Valeant says improved bid for Allergan won’t be all-cash
LAVAL, QUEBEC (Reuters) – Canada’s Valeant Pharmaceuticals International said on Tuesday it will not make an all-cash bid for drugmaker Allergan Inc as many had expected last week when the company said it would improve its cash and stock offer for the …
Exclusive: Facebook to expand video ads to seven countries outside U.S.
SAN FRANCISCO (Reuters) – Facebook Inc is expanding its new video advertising service, allowing marketers to show the television-like spots to users of the social network in Britain, Brazil and five other countries, the company told Reuters.
JPMorgan Chase shareholders back directors, executive pay
TAMPA, Florida (Reuters) – JPMorgan Chase & Co shareholders voted overwhelmingly on Tuesday to elect all of the company’s directors and also endorsed its compensation to executives in 2013.
Home Depot says May sales ‘robust’ on post-winter demand
(Reuters) – Home Depot Inc , the world’s largest home improvement chain, said its sales were “robust” in May and that it expected to realize in the current quarter most of the sales lost in the first quarter due to a severe winter in the United States….
How Credit Suisse got a stiffer penalty than UBS
WASHINGTON/NEW YORK (Reuters) – U.S. prosecutors first raised the specter of a criminal plea by Credit Suisse Group AG more than two years after starting an investigation into whether the Swiss bank had helped wealthy Americans evade taxes.
Staples forecasts fall in sales, shares drop
(Reuters) – Staples Inc forecast a fall in sales in the current quarter as customers shift to e-retailers, mass merchants and drugstores to buy their office supplies.
Toyota develops chips for hybrid cars to boost fuel efficiency
TOKYO (Reuters) – Toyota Motor Corp has developed a computer chip for its gas-electric hybrid cars that could boost fuel efficiency by 10 percent and allow the automaker to install the hybrid system on more of its vehicles.
‘No smoking gun’ in UK hacking case against Brooks, court told
LONDON (Reuters) – The phone-hacking trial of Rupert Murdoch’s former British newspaper boss Rebekah Brooks was told on Tuesday there was no “smoking gun” evidence to prove she knew about illegal interception of celebrities’ voicemail messages.
EU Commission charges HSBC, JPMorgan, Credit Agricole with rigging
BRUSSELS (Reuters) – European Union antitrust regulators charged Europe’s biggest bank HSBC, U.S. peer JPMorgan and France’s Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines.
Euro shares, peripheral bonds feel election pressure
LONDON (Reuters) – European shares and peripheral bonds buckled for a second day running on Tuesday, as political angst offset optimism over fresh support from the ECB.
