Analysis: Cable consumers face more blackouts, higher prices
(Reuters) – Cable and satellite customers beware. Prepare for more blackouts of major stations and keep a close eye on that cable bill.
Insight: As Finland reels, Microsoft doubles down with Nokia phone deal
HELSINKI/SEATTLE (Reuters) – In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft’s deal to acquire Nokia’s mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial p…
Insight: As Finland reels, Microsoft doubles down with Nokia phone deal
HELSINKI/SEATTLE (Reuters) – In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft’s deal to acquire Nokia’s mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial p…
Microsoft swallows Nokia’s phone business for $7.2 billion
HELSINKI/SEATTLE (Reuters) – Microsoft Corp will buy Nokia’s phone business and license its patents for 5.44 billion euros ($7.2 billion), a bold foray into mobile devices that also brings potential chief executive contender Stephen Elop back into the …
Wall St. up but rally fizzles on support for Syria strike
NEW YORK (Reuters) – Stocks rose on Tuesday but were far off session highs after top Republicans voiced support for U.S. President Barack Obama’s call for military strikes against Syria.
Plan to expand U.S. auto loan program faces bumpy road
WASHINGTON/DETROIT (Reuters) – Democratic proposals to widen the scope of the Department of Energy’s loan program for advanced cars could falter in the face of Republican opposition in Congress.
JPMorgan to pay $18.3 million to settle mortgage lawsuit
(Reuters) – JPMorgan Chase & Co has agreed to pay $18.3 million to settle claims that documents for mortgages acquired by a unit of Bear Stearns Cos failed to disclose material information about interest rates.
SEC won’t appeal ruling vs disclosing payments abroad
WASHINGTON (Reuters) – U.S. securities regulators said on Tuesday they would not appeal federal court’s decision from July to toss out a new rule requiring oil, natural gas and mining companies to disclose the payments they make to foreign governments….
JPMorgan, ex-Bear Stearns managers win dismissal of BofA lawsuit
NEW YORK (Reuters) – JPMorgan Chase & Co and former Bear Stearns Cos managers Ralph Cioffi and Matthew Tannin have won the dismissal of a lawsuit in which Bank of America Corp accused them of lying in an attempt to prop up two failing hedge funds.
Hayman Capital takes 5.2 percent stake in J.C. Penney
NEW YORK (Reuters) – Two hedge fund managers revealed sizable stakes in J.C. Penney Co Inc on Tuesday after Bill Ackman’s Pershing Square Capital Management sold all its shares in the struggling retailer.
