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Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in
By David Randall NEW YORK (Reuters) – Major U.S. growth mutual funds have been among the largest sellers of Apple Inc shares over the past six months, fueling speculation that the company’s days of supercharged growth have come to an end. Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth & Income Fund has sold all of its 1.7 million... [Read more]
Chipotle ‘confident’ it can stop outbreaks, shares rise
By Lisa Baertlein and Noel Randewich LOS ANGELES/SAN FRANCISCO (Reuters) – Chipotle Mexican Grill Inc executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent… View original post here: Chipotle ‘confident’ it can stop outbreaks, shares rise Read More →
Icahn buying up Time Warner shares: sources
Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc , people familiar with the matter said on Monday. Icahn's intentions when it comes to Time Warner are not yet known, the people said Continued here: Icahn buying up Time Warner shares: sources Read More →
Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri
Japanese beverage maker Asahi Group Holdings Ltd will submit a bid as early as next week to buy SABMiller PLC's Grolsch and Peroni beer brands for as much as 400 billion yen ($3.41 billion), the daily Yomiuri reported. If accepted, it would Read the original: Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri Read More →
Pfizer hikes U.S. prices for over 100 drugs on January 1
Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent, Go here to see the original: Pfizer hikes U.S. prices for over 100 drugs on January 1 Read More →
Exclusive: Verizon launches auction to sell data centers – sources
A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers. It would also mark a reversal of its strategy to expand in hosting and colocation services after it acquired data center operator Terremark Worldwide Inc in 2011 for $1.4 billion. The... [Read more]
Delta’s pilots union seeks big wage hike as profits surge: Bbg
(Reuters) – The union representing Delta Air Lines Inc's pilots is seeking a wage hike of about 40 percent compounded over three years as the carrier's profits surge, Bloomberg reported, citing a memo from the Air Line Pilots Association. The union is taking a more aggressive stance in negotiations with the Atlanta-based airline after two-thirds of the pilots previously… See... [Read more]
Apple shares to close year with worst performance since 2008
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years. * Continued here: Apple shares to close year with worst performance since 2008 Read More →
Lockheed wins more than $1 billion contract for C-130J aircraft
(Reuters) – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday. The work is expected to be completed Original post: Lockheed wins more than $1 billion contract for C-130J aircraft Read More →
Oil ending 2015 how it began – on the skids
By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies of commodity-rich countries including the Russian rouble, Canadian dollar, Norwegian crown, Brazilian real and Mexican peso. While cheaper... [Read more]