thursday

Sumner Redstone moves to oust five Viacom directors including CEO from board

By Jessica Toonkel and Dan Levine NEW YORK/SAN FRANCISCO (Reuters) – Sumner Redstone removed five of Viacom Inc's directors, including Chief Executive Philippe Dauman, from the board of the media company he controls on Thursday, a big step toward a potential management shake-up of the almost $20 billion…

Read the rest here:
Sumner Redstone moves to oust five Viacom directors including CEO from board

thursday

Asia shares slip for seventh session, bonds well bid

Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks.

More:
Asia shares slip for seventh session, bonds well bid

thursday

Solar developer SunEdison in bankruptcy as aggressive growth plan unravels

SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion

Original post: 
Solar developer SunEdison in bankruptcy as aggressive growth plan unravels

thursday

China’s Anbang abandons $14 billion bid to buy Starwood Hotels

China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator. The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company, with about 5,700 hotels, against Anbang's drive to create a vast portfolio of U.S. real estate assets. It also represents a blow…

Go here to read the rest:
China’s Anbang abandons $14 billion bid to buy Starwood Hotels

thursday

Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

WASHINGTON (Reuters) – Lockheed Martin Corp has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 defense budget, the Pentagon said on Thursday in its daily digest of major contracts.

More:
Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

thursday

U.S. economic activity expanded, but conditions mixed: Fed

U.S. economic activity continued to expand in most districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face when they next meet to decide the path of interest rates on March 15-16. Consumer spending increased in

Original post:
U.S. economic activity expanded, but conditions mixed: Fed

thursday

Pressure builds against short sellers targeting Tesla

Potential losses are building against traders who have bet against Tesla Motors Inc . The electric car manufacturer's stock has surged about 25 percent since it posted upbeat quarterly results in early February. At the same time, activity by short sellers – who bet that a company's shares will fall – has hit an all-time high, and the interest rate paid by short sellers has skyrocketed.

View original post here: 
Pressure builds against short sellers targeting Tesla

thursday

Privacy groups urge U.S. judge to support Apple in iPhone case

(Reuters) – Digital privacy advocates have called on a U.S. federal judge to approve Apple Inc's request not to be compelled to build software to help the FBI unlock an iPhone used by one of the shooters in the …

See the original post here:
Privacy groups urge U.S. judge to support Apple in iPhone case

thursday

Asia shares scale 7-week peak, commodities on the mend

Asian shares were bound for a third straight session of gains on Thursday as upbeat data on U.S. jobs and a rally in a range of commodities whetted risk appetites globally. MSCI's broadest index of Asia-Pacific shares outside Japan added another 0.9 percent to reach a seven-week top, having surged 2.6 percent on Wednesday. Japan's Nikkei

Excerpt from:
Asia shares scale 7-week peak, commodities on the mend

thursday

Apple files arguments in court opposing FBI iPhone request

(Reuters) – Apple Inc submitted a legal brief on Thursday opposing the U.S. government's attempt to force the technology company to unlock an encrypted iPhone belonging to one of the San Bernardino

Read more from the original source:
Apple files arguments in court opposing FBI iPhone request

« Previous Page — Next Page »