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Toys 'R' Us is making a comeback, and opened its first brick and mortar store today in New Jersey since shuttering. Yahoo Finance's Kristin Myers, Heidi Chung, Scott Gamm, and Brian Sozzi discuss....
Deutsche Telekom is examining a possible tie-up with French peer Orange, German business daily Handelsblatt reported on Wednesday, citing managers close to the matter. A spokesman for Orange said "there are no ideas or discussions going on" regarding such an initiative. Deutsche Telekom declined to comment....
Lone Star has entered exclusive negotiations to buy BASF's construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private equity firm vied with a consortium comprising buyout groups Cinven - which owns peer Chryso - and Bain for the world's largest maker of chemical additives for concrete, they said. A BASF spokesman confirmed that the company had proceeded to talk with only one bidder but declined to comment further....
The fuselage of Boeing Co's upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, the Seattle Times reported on Wednesday. Boeing suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. The Seattle Times said photos it had obtained of the test on 777X showed that the extent of the damage was greater than previously disclosed and earlier reports were wrong about crucial details....
Sometimes the art of sailing can give an investor a great lesson in trying to reach your investment goals. Continue reading......
Consumer-branded food and meat products company Hormel Foods Corp (NYSE: HRL ) reported fourth-quarter results Tuesday that were highlighted by an earnings beat, but BMO Capital Markets is sticking to ......
(Bloomberg) -- A spat between an Australian property manager and a Singapore rival that’s become its biggest investor is set to intensify when shareholders meet in Brisbane on Thursday.Australia’s Cromwell Property Group will adjust the makeup of its board at the annual general meeting, and it’s urging shareholders to vote against the election of Gary Weiss, who is backed by Singapore’s ARA Asset Management Ltd.The nomination comes as ARA pursues a campaign to change Cromwell’s business strategy and boost the stock’s value. Cromwell argues that ARA is trying to exert control without paying for the privilege, and with a future listing in mind.Cromwell says Weiss is conflicted because he sits on the boards of companies including Straits Trading Co., which holds shares in ARA. For its part, ARA says Weiss isn’t involved in any commercial transactions or management that would result in conflicts.Read about an advisory firm’s objections to ARA’s board...
