By Harry Brumpton April 30 (Reuters) – Proxy advisory firms Institutional Shareholder Services Inc (ISS) and Glass Lewis & Co have sided with German producer of building materials Gebr Knauf KG in its $5.9 billion bid for U.S.
Wall Street finished on a downbeat note on Monday, despite opening in the green after a profit beat at fast food giant McDonald's helped boost early sentiment, with investors spending the afternoon digesting a mixed bag of data.
Sterling finished the session only slightly weaker, despite early sharp selling on news of Home Secretary Amber Rudd's decision, at the weekend, to stand down from her post.
* Sainsbury’s pledge to cut prices could mean less profit * New company big in general merchandise, like Amazon * Amazon tiny in UK grocery but ambitions unclear By Martinne Geller LONDON, April 30 (Reuters) – Sainsbury’s $10 billion purchase of Walmart’s Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com.
LONDON, May 1 (Reuters) – Concentra Analytics, a British company whose software helps companies optimise their staff, has raised 41 million pounds ($56.4 million) in a funding round led by One Peak Partners and co-investors including Morgan Stanley.
(Adds Comcast, Viacom networks also creating content; details on ESPN shows; updates shares) By Lisa Richwine April 30 (Reuters) – Walt Disney Co will create live sports, news and entertainment programming specifically for Twitter Inc’s social network, a move to attract online viewers and advertising revenue through digital video.
(Adds comment from Zuckerberg, background) By David Ingram SAN FRANCISCO, April 30 (Reuters) – The co-founder of WhatsApp, a messaging service owned by Facebook Inc with more than 1 billion daily users, said on Monday he was leaving the company, in a loss of one of the strongest advocates for privacy inside Facebook.
(Adds background, Q2 outlook; updates share movement) By Sonam Rai April 30 (Reuters) – Akamai Technologies Inc topped analysts’ estimates for first-quarter revenue and profit on Monday as it reaped the benefits of an aggressive push to cloud security and its business of speeding up media content delivery stabilized.
(Adds IMF statement) ACCRA, April 30 (Reuters) – The International Monetary Fund’s board on Monday approved the next disbursement of about $191 million under Ghana’s aid program, while urging the West African country to take further steps to address its high debt.
* Andeavor assets include pipelines, logistics in Texas’s Permian * Marathon CEO Heminger to head combined firm * Andeavor shares surge 13 pct, Marathon down 8 pct * Company eyes boosting exports in Mexico (Adds data on global rankings, potential to spur other mergers) By John Benny April 30 (Reuters) – Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S.