Investor group calls for protest vote over all-male Glencore board
(Reuters) – A group of British public sector pension funds has asked its members to oppose the appointment of Tony Hayward as chairman of Glencore Xstrata in protest at the company’s failure to set targets for female representation on its board.
Ergen says Dish Network cannot afford to bid for DirecTV
(Reuters) – Dish Network Corp Chairman Charlie Ergen said the satellite TV company would not make a move for competitor DirecTV because the price would be too high, even though a combination of the two companies would have high synergies.
Snapchat settles with FTC, faces 20 years privacy oversight
SAN FRANCISCO (Reuters) – Messaging startup Snapchat has settled charges with U.S. regulators accusing it of deceiving consumers by promising that photos sent on its service disappeared forever after a certain period of time.
Asia success still long shot for ambitious Fiat Chrysler
DETROIT (Reuters) – If Fiat Chrysler Automobiles wants to become a significant force in Asia, it needs to succeed in China. But its track record so far in the world’s largest automobile market raises doubts about its ability to deliver on growth promis…
Barclays axes 19,000 jobs, reins in Wall Street ambitions
LONDON (Reuters) – Britain’s Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail roots with a plan to hive off much of its investment bank and ax one in four jobs at the division.
Exclusive: Barnes & Noble seeks big expansion of its college stores
NEW BRUNSWICK, New Jersey (Reuters) – Barnes & Noble Inc is turning to its college roots to boost its top line.
Wiretap claims fail against Facebook, Zynga in disclosure lawsuit
SAN FRANCISCO (Reuters) – A U.S. appeals court on Thursday dismissed federal wiretap claims against Facebook Inc and Zynga Inc in a civil lawsuit over disclosure of user information to advertisers.
Boeing says no funding gap for aircraft, reassures on output
LONDON (Reuters) – Financiers are increasing their exposure to the aircraft industry, allowing airplane buyers to meet demand for funding to support record aircraft production, aircraft maker Boeing said on Thursday.
Draghi, worried by strong euro, says ECB poised to act as soon as June
BRUSSELS (Reuters) – The European Central Bank is ready to take action next month to boost the euro zone economy if updated inflation forecasts merit it, its president said on Thursday, warning outsiders not to pressure the bank into action.
Drop in jobless claims signals firmer labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, indicating the labor market was strengthening despite a run-up in applications in prior weeks.
