NEW YORK (Reuters) – A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to co…
HOUSTON (Reuters) – Commodities trader and investor TrailStone Group has purchased Cargill Inc’s gas and power trading group, three sources familiar with the deal said this week.
(Reuters) – Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.
(Reuters) – Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and it edged closer to hitting a key profitability target.
CHICAGO (Reuters) – U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc. has hired the man behind Google search to work closely with Chief Executive Travis Kalanick and help grow the company’s self-driving car program.
LONDON/FRANKFURT (Reuters) – U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.
OTTAWA (Reuters) – Canada’s business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers.
LIMA (Reuters) – A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline on Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the $5 billion contract, the company s…
SAN FRANCISCO (Reuters) – San Francisco Federal Reserve Bank President John Williams on Friday repeated his view that the U.S. central bank needs to reduce monetary stimulus before the economy overshoots the Fed’s employment and inflation goals and the…
NEW YORK (Reuters) – Societe Generale agreed to pay a $50 million civil fine to settle U.S. claims that it defrauded investors in connection with the marketing and sale of residential mortgage-backed securities.
NEW YORK (Reuters) – Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note …
FRANKFURT (Reuters) – The European Union’s ethics watchdog has opened an inquiry into the participation of European Central Bank President Mario Draghi and senior ECB officials in the work of an exclusive group that includes bankers and fund managers.
NEW YORK (Reuters) – American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett’s Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written.
SEATTLE (Reuters) – The International Association of Machinists and Aerospace Workers said it planned to petition on Friday for about 2,850 workers at Boeing Co’s assembly plant in South Carolina to vote on union representation.