(Reuters) -Walt Disney Co chief executive Bob Chapek has rejected billionaire activist investor Daniel Loeb’s call to sell or spin off the ESPN sports television network, the Financial Times reported on Saturday. Loeb, who runs Third Point, in August disclosed a stake of roughly $1 billion in Disney and announced plans to push the company…
By Mrinmay Dey (Reuters) – Visa Inc, the world’s largest payments processor, on Saturday said it will implement a new merchant category code for U.S. gun retailers, which will identify transactions at firearms stores. The International Organization for Standardization on Friday approved creation of the merchant code following pressure from gun-control activists who say it…
NEW YORK (AP) — Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting. But the decision by Visa, the…
By Leika Kihara TOKYO (Reuters) – Japan’s Deputy Chief Cabinet Secretary Seiji Kihara said on Sunday the government must take steps as needed against excessive declines in the yen. “As for excessive, one-sided currency moves, we will closely watch developments and must take steps as needed,” Kihara told a television programme, when asked about the…
By Mathieu Rosemain PARIS (Reuters) – Ubisoft, France’s biggest video games maker, is still open to other partners after a deal in which China’s Tencent will raise its stake in the company, its co-founder and CEO Yves Guillemot said on Thursday. Guillemot’s comments, made at a closed press event whose content the company asked not…
MILAN (Reuters) – Porsche AG wants to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen was quoted as saying on Saturday, as investors showed huge interest in the initial public offering (IPO). “We welcome a strong interest in our company and we…
DUBLIN (Reuters) -Aer Lingus cancelled almost all of its afternoon flights to and from Dublin airport on Saturday as connection problems in its reservation systems disrupted check-in and boarding processes, the airline said. The Irish carrier, owned by London-listed IAG, said “a major incident with a network provider” meant it could not access its cloud-based…
By Francesco Canepa PRAGUE (Reuters) – European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2% or more to curb record-high inflation in the euro zone despite a likely recession, sources told Reuters. With inflation hitting 9.1% in August and seen above the ECB’s 2%…
LONDON (Reuters) -Aer Lingus cancelled all of its afternoon flight departures from Dublin airport on Saturday as connection problems in its reservation systems disrupted check-in and boarding processes, the company said. The Irish carrier, which is owned by London-listed IAG, said “a major incident with a network provider” meant it could not access its cloud-based…
By Jan Strupczewski and Jason Hovet PRAGUE (Reuters) – The European Commission will present in the second half of October proposed changes to European Union fiscal rules that are likely to offer countries individual debt reduction paths, Commission Vice President Valdis Dombrovskis said on Saturday. At a news conference after EU finance ministers held talks…