In airline suit, U.S. antitrust enforcers try to build on wins
WASHINGTON (Reuters) – AMR Corp’s American Airlines and US Airways Group Inc could be in for a long and bruising courtroom battle against seasoned lawyers if they choose to keep fighting the U.S. Justice Department’s objection to their merger.
Icahn says bigger buybacks can drive Apple shares to $700
SAN FRANCISCO/NEW YORK (Reuters) – Activist investor Carl Icahn said he has amassed a “large position” in Apple Inc and believes the stock could be worth as much as $700 a share if Chief Executive Tim Cook pushed for a larger stock buyback.
Hyundai’s South Korea labor woes strike again
SEOUL (Reuters) – Hyundai Motor Co’s 45,000 union workers in South Korea may go on strike as early as next week over unmet demands including a one-off payment of $2.45 billion from the company’s record 2012 profit and gold medals for long-serving emplo…
AOL CEO apologizes for public firing of executive
(Reuters) – AOL Inc Chief Executive Tim Armstrong said in a staff memo on Tuesday that he made a mistake in publicly firing an employee last Friday in front of a thousand workers.
U.S. sets shrimp duties on five countries, spares Thailand, Indonesia
WASHINGTON (Reuters) – The U.S. Commerce Department on Tuesday set final duties on billions of dollars of shrimp from four Asian countries and Ecuador to offset foreign government subsidies, but spared major suppliers Thailand and Indonesia from the im…
Bad JC Penney bet calls Ackman’s retail acumen into question
BOSTON (Reuters) – Billionaire investor William Ackman has been tripped up by a bet that he could transform a giant retailer.
Euro zone may exit from recession yet give little to cheer about
BRUSSELS (Reuters) – The euro zone economy may learn later on Wednesday that it has moved out of its longest recession, needing seven quarters to dig up modest growth in the three months to June.
U.S. sues to block AMR-US Airways merger; stocks fall
WASHINGTON (Reuters) – The U.S. government on Tuesday sued to block American Airlines and US Airways’ proposed merger to create the world’s biggest airline, saying consumers would end up paying higher fares and fees.
Billionaire Carl Icahn says Apple shares could trade at $700
(Reuters) – Hedge fund billionaire Carl Icahn took a “large” position in Apple Inc. shares and told Reuters on Tuesday that he believes Apple should trade at $700 a share.
RadioShack seeking new, lower-cost loans: sources
(Reuters) – Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter.
