BOSTON (Reuters) – William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters …
(Reuters) – Netflix Inc snagged 8.33 million new streaming customers in the final quarter of last year – 2 million more than Wall Street expected – as the pioneering online video service kept pouring money into programming in a race to dominate intern…
(Reuters) – Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States by market value.
(Reuters) – Waymo, Alphabet Inc’s self-driving car unit, would start testing its self-driving vehicles in Atlanta, it said on Twitter on Monday.
(Reuters) – Photoshop maker Adobe Systems Inc on Monday lifted its adjusted profit forecast for the current quarter and the full year, saying it expects its effective tax rate to decline “substantially” due to the recently enacted U.S. tax reforms.
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on …
(Reuters) – Netflix Inc added more global subscribers than expected in the fourth quarter, as the video streaming service provider kept viewers hooked with critically acclaimed shows such as “The Crown” and “Stranger Things,” sending its shares up 7 p…
(Reuters) – U.S. stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by U.S. senators to end the federal government shutdown.
(Reuters) – Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp to explore strategic options, oust its “old guard”, including its CEO, and negotiate better terms for its decades-long deal with Japan’s Fujifilm.
(Reuters) – Media mogul Rupert Murdoch on Monday called on Facebook to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform.
(Reuters) – U.S. stocks advanced on Monday as each of Wall Street’s main indexes touched a record intraday level after U.S. senators struck a deal to end the federal government shutdown.
WASHINGTON (Reuters) – The U.S. government on Monday announced criminal and civil charges against three former staffers of an audit watchdog, accusing them of providing confidential information to help accounting firm KPMG pass regulatory inspections.
(Reuters) – U.S. oilfield services company Halliburton Co reported a bigger-than-expected adjusted quarterly profit on Monday and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production to near-record levels.
ISLAMABAD (Reuters) – Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric’s flagship new gas turbines in Pakistan were still suffering from technical issues such as “vibration” but he was confident the American company will…
(Reuters) – Wall Street’s main indexes were at session highs in afternoon trading on Monday after U.S. senators reached a deal to end the federal government shutdown.
(Reuters) – Canada’s Rogers Communications Inc said on Monday it agreed to end a joint venture in Vice Studio Canada and Viceland just three years after announcing it.
NEW YORK (Reuters) – Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out of bankruptcy hinges on whether it can shed existing biofuel costs under the country’s renewable fuel laws.
NEW YORK (Reuters) – U.S. prosecutors have charged six people, including former employees of accounting firm KPMG LLP and of the Public Company Accounting Oversight Board, with misusing confidential information from the board to help KPMG.
OTTAWA (Reuters) – The NAFTA trade agreement’s future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.
DETROIT (Reuters) – Ford Motor Co is testing prototypes of the redesigned 2020 Focus compact car on U.S. roads 18 months ahead of the car’s production launch in China.
(Reuters) – Biotech deal activity exploded on Monday with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products for hemophilia and cancer to their medicine cabinets.
(Reuters) – Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp explore strategic options and said they would join forces to elect four new members to the board, sending the company’s shares higher.
LONDON (Reuters) – Britain’s biggest retailer Tesco said on Monday it will cut a net 800 jobs from its UK business in its latest move to simplify operations and achieve targeted cost savings.
(Reuters) – U.S. oilfield services company Halliburton Co reported a bigger-than-expected fourth-quarter profit after charges and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production near record levels.
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars.