Apple, Google agree to settle lawsuit alleging hiring conspiracy
SAN FRANCISCO (Reuters) – Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin.
Ackman to pay Herbalife whistleblowers’ legal fees, not lost pay
BOSTON (Reuters) – Activist investor William Ackman, who is betting more than $1 billion that Herbalife is a pyramid scheme, will cover legal fees and damages for whistleblowers who have spoken out against the company, but not lost wages if they lose t…
Alstom shares jump on report of $13 billion GE bid
PARIS (Reuters) – Shares of Alstom jumped 10.9 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.
Trend-setter Apple’s stock split could bring out the copycats
NEW YORK (Reuters) – Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street.
Google social networking boss Gundotra leaving company
SAN FRANCISCO (Reuters) – Google Inc’s head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network.
April U.S. auto sales to rise 8.5 percent: J.D. Power, LMC
DETROIT (Reuters) – U.S. auto sales will rise 8.5 percent in April from a year ago as spring weather entices consumers to look at new products, industry research firms J.D. Power and LMC Automotive said on Thursday.
GM posts lower profit after recall; outlook for rest of year trimmed
DETROIT (Reuters) – General Motors Co’s first-quarter profit tumbled 88 percent on Thursday due to the massive recall for defective ignition switches, and shares fell 1.3 percent after the company said expectations for the rest of the year must be trim…
American, Southwest beat forecasts, JetBlue disappoints
(Reuters) – American Airlines Group and Southwest Airlines posted profits that beat forecasts in the first quarter, even though harsh winter weather prompted many flight cancellations in the seasonally weak period.
Nasdaq seeks upside from markets debate as profits rise
(Reuters) – Author Michael Lewis’ claim that the U.S. stock market is rigged was “irresponsible,” but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group , which reported higher earnings on Th…
Nasdaq not yet subpoenaed in N.Y. high frequency trading probe: CEO
NEW YORK (Reuters) – Nasdaq OMX Group Inc has not to date received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wall Street, Nasdaq Chief Executive Officer Robert Grei…
