Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. The activist shareholders, who own a combined 15 percent of the […]
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Business
Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the […]
Bitcoin may not be worth all the hoopla: N.Y. Fed blog post Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal […]
European share declines limited after another Wall Street sell-off European shares posted limited losses on Friday morning after a fresh sell-off on Wall Street, which has now entered a correction with the benchmark S&P 500 and Dow industrials falling more than 10 percent from their Jan. 26 record highs. Europe’s […]
Senate Democrats: Tax cuts benefit shareholders over workers U.S. Senate Democrats on Wednesday said corporations are funneling savings from December’s sweeping Republican tax overhaul into nearly $100 billion in share buyback programs that promise little benefit to American workers. In a report unveiled weeks after President Donald Trump enacted the […]
U.S. Senate leaders reach $300 billion federal spending deal The U.S. Senate, in a rare display of bipartisanship, on Wednesday reached a two-year budget deal to raise federal spending by almost $300 billion, in an attempt to end the kind of squabbling over fiscal issues that has plagued Washington for […]
Snapchat overhaul convinces investors it can fight Instagram Snapchat owner Snap Inc on Tuesday reported surging growth in users and revenue in its latest quarter, reviving hopes that it can survive competition with Facebook Inc’s Instagram and sending its shares up more than 20 percent. Investor enthusiasm for the instant […]
U.S. regulators may ask Congress for virtual currency legislation U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday. The comments by […]
Strategists still see year-end gains in U.S. stocks despite selloff The 4.5 percent drop in the benchmark S&P 500 over the last five days has not dented strategists’ expectations for mild to moderate gains in the U.S. stock market by the end of the year, with corporate earnings and interest […]
Treasury’s Mnuchin says he wants answers on Equifax breach U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc (EFX.N) after a report that the agency’s chief has pulled back […]
