IBM to buy website hosting service SoftLayer
(Reuters) – International Business Machines Corp said on Tuesday that it would acquire database Web hosting company SoftLayer Technologies and create a new division for clients interested in cloud services.
Widening trade gap offers mixed signals on economy
WASHINGTON (Reuters) – Trade deficit widened in April as a rise in imports offset a rebound in exports, suggesting trade could drag on growth in the second quarter even as demand holds up.
AMR gets court OK to send restructuring plan to creditors for a vote
(Reuters) – American Airlines’ bankrupt parent received court permission on Tuesday to send its restructuring plan to creditors for a vote.
Berkshire Hathaway’s MidAmerican to hold off on new Iowa nuclear plants
(Reuters) – Berkshire Hathaway Inc’s MidAmerican Energy Co has decided against building any new nuclear reactors in Iowa in the near future because of regulatory hurdles.
NHTSA probes air-bag issue in 400,000 GM cars
DETROIT (Reuters) – Safety regulators are investigating whether to expand a General Motors Co recall to 400,000 vehicles to address a potential issue with the driver-side air bag.
U.S. court freezes Royalty’s bid for drugmaker Elan
DUBLIN (Reuters) – U.S.-based investment firm Royalty Pharma is unable to go ahead with its hostile $6.4 billion bid for Irish drug firm Elan for now, following a New York court ruling.
Dollar General clips profit forecast as shoppers opt for low-margin goods
(Reuters) – Discount chain Dollar General Corp cut the top end of its full-year profit forecast, warning of moderating sales growth and declining margins as frugal shoppers make it difficult to raise prices.
Carlyle’s Arinc draws takeover interest from GE, Rockwell-sources
NEW YORK (Reuters) – Carlyle Group LP’s aerospace communications firm Arinc Inc has drawn early takeover interest from industry conglomerates and private equity firms in an auction that may fetch between $1.3 billion and $1.4 billion, several people fa…
Schapiro: U.S. risk council gave life to money fund reforms
WASHINGTON (Reuters) – Mary Schapiro, the recently departed head of the Securities and Exchange Commission, is crediting the fledgling U.S. risk council with successfully pressuring her former colleagues into proposing new rules for the $2.6 trillion m…
Qatar Airways says will not launch Boeing 787-10X
CAPE TOWN (Reuters) – Qatar Airways will not be a launch customer for Boeing’s next passenger jet, a stretched version of its 787 Dreamliner, its chief executive said on Tuesday.
