Rivals Microsoft and Oracle team up on push into cloud
SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp said on Monday it would support Oracle Corp software on its cloud-based platforms, a tie-up aimed at improving the rivals’ chances against nimbler Web-based computing companies chipping away at their tra…
Navistar CFO Andrew Cederoth to resign
(Reuters) – Navistar International Corp on Monday said Chief Financial Officer Andrew Cederoth will resign by the end of June, the latest management change at the truck and engine maker that is looking to recover from a disastrous engine redesign.
Exclusive: Apollo’s EP Energy looking at IPO – sources
NEW YORK (Reuters) – EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an initial public offering as soon a…
Exclusive: A big Bridgewater fund is under the weather
NEW YORK (Reuters) – A $70 billion portfolio managed by hedge fund titan Ray Dalio’s Bridgewater Associates and widely held by many pension funds to survive stormy markets is emerging as a big loser in the recent selloff in global markets.
Ex-banker faces off against China bears with hedge fund
HONG KONG (Reuters) – Paul Conway’s eventful career in China included advising companies on stock offerings and overseeing a messy business restructuring — the latter stint forcing him to hire a bodyguard to fend off harassment from local thugs.
FTC conducting preliminary inquiry of Google’s Waze acquisition
SAN FRANCISCO (Reuters) – Antitrust regulators are conducting a preliminary inquiry into Google Inc’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter.
Japan’s Seibu and Cerberus in boardroom showdown
TOKYO (Reuters) – Private equity giant Cerberus Capital Management LP and Japan’s Seibu Holdings will square off in a shareholder vote on Tuesday over the U.S. firm’s drive to shake up the board and win more influence.
Fed’s Fisher says comfortable with rise in U.S. yields
LONDON (Reuters) – Federal Reserve policymaker Richard Fisher said on Monday he was comfortable with the rise in U.S. Treasury yields following the central bank’s signal it planned to slow its support, but cautioned that a big spike would be “destructi…
Navistar CFO Andrew Cederoth to resign
(Reuters) – Navistar International Corp on Monday said Chief Financial Officer Andrew Cederoth will resign by the end of June.
J.C. Penney to soon learn fate of its Martha Stewart home goods
NEW YORK (Reuters) – J.C. Penney Co Inc will likely learn in August whether it can sell certain Martha Stewart-branded home goods it has been prevented from stocking due to a lawsuit by rival Macy’s Inc .
