Hamburger chain Wendy's Co (WEN.O) will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program.
United States
Wal-Mart resists investor pressure on independent chairman
Even as Wal-Mart Stores Inc showed unusual openness to outsiders' complaints by taking steps including raising wages, it has been trying to slam the door on a shareholder proposal that could weaken the founding Walton family's power over its board.
Wall St. drops ahead of jobs report; Greece worries linger
U.S. stocks fell on Thursday, hit by nervousness ahead of Friday's jobs report and lingering uncertainty over a Greece aid deal with creditors.
Ghosn says Renault-Nissan can compete without new partners
French automaker Renault SA and its Japanese partner Nissan Motor Co continue to increase savings through synergies and can meet longer-term goals without expanding its current alliances, Chief Executive Carlos Ghosn told Reuters on Wednesday.
Mutual funds chase head start on hit IPOs with pre-public investing
U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.
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Oil fell nearly 3 percent on Wednesday as traders and investors ignored a fifth straight weekly decline in U.S. crude stockpiles to focus instead on a big build in distillates, including diesel, as the peak season for U.S. road travel gets under way.
U.S. stocks rose on Wednesday, helped by optimism that Greece was close to an agreement to avoid default and as further gains in bond yields lifted financials.
AstraZeneca Plc (AZN.L) (AZN.N) would consider acquiring a developer of a new type of cancer therapy aimed at supercharging the body's immune response, Bloomberg quoted Chief Executive Pascal Soriot as saying on Tuesday.
It may be impossible for the Federal Reserve to raise interest rates until the rest of the world economy improves, Fed board member Lael Brainard said on Tuesday, in the most direct acknowledgement yet of how weak global markets could handcuff the U.S. central bank.
U.S. stocks eased on Tuesday as a jump in bond yields hit utilities and other top dividend payers, but energy gains and optimism Greece is near a deal with creditors limited losses.
Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity.
Takata Corp (7312.T) said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators.
Google Inc said 21 percent of tech hires last year were women, boosting overall number of women in technical roles by 1 percent, as part of efforts to increase diversity.
U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.
