Wall Street extends gains; Nasdaq turns positive
NEW YORK (Reuters) – Stocks extended their gains in a volatile session on Monday, with the Nasdaq turning positive on strength in Intel Corp , which soared 3.5 percent to $25.14.
FedEx hastens retirement of aircraft
(Reuters) – FedEx Corp said on Monday it will permanently retire or will hasten the retirement of 86 aircraft and more than 300 engines as the package delivery company modernizes its fleet.
Exclusive: Bank of America Merrill Lynch sheds top muni analysts
(Reuters) – Nearly half of the municipal research team at Bank of America Merrill Lynch , the biggest lead manager of municipal bond sales in the $3.7 trillion U.S. market, left the firm last week in a restructuring of the unit, the company confirmed o…
Rajaratnam’s brother in plea talks over insider charges
(Reuters) – Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, including a possible plea, a court filing shows.
In e-books trial, U.S. says Apple conspired with publishers
NEW YORK (Reuters) – Apple Inc conspired with publishers to raise the price of e-books in a scheme costing consumers “hundreds of millions of dollars,” a U.S. government lawyer said on Monday.
With new China plant, Volvo hopes to hit 2020 sales goal early: executive
CHENGDU, China (Reuters) – Chinese-owned Swedish automaker Volvo Car Corp expects to be selling 200,000 cars a year in China by 2018, a senior executive said, two years ahead of its latest target and as a new assembly plant gears up for full production…
GE settles with N.Y. over high-rate healthcare credit card
(Reuters) – General Electric Co has reached a settlement with New York’s attorney general to end a probe into whether consumers were pressured into using a health care credit card carrying a high interest rate.
Lululemon pants back on shelves after see-through blunder fixed
TORONTO (Reuters) – Lululemon Athletica Inc ‘s black “Luon” pants are back on store shelves, the Canadian retailer said on Monday, following a highly-publicized recall in March after the fabric was deemed too transparent.
Insight: IRS has long history of burying non-profits in paperwork
WASHINGTON (Reuters) – Internal Revenue Service staff have a long history of discouraging applications for tax-exempt status from controversial groups by burying them in complicated questionnaires, according to former IRS officials. Among other reasons…
Sprint slams Dish’s latest offer for Clearwire
(Reuters) – Sprint Nextel Corp on Monday attacked Dish Network Corp’s competing bid for Clearwire Corp , saying Dish’s demands violate Sprint’s governance agreements with Clearwire and Delaware law.
