Google morphs into Alphabet; investors cheer clarity
SAN FRANCISCO (Reuters) – Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like dr…
Greece, lenders locked in marathon talks for bailout deal
ATHENS (Reuters) – Greece and its international lenders were locked in marathon overnight talks to seal a multibillion-euro bailout deal on Tuesday, racing against a countdown to European Central Bank debt repayments falling due in days.
Google morphs into Alphabet Inc, investors cheer clarity
SAN FRANCISCO (Reuters) – Google Inc announced a major shake-up of its operating structure on Monday, creating a holding company called Alphabet which will contain subsidiaries to separate its core web advertising business from newer ventures like driv…
Buffett pays high price for Precision Castparts
(Reuters) – Warren Buffett is paying a hefty price for the biggest bet of his career as his Berkshire Hathaway Inc has agreed to buy Precision Castparts Corp , valuing the maker of aerospace and other parts at $32.3 billion.
Citigroup in $13.5 million settlement over defunct CSO hedge fund
NEW YORK (Reuters) – Citigroup Inc agreed to pay $13.5 million to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in Nove…
Twitter interim CEO Dorsey buys more shares in show of faith
(Reuters) – Twitter Inc interim Chief Executive Jack Dorsey joined other insiders in buying more shares in the company in a show of confidence in the stock, which traded at a record-low last week.
Shake Shack shares soar, profit and sales surprisingly strong
(Reuters) – Hamburger chain Shake Shack Inc , known for its indulgent hormone- and antibiotic-free burgers and sides, on Monday reported better-than-expected quarterly profit and sales, sending its shares up 8.3 percent in after-hours trading.
Longer time off for U.S. parents welcome, but bosses must lead the way
NEW YORK (Reuters) – Better paid leave for new parents is long overdue in the United States, and executives must lead by example to persuade hard-working, vacation-averse Americans to take advantage of such a benefit, family and employment experts said…
Wall St. rallies with energy, materials; Google jumps after the bell
(Reuters) – U.S. stocks climbed on Monday, giving the S&P 500 its biggest increase since May as indexes rebounded sharply from last week’s losses, buoyed by gains in commodity-related shares and optimism over Warren Buffett’s latest deal.
Greece and lenders in final push to seal new bailout
ATHENS (Reuters) – Greece and its international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days….
