U.S. fashion retailer J. Crew launches debt restructuring deal J. Crew Group Inc disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing […]
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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 […]
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 […]
Amazon-Apple TV deal shows tough road to cooperation for tech rivals A deal bringing Amazon Prime Video to Apple TV, announced on Monday at Apple Inc's developer conference after years of talk, shows how competitive tensions among Silicon Valley titans can stand in the way of serving customers. The logic […]
Foxconn says Apple, Amazon to join its bid for Toshiba chip business Apple Inc (AAPL.O) and Amazon.com Inc will join Foxconn's (2317.TW) bid for Toshiba Corp's (6502.T) semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday. The two U.S. technology giants plan to "chip […]
Dollar Express sues Dollar Tree for driving it out of business U.S. discount retailer Dollar Express has filed a lawsuit accusing rival Family Dollar and its parent company Dollar Tree Inc (DLTR.O) of driving it out of business, the third government-required divestiture to fail in recent years. Dollar Express was […]
Greece denies report it may opt out of receiving more bailout money Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite […]
Oil slips on oversupply worries despite OPEC deal Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years. Benchmark Brent crude LCOc1 was down 45 cents […]
Civilians lack food, water, medicine as Mosul battle mounts Tens of thousands of civilians in parts of Mosul held by Islamic State are struggling to get food, water and medicine, the United Nations said, days into a new push by U.S.-backed Iraqi government troops to take the northern city. Up […]
GM says ISS advises against Greenlight share plan, board nominees General Motors Co(GM.N) said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into […]
