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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home. Billionaire businessman Masayoshi Son, also the head of Japan's SoftBank Group Corp , pledged a $50 billion investment in the

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SoftBank’s Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

LONDON/NEW YORK (Reuters) – As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of “a cat and mouse game” between OPEC and its U.S. shale rivals in the coming year. A 16 percent price rally over the past week has delivered U.S. frackers a golden opportunity to hedge – or sell forward – their production for 2017 and beyond, to shore up their coffers against …

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OPEC, U.S. begin ‘cat and mouse’ oil game as producers pounce on hedges

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U.S. mortgage rates rise to highest levels in over two years: MBA

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

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U.S. sues DirecTV for illegal information trading during Dodgers talks

The U.S. Justice Department filed a lawsuit on Wednesday against DirecTV, alleging the company acted as a ringleader to unlawfully swap information with rival pay-TV companies during negotiations over whether to show Dodgers baseball games in the Los Angeles area. The department said DirecTV, now owned by AT&T , swapped information with Cox Communications, Charter Communications and AT&T, to win bargaining leverage against Time Warner Cable, which distributes a channel showing Dodgers games in Los Angeles.

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U.S. sues DirecTV for illegal information trading during Dodgers talks

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Senior Italian bankers to meet Monday over sale of four banks: sources

Italy's economy minister has called a meeting with some of the country's top bankers on Monday to discuss stalled efforts to sell four small banks that were rescued from bankruptcy last year, sources said. Bank of Italy Governor Ignazio Visco was expected to join the gathering, which comes just days after sources said the European Union had agreed to extend…

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Senior Italian bankers to meet Monday over sale of four banks: sources

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Bass Pro consortium in the lead to acquire Cabela’s: sources

A consortium of Bass Pro Shops, Goldman Sachs Group Inc's private equity arm and Capital One Financial Corp is in the lead to acquire U.S. outdoor gear retailer Cabela's Inc , according to people familiar with the matter. It would come close to a year after Cabela's said it would explore strategic alternatives, including a potential sale, after coming under pressure from activist fund Elliott Management Corp. The exact price the Bass Pros consortium

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Bass Pro consortium in the lead to acquire Cabela’s: sources

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Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’

By Amanda Becker WHITE PLAINS, N.Y. (Reuters) – U.S. presidential candidate Hillary Clinton on Monday will unveil a plan to make it easier for consumers to take legal action against “bad corporate actors,” citing Wells Fargo & Co and Mylan Pharmaceuticals, according to a campaign official. While campaigning in Ohio, the Democratic nominee will explain how she would…

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Clinton expected to hit Wells Fargo in speech on ‘bad corporate actors’

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Deutsche Bank races against time to reach U.S. settlement

By Georgina Prodhan, Kathrin Jones and Lawrence Delevingne FRANKFURT (Reuters) – Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities. The threat of such a large fine has pushed Deutsche shares to record…

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Deutsche Bank races against time to reach U.S. settlement

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Twinkies maker Hostess to go public under new owner

The Kansas City, Missouri-based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc , a special purpose acquisition company (SPAC). Including debt, the total value of the deal is about $2.3 billion, Hostess said. The company's products, especially the golden, cream-filled Twinkies cakes, are ingrained in American pop culture and have long been packed in children's lunch boxes.

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Twinkies maker Hostess to go public under new owner

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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 elevation to executive …

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Sumner Redstone has power to remove Viacom CEO from his trust

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