Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together the two biggest US operators with a combined market capitalisation of $56bn.
Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
The discount retailer Family Dollar, under pressure from the activist investor Carl C. Icahn to sell itself, said its profit fell by a third as competition intensified and the company cleared inventory ahead of planned store closings.
Remember Amazon's plans to start delivering packages via drone by next year? Well, they took a big hit last month when the Federal Aviation Administration expressely forbade the practice.
... * Q1 net profit at 28.86 bln rupees vs 26.72 bln estimates. * Annualised staff attrition rate rise to record 19.5 percent. * To invest more in new technology areas including cloud, mobility.