Peltz escalates campaign to break up DuPont with board nominees
(Reuters) – Activist investor Nelson Peltz, one of DuPont’s largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board.
Fed’s Kocherlakota: drop in oil prices good for U.S. economy
(Reuters) – The drop in oil prices is putting money in consumers’ pockets and is “a good thing, basically” for the U.S. economy, Minneapolis Fed President Narayana Kocherlakota said at a town hall at his bank’s headquarters.
Google to start selling auto insurance in the U.S., analyst says
SAN FRANCISCO (Reuters) – Google Inc may be moving into the U.S. auto insurance market with a shopping site for people to compare and buy policies, an analyst said on Thursday, as it continues to shift its attention to the automotive industry.
Macy’s to cut jobs, close 14 stores
(Reuters) – Department store operator Macy’s Inc said it would close 14 stores in early spring 2015 and cut some jobs to focus on its popular services such as in-store pickups for online orders and “ship-from-store”.
Oil man Harold Hamm’s ex-wife seeking to cash divorce check: source
NEW YORK (Reuters) – Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, is seeking to cash a $975 million handwritten divorce check just days after earlier rejecting the payment which was ordered by a court in November, a source familiar …
Oracle’s Kurian promoted to president, will lead software
NEW YORK (Reuters) – Oracle Corp has promoted executive Thomas Kurian to the role of president, overseeing the tech company’s software development, according to an internal memo seen by Reuters.
Oil holds ground as traders search for bottom of rout
NEW YORK (Reuters) – Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week.
Starbucks COO Alstead taking ‘extended unpaid leave’
LOS ANGELES (Reuters) – Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as chief financial officer helped lead the coffee chain’s massive and successful restructuring, is taking an extended unpaid leave from the coffee chain t…
Honda to pay $70 million for failure to report deaths, injuries
WASHINGTON (Reuters) – Honda Motor Co has agreed to pay $70 million to the U.S. government in penalties for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation officials said on Thursday.
Wall St. jumps for second day, helped by economic optimism
NEW YORK (Reuters) – U.S. stocks rallied for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and by hopes for more aggressive action from the European Central Bank.
