Ex-Kleiner partner wins bid to keep discrimination case in public eye
SAN FRANCISCO (Reuters) – A high-profile Silicon Valley sex discrimination lawsuit moved closer to a trial after a panel of justices ruled that venture capital firm Kleiner Perkins Caufield & Byers cannot take a former partner’s claims to arbitration.
GM’s South Korea workers to stage partial strike July 4 over wages
SEOUL (Reuters) – Workers at General Motors Co’s factories in South Korea, a key manufacturing base for the U.S. automaker, will stage a partial walkout on July 4 because of disputes over wages and production plans, a union spokesman said on Thursday.
ICAP executive seen linked to LIBOR scandal: Wall Street Journal
NEW YORK (Reuters) – A senior executive at British brokerage firm ICAP PLC knew that some of the firm’s brokers worked with traders at UBS AG to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar wit…
Judge narrows Greenberg lawsuit versus U.S. over AIG bailout
(Reuters) – A federal judge has allowed former American International Group Inc Chief Executive Maurice “Hank” Greenberg to continue his multibillion dollar lawsuit against the United States over the insurer’s bailout, but took away some of his claims….
Men’s Wearhouse founder says did not push for going private deal
(Reuters) – Men’s Wearhouse Inc founder George Zimmer denied on Wednesday that he had pushed for a sale of the apparel retailer before he was fired as executive chairman, insisting that he only presented that suggestion to the board as one option.
Dish bows out of battle with Sprint over Clearwire
(Reuters) – Dish Network Corp has bowed out of the battle for mobile service provider Clearwire Corp , marking the second major blow in less than a week against Dish chairman and founder Charlie Ergen and his plan to expand into wireless.
BP steps up spill payments protest with ad campaign
LONDON (Reuters) – BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appellate court hearing in the United States….
Microsoft releases ‘refined’ Windows, revs up developers
SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp released a test version of its Windows 8.1 software on Wednesday, bringing back the “start” button and adding a host of features it hopes will appeal to users, while spurring developers into writing more…
Accounting board seeks ‘going concern’ self-test for US firms
NEW YORK (Reuters) – U.S. companies would have to regularly assess their ability to continue as a going concern under a proposal issued on Wednesday by accounting rule-makers, an attempt to ensure investors get timelier warnings when companies get in t…
Wall St. climbs as GDP data eases fear of Fed pullback
NEW YORK (Reuters) – Stocks rallied for a second day on Wednesday, recouping some recent losses on reduced concern that the Federal Reserve will begin to withdraw its stimulus in the near future.
