Hyundai Motor family succeeds at Glovis stake sale on second attempt
SEOUL (Reuters) – Hyundai Motor Co’s chairman and his son sold $1.1 billion worth of shares in logistics firm Hyundai Glovis Co Ltd, finding success in their second attempt at a sale after committing to a long lock-up period for their remaining stakes …
RadioShack files for bankruptcy; Sprint to take over some stores
(Reuters) – Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.
SEC probes Blackberry options trading ahead of Reuters report about Samsung talks
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartph…
Twitter tops Wall Street revenue target, user growth slows
SAN FRANCISCO (Reuters) – Twitter Inc said on Thursday the social media company is signing up users as quickly as most of last year after a fourth-quarter slowdown, boosting its shares 11 percent.
Verizon to sell wireline operations, towers worth $15.6 billion
SAN FRANCISCO (Reuters) – Verizon Communications said it would sell wireline assets to Frontier Communications for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off r…
Union rejects sixth refinery offer from Shell, talks recess
HOUSTON (Reuters) – Union leaders on Thursday rejected the sixth contract offer Royal Dutch Shell Plc made to U.S. refinery workers and a pause in negotiations was called on the fifth day of a strike, though talks are expected to resume.
Books, digital real estate assets lift News Corp results
(Reuters) – News Corp , owner of the Wall Street Journal and HarperCollins, reported quarterly revenue and a profit just above analysts’ consensus forecast as its book publishing and real estate businesses offset dwindling print revenue.
Wall St climbs with energy rebound, Pfizer deal
NEW YORK (Reuters) – U.S. stocks climbed on Thursday as energy shares bounced with oil prices, while news Pfizer would buy Hospira in a massive deal further boosted the market.
Verizon to sell wireline operations and towers worth over $15 bln
SAN FRANCISCO (Reuters) – Verizon Communications Inc will sell wireline assets to Frontier Communications Corp for $10.54 billion in cash and cell phone towers worth over $5 billion to American Tower Corp, the company said on Thursday.
RadioShack files for bankruptcy, sell up to 2,400 stores
(Reuters) – Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to Sprint and an affiliate of hedge fund Standard General, its lender and largest sharehol…
