Yahoo amends deal with Alibaba, misses Wall St. revenue target
SAN FRANCISCO (Reuters) – Yahoo Inc will pay investors at least half the proceeds from its Alibaba share sale when the Chinese Internet retailer goes public, and retain a larger stake than expected, helping to offset the U.S. company’s disappointing re…
IBM to offer iPads and iPhones for business users
WASHINGTON (Reuters) – International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday.
U.S. court revives BP retirement-plan suit filed after oil spill
(Reuters) – A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.
Europe’s leaders meet to chose candidates for top EU jobs
BRUSSELS (Reuters) – European Union leaders meet on Wednesday to pick the bloc’s new foreign policy chief after choosing Jean-Claude Juncker to head the executive European Commission, but it may take some weeks before other top EU jobs are finally carv…
Ex-Ford chief Mulally joins Google’s board
SAN FRANCISCO (Reuters) – Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving car and tries to get its software into more automobil…
U.S. lifts F-35 grounding but skips British air show
FARNBOROUGH England (Reuters) – U.S. military officials have approved limited flights of Lockheed Martin’s F-35 fighter jets after a nearly month-long grounding, but scrapped plans for the new U.S. warplane’s much-anticipated international debut in Bri…
Senate’s Reid looks for way to reauthorize Ex-Im bank
WASHINGTON (Reuters) – Senate Democrats sought to rescue the U.S. Export-Import Bank on Tuesday, insisting it would save American jobs.
The biggest challenge for BRICS success? Big brother China
FORTALEZA Brazil (Reuters) – In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.
Hershey increases prices as costs rise
(Reuters) – Hershey Co, the No. 1 candy producer in the United States, said it would increase prices of its instant consumable, multi-pack, packaged candy and grocery lines by 8 percent to tackle rising commodity costs.
Buffett donates $2.8 billion to Gates, family charities
(Reuters) – Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire’s plan to give away nearly all of his wealth.
