Allergan reaches truce with suitors on special shareholder meeting
(Reuters) – Allergan Inc has agreed not to throw up any roadblocks to a special shareholder meeting on Dec. 18, giving Pershing Square Capital Management a chance to attempt its threatened replacement of Allergan board members.
Coke, J&J join big corporations behind new employee wellness push
WASHINGTON (Reuters) – Leaders of some of the biggest U.S. corporations, from Coca-Cola Co to Johnson & Johnson , unveiled a campaign on Tuesday to reduce the nation’s healthcare costs, urging their peers to embrace wellness programs to improve employee health.
S&P 500 powers on in a market without big pullback
NEW YORK (Reuters) – For all of those waiting for a correction in U.S. stocks, here’s the news: you may have already missed it.
Bank of America forgoes $6 billion with slimmer consumer strategy
NEW YORK (Reuters) – Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.
Amid coffee rivalry, McDonald’s Canada to sell java in grocery stores
TORONTO (Reuters) – McDonald’s Corp is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long dominated by rivals like Tim…
GM to boost output of mid-sized pickups in U.S., add jobs
DETROIT (Reuters) – General Motors Co will add a third shift and 750 jobs at its Missouri assembly plant to build more of its new mid-sized pickup trucks, the No. 1 U.S. automaker said on Tuesday.
Weak gasoline, food prices dampen U.S. producer inflation
WASHINGTON (Reuters) – U.S. producer prices were flat in August, pointing to muted inflation pressures that should allow the Federal Reserve to bide its time as it considers when to raise interest rates.
U.S. CEOs gloomier about hiring, spending plans: survey
(Reuters) – U.S. chief executive officers are gloomier about their plans for hiring and capital expenditures over the next six months, and are more wary about their sales prospects, according to a quarterly survey from the Business Roundtable released …
European stress tests to challenge banks’ political defences
DUBLIN/FRANKFURT (Reuters) – For the first time since its financial crisis struck in 2008, Europe is carrying out stress tests that could force change at banks with strong political connections.
U.S. CEOs gloomier about hiring, spending plans: survey
(Reuters) – U.S. chief executive officers are gloomier about their plans for hiring and capital expenditures over the next six months, and are more wary about their sales prospects, according to a quarterly survey from the Business Roundtable released …
