Oct 13 Reuters BlackRock handily beat thirdquarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world39;s largest asset manager down 1 in premarket trade. A rise in investment advisory fees and BlackRock39;s assets under management AUM helped the company39;s adjusted profit of 10.91 per share breeze past analysts39; […]

Oct 13 Reuters Shares of Dollar General jumped nearly 8 on Friday, as investors drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away from weakening traffic and margin pressure. The dollar store chain on Thursday said Vasos will take charge effective immediately, replacing Jeff Owen less than […]

Oct 13 Reuters Britain39;s antitrust regulator on Friday cleared Microsoft39;s acquisition of Call of Duty maker Activision Blizzard after the restructured deal substantially addressed its earlier concerns. Activision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the sale were enforceable by the […]

SYDNEY, Oct 13 Reuters Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas LNG facilities in Australia made progress on Friday, but fell short of sealing an agreement to end months of labour disputes at the major export sites. Chevron and the unions held a third day […]

MILAN, Oct 13 Reuters U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia39;s TIM landline grid by a deadline on Sunday as part of a governmentbacked plan to reshape the former phone monopoly, people familiar with the matter said. A deal with KKR is the centrepiece of TIM CEO Pietro Labriola39;s strategy […]

HONG KONG, Oct 13 Reuters The founding family of Country Garden recently loaned the embattled Chinese property developer 300 million interest free, and the family was also trying to sell its private jet, a Chinese online news outlet, The Paper, reported on Friday. Citing insiders, The Paper said the family was seeking to support liquidity for […]