Herbalife cuts sales outlook, shares slide 10.5 percent
(Reuters) – Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for the year after raising it three months earlier, sending its shares down 10.5 percent in extended trading.
Dollar Tree to buy Family Dollar to stave off competition
(Reuters) – Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp .
Wall Street yawns as deal news offsets data; Herbalife sinks
NEW YORK (Reuters) – Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector.
With PlayStation network, Sony goes back to the future in search of revival
TOKYO (Reuters) – Japan’s Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster – the PlayStation.
Court orders Russia to pay $50 billion for seizing Yukos assets
MOSCOW/LONDON/AMSTERDAM (Reuters) – An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
Panasonic, Tesla reach agreement on U.S. battery plant: Nikkei
(Reuters) – Panasonic Corp has reached a basic agreement with Tesla Motors Inc to initially supply the electric car maker’s proposed lithium-ion battery plant with machinery to make battery cells, the Nikkei said.
Microsoft targeted in apparent Chinese antitrust probe
BEIJING (Reuters) – Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm’s Chinese offices on Monday.
Shares steady, dollar edges lower ahead of key U.S. events
NEW YORK (Reuters) – World stock markets were little changed on Monday while the U.S. dollar edged lower against a basket of major currencies ahead of a ream of U.S. data and events this week.
Exclusive: GM moves next version of big pickups ahead by nine months – sources
DETROIT (Reuters) – General Motors Co has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co’s still-sizable lead in meeting future U.S. fuel-economy standards, sup…
Lloyds not off hook yet after $370 million Libor fines
LONDON (Reuters) – Lloyds Banking Group could face further punishment after agreeing to pay fines totaling $370 million for its part in a global interest rate rigging scandal and for attempting to manipulate fees for a government lending scheme to help…
