Category Archives: Business
Two smaller unions agree deals with Lockheed
(Reuters) – Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. Lockheed said about 70 members of the International Brotherhood of Electrical Workers (IBEW) on Friday ratified a new … Continue reading
Status update: Facebook’s Mark Zuckerberg gets married
(Reuters) – Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire’s wedding took place a day after Facebook’s historic initial public offering on the Nasdaq stock exchange on Friday. More than 200,000 people “liked” Zuckerberg’s status … Continue reading
Google says it has China’s approval for Motorola deal
(Reuters) – Google said on Saturday that Chinese authorities have approved its $ 12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset … Continue reading
Audi eyes management reshuffle: CEO in magazine
FRANKFURT (Reuters) – Volkswagen’s Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit’s head told a German magazine. “Against the backdrop of Audi’s ‘Strategy 2020′ it would be negligent not to think about the team line-up,” Audi Chief Executive Rupert Stadler … Continue reading
Google says it won China’s approval for Motorola deal
(Reuters) – Google said on Saturday that Chinese authorities have approved its $ 12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset … Continue reading
Galleon prosecutor aims to cement legacy in Gupta trial
NEW YORK (Reuters) – It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama. Brodsky, a federal prosecutor since 2004, seemed to catch defense … Continue reading
CFTC opens probe into JPMorgan trading loss: source
(Reuters) – The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank’s multi-billion-dollar trading loss, a source familiar with the probe told Reuters. The agency will soon disclose the existence of the investigation, the source said on Friday. Earlier on Friday, the … Continue reading
Under pressure, Chesapeake cuts director pay
(Reuters) – Chesapeake Energy Corp , under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday. Chesapeake and its board have come under fire in recent weeks after Reuters reported, among … Continue reading
