Softbank to sell $7.9 billion of Alibaba shares
(Reuters) - Softbank Group Corp said it will sell at least $7.9 billion of shares in Chinese ecommerce giant Alibaba Group Holding Ltd as it looks to raise capital.
Boeing wins $3.2 billion U.S. defense contract: Pentagon
WASHINGTON (Reuters) - Boeing Co was awarded a $3.2 billion contract modification to a previously awarded contract for Joint Direct Attack Munition (JDAM) tailkits, the Pentagon said on Tuesday.
Goldman’s Cohn defends bank’s trading business amid revenue slump
(Reuters) - Goldman Sachs Group Inc President and COO Gary Cohn defended the bank's trading business on Tuesday, as investors have questioned the units' slumping revenue.
EU cautions governments against banning Uber, Airbnb
BRUSSELS/LONDON (Reuters) - European Union governments should not ban services like home-rental site Airbnb or ride-hailing app Uber except as a last resort, the EU says in new guidelines, seeking to rein in a crackdown on the "sharing economy".
U.S. consumer spending increase strongest in over six years
WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon.
Airbus sales chief not worried by Boeing super-sizing 737
HAMBURG (Reuters) - Airbus sales chief John Leahy said on Tuesday he was not worried about Boeing adopting a larger engine for its 737 MAX 9 jet, dubbing it "Mad MAX" because of the technical challenges it would face.
U.S. home prices rise more than expected in March
NEW YORK (Reuters) - Annualized U.S. single-family home prices rose more than expected in March, a survey showed on Tuesday.
Valeant’s former CEO may remain as consultant through 2017
NEW YORK (Reuters) - Michael Pearson, the former chief executive officer of Valeant Pharmaceuticals International , has signed a consulting agreement with the drugmaker that will run through 2017 and pay him hundreds of thousands of dollars, according to the separation agreement filed with regulators.
Court rules fair value of Dell buyout was $17.62 per share
WILMINGTON, Del (Reuters) - A Delaware judge ruled on Monday that the fair value of the 2013 buyout of computer maker Dell Inc [DI.UL] was $17.62 per share, entitling holdout stockholders to an added $3.87 per share over the original price of deal.
Wall St. opens higher on strong spending data
(Reuters) - U.S. stocks opened slightly higher on Tuesday after strong consumer spending data gave the latest sign of an improvement in economic growth and supported the Federal Reserve's stance to increase interest rates in the coming months.