Soros dumps US Airways as Tiger Consumer likes Facebook
NEW YORK (Reuters) – Billionaire investor George Soros dumped 7.85 million shares of US Airways Group Inc in the second quarter, a regulatory filing on Wednesday showed.
Four U.S. companies get funds for more work on unmanned plane
WASHINGTON (Reuters) – Four U.S. weapons makers each received $15 million in funding on Wednesday for continued work on a new unmanned combat plane for use on U.S. Navy aircraft carriers, the Pentagon announced.
Hyundai, Kia recall about 270,000 U.S. vehicles
DETROIT (Reuters) – Hyundai Motor Co is recalling about 240,000 older model Sonata and Azera sedans in cold-weather U.S. states due to possible corrosion that can affect rear wheel alignment, according to a report issued by U.S. regulators on Wednesday…
Business model change hits TripAdvisor’s click-based revenue
(Reuters) – TripAdvisor Inc Chief Executive Steve Kaufer said its business in the quarter so far has been “bumpier” than expected, following the roll-out of a new method of directing online travel customers to its booking partners.
Business model change hits TripAdvisor’s click-based revenue
(Reuters) – TripAdvisor Inc Chief Executive Steve Kaufer said its business in the quarter so far has been “bumpier” than expected, following the roll-out of a new method of directing online travel customers to its booking partners.
Cisco cutting 4,000 jobs, CEO sees ‘slow’ progress
(Reuters) – Network equipment maker Cisco Systems Inc is cutting 4,000 jobs, or 5 percent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas as it faces uncertain demand for its networking equipment.
Judge halves $30.2 million infringement award against Nintendo
NEW YORK (Reuters) – A U.S. judge on Wednesday ruled that inventor Seijiro Tomita can take half the $30.2 million in damages awarded him after a jury found Nintendo Co infringed one of his patents, or risk getting nothing.
Analysis: With balloons and fiber, Google experiments in Web access
SAN FRANCISCO (Reuters) – From sending solar-powered balloons into the stratosphere to offering free Wi-Fi in parks, Google is quietly spending hundreds of millions of dollars on nascent Internet services that may one day challenge the telecom and cabl…
Apollo agrees to policyholder protections in Athene-Aviva deal
NEW YORK (Reuters) – Apollo Global Management has agreed to “enhanced” safeguards for policyholders as part of Athene Holding Ltd’s planned purchase of the New York subsidiary of Aviva USA, New York’s financial regulator said on Wednesday.
Uniforms seen as bright spot in drab back-to-school season
NEW YORK (Reuters) – When Robyn Asbell started kindergarten this month in Covington, Georgia, she had to wear a white collared shirt and a khaki jumper instead of her favorite pink sequin dress.
