U.S. existing home sales drop as prices hit record high
WASHINGTON (Reuters) - U.S. home resales fell more than expected in June as a dearth of properties lifted house prices to a record high.
Wall Street opens flat as tech earnings awaited
(Reuters) - U.S. stock indexes opened little changed on Monday, ahead of Google parent Alphabet's earnings report and a two-day Federal Reserve meeting, which kicks off on Tuesday.
Exclusive: Spotify, Warner hope to clinch royalty deal by September - sources
LONDON (Reuters) - Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said.
U.S. venture capital's digital coin quandary: cash-rich startups
NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.
KKR to buy WebMD in $2.8 billion deal
(Reuters) - Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella.
North American strength helps Halliburton smash profit view
(Reuters) - Halliburton Co
swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.
Samsung takes aim at TSMC with plans to triple chip foundry market share
YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics <005930.KS> plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.
Democrats take aim at big companies in economic blueprint
WASHINGTON (Reuters) - U.S. Democrats are unveiling an economic platform on Monday that they call "A Better Deal" for working Americans by announcing plans to address unfair market competition, rising pharmaceutical costs and stagnant wages.
Rebuffed Elliott wants urgent Akzo response on new CEO
LONDON/AMSTERDAM (Reuters) - Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel
to respond urgently to its concerns about the nomination of a new chief executive.
VEON names former Xerox CEO Ursula Burns as chairwoman
FRANKFURT (Reuters) - VEON named former Xerox chief Ursula Burns as its chairwoman on Monday, as the telecoms operator undertakes corporate governance reforms and a makeover as a global online services company.