Akamai earnings beat estimates as more people watch video online
(Reuters) – Akamai Technologies Inc , whose products help to move content quickly over the Internet, posted quarterly results ahead of Wall Street estimates as more people turn to the Web to watch movies and TV programs.
U.S. to announce criminal charges against SAC Capital on Thursday: source
NEW YORK (Reuters) – U.S. prosecutors are planning to announce criminal charges on Thursday against Steven A. Cohen’s hedge fund SAC Capital Advisors, a source familiar with the matter said on Wednesday.
French watchdog probes Abercrombie for discrimination
PARIS (Reuters) – France’s official human rights watchdog said on Wednesday it was investigating Abercrombie & Fitch Co over concerns the U.S. clothing retailer discriminates in hiring store staff based on appearance.
Dell founder ups takeover bid based on voting rule change
(Reuters) – Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote, tacking on a controversial demand to change voting rules to make it easier for him to buy and take the No. 3 per…
Glaxo warns China corruption scandal will hit business
LONDON (Reuters) – A “shameful” corruption scandal in China will inevitably impact GlaxoSmithKline’s business, the British drugmaker’s chief executive said on Wednesday, adding he was ready to go to Beijing “at the right moment.”
Obama seeks second-term jolt with economic speech
GALESBURG, Illinois (Reuters) – U.S. President Barack Obama sought to inject momentum into his economic and domestic policy agenda on Wednesday with a speech designed to clarify his vision for his second term and hammer Republicans in the House of Repr…
U.S. judge halts challenges to Detroit’s bankruptcy bid
DETROIT (Reuters) – A U.S. bankruptcy court judge on Wednesday suspended lawsuits challenging Detroit’s historic bankruptcy filing while he reviews the city’s petition for protection from creditors.
Bombardier delays first flight of CSeries for third time
TORONTO (Reuters) – Bombardier Inc delayed the maiden flight of its CSeries jetliner for a third time on Wednesday, promising the flight “in the coming weeks” instead of July, a move likely to rattle airlines that have stepped up to buy the all-new pla…
Insurer WellPoint sees $20 billion Obamacare opportunity
(Reuters) – WellPoint Inc , the nation’s second largest health insurer, sees President Barack Obama’s healthcare reform giving a $20 billion boost to its revenue by 2016, led by an expansion of the Medicaid program for the poor and the introduction of …
Exclusive: Zulily hires banks for possible IPO – sources
SAN FRANCISCO (Reuters) – Zulily hired investment banks in recent weeks to advise the fast-growing e-commerce company on a possible initial public offering, according to two people familiar with the situation.
