Judge denies Thomson Reuters’ request to dismiss ex-employee lawsuit
NEW YORK (Reuters) – A federal judge on Friday rejected Thomson Reuters Corp’s bid to dismiss a lawsuit by a former employee who claims he was fired in retaliation for complaining about how the company distributed some economic data.
Nasdaq says FINRA caps Facebook IPO claims at $41.6 million
WASHINGTON (Reuters) – The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc’s botched handling of Facebook Inc’s initial public offering is $41.6 million, the exchange operator said Friday.
United fined $1.1 million for tarmac delays at O’Hare: DOT
CHICAGO (Reuters) – The U.S. Department of Transportation said it fined United Airlines $1.1 million on Friday, the largest fine assessed for a tarmac-delay violation since the rule limiting long delays took effect in April 2010.
AbbVie beats forecast as Humira sales surge
(Reuters) – AbbVie Inc on Friday reported stronger-than-expected results for the third quarter, as booming sales of its Humira arthritis treatment and Synthroid thyroid replacement drug more than offset lower demand for other medicines.
Twitter IPO pegs valuation at modest $11 billion
SAN FRANCISCO (Reuters) – Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion.
U.S. durable goods orders, sentiment suggest politics hurting economy
WASHINGTON (Reuters) – Orders for a wide range of U.S.-made capital goods plummeted in September and consumer sentiment weakened sharply in October, signs that a budget battle in Washington has held back the economy.
EFH restructuring talks expand, forge on ahead of looming payment
NEW YORK (Reuters) – Energy Future Holdings has stepped up talks with bondholders of its regulated unit, several people close to the talks said on Thursday, as it holds out hope of reaching the framework of a restructuring agreement before an expected …
UPS quarterly profit rises, sees strong holiday volumes
(Reuters) – United Parcel Service Inc said increased demand in domestic ground shipments lifted profits in the third quarter and expects online sales to boost shipping volumes as it heads into the holiday quarter.
Serco boss quits as firm seeks new start after scandals
LONDON (Reuters) – The chief executive of outsourcing firm Serco has quit as part of a major reorganisation aimed at rebuilding its reputation with its biggest customer, the British government, following a series of scandals.
Procter & Gamble sticks by forecasts; profit meets expectations
(Reuters) – Procter & Gamble Co is chugging along with its turnaround, posting a quarterly profit that met Wall Street’s expectations and holding to its annual forecasts as the world’s largest household products maker gets a lift from cost cuts and a lower tax rate.
