Chesapeake alleges founder McClendon stole ‘trade secrets’ to start new firm
OKLAHOMA CITY (Reuters) – Chesapeake Energy Corp filed suit Tuesday alleging its founder and former chief executive, Aubrey K. McClendon, stole confidential company data during his last months on the job in order to launch his new oil and gas empire.
JPMorgan tops list of risky banks: government study
WASHINGTON (Reuters) – JPMorgan Chase & Co bears the highest potential hazard to the financial system if it were to fail, a staff study released by a U.S. government research agency showed, providing a first-of-its-kind numerical risk ranking of U.S. banks.
Comcast fight with upstart Spanish station is grist for merger foes
WASHINGTON (Reuters) – A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attor…
Buffett’s Berkshire Hathaway discloses new stake in Deere: filing
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Tuesday disclosed a new stake in agricultural and construction equipment maker Deere & Co , one of a handful of changes in its stock holdings during the fourth quarter.
Some top investors exit Herbalife, Soros added shares in fourth quarter
BOSTON (Reuters) – Three of the top 20 investors in Herbalife Ltd liquidated their positions during the fourth quarter when the nutrition and weight loss company missed Wall Street earnings estimates, but Soros Fund Management increased its holdings by…
S&P 500 ends at record high on Greece hopes, as bonds drop
NEW YORK (Reuters) – The S&P 500 ended above 2,100 at another record high on Tuesday as optimism grew that a debt deal would be reached with Greece and as bond prices sold off.
Oil up from early sell-off as Brent sets 2015 high
NEW YORK (Reuters) – Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of $63 a barrel as short-covering returned to a market depressed earlier by worries about euro zone stability.
New menu items help drive Burger King, Tim Hortons sales jump
TORONTO (Reuters) – Restaurant Brands International Inc , the parent of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported robust quarterly sales growth on Tuesday, crediting new menu items for driving traffic.
Apple orders 5-6 million watches: WSJ
(Reuters) – Apple Inc has asked its Asian suppliers to make 5-6 million units of its three Apple Watch models for the first-quarter, the Wall Street Journal reported, citing people familiar with the matter.
UK awards Boeing 420 million pound contract to support Chinook helicopters
LONDON (Reuters) – The British government said on Tuesday it had awarded Boeing a five-year contract worth 420 million pounds ($644.91 million) to provide in-service support to its fleet of Chinook military helicopters.
