Yahoo CEO says monthly traffic surpasses 800 million users
SAN FRANCISCO (Reuters) – Yahoo Inc Chief Executive Marissa Mayer said the Internet company now has more than 800 million monthly active users, which she said represented 20 percent growth.
JPMorgan near settlement of credit card probes: source
(Reuters) – JPMorgan Chase & Co may settle probes by U.S. regulators into its credit card debt collection practices and sales of identity-theft products within weeks, according to a person familiar with the matter.
U.S. told GM to selectively fund pensions: former official
WASHINGTON (Reuters) – The former head of President Barack Obama’s auto task force acknowledged on Wednesday that he instructed General Motors not to commit money to a pension fund for some former employees during the automaker’s 2009 bankruptcy.
Chances slim for prepackaged bankruptcy for Energy Future
NEW YORK (Reuters) – Chances are growing slim for Texas utility Energy Future Holdings to negotiate a prepackaged bankruptcy with its creditors that would avoid a lengthy spell in Chapter 11, several people close to restructuring talks said this week.
Top hedge fund in bid to shape up Sotheby’s
BOSTON (Reuters) – Hedge fund manager Mick McGuire is not an art collector and has never felt the thrill of bidding in a Sotheby’s auction, where adrenaline spikes with each multimillion-dollar sale of a Cezanne, Rothko or Picasso.
Chesapeake settles with Pennsylvania landowners in royalty lawsuit
(Reuters) – Chesapeake Energy Corp has agreed to pay $7.5 million to settle a class-action lawsuit with Pennsylvania landowners who said the natural gas producer was deducting large fees from their royalty checks.
High iPhone price spooks investors, Apple shares drop
(Reuters) – Apple Inc’s new iPhones got panned by Wall Street on Wednesday as investors decried one model for being too costly for emerging markets such as China, and dismissed the other model as lacking enough game-changing features.
IGate names ex-Infosys Americas head as CEO
(Reuters) – IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate.
Icahn says bought more Apple stock as shares fell: CNBC
NEW YORK (Reuters) – Activist investor Carl Icahn said he bought more shares of Apple Inc. on Wednesday as the company’s stock price slid.
Trial begins against BP over Texas refinery emissions
HOUSTON (Reuters) – Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day (bpd) refinery it owned in Texas City, Texas until early this year, according to court documents….
