Activision adjusts structure on $5 billion financing package
NEW YORK (Reuters) – Activision Blizzard Inc adjusted the structure on the $5 billion financing package backing the company’s plan to spin itself off from Vivendi and buy back shares, sources told Thomson Reuters LPC.
Google loses bid to dismiss lawsuit over Street View
(Reuters) – A federal appeals court rejected Google Inc’s bid to dismiss a lawsuit accusing it of violating a federal wiretap law when collecting data for its Street View program.
EU makes Libor rigging punishable with fines and bans
STRASBOURG, France/LONDON (Reuters) – Companies found guilty of rigging market benchmarks like Libor could be fined the equivalent of 15 percent of their turnover under a European Union law approved on Tuesday.
Europe’s carmakers warn of more cuts in weak recovery
FRANKFURT (Reuters) – European carmakers need to close more factories and cut more jobs, executives at the Frankfurt car show said on Tuesday, warning any recovery in demand was likely to be long and slow as unemployment remained high and bank lending …
Greylock Partners raises $1 billion for new venture fund
SAN FRANCISCO (Reuters) – Greylock Partners, the venture-capital firm behind companies like LinkedIn, said on Tuesday it raised a $1 billion fund, its 14th.
Analysis: Fate of $23 billion L’Oreal stake points to future of Nestle
PARIS/ZURICH (Reuters) – Marriage, divorce or continued cohabitation? Nestle, the world’s biggest food company, is under pressure to make its intentions clear towards L’Oreal, its partner of 40 years, when the ties that bind them loosen next year.
Cisco enters data storage market with purchase of Whiptail
(Reuters) – Cisco Systems Inc on Tuesday announced its first foray into the data storage market, saying it would pay $415 million to acquire privately held storage system maker Whiptail.
ECB’s Asmussen sees risk of large spillovers from Fed tightening
BRUSSELS/FRANKFURT (Reuters) – The impact of the U.S. central bank unwinding its policy stimulus risks being greater now than in 1994, when it started a tightening cycle and bond markets crashed, a European Central Bank policymaker said on Tuesday.
Glencore squeezes $2 billion out of Xstrata deal
LONDON (Reuters) – Glencore will cut spending, shelve dozens of projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014.
U.S. job openings fall almost broadly in July
WASHINGTON (Reuters) – U.S. job openings fell almost across the board in July, according to a government report on Tuesday that shined a light on labor market weakness during that month.
