Exclusive: Ex-Chesapeake CEO near deal for Enduring Resources – sources
(Reuters) – Former Chesapeake Energy Corp CEO Aubrey McClendon is leading an investor group set to buy Enduring Resources LLC in a deal that could value the oil and natural gas producer at more than $2 billion, people familiar with the matter said on F…
Dow ends at record high; Apple drags on S&P 500, Nasdaq
NEW YORK (Reuters) – The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market.
Former e-commerce exec pleads guilty in eBay insider case
(Reuters) – A former executive at an e-commerce company that was acquired in 2011 by online retailer eBay Inc pleaded guilty on Friday to insider trading in connection with the takeover.
Alcatel focused on revamp, CEO says of Nokia tie-up talk
PARIS (Reuters) – Alcatel Lucent is focused on its cost saving and repositioning plan and not on industry consolidation, its chief executive said in a newspaper interview after rumors this week of a tie-up with Finland’s Nokia.
Oracle wins copyright ruling against Google over Android
SAN FRANCISCO/WASHINGTON (Reuters) – Oracle Corp won a legal victory against Google Inc on Friday as a U.S. appeals court decided Oracle could copyright parts of the Java programming language, which Google used to design its Android smartphone operatin…
Global business tax clamp-down could sting U.S.: IRS official
WASHINGTON (Reuters) – Tighter enforcement of corporate tax laws by other countries could be a problem for the United States if it means businesses pay more tax to foreign governments and cross-border disputes increase, a senior U.S. tax official said …
Chrysler recalls 780,477 minivans for possible overheating switch
DETROIT (Reuters) – Fiat Chrysler Automobiles’ Chrysler unit said on Friday it was recalling an estimated 780,477 minivans after reports of overheating, including some fires, in third-row power window vent switches.
U.S. judge says Wal-Mart should face lawsuit over alleged Mexico bribery
(Reuters) – A U.S. judge said Wal-Mart Stores Inc does not deserve dismissal of a lawsuit claiming it defrauded shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged…
Eli Lilly and Italian firm fined $450 million for poisoning in Brazil
SAO PAULO (Reuters) – A judge in Brazil fined Eli Lilly and a unit of Italy’s ACS Dobfar 1 billion reais ($450 million) and ordered a chemical plant temporarily closed for poisoning workers, Brazilian federal labor prosecutors said on Friday.
U.S. Postal Service loss hits $1.9 billion; package volume up
WASHINGTON (Reuters) – The United States Postal Service ended its second quarter with a net loss of $1.9 billion as first-class mail volume continued to tumble and lawmakers remained at odds over providing any financial relief, the agency said on Frida…
