BHP faces enforcement action by U.S. on corruption probe
MELBOURNE (Reuters) – BHP Billiton said on Friday U.S. authorities have laid out grounds for possible enforcement action against the top global miner for corrupt practices.
Dell’s quarterly profit plummets amid buyout brawl
SAN FRANCISCO (Reuters) – Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral.
Judge declines to approve AMR restructuring
NEW YORK (Reuters) – A bankruptcy judge on Thursday held off approval of a restructuring plan for American Airlines, citing a U.S. government challenge this week to the airline’s proposed merger with US Airways Group Inc .
Kodak shareholders won’t get voice, creditors back Chapter 11 exit
NEW YORK (Reuters) – A federal bankruptcy judge rejected a bid by Eastman Kodak Co shareholders to set up a committee to represent their interests, and the company won the backing of creditors for its reorganization plan as it prepares to seek court ap…
Ford to slash mileage rating on C-Max hybrid
DETROIT (Reuters) – Ford Motor Co will lower the advertised fuel economy ratings on its C-Max hybrid by up to seven miles per gallon, the company said Thursday, following complaints from consumers and industry experts that the model’s actual mileage fe…
Wall Street posts biggest drop since June on weak results
NEW YORK (Reuters) – U.S. stocks had the biggest one-day percentage drop since late June on Thursday in higher-than-average trading volume after poor results and outlooks from Dow components Wal-Mart and Cisco.
NHL’s Devils sold to owners of Philadelphia 76ers
NEWARK, New Jersey (Reuters) – A pair of private equity executives who own a majority of the Philadelphia 76ers basketball team on Thursday reached a deal to acquire the New Jersey Devils hockey team and its arena.
Amgen seeks drug trial data before finalizing Onyx deal: sources
NEW YORK (Reuters) – Amgen Inc, the drugmaker in advanced discussions to buy Onyx Pharmaceuticals Inc, has asked Onyx for some of the data from an ongoing trial on the company’s new blood cancer drug, two people familiar with the matter said on Thursda…
Leonard Green weighs $1.5 billion sale of landscaping firm Brickman: sources
NEW YORK (Reuters) – Leonard Green & Partners LP is exploring a sale of Brickman Group Holdings Inc that could value the largest commercial landscaping company in the United States at up to $1.5 billion, three people familiar with the matter said this week.
IBM says it will buy Trusteer, source says paying close to $1 billion
(Reuters) – IBM, the world’s biggest technology services company, said on Thursday it has agreed to buy Trusteer, a company that helps businesses fight computer viruses and fraud.
