozens of lawsuits against Takata Corp and several car manufacturers over faulty air bags that prompted a wave of recalls will be heard in a Florida federal court, a judicial panel has ruled.
