WASHINGTON (Reuters) – U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out. The frame of a …
See Original Article

Edgwell Personal Care’s (EPC) – Get Report pending acquisition of rival Harry’s Inc. hit a snag Monday after the Federal Trade Commission filed a lawsuit to block the proposed $1.37 billion deal. The regulatory agency’s complaint alleged that the combination …
See Original Article

(New throughout, adds comments, updates prices) * Dollar rebounds from two-week low * China coronavirus death toll rises * Gold specs cut bullish positions in week to Jan. 28 – CFTC By Brijesh Patel Feb 3 (Reuters) – Gold fell 1% on Monday as the dollar …
See Original Article

Hulu CEO Randy Freer is stepping down from his role as part of a major restructuring of Disney’s direct-to-consumer business, the company announced on Friday. Disney had acquired control of Hulu last year following its acquisition of 21st Century Fox and …
See Original Article

Bernie Ebbers was caught up in an era of financial scandals that epitomized the greed and hubris of corporate America and landed several of the world’s top CEOs in prison. The 78-year-old former boss of WorldCom, who played a role in one of the largest …
See Original Article