Cisco Systems to lay off about 14,000 employees: CRN
(Reuters) – Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company.
China warns ‘protectionist’ Australia on investment after blocked Ausgrid deal
SYDNEY/BEIJING (Reuters) – Australia’s decision to block the A$10 billion ($7.7 billion)sale of the country’s biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, China’s Ministry of Co…
Viacom settlement talks resume: source
(Reuters) – Settlement talks between Viacom Inc Chief Executive Philippe Dauman and controlling shareholder Sumner Redstone have resumed after weeks of stops and starts, a source familiar with the situation told Reuters on Tuesday.
SEC cracks down on severance agreements that deter whistleblowing
WASHINGTON (Reuters) – For the second time in less than a week, U.S. securities regulators on Tuesday filed civil charges against a company for inserting language into its severance agreements that prevents outgoing employees from reaping the benefits …
Top U.S. investors take profits, hold out hopes on energy in second quarter
NEW YORK (Reuters) – Top U.S. investors such as Berkshire Hathaway and Paulson & Co slashed some energy investments in the second quarter amid strong gains in crude and natural gas prices, while also appearing optimistic by maintaining or placing new bets on the sector, regulatory filings showed on Friday and Monday.
Praxair and Linde’s merger would face major antitrust hurdles
(Reuters) – Praxair Inc’s contemplated merger with Linde AG would cut the number of global industrial gas suppliers to three from four, posing antitrust challenges and drawing scrutiny from regulators wary of more mega deals.
Gaining confidence, Fed officials eye interest rate hike this year
NEW YORK/KNOXVILLE, Tenn. (Reuters) – The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. ec…
Univision to buy Gawker out of bankruptcy for $135 million
NEW YORK (Reuters) – Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S. internet publisher Gawker Media LLC for $135 million, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million.
Barnes & Noble fires CEO Boire, board says not a ‘good fit’
(Reuters) – Barnes & Noble Inc said on Tuesday Chief Executive Ronald Boire would leave, after less than a year at the helm, as its board had decided he was not a “good fit” for the bookstore chain operator.
Wall St. slips from highs after Fed officials’ rate comments
(Reuters) – U.S. stocks eased from record highs on Tuesday after comments from Federal Reserve officials fueled speculation of an interest rate hike this year.
