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Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources

While the Toronto-based company faces major financing and operating challenges in completing a deal to buy Macy's, which is trying to overhaul its operations, it could use its existing foothold in the U.S. to save on administrative

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Canada’s Hudson’s Bay makes takeover approach for Macy’s: sources

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Lockheed, Pentagon announce $8.5 billion F-35 order

The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon's most expensive program. This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as “out of control” in December. The price per jet has been steadily…

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Lockheed, Pentagon announce $8.5 billion F-35 order

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China says can resolve trade disputes with new U.S. government

China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports…

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China says can resolve trade disputes with new U.S. government

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U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

By Lauren Hirsch, Liana B. Baker and Olivia Oran SAN FRANCISCO/NEW YORK (Reuters) – This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. The New York Stock Exchange – its arch-rival – on the same day tweeted a video shot from the floor of its exchange, showing that it too was using the social media giant's gadget. The scramble to promote Snapchat's “spectacles” is revealing the…

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U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

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U.S. jobless claims fall unexpectedly in latest week

The number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in decades. Initial claims for state unemployment benefits declined by 15,000 to a seasonally adjusted 234,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled

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U.S. jobless claims fall unexpectedly in latest week

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New drug approvals fall to six-year low in 2016

Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45. Across the

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New drug approvals fall to six-year low in 2016

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Oracle ordered to pay HP $3 billion in Itanium case

A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Thursday. The Itaniuum processor is made by Intel Inc . In the first phase of trial in 2012, Santa Clara Superior Court Judge James Kleinberg ruled that there had been a contract.

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Oracle ordered to pay HP $3 billion in Itanium case

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Bond yields sink as central banks head for easier policy

The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years. Signs that the world's big central banks will go even easier on monetary conditions, extending …

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Bond yields sink as central banks head for easier policy

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Brent falls to another 12-year low on oversupply gloom

By Aaron Sheldrick TOKYO (Reuters) – Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent. West Texas Intermediate (WTI) erased

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Brent falls to another 12-year low on oversupply gloom

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Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion

Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry. Panasonic, like several domestic peers, has been moving away from unprofitable smartphones and plasma television sets, focusing instead on higher margin products, such as high-end cold storage, …

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Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion

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