HP executives held in Pakistan tax probe: WSJ
(Reuters) – Two executives of the Pakistani arm of computer giant Hewlett-Packard Co were arrested by local officials in Karachi on Friday on suspicion of corporate tax evasion, the Wall Street Journal reported.
Mozilla CEO’s exit tests Silicon Valley’s tolerance
SAN FRANCISCO (Reuters) – Tech workers in Silicon Valley debated on Friday whether Mozilla CEO Brendan Eich got the comeuppance he deserved or was himself a victim of intolerance when he resigned under pressure this week amid outrage over his oppositio…
Momentum names may see more pain
NEW YORK (Reuters) – After their worst week in several years, high-flying stocks that defied gravity throughout 2013 look like they’re in for more punishment. The reason: Despite the plunge, they still look overvalued.
Ergen seeks permission to sue Falcon in LightSquared case
(Reuters) – Dish Network Corp Chairman Charles Ergen, the largest creditor of bankrupt wireless company LightSquared, is seeking permission to sue Phil Falcone, the investor whose Harbinger Capital fund controls LightSquared.
Boeing, GE say get U.S. license to sell spare parts to Iran
WASHINGTON/PARIS (Reuters) – Boeing Co , the world’s biggest airplane maker, and engine maker General Electric Co said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran …
GE says U.S. approved overhaul of 18 aircraft engines for Iran
WASHINGTON (Reuters) – General Electric Co on Friday said it had received permission from the U.S. government to overhaul 18 engines sold to Iran in the late 1970s under a temporary sanctions relief deal reached in January.
Momentum stocks sink; Nasdaq posts worst day since February
NEW YORK (Reuters) – Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall.
Onex, CPPIB to sell Gates Corp to Blackstone for $5.4 billion
(Reuters) – Canadian private equity firm Onex Corp and Canada Pension Plan Investment Board (CPPIB) said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.
U.S. jobs market shakes off winter’s icy grip
WASHINGTON (Reuters) – U.S. employers hired at a brisk pace last month and ramped up the hours their workers put in on the job, the strongest signals yet the economy was breaking free of its winter doldrums.
U.S. judge refrains from making GM ‘park’ recalled cars
CORPUS CHRISTI, Texas (Reuters) – A U.S. federal judge refrained on Friday from issuing an emergency order that would have parked millions of General Motors Co cars recalled for defective ignition switches linked to at least 13 deaths.
