China, U.S. start latest trade talks after ‘nice’ working dinner

China, U.S. start latest trade talks after ‘nice’ working dinner
BEIJING (Reuters) – China and the United States began their latest talks in Beijing on Wednesday aimed at ending a bitter trade war, after U.S. Treasury Secretary Steven Mnuchin said he had a “nice” working dinner the night before with China Vice Premier Liu He. Chinese Vice Premier Liu He, right, poses with U.S. Treasury Secretary Steven Mnuchin, center, and... Read More

Wynn Resorts keeps Massachusetts gaming license with $35 million fine

Wynn Resorts keeps Massachusetts gaming license with $35 million fine
(Reuters) – Massachusetts gaming regulators on Tuesday fined Wynn Resorts Ltd $35 million for not disclosing sexual misconduct allegations against founder and former CEO Steve Wynn but allowed the casino operator to keep the license for its new $2.6 billion casino near Boston due to open in June. FILE PHOTO: Construction continues on the new Wynn Resort and Casino, as... Read More

Allergan to prevail in vote over CEO Saunders’ chairman role: sources

Allergan to prevail in vote over CEO Saunders’ chairman role: sources
(Reuters) – Allergan Plc is on course to defeat a shareholder resolution tabled by David Tepper’s hedge fund Appaloosa LP that would have forced the drugmaker’s CEO Brent Saunders to immediately give up his role as chairman, people familiar with the matter said on Tuesday. FILE PHOTO: The Allergan logo is seen in this photo illustration November 23, 2015. REUTERS/Thomas... Read More

Hedge fund Voce urges Argo to slash expenses, nominates five directors

Hedge fund Voce urges Argo to slash expenses, nominates five directors
BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive. Voce Capital Management LLC wants Argo shareholders to back its plan to double return on equity at the company’s annual meeting next... Read More

Buffett’s Berkshire helps bankroll Occidental’s $38 billion bid for Anadarko

Buffett’s Berkshire helps bankroll Occidental’s $38 billion bid for Anadarko
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. Specialist trader Don Himpele Jr. works at the post that trades Anadarko Petroleum and Occidental Petroleum on the floor at the New York Stock Exchange (NYSE)... Read More