Citigroup considers sale of Japan retail unit: source
TOKYO (Reuters) – Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, a source with direct knowledge of the matter said on Wednesday, as the U.S. banking company struggles to turn around its Japanese ope…
Exclusive: Amid investor pressure, PetSmart says to explore sale
NEW YORK (Reuters) – PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana Partners LLC.
Wall St. extends rally, lifted by Apple and Home Depot
NEW YORK (Reuters) – U.S. stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.
Snapchat in talks to expand services: WSJ
(Reuters) – Snapchat Inc, developer of a mobile app that lets users send messages that disappear within seconds, might expand its service to videos, news articles and advertisements, the Wall Street Journal reported on Tuesday.
Trading probes on Brazil’s Batista due in 2015: regulator
RIO DE JANEIRO (Reuters) – The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said.
Lear nears deal to buy Eagle Ottawa for more than $800 million: WSJ
(Reuters) – Lear Corp, a maker of auto seats and electrical power systems, is nearing a deal to buy Eagle Ottawa LLC, a supplier of premium automotive leather, for more than $800 million, the Wall Street Journal reported, citing sources familiar with t…
Ex-CEO Ballmer quits Microsoft board to focus on NBA’s Clippers
SEATTLE (Reuters) – Former Microsoft Corp Chief Executive Steve Ballmer has left the software company’s board in order to spend more time on his newly acquired Los Angeles Clippers basketball team, but said he plans to hang on to his 4 percent stake in…
Former Obama campaign manager to run Uber’s political strategy
SAN FRANCISCO (Reuters) – Uber has enlisted David Plouffe, President Barack Obama’s 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in som…
McDonald’s U.S. grocery packaged coffee sales to start next year
(Reuters) – McDonald’s Corp and Kraft Foods Group Inc will begin selling the fast-food giant’s McCafe brand packaged coffee in grocery stores across the United States beginning in early 2015, the companies said on Tuesday.
Exclusive: Icahn says Family Dollar wasting over $300 million in breakup fees
NEW YORK (Reuters) – Billionaire activist investor Carl Icahn told Reuters late Monday that efforts by Family Dollar’s board to fend off competing bids in favor of a deal with Dollar Tree have resulted in more than $300 million being needlessly spent on breakup fees.
