Apple planning 12.9-inch iPad for 2015: Bloomberg
SAN FRANCISCO (Reuters) – Apple Inc is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying on Tuesday.
Schwab loses $15 million arbitration case against Morgan Stanley
(Reuters) – Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential trade secrets.
RadioShack shareholder negotiating rescue package: Bloomberg
(Reuters) – RadioShack Corp’s second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter….
Fund managers look to make room for Alibaba
SAN FRANCISCO/NEW YORK (Reuters) – Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc’s market debut next month – and that means some less attractive stocks that funds are holding might be shown t…
Dollar stores in battle to double down on the poor
(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.
Best Buy says sales to fall as more shoppers buy online
(Reuters) – Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year.
Detroit, hold-out creditors must go to bankruptcy mediation: judge
(Reuters) – Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city’s historic bankruptcy case.
Anti-UAW workers seek to form union at Volkswagen plant
DETROIT (Reuters) – Employees at the Volkswagen AG auto plant in Chattanooga, Tennessee, are attempting to form a union that will include hourly and salaried workers as a counter to the United Auto Workers Local 42 established last month, a leading ant…
Hewlett-Packard recalls 6 million power cords over fire hazard
WASHINGTON (Reuters) – Hewlett-Packard Co is recalling about 6 million computer power cords after 29 reports of the cords melting or charring, the U.S. Consumer Product Safety Commission said on Tuesday.
Ann Taylor parent taps JPMorgan to weigh potential sale: sources
NEW YORK (Reuters) – Ann Inc has hired JPMorgan Chase & Co to explore strategic alternatives, including a potential sale of the women’s retailer, according to people familiar with the matter.
