NEW YORK (Reuters) – Several prominent investors raised their stakes in General Electric Co (GE.N) in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday. D.E. Shaw & Co LP, Viking Global Investors LP and Canyon Capital Advisors LLC each reported larger holdings […]

Waterloo Apartments has been sold through a collective sale for $131.1 million to a wholly owned subsidiary of Fragrance Group. The subsidiary intends to redevelop the 999-year leasehold property, which has a land area of about 14,369 square feet, into a hotel. The property is at 64 Waterloo Street in the Bras Basah-Bugis area. Outline […]

WASHINGTON (Reuters) – Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s antitrust panel, said on Wednesday that Facebook (FB.O) cannot be trusted to regulate itself and Congress should take action. Cicilline, citing a report in the New York Times on Facebook’s conduct, said on Twitter: “This staggering report […]

Britain and the European Union have agreed a draft Brexit text, including a solution to the so-called backstop to prevent a return to a hard border between Northern Ireland and Ireland. The draft deal says any such backstop arrangement, which would see Britain and the EU establishing a single customs territory, would be temporary and […]

(Reuters) – U.S. stocks turned lower on Wednesday as Apple Inc (AAPL.O) led a decline in technology stocks, offsetting early support from tame U.S. consumer prices data and a rebound in oil prices. The iPhone maker’s shares fell 2 percent, extending its losses for the fifth straight day. A raft of profit warnings from Apple’s […]

Accounts published by the Irish Farmers Association show the organisation’s finances continue to be in the red since a high profile pay scandal rocked the organisation in 2015. The organisation’s finances further hit in 2018 following a €1.4m legal settlement with its former General Secretary Pat Smith. The IFA Accounts to the year ended March […]

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ American corporations want to kick their reliance on big pharmaceutical companies. Walmart and Home Depot are among the many companies that are fighting back against drugmaker programs that cut patients’ expenses while leaving employers paying […]

PITTSBURGH — In a technology lab full of graduate students huddled over laptops, Prof. Marios Savvides flipped through photos on a computer screen searching for one full of people whose faces were barely recognizable to the human eye. “How about a riot?” Professor Savvides asked. He had just come upon an image of police officers […]

(Reuters) – A group of three law firms representing multiple victims of California’s deadliest wildfire has filed a lawsuit against PG&E Corp (PCG.N) alleging negligence and health and safety code violations by the utility company in the blaze that has killed at least 48 people. The lawsuit seeking damages against California’s largest public utility was […]

MILAN (Reuters) – Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal. European shares hit a two-week low after data showed the German economy contracted for […]