Frontrunning: October 11

  • Republicans to Trump and Corker: Please just stop (Politico)
  • Trump Wants to Weaken Nafta’s Influence, Power (WSJ)
  • Spain Warns Catalonia With Threat of Direct Control From Madrid (BBG)
  • U.S. warship sails near islands Beijing claims in South China Sea (Reuters)
  • U.S. flies bombers over Korean peninsula (Reuters)
  • New timeline in Vegas shooting raises questions on police response (Reuters)
  • More Women Accuse Harvey Weinstein of Harassment (WSJ)
  • Global Regulators Play Bitcoin Whack-a-Mole as Demand Explodes (BBG)
  • Uber Faces at Least Two More U.S. Criminal Probes (BBG)
  • What to Watch for as Wall Street Reports Third-Quarter Results (BBG)
  • Cohen Eyes High Fee Structure in Hedge Fund Relaunch (BBG)
  • Harvey Weinstein’s Wife Announces She Will Leave Him After Sex Abuse Claims (BBG)
  • Goldman creates ‘brain trust’ in effort to boost deals business (Reuters)
  • It’s Only Going to Get Worse for America’s Grocers (BBG)
  • Black model who appeared in Dove ad says it was not racist (Reuters)
  • Trump to Tout $4,000 Worker Benefit in Tax Sales Pitch (BBG)
  • Family Ties, Leaks and a Wedding: Inside the Political Scandal Rocking South Africa (WSJ)
  • U.S. congressional panels spar over ‘Trump dossier’ on Russia contacts (Reuters)
  • Israeli spies found Russians using Kaspersky software for hacks (Reuters)
  • How Tyson’s Chicken Plant Became a $320 Million Turkey (BBG)
  • Alibaba launches $15 billion overseas R&D drive (Reuters)
  • Nuclear Anxiety Hasn’t Stopped This Fund From Investing $500 Million in South Korea (BBG)

Bulletin headline summary

WSJ

– Activist investor Nelson Peltz narrowly lost his bid to win a board seat at Procter & Gamble, but his campaign isn’t going away, promising to keep pressure on P&G to change. on.wsj.com/2y9j0Fq

– Driver’s license data for around 10.9 million Americans was compromised during the breach of Equifax’s systems, according to people familiar with the matter. on.wsj.com/2y7NLdQ

– Fire officials issued grim tallies as more than a dozen wildfires tore through Northern California: at least 17 people dead and more than 100 missing. on.wsj.com/2y9jDPi

– A Turkish court sentenced Wall Street Journal reporter Ayla Albayrak to two years and one month in prison Tuesday, declaring her guilty of engaging in terrorist propaganda in support of a banned Kurdish separatist organization through one of her Journal articles. on.wsj.com/2y9M67O

– Wal-Mart Stores will deepen its cost-cutting and introduce zero-based budgeting in some units, efforts to free up funds for new e-commerce and store improvements in an increasingly competitive retail environment. on.wsj.com/2yah9Ap

– A systems error during a technology test Tuesday inadvertently published scores of erroneous test headlines and articles on Dow Jones Newswires. on.wsj.com/2y94rSq

 

FT

– 6,500 Home Office staff currently working on immigration will not be able to cope with the challenges posed by Brexit of registering the 3.6 million EU citizens living in UK, two former senior immigration officials have told MPs.

– James Harding, BBC’s head of news, will step down at the end of the year to start his own news media venture. In an address to the BBC staff, Harding said that he was considering starting his new venture over the summer.

– UK’s National Audit Office has accused Nuclear Decommissioning Authority of mishandling a 6.2 billion pound ($8.19 billion) contract, one of the largest awarded by the UK government.

– Agriculture and Horticulture Development Board have predicted average UK farm income to fall to 15,000 pounds per year from 38,000 pounds unless UK strikes a free-trade agreement with the European Union.

 

NYT

– Apple Inc is digging into the more than $1 billion it has set aside for original programming to create its first known television project: a revival of a Steven Spielberg series from the 1980s. nyti.ms/2gurOMc

– After a failed effort to find a solution to save the company, Sears Canada Inc said on Tuesday that it would shut down operations, leaving about 12,000 employees out of work. nyti.ms/2gvhCTJ

– American technology and manufacturing company Honeywell International Inc said on Tuesday that it planned to spin off parts of its business but would retain its aerospace technology operations, against the recommendations of an activist investor. nyti.ms/2guqOYh

– Pharmaceutical giant Pfizer Inc said it had begun a strategic review of its consumer health care unit that could result in the business, whose products include Advil, Centrum supplements and ChapStick, being spun off or sold. nyti.ms/2i2QDT1

 

Canada

THE GLOBE AND MAIL

** Sears Canada Inc said it plans to liquidate its remaining 131 stores and put 12,000 employees out of work, after an attempt by its executive chairman to save the department store retailer failed. tgam.ca/2guGsTs

** Canadian auto-parts giant Magna International Inc has joined a consortium led by BMW AG that is developing a self-driving vehicle platform that can be used by multiple auto makers. tgam.ca/2gujPPa

NATIONAL POST

** Starlight Investments, one of the largest privately held apartment landlords in Canada, is creating a $1.3 billion partnership with two of the largest pension funds in the country to look for multi-family assets in south United States, a region largely free of rent control. bit.ly/2guMZ0j

** Sabrina Geremia is taking over as director of Google’s Canadian Operations, the company said Tuesday, after filling in as interim leader since Sam Sebastian left for Pelmorex Media Inc in July. bit.ly/2guaYwQ

 

Britain

The Times

Royal Bank of Scotland Plc’s 425 million pound ($561.43 million) “challenger” fund’s grant policy has come under attack from new lenders and politicians because one of its chief beneficiaries could be Banco Santander SA. bit.ly/2fZVzUb

Britain will miss out on the best global economic conditions since 2011 as the post-Brexit outlook holds the country back next year, the International Monetary Fund has warned. bit.ly/2kF7NXy

The Guardian

Network Rail is set to be granted an enhanced budget, likely to be more than 40 billion STG, to run Britain’s railway. bit.ly/2yaEpf3

Workers from Bombardier Inc’s Belfast plant on Wednesday will unfurl a banner outside the Houses of Parliament in London demanding that Theresa May and her ministers do more to safeguard their jobs. bit.ly/2i2Zd4d

The Telegraph

Equifax Inc on Tuesday said it is contacting nearly 700,000 customers in the UK to alert them that their data had been stolen in the attack. The company had earlier estimated that the number of people affected in the UK was “fewer than 400,000.” bit.ly/2yXIaU3

Convenience chain Nisa has recommended its 1,190 shopkeeper members to agree to a 143 million STG takeover from The Co-operative Group after four months of stop-start talks. bit.ly/2wLMkxP

Sky News

The asset management firm Old Mutual Global Investors is in talks to take a stake in payments app TransferWise. bit.ly/2yXzjlo

Unilever Plc is shifting approximately 140 UK-based jobs to the Netherlands as part of a plan to create a new global headquarters for brands such as PG Tips and Magnum ice cream. bit.ly/2ybULnP

The Independent

Lord Myners, the former City minister and now Labour peer, has called for an inquiry to be held into Monarch Airlines as the after shocks from the airline’s collapse continue. ind.pn/2yE3sdx

The Office for Budget Responsibility of UK on Tuesday said it anticipates significantly reducing the assumption for potential productivity growth over the next five years. ind.pn/2yEQEUk

via http://ift.tt/2ybi94y Tyler Durden

Leave a Reply

Your email address will not be published.