Morgan Stanley names Bowles as lead director, replaces Kidder
NEW YORK (Reuters) – Morgan Stanley on Tuesday named Erskine Bowles, a prominent Democrat and investor, as independent lead director of its board of directors, replacing C. Robert Kidder.
Consumers, trade seen boosting fourth-quarter growth
WASHINGTON (Reuters) – Rising household spending and exports likely pushed the U.S. economy ahead at a decent clip in the fourth quarter, building a foundation for stronger growth this year.
As Apple shares fall, Icahn buys another $500 million
(Reuters) – Hedge fund billionaire Carl Icahn said he bought another half a billion dollars’ worth of Apple Inc stock on Tuesday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter.
Daimler hit by surprise departure of Mercedes executive
BERLIN (Reuters) – German carmaker Daimler is grappling with the surprise resignation on Tuesday of long-standing executive board member Andreas Renschler who had been rumored as a potential candidate to succeed Chief Executive Dieter Zetsche.
Vodafone, Verizon investors back $130 billion Verizon Wireless deal
LONDON/NEW YORK (Reuters) – Shareholders of both Vodafone and Verizon Communications Inc approved Verizon’s $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history.
American Airlines profit beats estimates; shares rise
(Reuters) – American Airlines Group Inc , the world’s biggest carrier following a merger with US Airways last year, reported better-than-expected adjusted profit and revenue as fares climbed and fuel costs fell, sending its shares up more than 4 percen…
Top tax haven got more investment in 2013 than India and Brazil: U.N
GENEVA (Reuters) – The British Virgin Islands got more foreign direct investment last year than the major emerging economies of India and Brazil combined, a United Nations survey said on Tuesday.
Apple shares fall after muted iPhone sales
(Reuters) – Apple Inc needs a cheaper iPhone to keep pace with low-cost rivals, analysts said, after the company’s smartphone sales fell short of lofty expectations in the holiday shopping season.
Ex-BP well managers must face Gulf spill criminal charges
(Reuters) – Two former BP Plc well site managers have failed to win the dismissal of involuntary manslaughter charges over their roles in the 2010 Gulf of Mexico oil drilling disaster, which killed 11 people.
Ford posts higher profit but faces pressure in U.S.
DEARBORN, Michigan (Reuters) – Ford Motor Co reported higher-than-expected quarterly results on Tuesday as earnings in its core North American market fell less steeply than Wall Street expected, but declining vehicle prices there raised concerns about …
