JetBlue pilots vote to join union; shares fall
(Reuters) – JetBlue Airways Corp pilots voted on Tuesday to join the Air Line Pilots Association union, opting to have a bargaining agent after rejecting unionization in two prior votes.
Citigroup’s leaders say company is still too complex
ST. LOUIS (Reuters) – The two men at the top of Citigroup Inc , the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.
Lockheed lifts outlook as profit rises, but revenue falls
WASHINGTON (Reuters) – Lockheed Martin Corp , the Pentagon’s largest supplier, on Tuesday reported a 23 percent jump in net profit in the first quarter and raised its earnings per share outlook for the full year by 25 cents.
Novartis and GSK trade assets as pharma industry reshapes
ZURICH/LONDON (Reuters) – Novartis and GlaxoSmithKline agreed to trade more than $20 billion worth of assets on Tuesday to bolster their best businesses and exit weaker ones as the drug industry contends with healthcare spending cuts and generic compet…
Darden investor wins backing for vote on Red Lobster spin off: CNBC
(Reuters) – Darden Restaurant Inc has 60 days to call a shareholder meeting to vote on activist investor Starboard Value LP’s proposal to delay the company’s plan to spin off its struggling Red Lobster chain, CNBC reported.
Comcast adds video subscribers, beats Street
(Reuters) – Comcast Corp, the largest U.S. cable operator, posted higher first-quarter revenue and net income on Tuesday and showed it could add video subscribers for two quarters in a row, a rare sight in the cable industry.
Exclusive: Nigeria favors local firms in $40 billion oil contract awards
DAKAR/LAGOS (Reuters) – Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude…
McDonald’s profit falls, U.S. diners not ‘lovin’ it’
(Reuters) – McDonald’s Corp is getting back to basics after a string of disappointing quarterly results in its home market of the United States, which accounts for 30 percent of overall revenue.
U.S. home resales hit 1-1/2 year low, but may be stabilizing
WASHINGTON (Reuters) – U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.
HK regulator reprimands, fines RBS over emerging-markets rates trades
HONG KONG (Reuters) – Hong Kong’s Securities and Futures Commission (SFC) said on Tuesday it reprimanded Royal Bank of Scotland for internal control failures, fining the bank HK$6 million ($773,800).
