European markets buck China concerns
LONDON (Reuters) – European markets opened firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks.
VW working hard to quickly find Piech successor: CEO
HANOVER, Germany (Reuters) – Volkswagen aims to quickly find a successor to Ferdinand Piech who quit as chairman week before last, after 13 years in the position, following a damaging public leadership dispute with Chief Executive Martin Winterkorn, th…
Australia’s RBA cuts rates, markets wonder if that’s all
SYDNEY (Reuters) – Australia’s central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar.
Cisco looks to salesman Robbins for tech leadership
SEATTLE (Reuters) – Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of cloud…
Cisco veteran Robbins to take over as CEO from Chambers
(Reuters) – Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud co…
Sheryl Sandberg’s husband Goldberg died after hotel gym accident: official
MEXICO CITY/SAN FRANCISCO (Reuters) – SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a resort in Mexico, the local prosecutor’s office said Monday. Goldberg, the husband of Facebook Inc Chief Operating Off…
Unilever says its socially responsible brands outperform rest
LONDON (Reuters) – Consumer goods maker Unilever says its brands that most fully embrace its CEO’s passion for sustainability perform the best, adding fuel to its oft-repeated argument that social responsibility is good for business.
Greenlight’s Einhorn slams oil frackers at Sohn conference
NEW YORK (Reuters) – Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year’s most prominent investment conference by laying out a case against oil frackers, arguing these compan…
Exclusive: Credit Suisse dropped SEC waiver request amid opposition – sources
WASHINGTON (Reuters) – Credit Suisse has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win approval, people familiar with the matter told Reuters.
Morgan Stanley sees $292 million loss from Deutsche Bank lawsuit
(Reuters) – Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm’s mortgages.
