Lenovo shares up 2 percent after fiscal first quarter net beats estimates
(Reuters) – Shares of Lenovo Group Ltd , the world’s largest PC maker, rose 2 percent on Thursday after it delivered its second-best quarterly earnings that also beat forecasts thanks to swift expansion in its mobile computing business.
U.S. judge in airline mega-merger once ran Microsoft case
WASHINGTON (Reuters) – The federal judge assigned to hear a lawsuit to block the latest U.S. airline mega-merger began her career as a prosecutor, oversaw the resolution of the Microsoft Corp antitrust case and for years presided over a secret surveill…
Berkshire investments to come out on Thursday after Wednesday glitch
(Reuters) – Details of investments made by Warren Buffett’s Berkshire Hathaway Inc are expected to be made public on Thursday, following a technical glitch that prevented their disclosure on Wednesday as scheduled.
Apple faces possible May 2014 trial on e-book damages
NEW YORK (Reuters) – The federal judge who ruled that Apple Inc violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according to an order made public on Wednesd…
Apple faces possible May 2014 trial on e-book damages
NEW YORK (Reuters) – The federal judge who ruled that Apple Inc violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according to an order made public on Wednesd…
Antitrust challenge could send AMR bankruptcy back to square one
(Reuters) – AMR Corp could face months of new restructuring talks, with shareholders likely to suffer the biggest blow, if its merger with US Airways Group is successfully blocked by the U.S. government, according to people close to the bankruptcy proc…
Analysis: Lower crop prices a pain for Deere, but farmers are fine
CHICAGO (Reuters) – Wall Street’s frosty reaction on Wednesday to Deere & Co’s latest quarterly earnings is no surprise given the recent sharp drop in agricultural commodity prices. Farmers buy fewer tractors and harvesters when corn and soybean prices are down.
Soros raises JC Penney stake but two big investors exit in second quarter
BOSTON (Reuters) – Billionaire investor and philanthropist George Soros likes ailing retailer JC Penney so much that he added another 2 million shares to his already large investment, according to regulatory filings released on Wednesday.
Wall Street falls on uncertainty about Fed’s bond buying
NEW YORK (Reuters) – Stocks fell on Wednesday, with the Dow industrials posting the worst day since late June, as investors speculated when the Federal Reserve might begin to reduce its ultra-loose monetary policy, which has helped propel stocks to rec…
US Airways, American Airlines vow to fight US government over merger
NEW YORK/ATLANTA (Reuters) – US Airways Group Inc and American Airlines vowed on Wednesday to fight the federal government’s anti-trust lawsuit in court by arguing their proposed $11 billion merger would promote competition.
