Exclusive: Carl Icahn says ‘time to be cautious’ on U.S. stocks
(Reuters) – Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street.
Darden wins dismissal of New York lawsuit over automatic tips
NEW YORK (Reuters) – Darden Restaurants Inc, the parent of Olive Garden and Red Lobster, won the dismissal of a New York lawsuit accusing it of illegally adding an automatic 18 percent tip to diners’ bills and failing to list beverage prices on its men…
Chesapeake faces trial on bid-rigging in Michigan lease sale
(Reuters) – A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the compa…
Chevron expects second-quarter profit to rise
(Reuters) – Chevron Corp expects second-quarter profit to rise as asset sales in Chad and elsewhere offset spiking currency charges, the No. 2 U.S. oil company said on Thursday.
Auto union forms branch for workers at VW plant in Tennessee
(Reuters) – The United Auto Workers on Thursday announced the formation of a local union in Tennessee for workers at a Chattanooga Volkswagen AG plant, reasserting itself at the site of a major defeat for the union earlier this year.
Fed’s Fischer sees little benefit in breaking up too-big banks
CAMBRIDGE Mass (Reuters) – The Federal Reserve’s new vice chair all but dismissed the idea of breaking up the largest U.S. banks, saying on Thursday it is unclear that such a complex task would help stabilize the country’s financial system.
Wall St. ends lower on angst over Portugal’s bank woes
NEW YORK (Reuters) – U.S. stocks dropped on Thursday as concerns about the financial health of Portugal’s top listed bank gave investors a reason to cash in recent gains.
Mounting alarm over Portugal’s Espirito Santo bank roils markets
LISBON (Reuters) – European and U.S. stock markets fell, and bond yields of Europe’s southern nations rose on Thursday as investor fears over financial troubles at the family-owned holding companies behind Portugal’s largest listed bank spilled across markets and borders.
Carl Icahn says ‘time to be cautious’ on U.S. stocks
(Reuters) – Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street.
U.S. sues Amazon over purchases by kids using mobile apps
WASHINGTON (Reuters) – The U.S. government sued Amazon.com on Thursday for allowing children to collectively run up millions of dollars in purchases on the credit cards of their unsuspecting parents while playing mobile apps like “Tap Zoo” and “Ice Age…
