Monday, May 2, 2016

Ackman defends Valeant, hints at more changes

BOSTON/NEW YORK (Reuters) - Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals , ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future.

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Clinton courts Appalachian voters to counter Trump on trade

WASHINGTON/CARMEL, Ind. (Reuters) - U.S. presidential candidate Hillary Clinton met with coal and steel workers in the Appalachian region on Monday in an effort to win over blue-collar voters in a part of the country with strong support for Republican Donald Trump.

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Puerto Rico government bank misses payment, talking with creditors

SAN JUAN/NEW YORK (Reuters) - Puerto Rico’s Government Development Bank said it reached a tentative debt restructuring framework with some of its major creditors, just hours after declaring it will skip making a $422 million bond payment due on Monday.

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Twitter lawsuit partly dismissed over U.S. information requests

SAN FRANCISCO (Reuters) - A U.S. judge on Monday partly dismissed a lawsuit filed by Twitter Inc in which the social media company argued it should be allowed to publicly disclose more details about requests for information it receives from the U.S. government.

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Baker Hughes to buy back stock, debt after Halliburton deal fails

(Reuters) - Baker Hughes Inc said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton Inc .

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Conservatives in Congress urge shutdown of tax-collecting IRS

WASHINGTON (Reuters) - It's a U.S. taxpayer's dream: make the Internal Revenue Service go away, and the largest conservative group in Congress is endorsing just that.

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Drones, Turkish artillery hit Islamic State in Syria, 34 dead: military

ANKARA (Reuters) - Shelling by Turkish artillery and drones which took off from southern Turkey struck Islamic State targets in Syria on Sunday, killing 34 militants, the Turkish military said.

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