Cisco profit edges past estimates despite weak telecom spending
(Reuters) – Cisco Systems Inc’s quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
Shell considers small North America energy deals even after BG
NEW YORK (Reuters) – Royal Dutch Shell Plc will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc , Marvin Odum, director of Shell’s Americas exploration and pro…
Wells Fargo moves to streamline major departments: report
(Reuters) – Wells Fargo & Co , the largest U.S. mortgage lender, has undertaken a study to streamline five of its key departments, a move that could lead to job losses, the Charlotte Observer reported on Wednesday.
Japan’s three top carmakers to expand Takata air bag recalls by millions
TOKYO (Reuters) – Japan’s three biggest carmakers are expanding a huge global recall triggered by potentially fatal air bags made by Takata Corp , saying on Wednesday they will take back millions of vehicles worldwide for investigation.
United Airlines to lease up to 25 used aircraft from AerCap Holdings
(Reuters) – United Continental Holdings Inc on Wednesday announced plans to lease up to 25 used aircraft from AerCap Holdings NV, one of the world’s largest aircraft lessors , to reduce its dependence on smaller, 50-seat jets.
Cisco profit edges past estimates despite weak telecom spending
(Reuters) – Cisco Systems Inc’s quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
DuPont wins board proxy fight against activist investor Peltz
WILMINGTON, Del. (Reuters) – DuPont repelled a board challenge from activist investor Nelson Peltz on Wednesday, dealing him a surprising blow after shareholders backed all 12 directors nominated by the U.S. chemical conglomerate’s management.
Apple, A123 close to settling battery hiring lawsuit
SAN FRANCISCO (Reuters) – Apple Inc and electric battery maker A123 Systems are close to settling a legal dispute over claims that the smartphone and computer maker, which is also looking into building an electric vehicle, poached A123 employees to bui…
Delta Air Lines approves $5 billion buyback plan, to hike dividend
(Reuters) – Delta Air Lines Inc said it will return more than $6 billion to investors through share buybacks and dividends by the end of 2017, and raised its target for operating profit margin.
Standard General makes top offer for RadioShack name, customer data
SAN FRANCISCO (Reuters) – The auction for bankrupt electronic retailer RadioShack’s brand and customer data has closed with the Standard General hedge fund posting a winning bid of $26.2 million after objections piled up to their sale.
