Time Warner prepares to offer buyouts at Turner cable division
(Reuters) – Time Warner Inc’s Turner cable division is preparing to offer buyouts targeting 500 to 600 staffers, or roughly 4 percent of its workforce, according to a person familiar with the company.
Investors cheer Burger King-Tim Hortons ‘combo deal’
TORONTO (Reuters) – Investors in Burger King Worldwide Inc and Tim Hortons Inc applauded news of a potential merger between the two fast food chains, seeing both tax savings and strategic rationale for a combination.
U.S. judge questions shareholder settlement with HP over Autonomy
SAN FRANCISCO (Reuters) – A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett-Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant’s botched acquisition of Autonomy Plc.
U.S. confident its $5 billion S&P lawsuit was not retaliation
(Reuters) – The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed in retaliation for a downgrade of the country’s debt.
S&P 500 sets record high but fails to hold 2,000 mark
NEW YORK (Reuters) – The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks.
Exclusive: Lonmin CEO denies job cuts plan, says focus is on ramp up
JOHANNESBURG/LONDON (Reuters) – The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike.
HP to sue Deloitte unit over Autonomy merger: lawyer
SAN FRANCISCO (Reuters) – Hewlett-Packard plans to sue the British unit of Deloitte over its role in auditing Autonomy Plc, the software company HP acquired but later accused of inflating financial figures, a lawyer for the U.S. company said in court o…
New home sales fall, but U.S. economy stays on solid ground
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead.
U.S. judge casts doubt on HP-shareholder settlement in Autonomy lawsuit
SAN FRANCISCO (Reuters) – A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant’s botched acquisition of Autonomy Plc.
Roche to buy U.S. biotech firm InterMune for $8.3 billion
LONDON/ZURICH (Reuters) – Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, helping the world’s leading maker of cancer drugs expand into the treatment of rare or incurable diseases.
