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Euro, pound firmer after Brexit deal but broader concerns support dollar

The dollar weakened on Thursday against the pound and euro, which rose after Britain’s prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal …

PG&E rout may be hitting hedge funds after raised bets before fire

Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s tumbling share price after raising bets on the utility in the …

Proxy advisory firm ISS recommends for all Third Point nominees at Campbell

Shareholder advisory firm ISS on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point’s board nominees, giving a boost to the activist firm which …

Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime …

Several high-profile funds raised stakes in GE before selloff: filings

Several prominent investors raised their stakes in General Electric Co in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed …

General Electric pulls out of Nigeria rail concession

General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process …

Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services …

A matter of volume: threat from ascendant Chinese phones hangs over Apple

A raft of profit warnings from Apple Inc suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble …

U.S. lawmaker says Facebook cannot be trusted to regulate itself

Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook cannot be trusted to regulate itself and Congress …

Walmart's LatAm delivery app Cornershop eyeing Canada and U.S

Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the United States, an executive for …

Sports News

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Red Sox, Cora agree to contract extension

The Boston Red Sox and manager Alex Cora have agreed to terms on a contract that includes an extension that will run through 2021 with a club option for 2022, …