Tuesday 27 March 2018

Amazon targets French grocery market with Monoprix deal

Amazon targets French grocery market with Monoprix deal

U.S. e-commerce giant Amazon has made further inroads into food retail in France as Casino's upmarket Monoprix chain became the first local retailer to agree to sell groceries via Amazon.

Apple set to update iPad lineup at Chicago education event

Apple Inc on Tuesday was widely expected to announce a lower-priced iPad aimed at helping it grab more of the U.S. educational market.

Breakingviews - Mukesh Ambani's music deal could get a remix

Mukesh Ambani is playing a new tune. India's richest man, through his flagship conglomerate Reliance Industries, is merging two music-streaming services into one worth $1 billion. Reliance is following a well-trodden path of telecom operators dabbling in music, movies and other entertainment to attract subscribers. As his oil-to-retail giant starts to throw off cash, the tycoon could take his content ambitions to another level.

Your Money: Cost of a name change after divorce? Priceless

NEW YORK (Reuters) - I picked a good day to change my name after my divorce - late on a Friday afternoon recently when it was pelting sleet outside.

Goldman Sachs' stock-based pay ratio still much higher than rivals'

BOSTON (Reuters) - Goldman Sachs Group Inc pays employees a much bigger portion in stock than Wall Street rivals, a trend that has come into sharper focus as the bank overhauls its business strategy.

Cboe urges U.S. regulators to move forward with bitcoin ETFs

NEW YORK (Reuters) - U.S. securities regulators should not stand in the way of exchange-traded funds that hold cryptocurrencies like bitcoin from coming to the market as they are essentially the same as other ETFs that hold commodities, said exchange operator Cboe Global Markets.

Battered by Great Recession, underfunded public pensions to persist

CHICAGO (Reuters) - Ten years on from the financial crisis, many U.S. state and local public pension systems are still the worse for wear.

Hedge fund Glenview ups stake in Sharpie maker Newell Brands

BOSTON (Reuters) - Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and Elmer's Glue handed activist investor Carl Icahn board seats.

Bank of America pays $42 million fine in New York 'masking' probe

NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.

Funds ask Aviva to make clear preference shares are irredeemable

LONDON (Reuters) - Six large institutional investors said on Friday that Aviva's decision to drop plans to cancel its preference shares addressed most of their concerns, but added issuers of preference shares should make it clear they are irredeemable.

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