Intel takes ‘significant’ stake in Big Data startup Cloudera
SAN FRANCISCO (Reuters) – Intel Corp said on Thursday it made a significant investment in Cloudera and will make the fast-growing startup its preferred distributor of software for crunching Big Data.
Pernod warns China could stay weak until 2015
PARIS (Reuters) – French drinks group Pernod Ricard expects its underlying operating profit in Asia to decline this fiscal year, warning that demand in China could remain sluggish until 2015.
U.S. economy shows some muscle, housing still weak
WASHINGTON (Reuters) – The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winte…
Did Osborne apply pressure in Lloyds branches sale, UK lawmakers ask
LONDON (Reuters) – Britain’s parliamentary treasury committee has asked finance minister George Osborne whether he or colleagues put undue pressure on Co-operative Group or Lloyds Banking Group over the sale of more than 600 Lloyds branches.
JPMorgan defeats appeal in U.S. silver price-fixing lawsuit
NEW YORK (Reuters) – Silver investors failed to show that JPMorgan Chase & Co conspired to drive down the metal’s price, and an antitrust lawsuit accusing the largest U.S. bank of price-fixing should be dismissed, a federal appeals court ruled.
Lehman payout tops $80 billion, creditors get another $17.9 billion
NEW YORK (Reuters) – Lehman Brothers Holdings Inc plans next week to distribute about $17.9 billion to creditors, boosting its total payout to roughly $80.4 billion since it left its record bankruptcy, which helped trigger the global financial crisis.
U.S. government to sell most of Ally Financial stake in IPO
(Reuters) – Bailed-out auto lender Ally Financial Inc said the U.S. government would sell the bulk of its stake in the company in an initial public offering that could raise up to $2.66 billion.
Accenture says consulting business to remain weak
(Reuters) – Accenture Plc warned that weakness in its consulting business that hurt second-quarter results would carry on though the year, sending its shares down as much as 8 percent.
Yahoo Japan buys SoftBank’s eAccess for new mobile service
TOKYO (Reuters) – Yahoo Japan Corp will buy mobile network operator eAccess from No. 3 Japanese wireless carrier SoftBank Corp for 324 billion yen ($3.17 billion) to launch its own mobile Internet service.
Fed stress test upset weighs on sale of RBS unit in U.S.
LONDON (Reuters) – Royal Bank of Scotland’s separation and flotation of its U.S. business Citizens could be delayed after it was one of three foreign banks which had their plans for dealing with a financial crisis rejected by the U.S. Federal Reserve.
