Valeant, Ackman to submit Allergan special meeting request-CNBC
(Reuters) – Valeant Pharmaceuticals International Inc and Pershing Square Capital Management will submit a request on Friday to Allergan Inc for a special shareholders meeting, sources told CNBC television.
Germany clears $6.9 billion RWE unit sale to Russian investor
FRANKFURT/BERLIN (Reuters) – Germany’s economy ministry approved the sale of utility RWE’s oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis.
Co-Op Bank losses narrow on branch closures, staff cuts
LONDON (Reuters) – Britain’s Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.
China regulators says Qualcomm seeks to end anti-trust probe
BEIJING (Reuters) – U.S. chipmaker Qualcomm Inc is seeking to end an investigation by China’s pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the regul…
U.S. labor market less flexible than in 1990, economists warn
JACKSON HOLE Wyo. (Reuters) – The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research…
Russia’s MTS raises Ericsson contract to over $1.5 billion
MOSCOW (Reuters) – Russia’s biggest mobile phone operator MTS said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson to more than $1.5 billion.
Germany gives nod to RWE unit sale to Russian investor: sources
FRANKFURT/BERLIN (Reuters) – Germany’s economy ministry will approve the sale of utility RWE’s oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling
TOKYO (Reuters) – Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month’s expected launch, supply chain sources said.
Dollar flatlines ahead of Yellen, Draghi at Jackson Hole
LONDON (Reuters) – The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.
U.S. federal prosecutors questioning GM lawyers on vehicle recalls: source
(Reuters) – U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.
