Cisco’s quarterly report to offer gauge of technology demand
SAN FRANCISCO (Reuters) – Investors spooked by a steep sell-off in enterprise tech stocks will get a fresh glimpse of the health of technology spending on Wednesday when bellwether Cisco Systems Inc posts its quarterly results.
U.S. regulators upgrade, expand Fiat Chrysler gearshift probe
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Monday it is expanding a defect investigation of 856,000 Fiat Chrysler SUVs and cars because the vehicles may roll away after drivers exit, thinking they have put the t…
U.S. bank stocks and bonds clobbered by recession worry
NEW YORK (Reuters/IFR) – U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly.
GM suspends Egypt operations due to currency crisis: company source
CAIRO (Reuters) – General Motors has temporarily suspended its operations in Egypt due a currency crisis, a company source told Reuters on Monday.
India introduces net neutrality rules barring Facebook’s free Internet
NEW DELHI/MUMBAI (Reuters) – India introduced rules on Monday to prevent Internet service providers from having different pricing policies for accessing different parts of the Web, in a setback to Facebook Inc’s plan to roll out a pared-back free Inter…
Chesapeake moves to quash bankruptcy fears as shares plunge
(Reuters) – Chesapeake Energy, the No. 2 U.S. natural gas producer, said on Monday it had no plans to file for bankruptcy, after sources told Reuters the company had asked its longtime counsel to look at restructuring options.
Corporate winners of Obama budget still face long odds
NEW YORK (Reuters) – Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader.
Tech stocks extend losses, valuations dented
(Reuters) – Technology shares with lofty valuations, including those of midcap data analytics company Tableau Software Inc and Internet giant Facebook Inc, extended their losses on Monday following a gutting selloff in the previous session.
DoubleLine’s Gundlach calls market trends ‘relentless and powerful’
NEW YORK (Reuters) – Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, repeated a December warning on Monday that the dramatic slowdown in global growth will trigger a collapse in some credit funds, saying that the high-yield …
Verizon enlists AOL CEO to explore Yahoo deal: Bloomberg
(Reuters) – Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc’s assets, Bloomberg reported, citing a person with knowledge of the situation.
