Cargill CFO says acquisitions will depend on fit, not finance
CHICAGO (Reuters) – Rising interest rates will have little to no effect on Cargill acquisitions in the coming year as the U.S. agribusiness company builds its network of supplies and customers in the global food system, Cargill Chief Financial Officer …
Electric-car maker Tesla surprises with second-quarter profit
DETROIT (Reuters) – Electric-car maker Tesla Motors Inc surprised Wall Street with better-than-expected earnings on Wednesday, and investors pushed the stock up as much as 14 percent in after-hours trade.
How will Amazon’s Bezos change The Washington Post?
SEATTLE (Reuters) – Technology and media circles are abuzz at how e-commerce wunderkind Jeff Bezos plans to modernize The Washington Post, a money-losing bastion of the old economy.
IRS takes on Tyco in U.S. Tax Court debt-vs-equity dispute
WASHINGTON (Reuters) – A U.S. Tax Court fight between Tyco International Ltd and the Internal Revenue Service reflects a growing assertiveness by the agency over deductibility of interest in certain intercompany financing deals, tax lawyers said on Wed…
Cargill doubles annual earnings after strong quarter
CHICAGO (Reuters) – U.S. agribusiness giant Cargill on Wednesday reported a six-fold rise in fourth quarter net earnings and nearly doubled full-year earnings, citing strength in its core grain-based and financial services.
Hilton selects banks to lead initial public offering: sources
(Reuters) – Blackstone Group LP has selected banks to lead an initial public offering of Hilton Worldwide Inc as it prepares to bring one of the largest leveraged buyouts back to the stock market, three people familiar with the matter said on Wednesday…
Groupon names Lefkofsky CEO; revenue exceeds estimates
SAN FRANCISCO (Reuters) – Groupon Inc on Wednesday said it named interim Chief Executive Eric Lefkofsky to lead on a more permanent basis, and reported better-than-expected revenue for the second quarter. Its stock rose 19 percent in after-hours tradin…
JPMorgan faces criminal and civil probes over mortgages
(Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Wednesday it is being investigated by criminal and civil divisions of the U.S. Department of Justice over offerings of mortgage-backed securities.
Bank of Japan to maintain stimulus, debate offering rosier view on economy
TOKYO (Reuters) – The Bank of Japan is expected to maintain its massive monetary stimulus on Thursday as its board debates whether growing bright signs from prices and the job market justify offering a rosier view on the economy.
Mondelez profit beats Street; share buyback amount raised
(Reuters) – Packaged food company Mondelez International Inc dramatically raised its share buyback authorization and posted higher-than-expected earnings on Wednesday, weeks after being criticized by prominent activist investor Nelson Peltz.
