By Lewis Krauskopf NEW YORK (Reuters) – Fresh volatility in U.S. stocks is pushing some investors to hunker down in areas of the market that have been relatively strong during a brutal year for equities, including energy shares, defensive names and dividend-payers. The S&P 500 is down 9% since mid-August, partially reversing a summer rebound …
Defensives, energy, dividend plays gain favor as market swoons anew Read More »
By Barbara Grzincic (Reuters) – A federal appeals court has revived a potential class action against Burger King over its prior use of a “no-hire” clause that blocked all franchisees from hiring each other’s employees. The 11th U.S. Circuit Court of Appeals Wednesday reversed a ruling by a district court judge in Miami, who dismissed …
Ex Burger King workers get another bite at ‘no-hire’ conspiracy lawsuit Read More »
PARIS (Reuters) – Vivendi’s pay TV company Canal+ called on the government to convince TF1 to allow it to broadcast its channel free of charge, two days after halting the airing of TF1 channels because the price the group asked was too high. In an interview with weekly Journal du Dimanche, Canal+ Chairman Maxime Saada …
Canal+ urges government to convince TF1 to allow free broadcast Read More »
CERNOBBIO, Italy (Reuters) – Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoil had sought the necessary authorisation. “Lukoil has put in the necessary request … and we’re awaiting a response,” Starace said during a press briefing …
Enel CEO awaits word on sale of Russian unit to Lukoil Read More »
(Reuters) – Russia’s Gazprom said it would ship 42.7 million cubic metres (mcm) of natural gas to Europe through Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows via the Sudzha entry point were up slightly compared to the 41.3 mcm …
Gazprom piping gas to Europe via Ukraine after Nord Stream stoppage Read More »
(Reuters) – The U.S. Federal Trade Commission has begun a review of Amazon.com’s $1.7 billion takeover of robot vacuum maker iRobot Corp to decide if the deal violates antitrust law, Politico reported on Friday, citing people familiar with the matter. The U.S. anti-trust body’s iRobot review is wide-ranging and would include both head-to-head competition and …
U.S. begins antitrust review of Amazon’s takeover of vacuum maker iRobot – Politico Read More »
(Reuters) – Citigroup Inc on Friday said it has slightly trimmed its mortgage workforce, due to an internal streamlining of functions. Less than 100 positions were affected, according to Bloomberg News, which first reported the layoffs. “We are doing our best to support each individual by helping them to find new employment opportunities within Citi …
Citigroup makes small cuts in mortgage workforce as housing market cools Read More »
By Caroline Humer (Reuters) -Drugstore chain owner CVS Health Corp is in advanced talks to buy home-healthcare company Signify Health Inc for about $8 billion, according to a person familiar with the matter. CVS is close to clinching the deal which could be announced as early as next week, after beating out other potential buyers …
CVS in advanced talks to buy Signify Health for about $8 billion -source Read More »
By David Shepardson WASHINGTON (Reuters) – President Joe Biden said on Friday he plans to attend the Detroit auto show later this month as his administration touts a rising number of investments in electric vehicles and battery manufacturing. “I’ll be there. I’m a car guy – as you kind of noticed,” Biden said at an …
(Reuters) -One Medical said on Friday the U.S. Federal Trade Commission had sought more information from the company and Amazon.com Inc about the primary care provider’s $3.49-billion acquisition by the online retailer. The request for new information is part of the U.S. anti-trust body’s review process, which is usually done to check if a deal …
U.S. FTC asks Amazon, One Medical for more information on $3.49-billion deal Read More »
