Exclusive: Cars.com investor Gannett mulls bid for entire company: sources
NEW YORK (Reuters) – Gannett Co Inc , one of the newspaper owners of Cars.com, is exploring a bid for all of the auto sales website and has discussed teaming up with private equity firms in a deal that could reach $3 billion, people familiar with the m…
Airbus set for A350 safety approval in late summer: EASA
PARIS (Reuters) – Airbus is on track to get safety certification for its latest jetliner, the A350, by “the end of the summer” as planned, Europe’s top air safety regulator said on Wednesday.
Wells Fargo releases two new credit cards aimed at high spenders
(Reuters) – Wells Fargo & Co, trying to increase its credit card market position, said it is issuing two new credit cards through a partnership with American Express Co in its latest effort to woo more wealthy customers.
Fiat Chrysler shares tumble on strategic plan doubts
MILAN/PARIS (Reuters) – Fiat Chrysler’s shares fell sharply on Wednesday as analysts questioned whether the carmaker could achieve Chief Executive Sergio Marchionne’s new targets – and how his ambitious expansion plan would be funded.
AstraZeneca takeover would benefit science: Pfizer
LONDON (Reuters) – Pfizer sought to allay fears that its proposed $106 billion takeover of AstraZeneca would deal a blow to drug research, saying the new company would bolster innovative science and speed the development of new treatments.
BofA shareholders vote with management at annual meeting
CHARLOTTE, North Carolina (Reuters) – Bank Of America Corp shareholders voted in line with management at the bank’s annual meeting on Wednesday, with 93 percent supporting the executive compensation plan.
Chesapeake profit jumps on higher gas prices; shares up 2 percent
(Reuters) – Higher gas prices helped Chesapeake Energy Corp beat expectations with a big jump in quarterly profit Wednesday and the company hiked its production forecast for the year, sending its shares up more than 2 percent in midday trading.
Cold weather sinks U.S. productivity but trend steady
WASHINGTON (Reuters) – U.S. nonfarm productivity fell at its fastest pace in a year in the first quarter as harsh winter weather restrained output, leading to a jump in labor-related production costs.
AOL first-quarter profit misses estimate; shares tumble 22 percent
(Reuters) – AOL Inc on Wednesday reported its quarterly profit fell, missing expectations as it sheds businesses and upgrades its advertising operations, sending its stock tumbling 22 percent.
Editors ran Murdoch UK paper where ‘rotten state’ existed, court hears
LONDON (Reuters) – Rebekah Brooks and Andy Coulson would have been incompetent to not know of phone-hacking when they edited Rupert Murdoch’s News of the World amid a “rotten state of affairs”, prosecutors told a London court on Wednesday.
