Chesapeake shareholders approve big governance reforms
HOUSTON (Reuters) – Chesapeake Energy Corp shareholders on Friday approved a series of reforms that included the elimination of three-year terms for directors, deepening an overhaul that began in the months preceding the 2013 ouster of former Chief Exe…
Siemens and Mitsubishi finalize Alstom offer
MUNICH/PARIS (Reuters) – Germany’s Siemens and Japan’s Mitsubishi Heavy Industries are putting the finishing touches on a joint offer for Alstom’s turbine businesses that includes a cash element of roughly 9 billion euros ($12.25 billion), sources clos…
LinkedIn must face customer lawsuit over email addresses
(Reuters) – A federal judge said LinkedIn Corp must face a lawsuit by customers who claimed it violated their privacy by accessing their external email accounts, downloading their contacts’ email addresses and soliciting business from those contacts.
U.S. FCC chair recuses himself from AT&T IP transition trial review
WASHINGTON (Reuters) – U.S. Federal Communications Commission Chairman Tom Wheeler on Friday recused himself from the FCC’s review of AT&T Inc’s tests of a transition of networks to digital because of his past affiliation with participant EarthLink Holdings Corp.
U.S. producer prices fall, but inflation still seen firming
WASHINGTON (Reuters) – U.S. producer prices fell in May after two month of solid gains, but the decline was not enough to change perceptions that inflation pressures are steadily creeping up.
Priceline to buy OpenTable for $2.6 bln
(Reuters) – Travel website owner Priceline Group Inc will buy restaurant reservation website operator OpenTable Inc for $2.6 billion, aiming to broaden its offerings in an increasingly competitive online travel industry.
Recapitalizing Fannie, Freddie not viable: Treasury official
WASHINGTON (Reuters) – A senior U.S. Treasury official on Friday rejected calls to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would be on t…
Fiat Chrysler CEO confirms targets despite difficult Brazil
VENICE Italy (Reuters) – Fiat Chrysler Automobiles will meet its 2014 targets even though the Brazilian car market is set to remain difficult and Europe is showing no sign of improvement, Chief Executive Sergio Marchionne said on Friday.
OECD sees U.S. growth accelerating through 2015
WASHINGTON (Reuters) – The U.S. economic recovery should accelerate in coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fastest pace in a decade, the Organization for Economic Cooperation and…
U.S. consumer sentiment slips in June
NEW YORK (Reuters) – U.S. consumer sentiment fell in June as views by consumers with the lowest incomes soured, a survey released on Friday showed.
