ISS recommends votes against Facebook CEO Zuckerberg, 4 other directors
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services on Wednesday recommended investors withhold their support from five Facebook Inc directors, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, citin…
Cisco quarterly revenue rises 4.4 percent
(Reuters) – Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.
Retail, tech stocks boost Wall Street; Russell 2000 hits record
NEW YORK (Reuters) – Retail and technology stocks led Wall Street higher on Wednesday as the small-cap Russell 2000 hit a record peak, even as U.S. bond yields touched near a seven-year high and investors fretted over geopolitics.
Wall St. back in black as Russell 2000 hits record
(Reuters) – Retail and technology stocks led Wall Street back to positive territory on Wednesday, and the small-cap Russell 2000 hit a new intra-day high, even as traders remained on edge about geopolitics and rising U.S. interest rates.
Toys ‘R’ Us demise could spur merger boom in U.S. toy market
(Reuters) – The U.S. toy industry looks set for a flurry of mergers and acquisitions between smaller toy makers in the aftermath of the Toys ‘R’ Us bankruptcy, as they seek more scope and negotiating power with big box retailers Target and Walmart .
Square’s bitcoin move has caused internal disagreement: CEO Dorsey
NEW YORK (Reuters) – Square Inc’s decision to allow users of its mobile app to buy and sell bitcoin this year was a “pretty contentious move within the company” and remains a source of internal tension, the payment processor’s CEO Jack Dorsey said on …
Redstone family moves to cement control over CBS
(Reuters) – The Redstone family sought on Wednesday to amend CBS Corp’s bylaws to prevent its board of directors from issuing a special stock dividend that would eliminate much of its voting power, as a court room showdown between them loomed.
Macy’s lifts forecast, says ‘every week was good’ in first quarter
(Reuters) – Macy’s Inc raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism spending, a new loyalty program and a greater assortment of products offer…
Lachlan Murdoch to replace brother James as Fox CEO after Disney deal
(Reuters) – Twenty First Century Fox’s Chief Executive Officer James Murdoch will leave the company and be succeeded by brother Lachlan once the company sells off its TV and film assets to Walt Disney Co .
Canada ready to cover Kinder Morgan loss, sees outside interest
OTTAWA (Reuters) – Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday…
