BJ’s launches $2.1 billion loan for refinancing, dividend recap
NEW YORK (Reuters) – Warehouse retailer BJ’s Wholesale Club is tapping the wide open credit markets for the second time in slightly over 12 months to finance a distribution to its shareholders, sources told Thomson Reuters LPC.
Analysis: For Merck, bringing cattle feed Zilmax back won’t be easy
(Reuters) – U.S. pharmaceutical giant Merck & Co faces significant challenges bringing its controversial feed additive Zilmax back to market in the United States and Canada, even after a vote of confidence from South Korea on Thursday.
Oracle shareholders give Ellison’s pay a thumbs down
SAN FRANCISCO (Reuters) – A majority of shareholders opposed Oracle Corp Chief Executive Larry Ellison’s pay in a non-binding vote on Thursday following complaints that the world’s third-richest man makes too much as his company struggles against small…
Bombardier profit dips as plane deliveries, orders fall
TORONTO (Reuters) – Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit.
Insolvent German DIY chain Praktiker attracts second bid-sources
FRANKFURT (Reuters) – Insolvent German home improvement retailer Praktiker has attracted a second offer for its stores, this time for more of the shops, two people familiar with the situation said.
U.S. October auto sales expected to show 12 percent rise
DETROIT (Reuters) – U.S. auto sales to be reported on Friday are expected to be up 12 percent from a year ago as the federal government shutdown did not greatly impact consumer purchases.
Pimco’s Gross urges ‘privileged 1 percent’ to pay more tax
NEW YORK (Reuters) – Bill Gross, manager of the world’s largest bond fund, urged fellow members of the “privileged 1 percent,” earning the highest incomes, to support higher U.S. taxes on carried interest and capital gains to help the economy.
Pimco’s Gross urges ‘privileged 1 percent’ to pay more tax
NEW YORK (Reuters) – Bill Gross, manager of the world’s largest bond fund, urged fellow members of the “privileged 1 percent,” earning the highest incomes, to support higher U.S. taxes on carried interest and capital gains to help the economy.
Toyota plans to launch large hybrid SUVs in 2016: Nikkei
(Reuters) – Toyota Motor Corp plans to roll out hybrid versions of its large sport utility vehicles from 2016 to prepare for tougher environmental regulations, the Nikkei reported, quoting sources.
Activist fund TCI backs EADS boss as defense cuts loom
LONDON (Reuters) – The head of hedge fund TCI said he is backing the boss of aerospace giant EADS in his “aggressive” approach to slash costs and grow profit, and expects management to announce further cuts in its defense unit soon.
