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Staples to announce sale to Sycamore Partners on Wednesday: source

/  29.06.2017  /  Business 

(Reuters) – Staples Inc will announce its sale to private equity firm Sycamore Partners for $10.25 per share in cash on Wednesday, a person familiar with the matter said on condition of anonymity.

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Southwest Airlines to scale down Cuba flights

/  28.06.2017  /  Business 

(Reuters) – Southwest Airlines Co said it would reduce the number of flights to Cuba, joining other U.S. airlines, as President Donald Trump’s Cuba policy continues to restrict Americans traveling to the country.

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Nestle plan hailed as only the start of Schneider’s shake-up

/  28.06.2017  /  Business 

ZURICH/LONDON (Reuters) – Nestle’s plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company’s new leadership.

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Canada’s top court rules Google must block some results worldwide

/  28.06.2017  /  Business 

OTTAWA (Reuters) – Canadian courts can force internet search leader Google to remove results worldwide, the country’s top court ruled on Wednesday, drawing criticism from civil liberties groups arguing such a move sets a precedent for censorship on the internet.

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FedEx says operations at TNT Express disrupted after virus attack

/  28.06.2017  /  Business 

(Reuters) – Package delivery company FedEx Corp said on Wednesday operations of its TNT Express unit were disrupted after being hit by an information system virus attack.

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Monsanto profit tops expectations as soybean sales surge

/  28.06.2017  /  Business 

(Reuters) – U.S. seeds and agrochemicals company Monsanto Co , which is in the process of being bought by Germany’s Bayer AG , reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales.

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Boeing expands CFO Greg Smith’s role

/  28.06.2017  /  Business 

(Reuters) – Boeing Co said on Wednesday its Chief Financial Officer Greg Smith will take on additional roles, ahead of the planned retirement of some of its key executives later this year.

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Meat processor reaches deal with ABC in ‘pink slime’ defamation case

/  28.06.2017  /  Business 

(Reuters) – South Dakota meat processor Beef Products Inc has settled its defamation and libel suit against American Broadcasting Company and its reporter Jim Avila, BPI said in a statement on Wednesday.

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Meal-kit maker Blue Apron slashes valuation expectations by a third

/  28.06.2017  /  Business 

(Reuters) – Online meal-kit company Blue Apron Holdings slashed its valuation expectations by a third amid growing concerns about the potential impact from Amazon.com’s deal to buy Whole Foods .

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Despite weak oil prices, OPEC still pockets more dollars

/  28.06.2017  /  Business 

LONDON (Reuters) – With world oil inventories swelling despite a global pact on cutting output and crude prices falling by a fifth in the past month, OPEC appears to be losing its battle to balance the market.

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