WASHINGTON (Reuters) – Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tues… Continue reading
WASHINGTON (Reuters) – President-elect Donald Trump said on Tuesday that the head of Japanese telecoms and internet firm SoftBank Group Corp had agreed to invest $50 billion in the United States toward businesses and create 50,000 new jobs.
(Reuters) – Wall Street edged higher on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally.
SAN FRANCISCO (Reuters) – Mutual funds that bought Lululemon Athletica’s stock in recent months may find themselves in a cold sweat if the retailer’s quarterly report on Wednesday shows strong signs that leggings and other yoga apparel are falling out… Continue reading
(Reuters) – Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a “very substantial reversal of regulations of all types,” for the financial sector, following Donald Trump’s U.S. presidential election victory.
CHICAGO (Reuters) – The bank lenders of Caesars Entertainment Corp’s operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray.
(Reuters) – The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying… Continue reading
WASHINGTON (Reuters) – The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other products fell, suggesting trade would be a drag on growth in the fourth quarter.
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc , amid activist pressure to revamp its board and revive sales following last year’s string of food safety lapses, will “shortly” announce a new slate of directors, founder and co-chief executive Steve … Continue reading
BRUSSELS (Reuters) – Microsoft won EU antitrust approval on Tuesday for its $26 billion bid for professional social network LinkedIn , its largest ever acquisition, after agreeing to a series of modest concessions.