Top U.S. hedge funds up Dollar General, Walgreen stakes
(Reuters) – Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
SEC charges Linkbrokers in $18 million securities fraud scheme
(Reuters) – The U.S. Securities and Exchange Commission said it charged brokerage Linkbrokers Derivatives LLC for taking profits of more than $18 million from customers by secretly manipulating the cost of securities trades processed by the firm.
Electrolux, others in talks to buy GE’s appliances business
STOCKHOLM/NEW YORK (Reuters) – World number two home appliances maker Electrolux said it was in talks to buy General Electric’s household appliances business, seeking to increase its foothold in North America which is growing faster than its other main…
Fiat Chrysler growth plan challenged by possible merger delay
MILAN (Reuters) – Sergio Marchionne has shown he is determined to let nothing stand in the way of Fiat’s merger with Chrysler, but a share price slide may yet force the CEO to hit the brakes on plans to turn the world’s No. 7 carmaker into a top player…
Cisco to take $700 million in restructuring charges for layoffs
(Reuters) – Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.
Cohen, Point72 must face SAC insider trading lawsuit-judge
NEW YORK (Reuters) – A federal judge rejected billionaire investor Steven A. Cohen’s bid to dismiss lawsuits by Elan Corp and Wyeth shareholders who claimed they lost money because his firm SAC Capital Advisors LP conducted insider trading in the drugm…
Wal-Mart cuts forecast as it spends more on healthcare, online
(Reuters) – Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.
Electrolux in talks to buy GE’s appliances business
STOCKHOLM (Reuters) – World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric’s household appliances business.
Jobless claims up, trend favors strong labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the increase did little to change views that the labor market was strengthening.
GM to invest $2.8 billion in Brazil in five years: CEO
BRASILIA (Reuters) – General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.
