Mexico Cemex to meet this week on new leader after CEO’s death
MONTERREY (Reuters) – The board of Mexico’s Cemex , one of the world’s leading cement makers, will meet this week to discuss management succession and direction after the sudden death of Chief Executive Officer Lorenzo Zambrano, a top company official …
Cisco’s strong U.S. sales, popular Nexus product raise revenue
NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc posted a shallower-than-expected 5.5 percent drop in quarterly revenue, as recovering demand in regions like the United States and Northern Europe helped offset sluggish sales in emerging m…
Google gets take-down requests after European court ruling: source
SAN FRANCISCO (Reuters) – Google Inc is already getting requests to remove objectionable personal information from its search engine after Europe’s top court ruled that subjects have the “right to be forgotten,” a source familiar with the matter said o…
Wall St. ends lower after recent highs; small caps raise concern
NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged.
France issues law to block foreign takeovers of strategic firms
PARIS (Reuters) – The French government has issued a decree allowing it to block any foreign takeovers of French companies in “strategic” industries, throwing up a potential roadblock to General Electric’s planned $16.9 billion bid for Alstom’s energy …
New York Times unexpectedly replaces top editor Abramson
NEW YORK (Reuters) – The New York Times Co on Wednesday abruptly ousted the newspaper’s top editor, Jill Abramson, after less than three years in the job and named managing editor Dean Baquet to replace her.
Lloyds Bank braced for questions over chief executive’s pay
EDINBURGH (Reuters) – State-backed Lloyds Banking Group is braced for tough questions from shareholders at its annual meeting on Thursday over a 7.8 million pound ($13.1 million) pay package handed to Chief Executive Antonio Horta-Osorio.
Allianz calls on Pimco to reverse investor flight
FRANKFURT (Reuters) – German insurer Allianz has called on its California-based asset manager, Pimco, to prove itself after investors withdrew a further 22 billion euros ($30 billion) in the first quarter, denting group earnings.
Wal-Mart settles with families over listeria-tainted cantaloupes
DENVER (Reuters) – Wal-Mart has settled lawsuits with the families of 23 people who died from a 2011 listeria outbreak traced to cantaloupe grown at a Colorado farm and sold by the retailer, both sides said on Wednesday.
Cisco’s revenue falls less-than-expected, shares up
NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc posted a lower-than-expected 5.5 percent decline in quarterly revenue, and the company’s shares gained in after-hours trading.
