Connect to share and comment

GE Capital seen ripe for more slimming after credit card IPO

By Lewis Krauskopf (Reuters) - As General Electric Co <GE.N> starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further. Commercial real estate, which GE Capital expects to make up 10 percent to 15 percent of its portfolio in the future, stands as another major potential area for GE to abandon, analysts and investors said.

Moody's downgrades Turkey outlook to 'negative'

Moody's rating agency on Thursday downgraded its outlook on Turkey to "negative", putting the country's investment-grade rating at risk, saying political uncertainty was affecting investor confidence and casting doubt over further reforms. The agency re-affirmed the country's current bond rating of Baa3, just one step above a so-called 'junk' level, which is out of bounds for many pension and savings funds seeking safer investments.

Aging baby boomers, generic launches to drive Rite Aid sales

By Shailaja Sharma (Reuters) - Rite Aid Corp <RAD.N>, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs. Rite Aid's shares jumped as much as 15.5 percent to their highest in 13 years after the company also reported a higher-than-expected quarterly profit, helped by a 3.5 percent rise in pharmacy sales.

Varian wins partial victory in radiation device patent case

WASHINGTON (Reuters) - Medical device company Varian Medical Systems Inc won a partial victory in a patent fight with the University of Pittsburgh on Thursday, when an appeals court disagreed with a lower court's multimillion-dollar damages award. A U.S. district court in Pennsylvania had found Varian infringed a patent owned by the university.

Rite Aid tops fourth-quarter expectations, logs 6th straight profit and prepares for growth

Rite Aid has left the recovery ward and appears ready to break into a sprint after booking its sixth straight quarterly profit and making a deal to strengthen the drugstore chain's foothold in the burgeoning health clinic market. Shares that had slumped below $1 by late 2012 soared above $7 Thursday morning after the retailer topped Wall Street expectations for the fourth quarter.

More funds sought for Bangladesh factory collapse victims

BERLIN (Reuters) - Campaigners launched a new effort on Thursday to push Western brands to pay into a compensation fund for victims of the collapse of a Bangladeshi factory almost a year ago that killed more than 1,100 people. Global trade unions IndustriALL and UNI and labor rights network Clean Clothes Campaign said in a joint statement that a fund set up for the over 2,000 people injured and the families of the dead had raised only a third of its target of $40 million to date.

Spain's Telefonica to roll out new LTE network in Mexico

Mexico City, Apr 9 (EFE).- The Mexican unit of Spain's Telefonica plans to roll out a new 4G LTE mobile-broadband network in Mexico that by 2015 will span 300 cities nationwide, covering 70 percent of the population, the company said in a statement. Telefonica Public Affairs and Regulation Director Carlos Lopez Blanco said Mexico's recent moves to open up its telecommunications sector will generate greater investment and more competition.

Spain's Telefonica to roll out new LTE network in Mexico

Mexico City, Apr 9 (EFE).- The Mexican unit of Spain's Telefonica plans to roll out a new 4G LTE mobile-broadband network in Mexico that by 2015 will span 300 cities nationwide, covering 70 percent of the population, the company said in a statement. Telefonica Public Affairs and Regulation Director Carlos Lopez Blanco said Mexico's recent moves to open up its telecommunications sector will generate greater investment and more competition.

Target partners with 17 of the leading natural, organic brands to develop exclusive collection

NEW YORK, N.Y. - Target is upping the game on organic and sustainable products. The nation's second-largest discounter has hand-selected 17 of the leading natural, organic and sustainable brands that already sell to its stores and has challenged them to come up with new products or new twists. As a result, an exclusive collection of more than 120 items like non-aerosol air freshener and bleach-free baby diapers have been hitting shelves since last month.

Mexico TV mogul Salinas says telecoms watchdog does not go far enough

By Gabriel Stargardter MEXICO CITY (Reuters) - Ricardo Salinas, the billionaire owner of Mexico's TV Azteca, said on Monday that the new telecommunications regulator, created by a phone and TV industry overhaul, does not have sufficient power to effectively police companies it deems too powerful.
Syndicate content