Sprint raises Clearwire bid, wins key investor support
NEW YORK (Reuters) – Sprint Nextel Corp raised its buyout offer for Clearwire Corp to $5 per share on Thursday and announced support from a key group of dissident shareholders, likely ending a bitter battle with rival suitor Dish Network Corp.
EU to decide who pays when banks fail
LUXEMBOURG (Reuters) – The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.
Second United Dreamliner diverted with oil-related problem
SEATTLE (Reuters) – United Airlines said on Thursday one of its Boeing Co 787 Dreamliners was diverted from its trans-Atlantic flight plan because of a low oil indication, making it the second 787 flight in three days to be cut short due to an oil-rela…
Analysis: Big business the winner in U.S. Supreme Court class action cases
WASHINGTON (Reuters) – In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants.
Exclusive: Rockwood pulls asset sale on low offers -sources
NEW YORK (Reuters) – Rockwood Holdings Inc has canceled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers it was hoping for, four people familiar with the matter said on Thursday.
Wall St. plunges, S&P posts biggest drop since Nov 2011
NEW YORK (Reuters) – Stocks fell more than 2 percent on Thursday, extending the previous day’s sharp decline as investors fretted over the Federal Reserve’s plan to begin reducing its stimulus later this year if the economy strengthens.
Second United Dreamliner diverted with oil-related problem
SEATTLE (Reuters) – United Airlines said on Thursday one of its Boeing Co 787 Dreamliners was diverted from its trans-Atlantic flight plan because of a low oil indication, making it the second 787 flight in three days to be cut short due to an oil-rela…
Exclusive: Rockwood pulls asset sale on low offers -sources
NEW YORK (Reuters) – Rockwood Holdings Inc has canceled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers it was hoping for, four people familiar with the matter said on Thursday.
Oracle’s software sales disappoint, stock plummets
SAN FRANCISCO (Reuters) – Oracle Corp missed expectations for software sales and subscriptions for the second straight quarter, sending its shares plunging as investors worried CEO Larry Ellison may have trouble getting the technology giant back on tra…
U.S., Vietnam still far apart on clothing in trade talks
WASHINGTON (Reuters) – U.S. efforts to forge a “21st Century” trade agreement with Vietnam and 10 other countries in the Asia Pacific region are running into problems mired in the past, including a textile trade policy that U.S. industry does not want …
