IBM to spend $1.2 billion to expand cloud services
(Reuters) – IBM Corp said it will invest more than $1.2 billion to build up to 15 new data centers across five continents to expand its cloud services and reach new clients and markets.
Analysis: Wal-Mart case seen a key test in struggle over labor rights
NEW YORK/WASHINGTON (Reuters) – A challenge by the U.S. National Labor Relations Board (NLRB) to Wal-Mart Stores Inc’s treatment of striking workers is likely to become a critical symbol of labor unions’ attempts to organize the many non-union workplac…
China’s Nu Skin probe may help Ackman’s Herbalife bet
BOSTON (Reuters) – Herbalife Ltd shares tumbled nearly 10 percent on Thursday as investors grew concerned about the possible fallout from a regulatory probe in China into Nu Skin, which has a similar business model to the nutrition and weight loss comp…
Morgan Stanley promotes 153 employees to managing director: WSJ
(Reuters) – Morgan Stanley promoted 153 employees to the title of managing director on Thursday, an increase from the 144 that were elevated to the position last year, the Wall Street Journal reported, citing a company spokesman.
Senate approves U.S. budget bill, ends shutdown threat
WASHINGTON (Reuters) – Washington’s battles over government funding ended with a whimper on Thursday as the U.S. Senate approved a $1.1 trillion spending bill that quells for nearly nine months the threat of another federal agency shutdown.
Bond trading stings Goldman, Citi in fourth quarter
(Reuters) – Goldman Sachs Group Inc and Citigroup Inc suffered a steep drop in bond trading revenue in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets.
U.S. judge rejects deal to end Detroit rate swap accords
DETROIT (Reuters) – A U.S. bankruptcy judge on Thursday rejected a deal allowing Detroit to end interest-rate swap agreements with two investment banks, a move that puts pressure on banks for more concessions while throwing a wrench into the city’s pla…
American Express says exposure to Target breach ‘minimal’
(Reuters) – Credit card company American Express Co , which reported strong quarterly results on Thursday, said it had seen ‘minimal exposure’ to the data breach at Target Corp stores during the U.S. holiday shopping season.
Senate approves $1.1 trillion bill to end government funding battle
WASHINGTON (Reuters) – Washington’s battles over government funding ended with a whimper on Thursday as the U.S. Senate approved a $1.1 trillion spending bill that quells for nearly nine months the threat of another federal agency shutdown.
Dow, S&P 500 dip after bond trading bites bank profits
NEW YORK (Reuters) – The Dow and S&P 500 slipped on Thursday, with the S&P retreating from the previous session’s record high, after earnings from Goldman Sachs and other banks disappointed investors.
