Analysis: Contentious oil spill claims set up BP for long legal battle
NEW YORK (Reuters) – Faced with hundreds of damage claims it says are fictitious and inflated, BP must decide whether to dive into a protracted legal battle it had sought to avoid when it settled a class action over the 2010 Gulf of Mexico oil spill.
Exclusive: Criminal charges against Solyndra founder are unlikely – sources
SAN FRANCISCO (Reuters) – The founder of bankrupt solar panel maker Solyndra will likely avoid criminal charges even if charges are brought against other former executives of the company, according to several people familiar with the investigation.
Bernanke’s reassurance propels shares to record highs
NEW YORK (Reuters) – The S&P 500 index and the Dow industrials closed on Thursday at record highs, a day after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will keep a loose monetary policy for some time to lower the unemployment rate.
Some Dell shareholders plan to vote against CEO’s buyout
NEW YORK (Reuters) – At least three shareholders who collectively hold nearly 3 percent of Dell Inc’s shares plan to vote against Chief Executive Michael Dell’s $24.4 billion buyout offer, raising questions about shareholder proxy adviser Institutional…
Retailers’ sales rise, some shoppers are cautious
(Reuters) – U.S. retailers’ June sales suggest overall consumer spending is improving, even though lower-end shoppers are holding back on nonessential purchases.
Icahn to sweeten buyback plan for Dell shares: Bloomberg
NEW YORK (Reuters) – Billionaire investor Carl Icahn is preparing a higher bid for computer maker Dell Inc ahead of a key shareholder meeting after proxy firms endorsed founder Michael Dell’s $24.4 billion buyout offer.
WellPoint fined $1.7 million for exposing health data on Internet
(Reuters) – Health insurer WellPoint Inc will pay $1.7 million for allowing health and other personal information from hundreds of thousands of people to be accessed over the Internet, the U.S. Department of Health and Human Services said on Thursday.
Analysis: Investors pin hopes on second-half earnings rebound
NEW YORK (Reuters) – For some time it’s been clear that the second quarter was going to be less than robust for U.S. corporate results. Investors in the stock market don’t seem to care.
China urges U.S. to weigh global impact when exiting QE
WASHINGTON (Reuters) – China supports U.S. plans to end its loose monetary policy as conditions permit, but urges Washington to weigh the impact on the global economy of its exit from so-called quantitative easing, Finance Minister Lou Jiwei said on Th…
Former Ford CEO Philip Caldwell dies at 93
DETROIT (Reuters) – Philip Caldwell, the first CEO of Ford Motor Co from outside the Ford family, died at his home Wednesday.
