Walgreen explores sale of $1.5 billion infusion business: sources
NEW YORK (Reuters) – U.S. drugstore chain operator Walgreen Co is exploring the sale of a majority stake in its infusion services business, in a deal that could value that division at around $1.5 billion, according to four people familiar with the matt…
Home Depot data breach triggers fraudulent transactions: WSJ
(Reuters) – Data breach at home improvement retailer Home Depot Inc has led to fraudulent transactions across the United States, draining cash from customer bank accounts, the Wall Street Journal said.
New U.S. tax rules chill ‘inversion’ deal-making; shares dive
WASHINGTON/NEW YORK (Reuters) – Tough new U.S. government rules on corporate “inversion” deals, aimed at making the tax-avoidance transactions less desirable, undermined share prices in nearly a dozen companies on both sides of the Atlantic on Tuesday….
Housing data hits Wall Street; S&P has worst day since August 5
NEW YORK (Reuters) – U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy.
Apple sells more than 10 million new iPhones in first three days
(Reuters) – Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays.
Plosser, hawkish chief of Philadelphia Fed, to retire in March
(Reuters) – Philadelphia Federal Reserve Bank President Charles Plosser, one of the sharpest internal critics of the central bank’s loose monetary policy, will retire next year, in a departure that could ease pressure to raise interest rates more quick…
Airbus, Boeing spar over jet production strategy
ISTANBUL (Reuters) – Airbus and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival’s proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and …
BNP Paribas Chairman Baudouin Prot to leave: Le Figaro
PARIS (Reuters) – BNP Paribas SA’s board will decide on the departure and the successor of its chairman Baudouin Prot this week, French daily newspaper Le Figaro reported on Monday.
Air France strike crisis deepens as both sides dig in
PARIS (Reuters) – A bitter Air France labor dispute deepened on Monday as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over the proposals would continue indefinitely as a result.
Citigroup seeks stay on Argentine debt order; government threatens penalties
NEW YORK (Reuters) – Citigroup Inc plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentine law following the country’s record 2002 default, court documents showed.
