Exclusive: IBM hired advisers to deal with restless investors – sources
NEW YORK/BOSTON (Reuters) – Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Je…
Investment banking fees fall 8 percent in weakest first quarter since 2012
(Reuters) – Global investment banking fees fell 8 percent to $20 billion in the first quarter, the poorest start to the year since 2012, hurt by weak deal activity in Europe, Asia Pacific and Japan.
Nissan CEO says he needs more North America capacity
(Reuters) – Nissan Motor Co Chief Executive Carlos Ghosn said the automaker needs more capacity in North America to fuel its growth.
BMW, Mercedes grapple with unauthorized exports from U.S. to China
NEW YORK (Reuters) – Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world’s largest auto market, senior executives said.
Exclusive: Greece tells creditors it will run out of cash on April 9
(Reuters) – Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said.
Fed’s Yellen says research needed to understand inequality issue
WASHINGTON (Reuters) – More research is needed to understand what policies allow people to move up the economic ladder and what holds them back, Federal Reserve Chair Janet Yellen said on Thursday, returning to a controversial topic for the U.S. centra…
Google fails to dismiss privacy lawsuit over Google Wallet
(Reuters) – A federal judge has rejected Google Inc’s request to dismiss a lawsuit accusing the technology company of invading the privacy of users of its Google Wallet electronic payment service by sharing their personal information with outside app d…
Apple’s music streaming deals under EU regulatory spotlight: sources
BRUSSELS (Reuters) – European Union antitrust regulators are investigating Apple Inc’s deals with record labels and online music streaming services to see if it is blocking rivals’ access to its music planned streaming platform, two people with knowled…
Pay rises for low-wage U.S. workers gain speed, support recovery
WASHINGTON (Reuters) – America’s lowest paid workers are getting bigger raises that are outpacing the gains of many of their better-off peers, a trend that suggests the benefits of U.S. economic growth are finally trickling down, boding well for the re…
U.S. factory orders rise, offer glimmer of hope for manufacturing
WASHINGTON,(Reuters) – New orders for U.S. factory goods unexpectedly rose in February after six straight months of declines, offering a ray of hope for a sector that has been battered by a strong dollar and weaker global demand.
