Icahn on CNBC says his son was right on Netflix, wished he bought more
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued.
Sotheby’s to raise charges for art buyers
NEW YORK (Reuters) – Buying art at Sotheby’s will soon become more expensive as the top international auction house announced it is increasing its buyer’s premium, the rates it charges a successful bidder.
Nissan recalls 768,000 crossovers and SUVs for separate problems
DETROIT (Reuters) – Nissan Motor Co is recalling about 768,000 vehicles, including its popular Rogue crossover and Pathfinder SUV, for separate problems, the company and U.S. regulators said on Wednesday.
S&P, U.S. Justice Department likely to enter $1.37 billion settlement: WSJ
WASHINGTON (Reuters) – Standard & Poor’s and the U.S. Department of Justice are likely to enter into a $1.37 billion settlement as early as Thursday, the Wall Street Journal reported on Wednesday.
Cost-cutting VW bets big to revamp loss-making luxury Phaeton
BERLIN (Reuters) – With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the “people’s car” maker plans to spend millions of euros upgrading a money-losing luxury sedan.
Apple seen boosting share buybacks after blockbuster results
(Reuters) – Apple Inc’s blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors.
Chevron to partner BP, Conoco for Gulf of Mexico leases
(Reuters) – Oil producer Chevron Corp said it would work with peers BP Plc and ConocoPhillips to explore and appraise 24 jointly held offshore leases in deepwater Gulf of Mexico.
Airbus CEO promises shake-up after new A400M delays
PARIS (Reuters) – The head of Airbus Group has promised management and organizational changes at the European aerospace firm after new delays and quality problems with its A400M military transport plane.
Wall Street to open higher boosted by Apple, Boeing; Fed eyed
NEW YORK (Reuters) – U.S. stocks were set to rise at the open on Wednesday, boosted by earnings including from Apple and Boeing, while focus could shift later in the day to the Federal Reserve’s first two-day policy meeting of the year.
Head of games leaves Angry Birds company Rovio
HELSINKI (Reuters) – Finland’s Rovio and the head of its games operation, Jami Laes, have parted company as the business behind Angry Birds continues to grapple with an increasingly competitive mobile games market.
