Reuters Business Today: May 10, 2017

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Wednesday, May 10, 2017

EpiPen maker Mylan's profit edges past estimates

(Reuters) - Generic drug maker Mylan NV reported first-quarter profit just above expectations, helped by demand for products it gained through the acquisition of Swedish drugmaker Meda, even as sales of its controversial EpiPen allergy shot declined.

U.S. burger chain Wendy's quarterly profit, sales beat estimates

(Reuters) - Wendy's Co reported higher-than-expected quarterly same-restaurant sales and profit, driven by the popularity of its value meals such as "4 for $4" and lower costs.

U.S. broadcaster Tribune posts surprise quarterly loss

(Reuters) - U.S. broadcaster Tribune Media Co , reported a quarterly loss on Wednesday, compared with a profit a year earlier, hurt in part by lower ad revenue from its TV and entertainment business and as it took an impairment charge.

Amazon trounces rivals in battle of the shopping 'bots'

SAN FRANCISCO (Reuters) - Earlier this year, engineers at Wal-Mart Stores Inc who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working.

U.S. import prices increase for fifth straight month

WASHINGTON (Reuters) - U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation.

Europe shares steady; dollar down on Comey sacking

LONDON (Reuters) - European shares held at 21-month highs on Wednesday, while the dollar fell on concerns that U.S. President Donald Trump's dismissal of his FBI chief could make passage of his tax reform plans more difficult.

ChemChina gets around 82 percent of Syngenta in $43 billion deal

ZURICH (Reuters) - ChemChina [CNCC.UL] has won around 82 percent support from Syngenta shareholders for its $43 billion takeover of the Swiss pesticides and seeds group, China's biggest foreign acquisition to date, the two companies said on Wednesday.

EBRD rejects Russian challenge on lending freeze

NICOSIA (Reuters) - The European Bank for Reconstruction and Development on Wednesday rejected a Russian complaint about the bank's investment freeze, prompting criticism from Moscow that the development bank was a 'tool' of Western foreign policy.

Barclays boss Staley faces shareholder fury over whistleblower

LONDON (Reuters) - Barclays Chief Executive Jes Staley apologized to shareholders on Wednesday for his attempts to unmask a whistleblower, but faced calls from individual shareholders to resign over his conduct.

SAP chairman defends executive pay system

MANNHEIM, Germany (Reuters) - SAP said on Wednesday its executive pay system was reasonable, defending management bonuses against the criticism of some shareholders.

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