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…
GM CEO Barra confident about value of company’s stock
KANSAS CITY, Kan. (Reuters) – General Motors Co’s chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM’s stock, which has dropped nearly 9 percent since mid-March despite a $5 billion shar…
Fed’s Evans: rate hikes could start sooner, if kept slow
COLUMBUS, Ind. (Reuters) – With U.S. inflation uncomfortably low and the unemployment rate still too high, the Federal Reserve should hold off on raising short-term interest rates until early next year, a top Fed policymaker said on Monday.
GE ties up with Qualcomm, Apple in new lighting business bet
(Reuters) – General Electric Co on Monday announced collaborations with Qualcomm Inc and Apple Inc as it uses digital technology and the growing appetite for data to reinvigorate its 130-year-old lighting business.
GE boss to meet EU antitrust chief probing Alstom deal: source
BRUSSELS (Reuters) – General Electric’s CEO will meet Europe’s antitrust chief on Tuesday, according to a source, in what is expected to be a push for unconditional EU approval for its 12.4-billion-euro ($13.8 billion) bid for an Alstom business.
U.S. factory orders rebound solidly, but trend still soft
WASHINGTON (Reuters) – New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.
Buffett defends core holdings like IBM, Coca-Cola, in interview
NEW YORK (Reuters) – Billionaire investor Warren Buffett defended some of his core holdings in a televised interview on Monday, but reiterated that equities in general would look expensive in an environment with normal interest rates.
Supreme Court hands win to Barclays over $4 billion in Lehman assets
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc’s[LEHRG.UL] brokerage unit at the height of the 2008 finan…
Bull market ‘supercycle’ for stocks, bonds ending: Bill Gross
NEW YORK (Reuters) – The bull market “supercycle” for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said …
Oil slips after hitting 2015 high above $67
LONDON (Reuters) – Oil eased toward $66 a barrel on Monday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered expectations of a tighter supply and demand balance later this year.
