GE ties cash, margin goals to compensation of CEO Immelt
(Reuters) – General Electric Co Chief Executive Officer Jeff Immelt will personally profit if the U.S. conglomerate reaches certain cash and operating profit margin targets over the next three years.
Dow, S&P 500 end at record highs; transports jump
NEW YORK (Reuters) – The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares.
Exclusive: Apple’s enterprise assault gets into higher gear
SAN FRANCISCO (Reuters) – Apple Inc is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc and working in concert with a dozen or so developers, two source…
U.S. judge says Citigroup can process Argentina’s next bond payment
NEW YORK (Reuters) – A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default.
Obama pressures FCC for strong net neutrality rules
WASHINGTON (Reuters) – U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and tele…
U.S. judge rejects BP bid to oust Gulf spill claims chief
(Reuters) – BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill.
Fed’s Rosengren says fight for higher inflation should be vigorous
LEXINGTON Va (Reuters) – The Fed should fight low inflation as vigorously as it would a too rapid run-up in prices or risk the same sort of prolonged slow growth plaguing Japan and Europe, Boston Federal Reserve bank president Eric Rosengren said on Mo…
Wells Fargo lands JP Morgan broker team managing nearly $1 billion
NEW YORK (Reuters) – Wells Fargo Advisors, Wells Fargo & Co’s brokerage unit, landed a three-person team from JP Morgan Private Bank where they managed $972 million in client assets and deposits.
Apple iOS bug makes devices vulnerable to attack: experts
(Reuters) – Researchers have warned that a bug in Apple Inc’s iOS operating system makes most iPhones and iPads vulnerable to cyber attacks by hackers seeking access to sensitive data and control of their devices.
Teamsters step up union drive at FedEx Freight, Con-way
CHICAGO (Reuters) – After years of failed efforts, the Teamsters union has won a toehold in the trucking units of FedEx and Con-way and is targeting more facilities at both, potentially threatening what analysts see as a core competitive advantage for …
