Volkswagen mulls raising stake in truck maker Scania: WSJ
FRANKFURT (Reuters) – Volkswagen is considering raising its stake in Swedish truck maker Scania , the Wall Street Journal’s website reported late on Tuesday, citing financial sources.
JPMorgan to pay $1.45 million to settle sex-based harassment suit
(Reuters) – JPMorgan Chase & Co will pay $1.45 million to settle a government lawsuit that charged the company maintained a sexually hostile environment for women in an Ohio mortgage center more than four years ago.
Pimco Total Return posts $3.5 billion outflow in January: Morningstar
NEW YORK (Reuters) – Investors pulled $3.5 billion from Pimco’s Total Return Fund in January, Morningstar data showed on Tuesday, the ninth straight month of outflows from the world’s biggest bond fund which is run by Bill Gross.
RadioShack to close about 500 stores: WSJ
NEW YORK (Reuters) – U.S. electronics chain RadioShack Corp is planning to close about 500 stores within months, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Time Inc CEO restructures ahead of spin-off; layoffs ahead
NEW YORK (Reuters) – Time Inc Chief Executive Officer Joe Ripp is reorganizing the structure of the world’s largest magazine publisher and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to …
Exclusive: U.S. opens taps, a bit, on re-exporting oil to Europe
NEW YORK (Reuters) – The U.S. government has authorized limited re-exports of foreign crude to Europe, for the first time in years, raising new questions about how companies are testing the limits of controversial, decades-old export constraints.
Apple, U.S. clash in court over e-books antitrust monitor
NEW YORK (Reuters) – Apple Inc urged a federal appeals court on Tuesday to put a court-appointed antitrust monitor on hold, arguing that his efforts were harming the company’s business.
Investment needed to ease Mideast port congestion: Cargill
ABU DHABI (Reuters) – U.S. agribusiness giant Cargill Inc. sees a pressing need for more investment to relieve port congestion in the Middle East and North Africa to ease delays that make governments pay more for imported food.
Two GM directors to leave board later this year
DETROIT (Reuters) – General Motors Co said on Tuesday that two of its outside directors will leave the U.S. automaker’s board later this year.
HP says Autonomy inflated 2010 profits by 81 percent: filing
LONDON (Reuters) – Hewlett Packard said Autonomy, the software firm it bought in 2011, overstated profits at one of its main British units by 81 percent in the year before it was sold in Britain’s biggest ever technology deal.
