BOSTON (Reuters) - Billionaire investor William Ackman said on Thursday he sold about 5 million shares in drug company Valeant International in order to generate a tax loss as investors in his Pershing Square Capital Management face the biggest loss in the company's history.
(Reuters) - The union representing Delta Air Lines Inc's pilots is seeking a wage hike of about 40 percent compounded over three years as the carrier's profits surge, Bloomberg reported, citing a memo from the Air Line Pilots Association.
(Reuters) - Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said.
(Reuters) - U.S. weapons maker Lockheed Martin Corp said on Thursday it would deliver a total of 78 C-130J Super Hercules aircraft to the U.S. government as part of a multiyear contract, worth $5.3 billion.
NEW YORK (Reuters) - Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years.
(Reuters) - American Airlines Group Inc said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013.
ZURICH (Reuters) - Swiss private bank Lombard Odier said it would pay $99.8 million under a non-prosecution agreement with U.S. authorities to settle an investigation into allegations it helped wealthy American clients evade taxes.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors.
FRANKFURT (Reuters) - Volkswagen's emissions test-cheating scandal could kill nascent markets for diesel cars in North America, Japan and China, the chief executive of automotive supplier Continental has told a German newspaper.
PARIS (Reuters) - Champagne sales are set for a record year, driven by solid demand from export markets, favorable currencies and stabilizing sales in France, the fizzy drink's home market.