Icahn gives up Apple buyback plan after ISS urges ‘no’ vote
(Reuters) – Billionaire activist investor Carl Icahn has backed off from his campaign urging Apple Inc to increase its stock buybacks, citing the company’s recent repurchases as well as an influential proxy adviser’s call against his proposal.
Wall St. closes slightly up; investors look to Yellen
NEW YORK (Reuters) – Stocks ended with modest gains on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen’s first testimony before lawmakers.
Apple loses latest bid to block e-books antitrust monitor
NEW YORK (Reuters) – Apple Inc on Monday lost its latest bid to put a court-appointed antitrust monitor on hold, after a federal appeals court rejected its argument that the monitor’s work was causing it irreparable harm.
Better Markets sues Justice Department over JPMorgan deal
WASHINGTON (Reuters) – The non-profit group Better Markets filed a lawsuit against the Justice Department on Monday to block what it called an “unlawful” $13 billion settlement with JPMorgan Chase & Co over bad mortgage loans sold to investors before the financial crisis.
Bitcoin plunges after marketplace indefinitely halts withdrawals
NEW YORK (Reuters) – The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it dete…
FireEye takes on Cisco, Palo Alto with new cyber product
(Reuters) – Cybersecurity firm FireEye Inc plans to take on Cisco Systems Inc and Palo Alto Networks Inc in selling intrusion prevention systems, which help companies detect cyber threats that breach their firewalls.
Charter to name nominees for Time Warner Cable board as soon as Tuesday: source
(Reuters) – Charter Communications is planning to announce 13 nominees to Time Warner Cable Inc’s board as soon as Tuesday, setting the stage for a proxy fight with the larger cable operator, according to a person familiar with the matter.
After two-year pause, Hyundai Motor poised to add new capacity
SEOUL/BEIJING (Reuters) – Two years ago, Hyundai Motor Co’s 75-year-old chairman Chung Mong-koo called a halt to capacity expansion, worried the South Korean group risked running into the kind of quality issues that dogged Japanese rival Toyota Motor C…
Southwest looks to grow where rivals downsize
(Reuters) – Southwest Airlines is looking for opportunities to add service in markets where other merged carriers have scaled back, the budget carrier’s Chairman and Chief Executive Gary Kelly said on Monday.
Vodafone may have $30 billion-$40 billion acquisition capacity: CEO
NEW YORK (Reuters) – Vodafone Group Plc could have the capacity to spend $30 billion to $40 billion on acquisitions in coming years and no deal should be too big if it makes strategic sense, Chief Executive Vittorio Colao said on Monday.
