DuPont meets with Trian’s board nominees: sources
(Reuters) – DuPont has interviewed activist investment firm Trian Fund Management LP’s slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical compan…
Wall Street posts second day of strong gains, led by energy
NEW YORK (Reuters) – U.S. stocks jumped more than 1 percent on Tuesday, led by energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.
Tough talk from Shell, union as refinery pay talks resume
HOUSTON (Reuters) – Negotiations were getting underway late on Tuesday between Royal Dutch Shell Plc and union leaders over a new wage contract for U.S. refinery workers who have been on strike for three days, both sides said.
Brazil’s president sets plan to replace Petrobras management: source
BRASILIA (Reuters) – Brazil’s President Dilma Rousseff accepted an offer by Petrobras Chief Executive Officer Maria das Graças Foster to step down this month, setting in motion a plan to replace senior management at the embattled state-run oil company, a government source said on Tuesday.
Disney profit boosted by theme park visitors, ‘Frozen’ toys
(Reuters) – Walt Disney Co’s quarterly revenue and profit topped Wall Street estimates as visits to its theme parks rose and last year’s animated film hit “Frozen” drove home video and toy sales.
Dollar Tree may shed more stores to buy Family Dollar
(Reuters) – Dollar Tree Inc said it may need to divest more stores than expected to satisfy antitrust regulators reviewing its planned acquisition of Family Dollar Stores Inc .
J M Smucker to buy Milk-Bone owner Big Heart Pet Brands
(Reuters) – J M Smucker Co , the maker of Folgers coffee, said it would buy pet food maker Big Heart Pet Brands, known for brands such as Meow Mix and Milk-Bone, for $3.2 billion to enter the fast-growing pet food market.
Credit Suisse exits U.S. retail market-making business
NEW YORK (Reuters) – Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday.
U.S. factory orders fall sharply, order books shrinking
WASHINGTON (Reuters) – New orders for U.S. factory goods fell for a fifth straight month in December, but a smaller-than-previously reported drop in business spending plans supported views of a rebound in the months ahead.
Trucks, SUVs drive U.S. vehicle sales in January
DETROIT (Reuters) – January U.S. car sales by the three Detroit-based automakers topped analysts’ expectations, as low gasoline prices and easy credit terms helped fuel sales of utility vehicles and big pickups.
