Media bias hurts SAC exec’s right to fair trial -lawyer
NEW YORK (Reuters) – “Wall-to-wall” media coverage is hindering SAC Capital executive Michael Steinberg’s chances at a fair trial as it mostly presumes his guilt on insider trading charges, Steinberg’s lawyer claimed in a memo filed on Tuesday.
Microsoft to unveil big management reorganization Thursday: report
SAN FRANCISCO (Reuters) – Microsoft Corp will unveil on Thursday its biggest management reorganization in at least five years, to better compete in a world of mobile devices and Web-based services, according to the technology blog AllThingsD.
Adviser departures slow at top brokerages in 2013
NEW YORK (Reuters) – Following a year of heavyweight adviser departures at the biggest U.S. brokerage firms, a smaller number of top teams have bolted in 2013.
Fiat halts new investments pending clarity on labor law
ATESSA/TURIN, Italy (Reuters) – Fiat SpA will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy’s labor rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday.
Apple, Amazon end ‘app store’ lawsuit
(Reuters) – Apple Inc and Amazon.com Inc have ended their lawsuit over who has the right to use the “app store” name, clearing the way for both companies to use it.
Dell shareholder Yacktman backs Icahn buyout proposal
(Reuters) – Dell Inc shareholder Yacktman Asset Management threw its support behind Carl Icahn and Southeastern Asset Management’s buyout proposal for the PC maker.
Kroger to buy Harris Teeter for $2.5 billion, shares rise
(Reuters) – Kroger Co said on Tuesday it would buy regional grocer Harris Teeter Supermarkets Inc in a $2.5 billion deal, the latest in a string of grocery industry consolidations.
Shell’s new CEO reinforces gas technology focus
LONDON (Reuters) – Royal Dutch Shell named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on.
U.S. investor Wilbur Ross likely to buy Spanish financial assets
LONDON (Reuters) – Wilbur Ross, the U.S. billionaire who has made 65 percent profit on his 2011 investment in a struggling Bank of Ireland (BOI) , said he is likely to bid for banks or financial assets in Spain over the next few months.
Chevron wants more dialogue on Poland shale gas rules
WARSAW (Reuters) – Energy major Chevron said on Tuesday it was committed to shale gas exploration in Poland though it wanted more consultation with the government on draft amendments to rules before they are adopted.
