China Resources (Holdings) appoints new chairman, replacing Song
HONG KONG (Reuters) – China Resources (Holdings) Co Ltd has appointed a new chairman with immediate effect, replacing Song Lin who is being investigated by Chinese authorities, the firm said in a statement on Wednesday.
China factory activity shrinks for fourth month
BEIJING (Reuters) – China’s factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arre…
Valeant, Ackman offer to buy Botox maker Allergan for $47 billion
(Reuters) – Canada’s Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world’s five biggest drug companies…
GM seeks U.S. court protection against ignition lawsuits
(Reuters) – General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
Wal-Mart to report how compliance targets impacted executive pay: WSJ
(Reuters) – Wal-Mart Stores Inc is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal reported.
Deutsche Bank to cut Latin America equities headcount: Bloomberg
(Reuters) – Germany’s largest lender Deutsche Bank is trimming its equities team in Latin America and is considering shutting its equities business in Chile, Bloomberg reported on Wednesday citing two people familiar with the matter.
GM seeks U.S. court protection against ignition lawsuits
(Reuters) – General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
U.S. justices show little support for Aereo TV in copyright fight
WASHINGTON (Reuters) – U.S. Supreme Court justices appeared skeptical on Tuesday about online TV service Aereo Inc’s position in a copyright dispute with major broadcasters, but several raised concerns about how a ruling against the startup could affec…
Comcast nears deal with Charter on $18-$20 billion in divestitures: source
(Reuters) – Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday.
AT&T ups revenue growth forecast on new pricing model
NEW YORK (Reuters) – AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans.
