GE industrial profit boost underscores strategy, shares up
(Reuters) – General Electric Co posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.
Monster Beverage in $16.25 million ‘channel-stuffing’ settlement
(Reuters) – Monster Beverage Corp reached a $16.25 million settlement with shareholders who said the energy drink maker defrauded them by overstating the financial benefits of a distribution arrangement with Anheuser-Busch.
DuPont expects farm business to pick up after severe winter
(Reuters) – Chemicals maker DuPont expects its agriculture business to grow this quarter as farmers buy seeds and insecticides after a delayed start to planting season in North America, which hurt the company’s revenue in the first quarter.
Wal-Mart takes on Western Union with store-to-store money transfers
(Reuters) – Wal-Mart Stores Inc said on Thursday it was launching a new domestic money transfer service called “Walmart-2-Walmart” in partnership with Euronet Worldwide Inc subsidiary Ria Money Transfer, competing directly with Western Union Co.
Exclusive: ‘Leopard King’ Cavalli nears 450 million euro sale to Permira – sources
LONDON (Reuters) – Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal …
Europe’s car sales upturn fails to halt price war
PARIS (Reuters) – Europe’s car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pick-up is failing to halt a price war.
Barclays reorganizes management of investment bank
LONDON (Reuters) – Barclays announced a number of promotions in its investment bank’s management on Friday as it continues a review of the division that contributes about half of group profit.
Online retailers in Germany under fire over working conditions
FRANKFURT (Reuters) – Working practices at the German operations of two of Europe’s largest online retailers have come under fire this week, with more strikes at Amazon and Zalando being forced to defend its warehouse operations after a critical TV rep…
Morgan Stanley profit soars on wealth management, trading
(Reuters) – Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher.
Snack sales help PepsiCo beat profit estimates; soda steadies
(Reuters) – PepsiCo Inc beat profit expectations on Thursday as a booming snacks unit added pep to sales and its struggling North American soda business did better than expected, sending shares up more than 2 percent in premarket trading.
