SAC’s Cohen was too busy to spot insider info in email: lawyers
NEW YORK (Reuters) – Steven A. Cohen’s legal team claims the hedge fund titan was simply too busy to notice some of his employees may have been using inside information to make trades in shares of computer company Dell Inc in the summer of 2008.
Analysis: Forget rigs, it’s wells that count now in oil services
(Reuters) – A combination of oil and gas innovations and well-site cost cuts is rendering the long-vaunted U.S. rig count a less important oilfield indicator than the number of holes in the ground.
Analysis: Forget rigs, it’s wells that count now in oil services
(Reuters) – A combination of oil and gas innovations and well-site cost cuts is rendering the long-vaunted U.S. rig count a less important oilfield indicator than the number of holes in the ground.
Options action suggests Apple earnings will not roil its shares
NEW YORK/CHICAGO (Reuters) – Apple Inc is not expected to show a big post-earnings swing when it reports fiscal third-quarter results after the closing bell on Tuesday, but this could also mean investors are under-hedged in case the company delivers a …
DuPont seeks exit from paints business to focus on farms
(Reuters) – DuPont plans to exit its once-lucrative paint pigments business to focus on a thriving agricultural unit better equipped to shield the biggest U.S. chemicals maker from market volatility.
Corzine seeks to dismiss trustee’s lawsuit over MF Global collapse
(Reuters) – Jon Corzine and two of his top executives at defunct commodities brokerage MF Global sought Monday to have dismissed a lawsuit accusing them of hastening the firm’s 2011 collapse.
Corzine seeks to dismiss trustee’s lawsuit over MF Global collapse
(Reuters) – Jon Corzine and two of his top executives at defunct commodities brokerage MF Global sought Monday to have dismissed a lawsuit accusing them of hastening the firm’s 2011 collapse.
Starbucks and Danone team up to take on growing U.S. yogurt market
(Reuters) – Starbucks Corp and Danone SA said on Tuesday they will sell a co-branded yogurt through Starbucks cafes and in grocery stores as yogurt makers and food companies battle for market share in the $7 billion U.S. market.
Lockheed hopes for next Pentagon deal on F-35 jets soon
WASHINGTON (Reuters) – Lockheed Martin Co is making “good progress” in negotiations with the Pentagon about the next two batches of F-35 fighter jets and hopes to reach agreement soon, Chief Executive Marillyn Hewson said on Tuesday.
Morgan Stanley loses two leading oil traders in Europe
LONDON (Reuters) – Two high-profile oil traders have left Morgan Stanley’s European desk, trading sources said on Tuesday, as Wall Street banks struggle to retain talent amid increased regulator scrutiny and a decline in revenues.
