Mexico telecoms reform could take years to unseat Slim
MEXICO CITY (Reuters) – Tycoon Carlos Slim, under fire from regulators in his home country, has spent the last two years sniffing out deals in Europe to offset an impending regulatory shake-up of Mexican telecoms.
IBM says it has not given client data to the U.S. government
NEW YORK (Reuters) – International Business Machines Corp has not relinquished its customers’ data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday.
Target warns data breach could be worse than reported so far
BOSTON/NEW YORK (Reuters) – Target Corp warned that last year’s massive security breach could have been more extensive than reported so far, leading to further losses at the No. 3 U.S. retailer.
Small roaster leads way on price hikes as coffee surges, Starbucks resists
NEW YORK (Reuters) – The biggest arabica coffee rally in two decades is beginning to force smaller-brand roasters to quietly raise wholesale prices, even as top names such as Starbucks Corp resist.
Delaware court upholds Perelman-M&F ruling, may alter buyouts
(Reuters) – Ronald Perelman’s buyout of a company he controlled was not subject to heightened court review because the billionaire acted as if he were an outside buyer, according to a Delaware Supreme Court ruling that could affect future insider deals…
Starbucks gives up exclusive license to high-end Keurig pods
(Reuters) – Starbucks Corp will get a wider selection of Keurig Green Mountain Inc’s single-serve K-Cup coffee packs, in exchange for giving up the exclusive license for Keurig’s highest-end coffee pods, the companies said on Friday.
Western banks cold-shoulder Iran trade finance scheme
LONDON/ANKARA (Reuters) – Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under U.S. sanctions, bankers and government official…
Outsider Patrick Drahi defies French establishment to win SFR
PARIS (Reuters) – When Franco-Israeli telecoms billionaire Patrick Drahi entered the race to acquire Vivendi’s SFR , his powerful rivals seemed to suddenly agree on a common goal: keeping him out.
Fed’s Fisher says U.S. housing on ‘sustainable rebound’
(Reuters) – The U.S. housing sector, whose rise and subsequent crash has made the recovery from the last recession the slowest in decades, now appears to be on a “sustainable rebound,” a top Federal Reserve official said.
Lockheed CEO Hewson earned $25.2 million in 2013
(Reuters) – Weapons maker Lockheed Martin Corp paid Chief Executive Marillyn Hewson $25.2 million in 2013, more than doubling her compensation in her first year in the job, according to a regulatory filing.
