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Exclusive: Intel Ceo Shakes Up Units, Creates 'new Devices' Group
Published: Tuesday May 21st 1PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: SAN FRANCISCO Reuters - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top chipmaker's lead in mobile and semiconductor innovation. read more »
Denso Executives To Plead Guilty To Price Fixing In Toyota Case
Published: Tuesday May 21st 1PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: WASHINGTON Reuters - Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. read more »
Senate Panel Peels Back Apple's Offshore Taxes
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: WASHINGTON Reuters - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers kept billions of dollars in profits in Irish subsidiaries to avoid U.S. taxes. read more »
Ireland Rejects Blame For Apple's Low Tax Rate
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: CORK/DUBLIN Reuters - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. read more »
Sprint Raises Clearwire Offer, Not Enough For Some
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to 3.40 per share, but the new bid was not high enough to impress some investors. read more »
Wall Street Advances As Home Depot, Jpmorgan Buoy Dow
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: NEW YORK Reuters - Stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke. read more »
Dimon Keeps Jpmorgan Chairman Title After Bruising Battle
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: TAMPA, Florida Reuters - Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman title by an even greater margin than last year. read more »
Best Buy Sees Investments Squeezing Near-term Profits
Published: Tuesday May 21st 12PM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - Best Buy Co Inc reported lackluster sales in the first quarter and warned that efforts to entice shoppers could squeeze profits in the near term. read more »
Exclusive: Glencore's Top Aluminum Exec To Leave, First Exit Since Takeover-sources
Published: Tuesday May 21st 11AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: NEW YORK Reuters - Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month. read more »
Sac's Martoma Says U.s. Impedes Defense In Fraud Case
Published: Tuesday May 21st 11AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only "vague" details. read more »
Jpmorgan's Dimon To Remain Chairman After Vote: Reports
Published: Tuesday May 21st 11AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: TAMPA, Florida Reuters - JPMorgan Chase & Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of the largest U.S. bank, according to reports on Tuesday. read more »
Embraer Books 'milestone' Skywest Deal Worth Up To 8.3 Billion
Published: Tuesday May 21st 10AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: SAO PAULO Reuters - SkyWest Inc , the world's largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA , in a deal that could climb to 200 aircraft and a total price tag of more than 8 billion. read more »
Two Denso Corp Executives To Plead Guilty To Price Fixing: U.s.
Published: Tuesday May 21st 10AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: WASHINGTON Reuters - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. read more »
Exclusive: Eu Wants To Exclude Utilities From U.s. Trade Talks
Published: Tuesday May 21st 10AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: BRUSSELS Reuters - The European Union wants to exclude much of the utility sector from a prospective EU-U.S. free trade agreement in order to protect government controlled infrastructure, the latest draft of the EU's mandate for the negotiations showed on Tuesday. read more »
Housing Recovery Boosts Home Depot Results; Outlook Raised
Published: Tuesday May 21st 10AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year on Tuesday as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market. read more »
Shell Says Hunt For New Ceo Is Underway
Published: Tuesday May 21st 9AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: THE HAGUE Reuters - The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder meeting. read more »
Autozone Profit Beats As Long Winter Leads To More Repairs
Published: Tuesday May 21st 9AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - AutoZone Inc , the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as U.S. customers undertook car repairs after a prolonged winter. read more »
Dollar Firms Before Bernanke, Inflation Dip Hits Sterling
Published: Tuesday May 21st 8AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: LONDON Reuters - The dollar firmed, gold fell and shares slipped off five-year highs on Tuesday as investors postioned for an update on the future of the U.S. Federal Reserve's stimulus programme. read more »
Vodafone Keeps Verizon Payout To Make Up For European Slump
Published: Tuesday May 21st 8AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: LONDON Reuters - Vodafone will reinvest a 3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure. read more »
U.s. Asks Judge To Deny S&p's Motion To Dismiss Fraud Lawsuit
Published: Tuesday May 21st 6AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". read more »
It Firm Igate Sacks Ceo Over Undisclosed Relationship
Published: Tuesday May 21st 6AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: MUMBAI/BANGALORE Reuters - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. read more »
Credit Suisse Replaces Morgan Stanley As No. 2 Asia Prime Broker
Published: Tuesday May 21st 3AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: HONG KONG Reuters - The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's 148 billion hedge funds industry, a survey showed. read more »
Yahoo Buying Tumblr For 1.1 Billion, Vows Not To Screw It Up
Published: Tuesday May 21st 1AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: SAN FRANCISCO/NEW YORK Reuters - Yahoo Inc will buy blogging service Tumblr for 1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. read more »
U.s. Asks Judge To Deny S&p's Motion To Dismiss Fraud Lawsuit
Published: Tuesday May 21st 12AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: Reuters - The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". read more »
Goldman Exits China's Icbc, Seven Years And Billions Later
Published: Tuesday May 21st 12AM
Link: http://reuters.us.feedsportal.com/...S0GfeedName0FbusinessNews/story01.htm
Description: HONG KONG Reuters - Goldman Sachs Group Inc raised 1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. read more »