By Marie Mannes (Reuters) -Activist investor Elliott Management Corp has raised its stake in Swedish Match to over 10%, it said in a filing on Friday, increasing its clout over Philip Morris International’s (PMI) $16 billion takeover bid for the Swedish company. The move comes a week before the Nov. 4 deadline when shareholders must …
Elliott raises Swedish Match stake again as Philip Morris deadline looms Read More »
(Reuters) – Bed Bath & Beyond Inc said on Friday a third party had this month improperly accessed its data through a phishing scam by accessing the hard drive and certain shared drives of one of its employees. The big-box retailer said it was reviewing the data that was accessed so it can determine whether …
Bed Bath & Beyond reviewing possible data breach Read More »
OTTAWA (Reuters) -Canada must build a resilient critical minerals supply chain with like-minded partners, Ottawa said on Friday, as it outlined rules meant to protect the country’s critical minerals sectors from foreign state-owned companies. “While we continue to welcome foreign direct investment that supports this goal, Canada will act decisively when investments threaten our national …
Canada strengthening guidelines to protect critical minerals sectors Read More »
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) decided on Friday to give Italian state lender CDP and its partners until Nov. 30 to submit a non-binding offer for the former monopoly’s landline grid, two sources with knowledge of the matter said. Talks between TIM, Italy’s biggest telecoms group, and CDP will continue on a …
Italy’s TIM drops exclusivity in extended talks with CDP over network Read More »
LONDON (Reuters) – It’s rate-hike central with monetary policy meetings in the United States, Britain, Australia and Norway in the week ahead. Any signs that the pace of aggressive tightening among big developed economies could slow is key. That also puts the spotlight on the October U.S. jobs report and euro area inflation data. In …
By John McCrank NEW YORK (Reuters) -The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with ultra-low interest rates, while the greenback firmed after U.S. data showed inflation was still running hot. The greenback was under pressure this …
Yen falls on dovish BOJ as market awaits Fed decision Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen said supply bottlenecks were the new norm as its third quarter earnings stagnated below pre-pandemic levels, under the burden of its Porsche listing and the write-off of a self-driving startup, as well as issues securing parts. The carmaker lowered its expectations for deliveries this year to be on par …
Volkswagen says supply jams here to stay as earnings stagnate Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp on Friday said global production climbed 30% in the quarter ended in September, but warned the shortages of semiconductors and other parts that have roiled the auto industry would still constrain output in coming months. Toyota produced 887,733 vehicles globally in September, a record for a single …
Toyota says quarterly output up 30%, but parts shortages continue Read More »
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with solid economic data and a mixed bag of corporate earnings. The price-weighted Dow advanced, held aloft by industrials, while weakness in market-moving tech and tech-adjacent megacaps depressed the S&P 500 and Nasdaq in the …
S&P 500, Nasdaq slide, but Dow ends higher on mixed earnings picture Read More »
CHICAGO (Reuters) – American Airlines has offered a 19% pay increase to its pilots over two years in a new contract, according to a draft agreement. American pilots will get a 12% raise on the date of the contract signing, another 5% after one year and another 2% after two years. (Reporting by Rajesh Kumar …
American Airlines offers 19% pay increase to pilots in new contract – draft agreement Read More »
