Ellen Pao resigns as Reddit CEO in fresh sign of turmoil
SAN FRANCISCO (Reuters) – Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the limits of free speech on its social-new…
Delta Air Lines pilots reject tentative contract: union
(Reuters) – Delta Air Lines Inc pilots have rejected a tentative contract agreement, casting in doubt both the labor deal and the airline’s plans to order extra planes from the Boeing Co .
Lehman’s Fuld defeats employee lawsuit over retirement losses
NEW YORK (Reuters) – A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into i…
States line up to scrutinize Aetna’s $33 billion Humana deal
NEW YORK/WASHINGTON (Reuters) – U.S. insurance regulators and state attorneys general are lining up to scrutinize Aetna Inc’s proposed $33 billion takeover of rival Humana Inc for potential harm to consumers, complicating what is already expected to be…
GM recalls 780,000 SUVs for possible lift gate issue
(Reuters) – General Motors Co said it was recalling nearly 780,000 crossover SUVs, mainly in North America, because their rear power lift gates could suddenly fall and hit people.
DOJ investigates ex-Deutsche Bank traders over Libor: Bloomberg
(Reuters) – U.S. Department of Justice prosecutors are investigating former Deutsche Bank AG traders in connection with their participation in the interest rate-rigging scandal and could bring charges this year, Bloomberg reported, citing two people wi…
Wall St. ends sharply higher in broad rally
NEW YORK (Reuters) – U.S. stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the …
Chesapeake Energy ordered to pay $379.7 million in bond dispute
NEW YORK (Reuters) – A U.S. federal judge on Friday ordered Chesapeake Energy Corp to pay $379.7 million to bond investors, after the natural gas company waited too long to tell them of its plan to redeem their $1.3 billion of bonds six years early.
Airlines face risk of worse disruptions from computer glitches
(Reuters) – A computer router error that grounded hundreds of United Airlines flights on Wednesday is just a preview of what can go wrong for carriers with increasingly automated operations, experts say.
Lockheed in the lead to buy Sikorsky from United Tech: source
(Reuters) – Lockheed Martin Corp is the leading candidate to buy United Technologies Corp’s Sikorsky helicopter unit in a deal that could value the business at more than $8 billion, a source familiar with the situation said on Friday.
