Juniper’s revenue rises as telecom clients ramp up networks
(Reuters) – Network gear maker Juniper Networks Inc reported a higher-than-expected 10 percent rise in quarterly revenue as U.S. telecom carriers spent more to ramp up their networks to manage increasing data traffic on smartphones and tablets.
Damages phase of BP Gulf spill trial set for January
HOUSTON (Reuters) – The high-stakes penalty phase of BP’s trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line.
Citigroup’s leaders say company needs to simplify itself
ST. LOUIS (Reuters) – The two men at the top of Citigroup Inc , the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.
Goldman buys Westpeak in drive for ‘smart beta’ assets
NEW YORK (Reuters) – Goldman Sachs Group Inc’s asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments.
Yum Brands’ China restaurant sales improve, shares rise
(Reuters) – KFC parent Yum Brands Inc on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent as it recovers from an avian flu outbreak and a food safety scare that pummeled demand for chicken last year.
China is a driver, not a drag, for U.S. earnings in first quarter
NEW YORK (Reuters) – Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world’s second-largest economy was a driving force for U.S. company profits in the last quarter.
Earnings, healthcare give Wall Street sixth straight gain
NEW YORK (Reuters) – U.S. stocks rose on Tuesday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixth straight advance.
Exclusive: CIBC, buyout firms circle Russell Investments – sources
NEW YORK/TORONTO (Reuters) – Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, according to several people familiar with the …
Valeant, Ackman offer to buy Botox maker Allergan for $47 billion
(Reuters) – Canada’s Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world’s five biggest drug companies…
Starbucks to open La Boulange location in Los Angeles
LOS ANGELES (Reuters) – Starbucks Corp is planning to open a La Boulange location in Los Angeles, marking the first opening outside of San Francisco, the coffee chain said on Thursday.
