Emirates Airline rejects Delta’s criticism of overcapacity on Dubai-U.S. routes
DUBAI (Reuters) – Emirates Airline [EMIRA.UL] said Tuesday that state-owned Gulf Arab airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting criticism by U.S. carrier Delta Air Lines .
Hackers stole secrets for up to $100 million insider-trading profit: U.S
NEW YORK (Reuters) – A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before …
Symantec to sell Veritas for $8 billion to focus on security software
(Reuters) – Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business.
Google buys time for bold bets with new Alphabet structure
(Reuters) – By separating moonshots from moneymakers, Google founders Larry Page and Sergey Brin are now free to pursue more quixotic business ideas such as glucose-monitoring contact lenses, Internet-connected, high-altitude balloons and even immortal…
Takata won’t disclose test plan details for replacement air bags
WASHINGTON (Reuters) – Takata Corp , which is recalling 34 million defective air bag inflators, has proposed a plan to address concerns about the safety of the replacement parts it is providing to consumers – but the details are not available to the pu…
Hackers stole secrets for up to $100 million insider-trading profit: U.S
NEW YORK (Reuters) – An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday.
American Apparel says may not have enough funds for next 12 months
(Reuters) – Struggling teen apparel retailer American Apparel Inc said it does not expect to have sufficient funds to run the company for the next 12 months and warned it may not be able raise additional capital.
GE to sell healthcare finance business to Capital One for $9 billion
(Reuters) – General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion as it winds down its finance arm and returns to its industrial roots.
Wall St. slides after China’s surprise currency devaluation
(Reuters) – U.S. stocks declined broadly on Tuesday as China’s devaluation of its yuan currency hit companies with a big exposure to the world’s No. 2 economy and added to worries about the global economic outlook.
S&P may cut Buffett’s Berkshire due to cash in Precision deal
(Reuters) – Standard & Poor’s on Tuesday said it may downgrade Warren Buffett’s Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp .
