June 12, 2019

Mattel rejects renewed merger bid from rival MGA Entertainment

Toymaker Mattel Inc last week rejected another merger offer from Bratz doll maker MGA Entertainment Inc, MGA’s chief executive officer, Isaac Larian, said on Tuesday. Powered […]
June 12, 2019

The media has a big problem, Reuters Institute says: Who will pay for the news?

News organizations are being challenged by technology giants and unsettled by a broader lack of trust but they have a much deeper problem: most people don’t […]
June 12, 2019

Dash for growth at company founded by Indian yoga guru leads to stumbles

Three years ago, Indian yoga guru and entrepreneur Baba Ramdev was riding high. Powered by WPeMatico
June 12, 2019

Tesla is serious about a possible record quarter, not so serious about a submarine car

Tesla Inc has “a decent shot at a record quarter on every level”, Chief Executive Officer Elon Musk said at the company’s annual shareholder meeting on […]
June 12, 2019

Kroger to start selling cannabis-based products

Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the […]
June 11, 2019

Wall Street treads water after recent rally

U.S. stocks ended near flat and the Dow snapped a six-day winning streak on Tuesday, as investors paused following a run of gains and fresh worries […]
June 11, 2019

GM expected to invest $150 million to boost truck output in Flint, Michigan: sources

General Motors Co is expected to announce on Wednesday it is investing about $150 million at its Flint Assembly in Michigan to boost production of heavy […]
June 11, 2019

Equities rally dissipates as trade optimism fades, yield curve flattens

Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade tensions as euphoria from Friday’s U.S.-Mexico deal faded. Powered by […]
June 11, 2019

Investor Ackman opposes United Technologies’ aerospace merger with Raytheon: source

William Ackman’s activist hedge fund Pershing Square Capital Management LP is opposed to United Technologies Corp’s $120 billion aerospace merger with defense contractor Raytheon Co, a […]
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