Zynga, seeking salvation, names Microsoft Xbox head as CEO
SAN FRANCISCO (Reuters) – Zynga Inc’s decision to bring in the head of Microsoft Corp’s Xbox business to replace founder Mark Pincus is a bold stroke that was hailed on Wall Street, but it still leaves questions as to who is ultimately in charge at the…
Sprint Nextel must face NY suit over tax fraud – judge
NEW YORK (Reuters) – Sprint Nextel Corp must face a lawsuit brought by New York state accusing the company of deliberately not collecting or paying millions of dollars of taxes for its cell phone service, a judge has ruled.
Apple plans Nevada solar farm in clean energy push for data centers
(Reuters) – Apple Inc said it plans to build a new solar farm with NV Energy Inc for power supply to its new data center in Reno, Nevada, a major step towards its goal of having its data centers run on renewable energy.
Ex-Dow officer charged in insider trading case
(Reuters) – A former officer of Dow Chemical Co has been charged by securities regulators in connection to an insider trading scheme based on Dow’s 2008 acquisition of Rohm & Haas Co.
Japan, Canada investors to buy U.S. power plant for $2 billion: Nikkei
TOKYO (Reuters) – A consortium including Mitsubishi Corp and Japanese and Canadian pension funds will buy a U.S. gas-fired power plant in Michigan this month for nearly 200 billion yen ($2.01 billion), the Nikkei business daily reported on Tuesday.
Buyout firm Vestar raises less than a quarter of its target
NEW YORK (Reuters) – Private equity firm Vestar Capital Partners said on Monday it had wrapped up fundraising for its sixth fund, securing only $804 million from investors, a fraction of the $3.5 billion it was hoping to raise three years ago.
Tribune to buy 19 local TV stations for $2.73 billion
(Reuters) – Tribune Co said on Monday that it would acquire 19 television stations from Local TV Holdings LLC for $2.73 billion in cash, making it the largest TV broadcaster in the United States.
Rothschild to advise on potential RBS split: FT
(Reuters) – The British government is set to name Rothschild to advise on a potential break-up of Royal Bank of Scotland , the Financial Times reported on Monday.
S&P 500 extends gains to year’s second half on solid data
NEW YORK (Reuters) – Stocks ended higher on the first day of the third quarter on Monday, supported by signs of strength in manufacturing and construction sectors. But the major stock indexes pulled back from their session highs late in the day as inve…
S&P 500 extends gains to year’s second half on solid data
NEW YORK (Reuters) – Stocks ended higher on the first day of the third quarter on Monday, supported by signs of strength in manufacturing and construction sectors. But the major stock indexes pulled back from their session highs late in the day as inve…
