Former HP chairman admits ‘mistake’ in sexism trial
SAN FRANCISCO (Reuters) – Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm, and that he feared for the woman’s safety.
Apple, Google poaching settlement appears headed for approval
SAN FRANCISCO (Reuters) – A U.S. judge on Monday seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down sal…
Weak U.S. consumer spending points to slower first-quarter growth
WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. 
Wall St. rallies; Nasdaq hits highest level since 2000
NEW YORK (Reuters) – The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy.
IBM shareholder sues company, alleging it overvalued chip unit
NEW YORK (Reuters) – IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands.
Connecticut launches probe into Lenovo use of Superfish software
(Reuters) – Connecticut Attorney General George Jepsen’s office said on Monday it has launched an investigation into Lenovo Group Ltd’s sales of laptops pre-loaded with Superfish software, which the U.S. government last month warned made users vulnerab…
Standard Chartered to shrink bonus pool by 9 percent: Sky News
(Reuters) – Standard Chartered bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million pounds ($1.1 billion), Sky News reported late on Monday, citing a person familiar with the matter.
Former HP chairman admits ‘mistake’ in venture firm sexism trial
SAN FRANCISCO (Reuters) – Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.
GM aims to boost GMC truck brand’s U.S. market share
DETROIT (Reuters) – General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday.
Oil tumbles on Iran, Libya; worry about high supply returns
NEW YORK (Reuters) – Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran’s sanctions and boost its oil exports brought worries about high supplies back to the market.
