Darden activist ousts Olive Garden owner’s full board
ORLANDO/LOS ANGELES (Reuters) – Darden Restaurants Inc lost its standoff with activist shareholder Starboard Value LP at its annual meeting on Friday, when stakeholders tossed out the Olive Garden parent’s entire board in a rare victory for dissident i…
CEO Bewkes needs to show Time Warner better alone than with Murdoch
NEW YORK (Reuters) – Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.
Email alias of former Fed chair Bernanke comes out in AIG trial
WASHINGTON (Reuters) – Of all the key government players involved in saving the U.S. economy from collapse back in the autumn of 2008, Edward Quince has hardly earned a mention.
Oshkosh cuts jobs citing lower U.S. defense spending
(Reuters) – Specialty truckmaker Oshkosh Corp said it would cut its defense segment workforce by about 250 to 300 hourly positions, as it continues to grapple with lower U.S. defense spending and reductions in military production.
Airbus says now not the time to announce production increases
BERLIN (Reuters) – The head of planemaker Airbus said on Friday there was enough demand in the market to justify increasing jetliner production, but now was not the right time to commit to a higher rate.
Exclusive: U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms
TORONTO/ST. LOUIS (Reuters) – U.S. investors in Canada’s medical marijuana industry are betting they will not fall under the scrutiny of U.S. law enforcement officers – but it is a risky bet.
Exclusive: Top Actavis holder, Fidelity, adds Allergan holdings- sources
NEW YORK/BOSTON (Reuters) – Fidelity Investments, the largest shareholder in Actavis Plc , has increased its holdings in takeover-target Allergan in recent months and would be supportive of a potential merger between the two drugmakers, according to pe…
Nissan recalls 238,000 2013 Altima sedans on hood latch issue
DETROIT (Reuters) – Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.
Fund managers line up for high-yielding energy company subsidiaries
NEW YORK (Reuters) – The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry.
European banks’ health check results due on October 26
FRANKFURT/LONDON (Reuters) – The results of Europe’s most comprehensive review of banks’ health will be released on Oct. 26, the European Central Bank and the European Banking Authority said on Friday, which will give the clearest picture yet of the st…
