Glass Lewis advises no vote on Sprint-SoftBank deal
NEW YORK (Reuters) – Sprint Nextel Corp shareholders should not vote on SoftBank Corp’s takeover bid on June 12 while Dish Network’s rival $25.5 billion offer was still being reviewed, proxy advisory firm Glass Lewis said on Tuesday.
U.S. agency: Apple infringes Samsung patent on older iPhones, iPads
WASHINGTON (Reuters) – Samsung Electronics scored a point on Tuesday over global rival Apple Inc in their long-running battle over mobile device patents.
Chrysler resisting U.S. recall of 2.7 million Jeep vehicles
DETROIT (Reuters) – Chrysler Group LLC, in a rare move, is resisting a push by U.S. regulators to recall 2.7 million older model Jeep vehicles, saying on Tuesday that the request is based on an “incomplete analysis of the underlying data.”
Exclusive: Brazil closer to Boeing on jets deal after Biden visit
SAO PAULO (Reuters) – Brazil is closer to choosing Boeing Co.’s F-18 for one of the developing world’s most sought-after defense contracts after U.S. Vice President Joe Biden addressed the government’s main misgivings during a visit to Brasilia, offici…
American Homes 4 Rent files for up to $1.25 billion IPO
(Reuters) – Real estate investment trust American Homes 4 Rent filed with regulators on Tuesday to raise up to $1.25 billion in an initial public offering of its Class A shares.
Wall Street ends down on fears Fed may scale back stimulus
NEW YORK (Reuters) – Stocks ended lower on Tuesday, resuming their recent decline as investors sold growth-oriented sectors on speculation the Federal Reserve may slow the pace of its economic stimulus.
United Airlines says weak yen may hit capacity, pricing
CHICAGO (Reuters) – United Airlines’ capacity and pricing of flights to and from Japan will be affected if the value of yen remains depressed, the company’s chief executive said on Tuesday.
Salesforce to pay $2.5 billion for ExactTarget in social marketing bet
SAN FRANCISCO (Reuters) – Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff’s most significant bet to date on the social marketing business…
Amazon plans big expansion of online grocery business: sources
SAN FRANCISCO (Reuters) – Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people fami…
Amazon plans major move into grocery business
SAN FRANCISCO (Reuters) – Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people fami…
