Crafts retailer Michaels looks to long-awaited summer IPO: sources
(Reuters) – The initial public offering of Michaels Cos Inc, which has been planned for the last two years, will finally take place this summer, according to people familiar with the matter.
U.S. retail sales miss expectations, jobless claims rise
WASHINGTON (Reuters) – U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam.
Merck, Pfizer, HSBC could be big winners from shareholder case
NEW YORK (Reuters) – Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for shareholders to band together against public companies in securities fraud class actions.
U.S. rules for POM against Coke in labeling dispute
WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Thursday that drink producer POM Wonderful can sue over allegations that Coca-Cola Co has misled consumers over its marketing of Minute Maid pomegranate blueberry juice.
Twitter COO Rowghani resigns amid lackluster growth
(Reuters) – Twitter Inc said on Thursday Ali Rowghani resigned as chief operating officer, effective Thursday.
Nokia to buy smart data firm for its map business
HELSINKI (Reuters) – Finland’s Nokia on Thursday said it has agreed to buy small U.S. company Medio Systems for its navigation unit HERE.
Siemens, Mitsubishi hatch Alstom plan as French ministers meet
PARIS (Reuters) – French ministers met on Thursday to discuss the fate of cash-strapped engineering group Alstom as Siemens and Mitsubishi Heavy Industries hatched a plan to beat an offer by U.S. conglomerate General Electric.
U.S. retail sales rise less than expected in May
WASHINGTON (Reuters) – U.S. retail sales rose less than expected in May, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the prior months was revised higher.
BNP Paribas senior adviser departure likely in settlement: source
NEW YORK (Reuters) – A senior adviser to BNP Paribas is likely to leave as part of a settlement involving sanctions violations by the French bank, a person familiar with the matter said Wednesday.
Mitsubishi Motors recalls 920,000 vehicles over light switch glitch
TOKYO (Reuters) – Mitsubishi Motors Corp is recalling about 920,000 vehicles globally for a glitch in the light switch that could prevent headlights and blinkers from working, the car maker said on Thursday.
