Wireless executive gets prison after BlackBerry leak
(Reuters) – A former wireless retail executive was sentenced to five months in prison Tuesday for selling confidential industry information to an analyst whose subsequent 2013 report on sales of BlackBerry Ltd’s newest smartphone sent the company’s sto…
Wall St. rallies as clock ticks toward Fed decision
(Reuters) – U.S. stocks rallied over 1 percent on Tuesday after data showed healthy growth in consumer spending but did little to remove uncertainty about whether the Federal Reserve will raise rates this week.
GE to move U.S. jobs overseas in fight over export credits
WASHINGTON/NEW YORK (Reuters) – Flexing its muscles amid a bitter congressional fight over the U.S. Export-Import Bank, General Electric Co on Tuesday revealed plans to shift up to 500 U.S. manufacturing jobs to Europe and China because it can no longe…
HP says it will cut up to 30,000 jobs
(Reuters) – Hewlett-Packard Co , which is splitting into two listed companies later this year, said it expects to cut another 25,000 to 30,000 jobs in its enterprise business as part of its efforts to save $2.7 billion in costs.
Contrarian CEOs tell the Fed: Go ahead, raise my rates
NEW YORK (Reuters) – Some U.S. chief executives think it is time to pick interest rates off the floor, even as many of their peers campaign to maintain the status quo.
BMW eyes new business opportunities with autonomous cars
FRANKFURT (Reuters) – German carmarker BMW is preparing to rethink its products, design and business models for the advent of driverless cars, a board member at the Bavarian company said on Tuesday.
Subway co-founder Fred DeLuca dies at 67 after battling leukemia
(Reuters) – Fred DeLuca, the CEO and co-founder of Subway who helped build his sandwich shops into the world’s largest restaurant chain, has died at age 67 after a long battle with leukemia, the company said on Tuesday.
Google does not intend to become a carmaker: executive
FRANKFURT (Reuters) – Google Inc. does not intend to become a vehicle manufacturer, the company’s managing director for Germany, Austria and Switzerland said on Tuesday at the Frankfurt auto show.
Amazon’s Jeff Bezos ups his stake in billionaires’ space race
CAPE CANAVERAL, Fla. (Reuters) – Amazon founder Jeff Bezos unveiled plans on Tuesday to build a rocket manufacturing plant and launch site in Florida to better compete with fellow billionaires using their fortunes and tech prowess to open a new frontie…
U.S. grocery chain Albertsons to press ahead with IPO: sources
(Reuters) – U.S. supermarket chain Albertsons Companies Inc is moving ahead with plans for an initial public offering in late September or early October that could value it as much as $24 billion, including debt, according to people familiar with the m…
