Apparel retailer American Eagle CEO to leave in surprise move
(Reuters) – American Eagle Outfitters Inc’s said its chief executive of two years, Robert Hanson, would leave the company in a surprising move at a time when U.S. teen apparel retailers are struggling to attract shoppers and boost sales.
VW’s labor chief says U.S. operations a ‘disaster’
WOLFSBURG, Germany (Reuters) – Volkswagen AG’s top labor representative has dubbed the carmaker’s U.S. operations a “disaster” and called for more models and swift decisions to revive the German group’s declining fortunes in the world’s second-largest …
Cargill settles U.S. charges of hiring bias, denies discrimination
(Reuters) – A unit of Cargill Inc, one of the world’s largest privately held companies, has agreed to pay $2.24 million to nearly 3,000 rejected job applicants to settle U.S. Department of Labor charges of hiring discrimination based on race and gender…
Icahn wants eBay to spin off Paypal; eBay balks
(Reuters) – Activist investor Carl Icahn has taken a stake in Ebay Inc and is proposing a spin-off of the company’s fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle.
Fidelity asset head O’Hanley to step down after cautious reign
BOSTON (Reuters) – Fidelity Investments’ asset management head, Ron O’Hanley, will leave the company at the end of February, executives said on Wednesday, after a cautious stint running a key unit of the family-controlled business coming out of the fin…
Pimco’s Gross to name more deputies after El-Erian exit -Bloomberg
NEW YORK (Reuters) – Bill Gross, co-founder and co-chief investment officer of bond giant Pimco, said the firm plans to appoint more deputy investment managers in the coming weeks after the departure of Chief Executive Mohamed El-Erian, Bloomberg repor…
Icahn blasts Apple again, boosts position to $3 billion
SAN FRANCISCO (Reuters) – Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, and tweeted that he had bought $500 million more shares in the company in just the past two weeks, bringing his investment in the iPhone maker to ov…
Memory chipmaker SanDisk’s fourth-quarter profit, revenue beat Street
SAN FRANCISCO (Reuters) – Memory chipmaker SanDisk said on Wednesday its fourth-quarter profit and revenue exceeded expectations as the adoption of solid-state drives helped boost demand for its chips.
Most JPMorgan employees get no raise as legal bills mount -source
NEW YORK (Reuters) – JPMorgan Chase & Co is telling employees this week about their 2013 bonuses, and most workers are not getting pay increases for the year thanks to the bank’s massive legal bills, a person familiar with the matter said.
Most minicars fail new crash test; Fiat 500, Honda Fit worst
DETROIT (Reuters) – Subcompact cars including the Fiat 500 and Honda Fit performed the worst of any vehicle segment so far in a tough new test that assesses what happens when the front corner of a vehicle hits another car, a utility pole or tree.
