Business & Finance News
(Reuters) – Xerox Corp has lost its bid for a quick appeal of a decision to block its deal with Fujifilm Holdings , according to a court filing on Monday, handing a victory to activist investors Carl Icahn and Darwin Deason in the months-long saga.
BOSTON (Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp’s student lender Sallie Mae, according to a letter seen by Reuters on Monday.
(Reuters) – Activist investor ValueAct Capital Partners LP has built a roughly $1.2 billion stake in Citigroup Inc, the Wall Street Journal reported on Monday.
WASHINGTON (Reuters) – The U.S. Department of Defense resumed accepting F-35 jet deliveries from Lockheed Martin Corp last week after reaching an agreement on covering the costs to fix a production error, the Pentagon told Reuters on Monday.
WASHINGTON (Reuters) – Senators Amy Klobuchar, Elizabeth Warren and other Democratic lawmakers expressed “serious concerns” on Monday about T-Mobile US, Inc’s plan to buy rival Sprint Corp , focusing on the planned deal’s effect on lower-cost wireless plans, Klobuchar’s office said in a press statement.
LONDON (Reuters) – U.S. cable operator Comcast has formally notified the European Commission of its intention to bid for Britain’s pay-TV group Sky , starting the clock on a review, a regulatory source told Reuters on Monday.
(Reuters) – Snapchat owner Snap Inc said on Monday Amazon.com Inc veteran Tim Stone would replace Andrew Vollero as chief financial officer effective May 16.
(Reuters) – Wall Street climbed on Monday, boosted by Apple’s sixth straight day of gains and by a surge in oil prices to their highest since 2014.
MUMBAI/BENGALURU (Reuters) – Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest acquisition of a business.
BOSTON (Reuters) – Massachusetts’ gambling regulator on Monday said it will allow Wynn Resorts Ltd to remove founder Steve Wynn’s name from its license for a planned $2.5 billion casino following allegations that Wynn subjected women who worked for him to unwanted sexual advances.
WASHINGTON (Reuters) – The U.S. Department of Defense resumed accepting F-35 jet deliveries from Lockheed Martin Corp last week after reaching an agreement on who would cover the costs to fix a production error, the Pentagon told Reuters on Monday.
OSLO (Reuters) – Facebook will double the size of its data center in Sweden’s northern city of Lulea, raising its total investments in the region to about 8.7 billion crowns ($987 million), the company said on Monday.
WASHINGTON (Reuters) – The U.S. Department of Defense has resumed accepting F-35 jet deliveries from Lockheed Martin Corp after reaching an agreement on who would cover the costs to fix a production error, a Pentagon official said on Monday. The terms of the agreement were not disclosed. The cost of the fix was $119 million, people familiar with the situation had previously told Reuters.
(Reuters) – Wall Street climbed on Monday, boosted by Apple’s sixth straight day of gains and by a surge in oil prices to their highest levels since 2014.
PARIS (Reuters) – Telecom Italia (TIM) reappointed Amos Genish as its chief executive on Monday, French media group Vivendi said in a statement.
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