As Twitter, Square interests converge, CEO Dorsey risks conflicts
SAN FRANCISCO (Reuters) – If Jack Dorsey becomes permanent CEO of both Twitter Inc and mobile payments company Square, he could struggle with conflicts of interest in the business that is key to both companies’ futures: e-commerce.
Wall Street ends worst quarter in four years with a rally
(Reuters) – U.S. stocks closed sharply higher on Wednesday as investors sought bargains among beaten-down stocks and the recently battered biotechnology index bounced back on the last day of Wall Street’s worst quarter since 2011.
Wall Street ends worst quarter in four years with a rally
(Reuters) – U.S. stocks closed sharply higher on Wednesday as investors sought bargains among beaten-down stocks and the recently battered biotechnology index bounced back on the last day of Wall Street’s worst quarter since 2011.
Northrop wins U.S. Global Hawk drone contract worth up to $3.2 billion
WASHINGTON (Reuters) – Northrop Grumman Corp has won a contract worth up to $3.2 billion for continued development, modernization and maintenance of all U.S. Air Force variants of the Global Hawk unmanned surveillance plane, the Pentagon said on Wednes…
Microsoft, Google stand down in patent battles
NEW YORK (Reuters) – Microsoft Corp and Google Inc have agreed to bury all patent infringement litigation against each other, the companies announced on Wednesday, settling 18 cases in the United States and Germany.
U.S. launches insider-trading probe into Federal Reserve leak: WSJ
WASHINGTON (Reuters) – U.S. prosecutors in New York have launched an insider-trading probe into a leak of sensitive information from the Federal Reserve in 2012, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Auto union skids toward clashes with Detroit Three over pay
KOKOMO, Ind. (Reuters) – The United Auto Workers union is skidding toward clashes with at least two of Detroit’s Big Three automakers, as rank and file workers reject compromises on wage increases, benefits and work schedules that their leaders had urged them to accept.
American Airlines, union reach tentative deal to hike gate agents’ pay
(Reuters) – American Airlines Group Inc said Wednesday that it agreed to a tentative contract with the association representing its reservations and gate agents that provides for “significant pay raises.”
DuPont CEO Kullman: ‘Crucial’ to engage with all stakeholders
BOSTON (Reuters) – DuPont Chief Executive Ellen Kullman said it is critical to keep engaging with all stakeholders in the company, signaling an open door policy less than five months after fending off one of the year’s toughest shareholder challenges.
Lockheed disputes Pentagon worries about larger defense contractors
WASHINGTON (Reuters) – Lockheed Martin Corp , the Pentagon’s largest supplier, on Wednesday said it disagreed with comments from the Defense Department warning that consolidation in the weapons industry could lead to higher costs and less innovation.
