Target says criminals attacked with credentials stolen from vendor
BOSTON (Reuters) – Target Corp said on Wednesday that the cyber criminals who breached its system used credentials they stole from one of the retailer’s vendors.
Exclusive: Lufthansa to begin Airbus A380 flights to India in 2014
NEW YORK (Reuters) – The head of Lufthansa said the German airline plans to begin flying Airbus A380 superjumbo jets on routes to India later this year.
Lenovo to buy Google’s Motorola in China’s largest tech deal
NEW YORK/SAN FRANCISCO (Reuters) – Lenovo Group said on Wednesday it agreed to buy Google Inc’s Motorola handset division for $2.91 billion, in what is China’s largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market…
Starbucks strengthens technology brew with executive shift
LOS ANGELES (Reuters) – Starbucks Corp Chief Executive Officer Howard Schultz on Wednesday said he was promoting Chief Financial Officer Troy Alstead to the new position of chief operating officer, allowing Schultz to focus on keeping the coffee shop c…
Wall Street sells off after Fed sticks with stimulus cuts
NEW YORK (Reuters) – U.S. stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.
WR Grace’s bankruptcy exit financing deal gets court approval
(Reuters) – Chemical maker W.R. Grace & Co received approval to line up about $1.55 billion in bankruptcy exit financing, a court filing showed on Tuesday.
Qualcomm posts higher first-quarter revenue, says year on track
SAN FRANCISCO (Reuters) – Leading mobile chipmaker Qualcomm Inc posted higher fiscal first-quarter revenue that slightly missed expectations as smartphone growth shifted to China but it bumped up its full-year earnings outlook on the strong start to 20…
Pimco appoints four more deputy CIOs after El-Erian quits
NEW YORK (Reuters) – Pimco on Wednesday promoted another four of its top investment managers into more strategic roles, expanding the pool of potential successors to the fund management firm’s co-founder and star bond picker Bill Gross following the su…
Chrysler sets price guidance on $2 billion refinancing loan
NEW YORK (Reuters) – Chrysler Group LLC set pricing guidance on a $2 billion term loan as part of a $4.7 billion refinancing of the company’s VEBA Trust note, sources said.
Ericsson CEO Vestberg tells board he plans to stay: Bloomberg
STOCKHOLM (Reuters) – Ericsson CEO Hans Vestberg has told directors he has no plans to step down from the company following a report he is among candidates to take over from Microsoft Corp’s Steve Ballmer, Bloomberg reported on Wednesday.
