Investors press Dell on ‘Plan B’ as buyout bid totters
NEW YORK (Reuters) – Some Dell Inc shareholders said on Wednesday they are pressuring the board to come up with a contingency plan should a proposed $24.4 billion buyout of the No. 3 PC maker fail in the face of investor opposition.
Chrysler recalls 840,000 vehicles, mostly in U.S.
DETROIT (Reuters) – Chrysler Group LLC said on Wednesday it will recall 840,000 vehicles in the United States and other countries, mostly for active-restraint head rests that are possibly flawed.
Quest for Wasendorf’s embezzled funds yields little
CHICAGO/SAN FRANCISCO (Reuters) – Russell Wasendorf Sr., who is serving a 50-year prison sentence for embezzling $215 million from clients of his failed futures brokerage, appears to have told the truth about one thing: he spent nearly all the money.
Fed grants Goldman more time to hive off swaps trading
WASHINGTON (Reuters) – The U.S. Federal Reserve granted Goldman Sachs two more years to push risky swaps trading into a separate unit, in line with similar delays for other big Wall Street banks.
Lingering tensions prompt Toyota to mull shifting focus in China
BEIJING (Reuters) – Toyota and its dealers are quietly maneuvering to allay risks from periodic eruptions of anti-Japan sentiment in China, even as recent sales data suggest a slow but steady recovery for Japanese automakers since the latest flare-up l…
Knight Capital CEO Joyce quits newly merged trading firm
NEW YORK (Reuters) – Tom Joyce, the former chief executive officer of Knight Capital who helped the trading firm avoid bankruptcy, has resigned from the company just days after its takeover by rival Getco was finalized, the newly combined trading firm …
N.Y. attorney general probes payroll cards over fees
New York (Reuters) – New York is investigating some of the country’s largest companies over their use of cards to pay hourly employees, a person familiar with the matter said on Wednesday.
Investment industry groups scuffle over ethics, costs
(Reuters) – Wall Street’s brokerages would spend an average of $8 million each to implement a plan being considered by the U.S. Securities and Exchange Commission to impose higher ethical standards on brokers who give financial advice, according to est…
Exclusive: States join U.S. probe of Cargill/ConAgra flour deal
WASHINGTON (Reuters) – A group of wheat-growing states has joined the U.S. Justice Department in investigating a proposed joint venture by Cargill, CHS and ConAgra, which would make the largest U.S. flour miller even larger, two sources told Reuters.
Bernanke to make July 10 speech on Fed’s policy record
WASHINGTON (Reuters) – The Federal Reserve said on Wednesday that Fed Chairman Ben Bernanke would make a speech in Cambridge, Massachusetts, next week on the central bank’s 100-year history, its policy record, lessoned learned and prospects for the fut…
