Oil Holds Steady Near 3-Month Highs on Supply Worries
Worries over possible disruptions to supply from the Middle East and a steep fall in U.S. oil inventories pushed prices higher.
Svenska Handelsbanken Prices EUR1 Billion 2.625% Bond Maturing 2022
Swedish lender Svenska Handelsbanken (SHB-B.SK) priced a 1 billion euro ($1.23 billion), 10-year bond, one of the banks running the deal said Thursday.
Correction to Facebook Shares Falling Story
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Rite Aid Launches New Feature to Upload Rewards to Loyalty Card
Rite Aid Corp. (RAD) next month will launch a new feature to the drug-store chain's loyalty card that will allow +UP rewards to be automatically loaded to the Wellness+ card, an upgrade the retailer touted after a seven-month pilot in four cities.
DOJ Approves Verizon Spectrum Deal with Conditions
The Justice Department approved Verizon's purchase of $3.9 billion of wireless airwaves from cable providers, but limited the scope and duration of commercial agreements among the companies.
Facebook Shares Fall on Heavy Volume as Lockup Expirations Begin
Facebook Inc. (FB) shares fell to a new low Thursday, on volume that doubled typical daily levels within the first hour of the session, as rules expired that had restricted some early investors from trimming their stakes.
Walgreen Aims to Court Customers With First-Ever Loyalty Card
Drugstore chain Walgreen Co. (WAG), one of the nation's largest retailers, is evoking a decades-old retail strategy with the September launch of the company's first ever loyalty card called Balanced Rewards.
Facebook Lockup Ends, Stock Continues its Freefall
Shares of Facebook tumbled another 6% and broke below $20 to fresh all-time lows amid the expiration of restrictions that had prevented early backers of the social network from jumping ship.
Pepsi's Gatorade Head Leaving Company
The head of PepsiCo Inc.'s (PEP) Gatorade business, Sarah Robb O'Hagan, is leaving the company, the latest executive movement in PepsiCo's Americas drink division, its largest business.
Best Buy Founder Seeks Due Diligence
Richard Schulze--the founder and former chairman of Best Buy Co. (BBY)--has ramped up his takeover attempt of the electronics retailer with a letter to the board requesting permission to form a group and conduct due diligence in order to present a fully financed offer for the company.