Hologic adopts poison pill after Icahn reports stake
(Reuters) – Activist investor Carl Icahn disclosed a 12.63 percent stake in medical device maker Hologic Inc, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers.
Credit Suisse outlines crisis plan to shield Swiss activities
ZURICH (Reuters) – Credit Suisse has set out plans to separate its domestic operations from its more risky investment banking business, as part of post credit-crunch efforts to insulate Swiss taxpayers from costly bank bailouts.
Yellen clears first Senate hurdle to become next Fed chair
WASHINGTON (Reuters) – The Senate Banking Committee on Thursday approved Janet Yellen’s nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote.
U.S. factories rebound, but Europe, China falter
LONDON/NEW YORK (Reuters) – U.S. factory output rebounded this month but hiring remained sluggish, while business activity across the euro zone and at China’s manufacturers slowed, surveys showed on Thursday.
Sears CEO sees room to close more stores
NEW YORK (Reuters) – Sears Holdings Corp sees room to close more stores next year, Chief Executive Officer Edward Lampert told Reuters on Thursday.
Iran window shops at airshow in hope of sanctions relief
DUBAI (Reuters) – Senior Iranian aviation executives were at the Dubai Airshow in a discreet campaign to update their ageing passenger jets this week, even as Iran negotiated with international powers to ease economic sanctions over its nuclear program…
Manufacturing rebounds in November to 8-month high: Markit
NEW YORK (Reuters) – Manufacturing rebounded this month after hitting a one-year low in October and output grew at its fastest pace in nine months, an industry report showed on Thursday.
BofA says it should owe zero penalty in ‘Hustle’ fraud case
NEW YORK (Reuters) – Bank of America Corp urged a U.S. federal judge to impose no penalty even after a jury found it liable for fraud over the sale of defective mortgages by its Countrywide Financial unit.
Target profit pinched by weak U.S. sales, Canadian expansion
(Reuters) – Discount chain Target Corp on Thursday blamed what it called “constrained” U.S. consumer spending for a tepid rise in quarterly comparable sales, and lowered its full-year profit forecast as a Canadian expansion proved costlier than expecte…
Producer prices fall for second month
WASHINGTON (Reuters) – Producer prices fell for a second straight month in October, indicating inflation pressures remain benign.
