BSkyB pays heavy price for Champions League loss
LONDON (Reuters) – BSkyB saw more than 1.5 billion pounds ($2.4 billion) wiped off its stock market value on Monday after Rupert Murdoch’s dominant pay-TV operator admitted it had been out-muscled at its own game with the loss of Champions League socce…
Flybe plans to cut 500 more jobs after swinging to profit
(Reuters) – Flybe Group Plc , operator of Europe’s largest regional airline, said on Monday it would cut another 500 jobs, mainly in the UK, after deep cost cuts helped it post its first half-year profit in two years.
Analysis: As Alabama flames fade, new oil-by-rail questions arise
NEW YORK (Reuters) – The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced following the e…
Novartis sells blood transfusion test unit to Grifols for $1.7 billion
ZURICH/MADRID (Reuters) – Switzerland’s Novartis has agreed to sell its blood transfusion testing unit to Spain’s Grifols for $1.68 billion, in an increasingly buoyant market for healthcare deals.
Insight: African tech startups aim to power growing economies
DAKAR (Reuters) – When Abasiama Idaresit started a digital marketing firm in Nigeria’s bustling economic capital three years ago, he quickly learned how brutal life can be in a market where tech startups are in their infancy.
Hyundai Motor R&D president resigns over quality problems
SEOUL (Reuters) – Hyundai Motor Group said on Monday its research and development president, Kwon Moon-sik, and two other executives resigned over a string of quality problems as the automaker tries to shore up reputation ahead of key model launches.
Loeb’s Third Point holds 1.64 percent Sony stake under its own name-filing
TOKYO (Reuters) – Activist hedge fund investor Daniel Loeb’s Third Point held a 1.64 percent direct interest in Sony shares as of the end of September, a regulatory filing showed on Monday.
Transocean reaches deal with Icahn to resolve proxy battle
(Reuters) – Transocean Ltd said it reached an agreement with Carl Icahn that would see the offshore driller paying out a dividend and reducing the number of board seats, in a move that resolves a months-long proxy battle.
Analysis: U.S. retailers tread tight path in shortened holiday race
NEW YORK (Reuters) – U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
J&J pulled products from Amazon.com over third-party dispute: WSJ
NEW YORK (Reuters) – Johnson & Johnson stopped selling some of its products through Amazon.com Inc because it felt the online retailer was not doing enough to stop third-party merchants from selling damaged or expired J&J merchandise, the Wall Street Journal reported on Sunday.
