Swiss court ruling outlines details of U.S. case against Baer
ZURICH (Reuters) – U.S. prosecutors are accusing Swiss bank Julius Baer of helping more than 400 Americans hide undeclared money from the taxman, according to a ruling made public by a Swiss court on Wednesday.
JPMorgan metal futures unit included in commodities sale: sources
LONDON (Reuters) – JPMorgan Chase & Co , the world’s biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
BlackBerry says Fairfax to buy $250 million more debentures
TORONTO (Reuters) – Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd’s convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed cash.
Final report on Boeing 787 battery probe to come in fall
WASHINGTON (Reuters) – The U.S. National Transportation Safety Board said on Wednesday that investigative work on a battery fire aboard a Japan Airlines Boeing 787 Dreamliner jet in January 2013 would be completed by the end of March.
Private sector adds more jobs than expected in December
NEW YORK (Reuters) – U.S. private employers hired staff at the fastest pace in 13 months in December, data from a payrolls processor showed Wednesday, burnishing expectations that national jobs data due later in the week from the government will confir…
Microsoft succession speculation focuses on internal candidates
SEATTLE/NEW YORK (Reuters) – Speculation over Microsoft Corp’s succession plans refocused on internal choices on Wednesday, a day after the leading outside candidate, Ford Motor Co CEO Alan Mulally, took himself off the list of potential CEOs at the wo…
Few details from JC Penney on holiday sales spook market
J.C. Penney Co Inc shares slid 8 percent after the department store chain said on Wednesday it was “pleased” with its holiday sales performance, but skimped on specifics.
Hedge fund Elliott offers to buy Riverbed, higher bid expected
(Reuters) – Activist hedge fund Elliott Management Corp offered to buy Riverbed Technology Inc for about $3.08 billion in cash, a move analysts said was likely to trigger higher bids for the network equipment maker.
Deep discounts fail to woo U.S. holiday shoppers
(Reuters) – U.S. retailers posted their lowest holiday sales growth in four years after shoppers stayed at home despite some of the biggest discounts and promotions since the recession, retail industry tracker ShopperTrak said.
Barnes & Noble names head of digital division as CEO
(Reuters) – Barnes & Noble Inc said on Wednesday that Michael Huseby, the head of its digital division, was named chief executive, a move Wall Street interpreted to mean the bookseller still sees e-books and e-readers as a priority.
