IBM software sales weaker than expected in second quarter
WASHINGTON (Reuters) – International Business Machines Corp’s software business grew less than expected in the second quarter, sparking a selloff in the company’s stock on Thursday, even as its revenue beat forecasts.
House committees demand info from Ex-Im bank
WASHINGTON (Reuters) – House of Representatives committees demanded extensive information from the Export-Import Bank on Thursday, including communications on reported allegations of kickbacks there, as Congress grapples with whether to reauthorize the…
FedEx faces U.S. criminal charges over online pharmacies
SAN FRANCISCO (Reuters) – FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing.
Wall St. slides on Malaysian airliner crash news
NEW YORK (Reuters) – U.S. stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border.
RBS winding down distressed debt unit, sources say: Bloomberg
(Reuters) – State-backed Royal Bank of Scotland Group Plc is shuttering a distressed-debt unit as it continues to shrink its investment bank, Bloomberg reported, citing three people familiar with the matter.
Apple appoints BlackRock founding partner to board
(Reuters) – Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board.
Exclusive: SEC targets 10 firms in high frequency trading probe – SEC document
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by …
JPMorgan’s CEO gets $36 million of options delayed due to London Whale loss
NEW YORK (Reuters) – JPMorgan Chase & Co said on Thursday that its board of directors allowed $36 million of options previously awarded to Chairman and Chief Executive Officer Jamie Dimon to vest.
Google’s business chief departs for SoftBank in latest leadership change
SAN FRANCISCO (Reuters) – Google Inc’s chief business officer, one of Chief Executive Officer Larry Page’s key lieutenants and the company’s main liaison to Wall Street, is leaving the Internet search company, the latest high-ranking executive to depar…
HP appoints CEO Whitman chairman, expands board
SAN FRANCISCO (Reuters) – Hewlett-Packard Co appointed Chief Executive Officer Meg Whitman its chairman on Thursday and enlisted Alcoa CEO Klaus Kleinfeld as an independent director, adding a 12th member to its board.
