Salesforce working to field takeover offers: Bloomberg
(Reuters) – Cloud software company Salesforce.com Inc is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge of the matter.
Wall St. ends down after Fed statement, GDP data
(Reuters) – U.S. stocks ended lower on Wednesday as the Federal Reserve cited weakness in the U.S. economy and data showed U.S. growth slowed more sharply than expected in the first quarter.
Greece prepares reform bill, lenders seek concessions
ATHENS/BRUSSELS (Reuters) – Euro zone officials sought to wring policy concessions from Greece on Wednesday to unlock urgently needed aid after Athens said it would present a list of reforms for legislation to show it is serious about implementing its …
Microsoft targets $20 billion in annual cloud revenue by 2018
SAN FRANCISCO (Reuters) – Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years.
Fed’s downgrade of economic outlook signals longer rate hike wait
WASHINGTON (Reuters) – The Federal Reserve downgraded its view of the U.S. labor market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates.
GM to invest billions of dollars in U.S. plants: source
DETROIT (Reuters) – General Motors on Thursday will announce a multibillion-dollar, multiyear investment in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said.
Coke executive pay approved, but by lower-than-average margin
NEW YORK/BOSTON (Reuters) – Coca-Cola Co shareholders on Wednesday approved the beverage maker’s pay for top executives by a lower-than-average margin in the face of concerns by large proxy advisers.
Pimco hires Bernanke as senior adviser
NEW YORK (Reuters) – Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross.
U.S. economy stumbles in first quarter as weather, low energy prices weigh
WASHINGTON (Reuters) – U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.
Former Goldman banker acquitted of all charges in rape case
RIVERHEAD, New York (Reuters) – A former Goldman Sachs banker was found not guilty on Wednesday of charges that he raped an Irish student at his rental home while vacationing in Long Island in the summer of 2013.
