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DuPont CEO Kullman: 'Crucial' to engage with all stakeholders

DuPont CEO Kullman: 'Crucial' to engage with all stakeholders

BOSTON: DuPont Chief Executive Ellen Kullman said it is critical to keep engaging with all stakeholders in the company, signaling an open door policy less than five months after fending off one of the year’s toughest shareholder challenges. “Isolation … is not an option,” Kullman said at the Council of Institutional Investors’ fall meeting in […]

September 30, 2015 | By | Reply More
Lockheed disputes Pentagon worries about larger defense contractors

Lockheed disputes Pentagon worries about larger defense contractors

WASHINGTON: Lockheed Martin Corp , the Pentagon’s largest supplier, on Wednesday said it disagreed with comments from the Defense Department warning that consolidation in the weapons industry could lead to higher costs and less innovation. “There is no evidence to support the view that larger defense companies reduce competition or inhibit innovation,” Lockheed spokesman Dan […]

September 30, 2015 | By | Reply More
US securities regulator expands use of powerful software: source

US securities regulator expands use of powerful software: source

NEW YORK: The U.S. Securities and Exchange Commission (SEC) is expanding an effort that allows its staff to search massive amounts of data for signs of insider trading and other securities violations, a person familiar with the matter said. The SEC is awarding a five-year, US$90 million contract to privately held Palantir Technologies to provide […]

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AB InBev faces delicate balance in structuring SABMiller bid

AB InBev faces delicate balance in structuring SABMiller bid

BRUSSELS/LONDON: A US$70 billion debt package being arranged to fund Anheuser-Busch InBev’s takeover of SABMiller still leaves the world’s largest brewer with a tricky balancing act in satisfying a range of shareholder camps with different needs. SABMiller’s two major shareholders face potential capital gains taxes, so may want to get paid in shares – which […]

September 30, 2015 | By | Reply More
Twitter likely to name Dorsey permanent CEO: Re/code

Twitter likely to name Dorsey permanent CEO: Re/code

SAN FRANCISCO: Twitter Inc co-founder and interim Chief Executive Jack Dorsey is expected to be named permanent CEO as early as Thursday, while keeping his job as the head of online payment service Square, technology news website Re/code reported, citing sources. The report was largely welcomed by investors, and Twitter’s stock rose briefly by as […]

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Wall Street ends up sharply; S&P posts worst quarter since 2011

Wall Street ends up sharply; S&P posts worst quarter since 2011

NEW YORK: U.S. stocks closed sharply higher on Wednesday as investors looked for bargains among beaten-down shares and the biotechnology index bounced back, but the market still registered its worst quarter since 2011. Based on the latest available data, the Dow Jones industrial average rose 234.7 points, or 1.46 percent, to 16,283.83, the S&P 500 […]

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US export bank's loss jeopardizes Boeing orders, airline says

US export bank's loss jeopardizes Boeing orders, airline says

WASHINGTON: South African airline Comair Ltd has told Boeing Co that the loss of U.S. Export-Import Bank financing could jeopardize a US$1.1 billion order it had placed for Boeing jetliners, leading the carrier to turn to Europe’s Airbus . Comair made the warning in a letter disclosed on Wednesday by Boeing, which has already lost […]

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Fed's Yellen does not comment on policy in brief remarks to bank group

Fed's Yellen does not comment on policy in brief remarks to bank group

St. Louis: Federal Reserve Chair Janet Yellen did not comment on the U.S. economy or monetary policy in brief welcoming remarks to a community banking symposium on Wednesday. It was Yellen’s first public appearance since a health scare last week in Massachusetts in which she stumbled over her words and struggled to complete a nearly […]

September 30, 2015 | By | Reply More
Carl Icahn says would 'keep cash' given market risks: CNBC

Carl Icahn says would 'keep cash' given market risks: CNBC

NEW YORK: Billionaire activist investor Carl Icahn said on Wednesday he would recommend investors hold cash given market risks and that he was “seriously considering” buying “a lot more” shares of Apple Inc. “I would say keep cash,” Icahn told cable television network CNBC. “You’re only making 1 percent on your cash – what’s better? […]

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Wall Street higher but market set for worst quarter since 2011

Wall Street higher but market set for worst quarter since 2011

REUTERS: U.S. stocks rose on Wednesday as investors picked up beaten-down stocks, but all three major indexes were on track for their worst quarter since 2011. For most of the third quarter, global markets were rocked by fears of slowing growth in China. Adding to the uncertainty, the U.S. Federal Reserve held off on raising […]

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