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Where can you get a 5 percent yield? At Macy’s
Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof. For example, Staples pays a dividend The rest is here: Where can you get a 5 percent yield? At Macy’s Read More →
U.S. existing home sales rise for second straight month, inventory still tight
The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the previously reported 5.33 million units. Economists polled by Reuters had forecast home resales rising to a 5.40 million-unit pace last month. Go here to read the rest: U.S. existing... [Read more]
Charter Communications completes purchase of Time Warner Cable
Charter Communications Inc said Wednesday it has completed its acquisition of Time Warner Cable Inc and Bright House Networks LLC, creating the second-largest U.S. broadband provider and third-largest pay TV provider. The combination of Charter, TWC and Bright House will serve over 25 million customers in 41 states. The completion of the deals came days after Charter won final regulatory approvals,... [Read more]
Sumner Redstone has power to remove Viacom CEO from his trust
Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter. There is no evidence that Sumner Redstone is considering replacing Dauman. Shari Redstone, who sits on Viacom's board, voted against Dauman's... [Read more]
Oil rally suggests supply worries wane, but for how long?
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over. Oil prices in global markets have been lifted in the past week by news of falling U.S. production and output disruptions in Canada and Nigeria. The... [Read more]
Oil rally suggests supply worries wane, but for how long?
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term… More: Oil rally suggests supply worries wane, but for how long? Read More →
Exclusive: Hyundai raids Bentley to turbo-charge Genesis luxury drive
By Norihiko Shirouzu BEIJING (Reuters) – After poaching Bentley's design chief last year, Hyundai Motor Co is set to announce it has also secured the services of the luxury marque's exterior designer. Korean Sangyup Lee is being brought in to work with Luc Donckerwolke, a Peruvian-born Belgian, to lead Hyundai's development of its Genesis premium car brand – a project driven... [Read more]
Google faces record 3 billion euro EU antitrust fine: Telegraph
Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last... [Read more]
Panama airport places $575 million bond after probe hits issue
Panama City's main airport said on Friday it had successfully placed a $575 million bond after a company forming a major source of income for the hub became embroiled in a money-laundering probe, prompting the issue to be restructured. Originally earmarked for $625 million, the bond for Tocumen International Airport was pared back after the U.S. Treasury Department accused members of the Waked... [Read more]
VW gets ready to move on comeback plan in U.S.: sales chief
Volkswagen hopes to reach a final settlement with the U.S. authorities over the diesel emissions scandal next month so that it can get moving on a recovery plan which will see the launch of several new crossover and electric vehicles, its sales chief said on Thursday. VW aims to expand its electric-vehicle offerings in the United States to meet a growing demand for green cars and help restore its... [Read more]