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(Reuters) – Prominent proxy advisory firm Institutional Shareholder Services on Friday recommended Frontier Communications shareholders abstain from voting on Verizon’s $20 billion takeover bid and instead support the adjournment proposal. Shareholders must decide whether a sale to Verizon, which likely would not close for at least another year, represents a better risk-adjusted alternative to the …

ISS recommends Frontier shareholders abstain from voting on Verizon’s takeover bid Read More »

(Reuters) -A top federal agency may pursue enforcement action against Capital One over alleged misrepresentations related to its savings accounts, the consumer lender disclosed in a filing late on Thursday. The company is responding to a letter the Consumer Financial Protection Bureau (CFPB) sent it earlier this month. The agency may also pursue litigation, Capital …

Capital One warns of potential CFPB enforcement action over its savings accounts Read More »

By David Shepardson WASHINGTON (Reuters) -Groups representing major airlines on Friday criticized the Biden administration’s broad public inquiry into the state of competition in air travel, saying the review needs more time and could dramatically impact the future of U.S. aviation. Carrier groups including Airlines for America and the International Air Transport Association urged the …

Major airlines criticize Biden’s air competition review, seek more time Read More »

By Dawn Chmielewski and Katie Paul (Reuters) -Walt Disney is forming a new group to coordinate the company’s use of emerging technologies such as artificial intelligence and mixed reality, as the media giant explores applications across its film, television and theme park divisions. The newly formed Office of Technology Enablement will be led by Jamie …

Exclusive-Walt Disney forms business unit to coordinate use of AI, augmented reality Read More »

By Tanay Dhumal and Nia Williams (Reuters) – Enbridge’s third-quarter profit more than doubled from a year ago, the Canadian energy infrastructure company said on Friday, citing incremental contributions from U.S. gas acquisitions, and it raised its estimate of organic growth opportunities. The Calgary-based company, which owns Canada’s biggest oil export network and is North …

Enbridge’s Q3 profit more than doubles on acquisition contributions Read More »

By Shariq Khan NEW YORK (Reuters) -U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins. The two focused on expanding oil and gas production as rivals BP and Shell spent heavily on wind, …

Exxon, Chevron top Q3 profit expectations as US oil output hits record high Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection period for payrolls, making it hard to get a clear picture of the labor market ahead of next week’s presidential election. The Labor Department’s closely watched employment report on …

US labor market staggers after blow from hurricanes, strikes Read More »