By Divya Rajagopal TORONTO (Reuters) – Rogers Communications said on Thursday that Canada’s competition commissioner has a “statutory obligation” to expedite the hearing into the company’s proposed acquisition of Shaw Communications Inc. There are no compelling reasons to change the dates that were agreed by the parties, Rogers said. Rogers made the comments in a…
ORLANDO, Fla. (AP) — A Florida woman has sued Equifax claiming she was denied a car loan because of a 130-point mistake in her credit report that she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem. The class action lawsuit was…
We are in the midst of the busiest week of the earnings season. Most of the bellwethers have posted Q2 results but we still have 150 companies in the S&P reporting this week. It is very easy to miss results given the endless headlines crossing wires. We will take the next few reports to look…
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight. That was underscored by other data on Thursday showing a sharp decline in layoffs announced by U.S.-based companies in July. The still-low level of unemployment…
FRANKFURT (Reuters) – Bayer’s chief executive said an arbitration court would soon decide on claims brought by rival BASF, saying it overpaid for assets that Bayer sold to secure antitrust clearance for the takeover of Monsanto. Bayer CEO Werner Baumann told analysts in a call on Thursday that the ruling was expected “shortly” and that…
MUMBAI (Reuters) – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion house Balenciaga, the latest in a flurry of deals the conglomerate has signed with high-end brands. Reliance Brands Ltd (RBL), a unit of the conglomerate that also runs India’s biggest retail chain, said in a…
WASHINGTON (AP) — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy. Applications for jobless aid for the week ending July 30 rose by 6,000 to 260,000 from the previous week’s 254,000, the…
(Reuters) – Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. The Swiss bank is expected to finalize plans over the next couple of months and is examining inefficiencies in its middle and back office, in addition to efforts to reshape its…
MOSCOW (Reuters) -Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, a government decree showed, as Moscow re-writes rules for foreign firms operating in the country amid sanctions. Western countries and allies, including Japan, imposed tough sanctions on Russia after it sent troops into Ukraine in…
(Reuters) – Eli Lilly and Co on Thursday cut its full-year profit forecast for the second time after reporting a near one-third slump in quarterly profit on Thursday, hurt by lower prices of insulin and competition for its cancer drug, Alimta. U.S. drugmakers have been pulled up by lawmakers in recent months over rising costs…
