Retail REITs looking pricey as Sears ponders joining mix
NEW YORK (Reuters) – Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. But the struggling retailer’s move to tap into a surging commercial property market comes as t…
Airbus says wins FAA safety approval for new A350 jetliner
PARIS (Reuters) – Planemaker Airbus said on Wednesday the U.S. Federal Aviation Administration (FAA) had given safety approval to its newest and most technically advanced airliner, the A350.
VW paves way for UAW representation at U.S. plant
BERLIN (Reuters) – Volkswagen AG’s U.S. division said Wednesday it has agreed to steps that could allow for union representation at its plant in Chattanooga, Tennessee, where the United Auto Workers has unsuccessfully tried to organize workers.
AT&T to pause fiber spending on net neutrality uncertainty
WASHINGTON (Reuters) – AT&T Inc on Wednesday raised pressure on the U.S. telecom regulator’s work on new “net neutrality” rules, saying it would stop investing in new high-speed Internet connections in 100 U.S. cities until the Web traffic rules are settled.
Citi to pay $1.02 billion to settle foreign exchange probe
(Reuters) – Citigroup Inc said it will pay $1.02 billion to settle a probe by regulators for failing to stop traders from trying to manipulate the foreign exchange market.
Exclusive: Some unhappy Yahoo investors asking AOL for rescue
NEW YORK (Reuters) – At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.
Dow Chemical raises buyback by $5 billion, to sell more assets
(Reuters) – Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb’s push to split the company.
Exclusive: Etihad to win EU approval for 49 percent buy of Alitalia
BRUSSELS (Reuters) – Abu Dhabi’s Etihad Airways is set to win conditional EU antitrust approval for its purchase of 49 percent of Alitalia, two people familiar with the matter said on Wednesday, sharpening its rivalry with European carriers on their ho…
Actavis may buy Allergan for at least $60 billion: Bloomberg
(Reuters) – Merger talks between Allergan Inc and white knight Actavis Plc are focused on narrowing a gap of about $3 billion between what has been offered and what is wanted, Bloomberg reported on Wednesday.
Macy’s expects higher same-store sales growth in holiday season
(Reuters) – Department store operator Macy’s Inc forecast higher same-store sales growth in the holiday quarter as it boosts online services, and reported a better-than-expected quarterly profit as costs fell.
