Wednesday, 12 June 2019

Daily Investor Update: Philip Green's Arcadia avoids collapse as creditors back deal

Reuters.com Newsletter

Philip Green's Arcadia avoids collapse as creditors back deal

Philip Green's Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan.

Democratic commissioner questions FCC review of Sprint T-Mobile merger

The senior Democrat on the Federal Communications Commission on Wednesday criticized the FCC's review of the proposed $26.5 billion tie-up of Sprint Corp and T-Mobile US Inc, saying Republican commissioners moved toward approving the merger without adequate economic and legal analysis.

U.S. pet doctors steel themselves for online pharmacy challenge

A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians against online giants moving into this lucrative corner of the growing market for animal supplies.

Wall St. eases; banks fall with prospect of rate cut, energy drops

Wall Street eased on Wednesday, with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices.

Oil tumbles on demand worries; stocks hit by trade and economic fears

Oil futures sank 4% on Wednesday amid higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks.

Zell, other former Tribune executives reach $200 million settlement over LBO

Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company's disastrous 2007 leveraged buyout.

Trump says he is sure Hong Kong and China 'will be able to work it out'

U.S. President Donald Trump said on Wednesday he was sure China and Hong Kong would be able to "work things out" after mass protests in the city against an extradition bill that would allow people to be sent to mainland China for trial.

Hong Kong police fire rubber bullets as extradition bill protests turn to chaos

Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles on Wednesday as protests against an extradition bill that would allow people to be sent to mainland China for trial descended into violent chaos.

Comcast to double spending at Sky on European original programs

Comcast Corp will more than double its investment in European original programming and start an in-house studio at its European unit Sky after Sky's success with the mini-series "Chernobyl," the company said on Wednesday.

Exclusive: Renault chairman weakened as Macron snubs meeting - sources

French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government's interference at the carmaker, sources told Reuters, raising questions over Senard's future.

Related Videos

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS