The National Football League is planning to live-stream all three games scheduled to be played in London next season, and Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) subsidiary Google are among the technology companies in talks to buy the rights to conduct t... More »
SAN FRANCISCO The U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at ride service Uber [UBER.UL], including an examination of whether any employees at competitor Lyft were involved in the episode, sources familiar with... More »
Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay. The fourth-largest U.S. retailer has not committed to launch t... More »
FRANKFURT Hints by Mario Draghi ahead of last Thursday’s ECB rate meeting that the euro zone may need another big injection of money backfired, stiffening the resolve of more conservative central bankers who criticized him for raising expectations too high, so... More »
BOSTON/NEW YORK An official for the second-largest U.S. public pension system on Thursday urged Viacom Inc (VIAB.O) to do away with its dual-class share structure, the latest call from an investor for change at the media empire controlled by the aging mogul Su... More »
Sumner Redstone’s physicians have publicly attested that he is mentally capable, William Schwartz, chairman of Viacom (VIAB.O)’s governance and nominating committee, wrote in an e-mailed to Reuters Wednesday afternoon. “As has been widely and publicly disclose... More »
LONDON/NEW YORK/FRANKFURT Investment bank Lazard is working with Sanofi’s management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12... More »
BEIJING/HONG KONG China’s Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years in a bid to become the world’s third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday. Chairman Zh... More »
NEW YORK/LOS ANGELES In recent days, the largest U.S. managers of private prescription drug benefits have cut off at least eight pharmacies that work closely with drugmakers, intensifying scrutiny of a system that helps inflate drug prices, officials at the be... More »
NEW YORKVerizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business. The sale would ... More »
EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc [DI.UL] as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter. EMC has asked f... More »
NEW YORK/WASHINGTON A group of prominent Democratic Party fundraisers on Friday began circulating a letter to encourage a hesitant Vice President Joe Biden to enter the 2016 race for U.S. president. The letter, signed by nearly 50 people, calls the Obama-Biden... More »
NEW YORK/WASHINGTON A group of prominent Democratic Party fundraisers on Friday began circulating a letter to encourage a hesitant Vice President Joe Biden to enter the 2016 race for U.S. president. The letter, signed by nearly 50 people, calls the Obama-Biden... More »
WASHINGTON A senior Pentagon official on Friday expressed concerns about Aerojet Rocketdyne Holding Inc’s reported $2 billion bid for United Launch Alliance (ULA), a 50-50 rocket launch venture of Lockheed Martin Corp and Boeing Co, and said the deal would req... More »
NEW YORK Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank’s plans. A lack of in... More »
SAN FRANCISCO In 2009, Eugene Kaspersky, co-founder of one of the world’s top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. (AVG.N) by “rubbing them out in the outhouse,” one of se... More »
NEW YORK DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. “The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said... More »
BlackRock Inc’s (BLK.N) chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Federal Reserve to raise interest rates is closing, he said in an interview on Monday. While Rieder hopes the Fed will still begin raisi... More »
Australia’s Macquarie Group (MQG.AX) is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview. Market makers provide ETF issuers with an array of services, including providing seed capital and distribution. They u... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation’s chief information officer told Reuters. “I think it’s a realistic chance, and I... More »
MEXICO CITY Mexico City could become the first city in the world to limit the number of Uber cars, according to draft regulation that the company said on Friday also threatens to wipe out its most popular service in the giant metropolis. Aside from the fleet l... More »
CHICAGO Amazon.com Inc (AMZN.O) will start a business loan program for small sellers in the United Kingdom on Tuesday and is looking to launch it this year in seven more countries including China. Until now, the e-retailer has offered the service only in the U... More »
WASHINGTON The failure of a SpaceX rocket over Florida on Sunday should not lead U.S. officials back to Russia to look for a rocket engine that can get military equipment into space, Senate Armed Services Committee Chairman John McCain said on Monday. “This mi... More »
