McDonald’s Australian experiment is to look less like McDonald’s
SYDNEY (Reuters) – The Corner, a new cafe in Sydney’s trendy inner west, looks a lot like its peers – white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons.
Two proxy firms back Dollar Tree’s bid for Family Dollar
(Reuters) – Changing their previous stance, two influential proxy advisory firms advised Family Dollar Stores Inc shareholders to vote for the retailer’s acquisition by Dollar Tree Inc, saying the deal offered more certainty of closure.
RadioShack prepares to file for bankruptcy: WSJ
(Reuters) – Electronics retailer RadioShack Corp might prepare to file for bankruptcy protection by next month, the Wall Street Journal reported citing people familiar with the matter.
Samsung talks to BlackBerry about $7.5 bln buyout -source
NEW YORK (Reuters) – Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by …
Carlos Slim becomes top New York Times shareholder
(Reuters) – Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent.
Wells Fargo fourth quarter profit rises; watching energy exposure
(Reuters) – Wells Fargo & Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans.
JPMorgan hit by legal costs, Dimon says banks ‘under assault’
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were “under assault.”
Adobe plans up to $2 billion share buyback
(Reuters) – Photoshop maker Adobe Systems Inc said it would buyback up to $2 billion of its shares through the end of fiscal 2017.
Exclusive: JPMorgan presses managers to cut costs as profits fall
NEW YORK (Reuters) – Senior executives at JPMorgan Chase & Co are pressuring managers across the bank to cut costs, after disappointing revenue growth has hurt profits, a person familiar with the matter told Reuters on Wednesday.
Oil surges 5 percent on options expiry; bounce seen fleeting
NEW YORK (Reuters) – World oil prices had their biggest surge in two-and-a-half years on Wednesday, rebounding from a nearly six-year low as traders turned away from the bearish pressures of a worldwide glut to cover themselves on expiring options.
