S&P ekes out second record close after lackluster data
(Reuters) – U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data.
Top U.S. hedge funds continued to dump Apple amid rally
NEW YORK (Reuters) – Top U.S. hedge fund management firms, including Leon Cooperman’s Omega Advisors and Philippe Laffont’s Coatue Management, continued to reduce or slash stakes altogether in Apple Inc during the first quarter, as shares of the iPhone…
Nomura, RBS must pay $806 million in mortgage bond case: U.S. judge
NEW YORK (Reuters) – A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac .
Alibaba sued in U.S. by luxury brands over counterfeit goods
NEW YORK (Reuters) – A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world.
Exclusive: Lockheed-Boeing venture lays off 12 executives in major reorganization
WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives.
FBI looking into suspicious bid for Avon
(Reuters) – The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc by purported acquirer PTG Capital Partners, an agency official said on Friday.
American Apparel sues Charney for violating standstill agreement
(Reuters) – Apparel retailer American Apparel Inc sued its ousted chief executive Dov Charney for violating his standstill agreement with the company.
Wal-Mart presses case for repairs at stores in labor dispute
(Reuters) – Weeks after Wal-Mart Stores Inc was accused of shuttering a California store to stop workers from organizing, the company said it would seek permits to rip up floors and replace plumbing lines as part of significant repairs at five stores t…
Buffett’s Berkshire adds to favorites IBM, Wells Fargo
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire’s favorite companies, including Wells Fargo & Co and International Business Machines Corp.
Carl Icahn invests $100 million in ride-sharing service Lyft
(Reuters) – In an uncharacteristic move, activist investor Carl Icahn’s Icahn Enterprises LP made a $100 million investment in Lyft Inc., adding momentum to the ride-sharing company’s rapid expansion but leaving its cash pile far behind rival Uber.
