Ford CEO not going to Microsoft, to stay at Ford through 2014
DETROIT (Reuters) – Ford Motor Co Chief Executive Alan Mulally will not take a job at software giant Microsoft Corp and will remain at the U.S. automaker through at least this year, according to the Associated Press.
Yahoo CEO unveils handful of new products to big CES crowd
LAS VEGAS/SAN FRANCISCO (Reuters) – Yahoo Inc Chief Executive Marissa Mayer unveiled a handful of new products, including a competitor to Google Inc’s predictive search technology for smartphones, in a debut appearance at the Consumer Electronics Show …
Decades-long ties to Madoff cost JPMorgan $2.6 billion
NEW YORK (Reuters) – JPMorgan Chase & Co agreed to pay $2.6 billion to the U.S. government and Bernard Madoff victims to settle allegations that the bank failed to tell authorities about its suspicions of fraud at Madoff’s fund.
Trial of SAC’s Martoma begins with questions for potential jurors
NEW YORK (Reuters) – Jury selection began on Tuesday in the trial of Mathew Martoma, a former portfolio manager at Steven A. Cohen’s SAC Capital Advisors hedge fund, who is accused of engaging in the most lucrative insider trading scheme in U.S. histor…
Wall St. scores first rally of 2014; S&P ends three-day drop
NEW YORK (Reuters) – U.S. stocks ended higher on Tuesday, snapping the S&P 500’s three-day losing streak to give the benchmark index its first positive session of 2014.
Panama Canal, consortium closer to deal to keep expansion going
PANAMA CITY (Reuters) – The Panama Canal and a Spanish-led building consortium expanding the major world cargo route moved nearer to a deal to keep work going amid a cost dispute on Tuesday, with each proposing a joint financing package.
Fed’s Rosengren gets comfortable with QE cuts, Williams sees steady taper
HARTFORD, Conn./PHOENIX, Arizona (Reuters) – Two top Federal Reserve officials said on Tuesday they expected the U.S. central bank to reduce its stimulus at a steady pace, with the lone official to dissent against the Fed’s decision to trim its bond bu…
JPMorgan Chase names Kristin Lemkau chief marketing officer
NEW YORK (Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, on Tuesday named Kristin Lemkau chief marketing officer for the entire company.
Ex-Goldman VP Tourre denied a new trial in SEC case
NEW YORK (Reuters) – Fabrice Tourre, the former Goldman Sachs Group Inc vice president who was found liable for defrauding investors over a failed mortgage transaction, has failed to persuade a federal judge to dismiss the case or give him a new trial….
Ex-UBS bank executive pleads not guilty in tax fraud case
MIAMI (Reuters) – A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty to tax fraud conspiracy on Tuesday in federal court in Florida.
