Tech earnings take center stage next week
NEW YORK (Reuters) – Earnings from some of the biggest U.S. technology companies will take center stage next week, giving investors a chance to re-evaluate the sector’s health.
Disney, CBS queried by U.S. in Comcast merger: Bloomberg
(Reuters) – Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp’s proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday.
Fed fears risks posed by exit tools; plan almost done
JACKSON HOLE Wyoming (Reuters) – Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.
Exclusive: Mylan near multibillion-dollar deal for Abbott drug assets – sources
NEW YORK (Reuters) – U.S. generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said.
Argentines, bond holdouts seen emerging from NY meeting: witness
(Reuters) – Argentine officials and representatives for the holdout investors it has battled for years over its catastrophic 2002 default were seen emerging from the offices of a court-appointed mediator in New York on Friday, according to a Reuters wi…
Former Macau partner sues Las Vegas Sands for $5 bln
HONG KONG (Reuters) – A former Macau business partner of Las Vegas Sands Corp accused the casino operator of misappropriating trade secrets and is suing Sands for at least $5 billion in profits that it says are owed via their joint ownership of copyrig…
Top Alibaba execs, investors may expand board after IPO -filing
SAN FRANCISCO (Reuters) – A group of 27 top executives and investors in Alibaba Group Holding Ltd, including co-founder Jack Ma, can appoint another two directors to the company’s board once it goes public, according to a U.S. regulatory filing on Frid…
Lyft’s NYC launch of ride-sharing service hits roadblock
NEW YORK (Reuters) – Ride-sharing service Lyft Inc faces a roadblock in launching its car service in New York City after authorities on Friday sought to prevent it from operating in the state.
Wells Fargo mortgage revenue drops, shares fall
(Reuters) – Wells Fargo & Co, the fourth-largest U.S. bank, reported a 39 percent drop in mortgage revenue for the second quarter as lending volume dropped, underscoring the urgency for the bank to find other sources of income growth.
United Airlines cuts Venezuela flights over currency
NEW YORK (Reuters) – United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country’s foreign exchange controls…
