Wall St. ends lower with oil prices, renewed Greece worries
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended lower on Wednesday, snapping a two-day rally as energy shares slid with oil prices and as investors’ anxiety about the euro zone returned in the closing minutes of trading.
Fox says dollar, shifting viewers to weigh on 2016 profit
(Reuters) – Twenty-First Century Fox Inc cut its profit forecast for the next financial year after the dollar strengthened and as more viewers and advertisers swap its broadcast networks for on-demand TV.
Australian Trade Minister sees Pacific deal just weeks away
SYDNEY (Reuters) – Australian Trade Minister Andrew Robb said an ambitious Pacific trade pact could be reached within weeks after years of contentious negotiations.
Verizon to sell assets worth $10 billion to Frontier: source
NEW YORK/SAN FRANCISCO (Reuters) – Verizon Communications is close to selling wireline assets worth $10 billion to regional telephone operator Frontier Communications Corp, a person familiar with the matter said on Wednesday.
U.S. regulators probing BP crude shipments on Enbridge pipeline
CALGARY, Alberta (Reuters) – A U.S. investigation into oil major BP Plc breaking anti-fraud and reporting rules on using oil pipelines is related to crude shipped on Enbridge Inc’s Mainline system, Enbridge said on Wednesday.
Staples, Office Depot expect second time a charm in merger
(Reuters) – Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday.
Exclusive: Apollo explores sale or IPO of Great Wolf Resorts – sources
(Reuters) – Private equity firm Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter.
Cable business, films help Fox beat estimates
(Reuters) – Twenty-First Century Fox Inc’s quarterly profit beat analysts’ estimates, helped by higher affiliate and advertising revenue in its cable business and the box-office success of “The Maze Runner” and “Gone Girl”.
Petrobras changes to take time, even with new CEO
RIO DE JANEIRO (Reuters) – Investors betting that a long-awaited management change at Brazil’s Petrobras will result in a swift rebound of the state-run oil company’s fortunes are likely to be disappointed.
Exclusive: Hasbro pays Mexico tax authorities $65 million in settlement after probe
MEXICO CITY (Reuters) – The world’s No. 2 toymaker, Hasbro Inc, has paid $65 million to Mexican tax authorities in a settlement, a spokeswoman for the company said on Wednesday, following a probe into the company for possible for tax avoidance.
