Ex-Tyco CFO Mark Swartz granted parole
(Reuters) – Tyco International Ltd’s former chief financial officer, Mark Swartz, who is serving a prison sentence for bilking the company, has been granted parole by the New York parole board, his lawyer told Reuters.
Stockton city council backs plan to exit bankruptcy
STOCKTON, California (Reuters) – Stockton, California’s city council approved a plan on Thursday for the city to adjust its debt to exit from bankruptcy after reaching a deal with bond insurer Assured Guaranty to restructure more than $150 million of o…
JPMorgan’s Dimon gives up chairman role at bank subsidiary
(Reuters) – JPMorgan Chase & Co chairman and CEO Jamie Dimon has given up the title of chairman of the company’s main bank subsidiary to conform with a new internal policy on multiple roles.
Analysis: U.S. default seems unthinkable but investors have options
NEW YORK (Reuters) – Investors who behave conventionally are likely to get burned if the political standoff over the federal budget and the debt ceiling ends up forcing the United States to default.
U.S. judge says Argentina debt swap plan violates court order
NEW YORK (Reuters) – Argentina’s proposal to use a debt swap to pay some of its creditors would violate a U.S. court injunction, a judge in New York said on Thursday.
Samsung Electronics record third quarter guidance beats analyst estimates
SEOUL (Reuters) – Samsung Electronics Co Ltd estimated its July-September earnings rose 25 percent to a record $9.4 billion as a strong recovery in memory chip prices helped counter a slowdown in the South Korean company’s smartphone business.
Gates, Ballmer seek re-election to Microsoft board
SEATTLE (Reuters) – Chairman Bill Gates and retiring Chief Executive Steve Ballmer are standing for re-election to Microsoft Corp’s board of directors, despite recent moves by some investors to reduce their influence, according to the software company’…
Twitter reveals rip-roaring growth, big losses ahead of IPO
SAN FRANCISCO (Reuters) – Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc’s 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite never having made a profit in the past three years.
Dollar languishes at eight-month low, U.S. debt ceiling a worry
TOKYO (Reuters) – The dollar languished at an eight-month low on Friday as a lack of progress in resolving the U.S. budget standoff raised concerns the crisis could merge with a more complex fight looming later this month to raise the U.S. borrowing li…
Exclusive: RadioShack gets new financing offers – sources
NEW YORK (Reuters) – U.S. retailer RadioShack Corp has received several offers for new financing, including one from current lenders Bank of America Corp and Wells Fargo & Co , three sources familiar with the matter told Reuters.
