Elliott goes to court seeking dismissal of Akzo Nobel chairman Burgmans Elliott goes to court seeking dismissal of Akzo Nobel chairman Burgmans:- Elliot Advisors, the hedge fund that has been pushing Dutch paint maker Akzo Nobel to enter takeover talks with U.S. peer PPG Industries, said on Tuesday it had […]
business news headlines
Caisse withholds backing for Bombardier's executive chairman Caisse withholds backing for Bombardier's executive chairman:- Quebec's biggest pension fund will not back Bombardier Inc Executive Chairman Pierre Beaudoin's re-election bid, according to a letter published on Monday, in a rare public display of displeasure with the plane and train maker's founding […]
Florida probes Tyson Foods, Pilgrim Pride on chicken pricing Florida probes Tyson Foods, Pilgrim Pride on chicken pricing:- Top U.S. chicken companies Tyson Foods Inc (TSN.N) and Pilgrim's Pride Corp (PPC.O) said on Monday that Florida's attorney general sought information from them regarding a probe into possible anticompetitive behavior, widening a legal […]
Target to test next-day delivery service in Minneapolis Target to test next-day delivery service in Minneapolis:- Target Corp (TGT.N) plans to test a next-day home delivery service called Target Restock in the Minneapolis area, the company said in a blog post on Monday. The company said household essentials ordered online, […]
Akzo Nobel declines third takeover proposal from PPG Akzo Nobel declines third takeover proposal from PPG:- Dutch paint maker Akzo Nobel (AKZO.AS) on Monday rejected a third takeover proposal from larger U.S. rival PPG valued at 26.9 billion euros ($29.51 billion)saying it undervalues the company, faces antitrust risks, and does […]
Old guard retail back in the cross hairs A glance at the U.S. stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. After all, the $1.16 trillion S&P 500 retail index .SPXRT has climbed […]
From two would be Fed leaders, the central bank needs to change Unemployment is at a decade low, the American economy is growing, and inflation is nowhere in sight, yet for two leading candidates to head the Federal Reserve, the central bank needs shaking up. The Fed is credited by […]
Insurance dampens Berkshire results before annual meeting Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. The results were released one […]
U.S. employment growth seen rebounding, wages increasing U.S. job growth likely rebounded in April and wages increased, pointing to a further tightening in labor market conditions that could pave the way for the Federal Reserve to raise interest rates next month. Nonfarm payrolls probably increased by 185,000 jobs last month, […]
Asian stocks fall for third day on commodity fears, China hits three-month lows Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France's presidential […]
