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Wednesday, November 15, 2017

Shareholders take aim at Murdochs with Fox voting rights push

NEW YORK (Reuters) - A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure may inflict a symbolic black eye on the media company's founder Rupert Murdoch and his family at its annual meeting on Wednesday.

Target's holiday-quarter profit forecast disappoints, shares dip

(Reuters) - Target Corp issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.

Biggest deal yet for Airbus as Franke ups bet on budget airlines

DUBAI (Reuters) - Airbus landed its biggest ever airliner deal on Wednesday with an agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.

U.S. investor Cerberus takes 3 percent stake in Deutsche Bank

FRANKFURT (Reuters) - Cerberus [CBS.UL] has taken a 3 percent stake in Deutsche Bank , Germany's flagship lender said on Wednesday, making the U.S. buyout fund the fourth-largest shareholder after China's HNA group, Qatar and money manager Blackrock .

Boeing in 175 plane deal with budget carrier flydubai

DUBAI (Reuters) - Boeing Co. reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committing the budget airline's fleet to the U.S. planemaker for another decade.

Global stocks set for longest run of losses since March, euro shines

LONDON (Reuters) - World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks.

Exclusive: Amazon scraps bundled video service - sources

NEW YORK/LOS ANGELES (Reuters) - Amazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters.

Israel prepares to send tax bills to Facebook, Google: report

JERUSALEM (Reuters) - Israel is planning to send tax bills within a year to internet companies Google and Facebook, financial newspaper TheMarker reported on Wednesday, joining efforts by several countries, including the European Union, to get the internet giants to pay more tax.

Qualcomm-NXP ruling may be in 2018: EU competition commissioner

BEIJING (Reuters) - A ruling on Qualcomm Inc's proposed $38 billion acquisition of NXP Semiconductors NV may come in 2018, European Commissioner for Competition Margrethe Vestager said on Wednesday.

Exclusive: Glencore offers Chad new plan to repay more than $1 billion loan

LONDON (Reuters) - Commodities trader Glencore has offered Chad a grace period from principle repayments on a more than $1 billion cash-for-crude loan and extended the deadline for full repayment to 2025 from 2022, a letter seen by Reuters showed.