Dutch lender Rabobank to face near-$1 billion Libor charge: FT
(Reuters) – Rabobank could face a near $1 billion fine next week from British and U.S. regulators looking to settle allegations that the Dutch lender helped manipulate the Libor and other benchmark interbank lending rates, the Financial Times reported,…
Goldman must pay legal fees for ex-programmer accused of theft
NEW YORK (Reuters) – Goldman Sachs Group Inc must pay some legal fees incurred by a former computer programmer accused of stealing code from the bank because his title of vice president made him a bank officer at the time, a New Jersey federal judge ru…
Lockheed profit tops estimates; raises full-year outlook
WASHINGTON (Reuters) – Lockheed Martin Corp , the No. 1 supplier to the Pentagon, reported on Tuesday higher third-quarter profit despite a 4 percent decline in sales, and lifted its forecast for full-year earnings, even as U.S. military spending shrin…
Wall Street rises as jobs data supports Fed policy
NEW YORK (Reuters) – U.S. stocks climbed on Tuesday, pushing the S&P 500 to yet another record high, after weaker-than-expected job creation last month reinforced expectations the Federal Reserve will hold the course on its economic stimulus into next year.
RF Micro reports profit; revenue rises 48 percent
(Reuters) – RF Micro Devices Inc reported a 48 percent rise in quarterly revenue, benefiting from increased demand for its chips used in Apple Inc and Samsung Electronics Co smartphones.
Judge stalls sale of Boston Globe to Red Sox owner John Henry
BOSTON (Reuters) – A Massachusetts judge has temporarily blocked the sale of The Boston Globe and Telegram & Gazette to Boston Red Sox owner John Henry because it could complicate a pending class action lawsuit, according to court documents.
DuPont expects farm demand to boost quarterly profit
(Reuters) – DuPont , the largest U.S. chemical maker by market value, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes traditional seasonal weakness.
New CEO signals strategic changes at Forest Labs
(Reuters) – Forest Laboratories Inc’s new chief executive signaled strategic changes that will help the drugmaker focus on multiple new growth areas as it prepares to lose patent protection on another of its top-sellers.
Chrysler begins Jeep Cherokee shipments after delay
DETROIT (Reuters) – Chrysler Group LLC said on Tuesday it began shipping a key model for the company, the Jeep Cherokee, that had been delayed by about two months.
VW labor leader seeks German-like workers council in Tennessee
WOLFSBURG, Germany (Reuters) – Volkswagen AG’s top labor leader still wants workers at the company’s plant in Tennessee to have German-style representation, an arrangement that would require the involvement of a U.S. trade union such as the United Auto…
