American Eagle CEO steps down
(Reuters) – Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company, effective immediately.
Wall Street flat on earnings; IBM pressures Dow
NEW YORK (Reuters) – The S&P 500 closed flat on Wednesday as a mixed bag of corporate earnings failed to give investors the confidence to push equities higher with the index near record levels.
Target cuts 475 jobs in Minnesota offices
NEW YORK (Reuters) – Target Corp said on Wednesday that it is cutting 475 jobs at its headquarters and other offices in Minnesota and will not fill 700 open positions worldwide.
VMware to buy mobile security firm AirWatch for $1.54 billion
(Reuters) – Cloud software maker VMware Inc said it would buy privately held mobile security company AirWatch for $1.54 billion to tap into rising demand from companies to secure the smartphones and tablets used by employees.
UK lawmakers told no evidence RBS pushed firms into default
LONDON (Reuters) – The author of a report into state-backed Royal Bank of Scotland’s lending to small businesses said he found no evidence of the bank engineering companies into default.
Are financial markets safer? Davos crowd say yes, but more to do
(Reuters) – The financial system is safer than it was five years ago as banks have more capacity to withstand shocks, but more needs to be done to reduce risk, particularly in derivatives.
U.S. firms eye $2.43 billion Singapore F-16 order
WASHINGTON (Reuters) – The U.S. Defense Department has notified Congress that it had approved the sale to Singapore of upgrades for 60 F-16 fighter jets, setting off a potential competition for an order valued at $2.43 billion.
Madoff suffered heart attack last month: CNBC reports
NEW YORK (Reuters) – Convicted fraudster Bernard Madoff was hospitalized last month for a heart attack, CNBC reported on Wednesday.
Novartis to cut 500 jobs in shutting U.S. Diovan plant
ZURICH (Reuters) – Novartis plans to axe around 500 jobs in shutting a U.S. plant that makes its blood pressure pill Diovan, marking the second reorganization of its operations in as many days.
Megaprojects a megaheadache for oil bosses
DAVOS, Switzerland (Reuters) – Giant oil and gas extraction projects will be giving oil industry executives headaches to match for the years ahead as delays, cost overruns and increasing risks call for new strategies to manage them.
