BlackBerry wins dismissal of U.S. lawsuit over BlackBerry 10
(Reuters) – BlackBerry Ltd on Friday won the dismissal of a U.S. lawsuit accusing it of fraudulently inflating its stock price by painting a misleadingly upbeat picture of the prospects for its BlackBerry 10 smartphone line.
Wall St. resumes fall as dollar hits 12-year high
NEW YORK (Reuters) – U.S. stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about its impact on U.S. multinationals’ earnings.
DuPont rejects Peltz’s proposal to add four nominees
(Reuters) – DuPont rejected hedge fund Trian Fund Management LP’s proposal to add two nominees each to the chemical conglomerate’s board and the board of a unit the company plans to spin off, in a letter to activist investor Nelson Peltz.
Weak profit margins dampen U.S. producer inflation
WASHINGTON (Reuters) – U.S. producer prices fell in February for a fourth straight month, pointing to tame inflation that could argue against an anticipated June interest rate hike from the Federal Reserve.
Wall St. resumes decline as dollar hits 12-year high
NEW YORK (Reuters) – U.S. stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about the impact on U.S. multinationals’ earnings.
Oil drops 9 percent on week on stronger dollar, glut warning
NEW YORK (Reuters) – Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
EU executive warns of Grexit ‘catastrophe’, urges euro solidarity
BRUSSELS (Reuters) – The European Commission warned of “catastrophe” if Greece has to abandon the euro and its chief executive, Jean-Claude Juncker, urged EU governments to show solidarity as Athens struggles to secure more credit.
People linked to Pershing Square probed over Herbalife: Ackman
(Reuters) – Billionaire investor Bill Ackman said some people hired by a consulting group working for his hedge fund had received subpoenas from federal agencies investigating possible manipulation of Herbalife Ltd’s stock.
Lumber Liquidators’ defense not convincing enough: analysts
(Reuters) – Lumber Liquidators Holdings Inc’s shares fell as much as 10 percent on Friday, reversing some gains from a day earlier, after brokerages cut their price targets, saying the hardwood flooring retailer’s defense of its products left some ques…
GM settles high-profile ignition-switch case with Georgia family
DETROIT (Reuters) – The family of a woman who died in a crash later blamed on a faulty General Motors Co ignition switch has settled a civil lawsuit against the automaker, ending litigation that helped bring to light the company’s decade-long delay in recalling millions of defective vehicles.
