GE wins U.S. antitrust approval for Baker Hughes deal General Electric Co (GE.N) won U.S. antitrust approval to merge its oil and gas business with Baker Hughes Inc (BHI.N) to form a new publicly traded company, the Justice Department said on Monday. GE and Baker Hughes announced the deal in […]
United States
Uber CEO Kalanick likely to take leave, SVP Michael out Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday […]
U.S. Treasury unveils financial reforms, critics attack By Pete Schroeder and Lisa Lambert The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist. The nearly 150-page report suggested more than 100 changes, […]
Uber board adopts all recommendations from Eric Holder investigation The Uber Technologies Inc [UBER.UL] board of directors voted unanimously to adopt all recommendations from a report stemming from allegations of sexual harassment at the company and other employee concerns, a board representative said on Sunday. The board, at a meeting […]
Puerto Rico gov upholds statehood in vote hit by boycott Puerto Rico’s governor is vowing to turn the U.S. territory into the 51st state after statehood won in a non-binding referendum hit by a boycott and low turnout that raised questions about the vote’s legitimacy. Gov. Ricardo Rossello told a […]
Wilbur Ross seen imposing Mexico sugar deal over industry objections U.S. Commerce Secretary Wilbur Ross is likely to impose a new sugar trade deal with Mexico even if final revisions to it fail to win support from the U.S. industry, trade lawyers and experts say. After announcing a deal this […]
Sirius to invest $480 million in Pandora, may be path to music streamingc Sirius XM Holdings Inc (SIRI.O) said on Friday it will invest $480 million in Pandora Media Inc (P.N), giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora. While Sirius […]
Western Digital to raise Toshiba chip offer to $18 billion or more Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a […]
Regional banks may keep lagging without Washington lift A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and that’s not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. While some investors see bargains […]
Iran leaders accuse US, Saudis of supporting Tehran attacks Iranian leaders on Friday accused the United States and Saudi Arabia of supporting the Islamic State-claimed dual attacks that killed 17 people in Tehran this week. The country’s Supreme Leader said the attacks will add to the hatred that Iranians harbor […]
