Exclusive: China’s Wanxiang to relaunch Fisker Karma car with 2012 design – sources
BEIJING/DETROIT (Reuters) – Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker’s Karma hybrid luxury car by using a design from the company’s l…
Exclusive: TransCanada eyed by U.S. investor activists – sources
NEW YORK/TORONTO (Reuters) – Canada, which has seen a fair share of U.S. activist investors cross the border in the last years, may soon have more of them knocking on its door.
Oracle quarterly revenue misses on weak hardware sales
(Reuters) – Oracle Corp reported quarterly revenue below analysts’ estimates, hurt by a 7.6 percent fall in hardware systems revenue.
Argentina, Citigroup face tough questioning in bond appeal
NEW YORK (Reuters) – A U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup Inc warned it faces “serious and imminent hazard” if it follows a judge’s order not to process an upcoming interest payment due to bondholders.
TransCanada eyed by U.S. investor activists – sources
NEW YORK/TORONTO (Reuters) – Canada, which has seen a fair share of U.S. activist investors cross the border in the last years, may soon have more of them knocking on its door.
Microsoft lays off 2,100, axes Silicon Valley research
SEATTLE (Reuters) – Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO’s goal of cutting 18,000 staff, or about 14 percent of its workforce.
A year later, most mega IPOs are mega laggards
NEW YORK (Reuters) – If history is any guide, investors who miss out on getting a slice of Alibaba’s massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.
Wall Street sees holes in Fed’s new policy-tightening plan
NEW YORK (Reuters) – No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
Alibaba set to price IPO shares amid investor frenzy
(Reuters) – Underwriters for Alibaba Group Holdings are planning to allocate the bulk of the heavily anticipated offering from the Chinese e-commerce company to a group of 25 to 50 large institutions when pricing is completed after the close of trading…
U.S. household net worth rises to record $81.5 trillion
WASHINGTON (Reuters) – The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers.
