Sports Direct CEO slams ‘anti-competitive’ Adidas: the Telegraph
(Reuters) – The head of UK’s Sports Direct has slammed German sportswear maker Adidas as anti-competitive, The Telegraph reported on Tuesday, and the paper said the British sporting goods retailer “is understood to have reported” Adidas to the competit…
Dow, S&P end at records in fireworks before the Fourth
NEW YORK (Reuters) – The Dow and the S&P 500 closed at record highs on Tuesday as manufacturing activity picked up in the United States and Asia and increased optimism about the global economy’s health.
Allergan readies defense as it fights Valeant for votes
NEW YORK and LOS ANGELES (Reuters) – Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.
JC Penney appeals Macy’s, Martha Stewart ruling
(Reuters) – JC Penney Co appealed a New York state court ruling Monday that found it had interfered with a contract between Macy’s and Martha Stewart Living Omnimedia Inc by selling the celebrity’s home goods, according to a filing.
JetBlue sees new sleeper seats aiding profit
(Reuters) – JetBlue Airways expects its new sleeper seats for U.S. cross-country flights to add to profits even as some analysts question whether it will make a meaningful difference to the bottom line.
U.S. June auto sales hit level not seen since July 2006
DETROIT (Reuters) – U.S. auto sales hit levels in June not seen since before the financial crisis that led to the bankruptcy of two American automakers, posting the best annualized figures in eight years.
American Airlines close to $2.6 billion order for CFM engines: sources
SEATTLE (Reuters) – American Airlines Group is close to finalizing an order for 200 CFM International engines, worth $2.6 billion at list prices, to equip 100 Airbus Group NV A320neo jetliners that the airline has on firm order, according to three peop…
Twitter names former Goldman executive Noto as CFO
(Reuters) – Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances. Twitter shares rose as much as 4.8 percent after the messaging service announced its …
Alstom minority investors criticise GE deal
PARIS (Reuters) – Minority shareholders in Alstom criticised its planned tie-up with General Electric , saying they had not been given enough information, and some voiced concern about the French government’s influence as a result of the deal.
HSBC settles U.S. fraud charges over foreclosure fees
NEW YORK (Reuters) – HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.
