John McAfee resurfaces as ranting video star, mocks McAfee software
BOSTON (Reuters) – Eccentric software pioneer John McAfee is back in the spotlight – lashing out at the anti-virus software that bears his name in a profanity-laced video.
Euro ministers to decide direct bank recapitalization rules on Thursday
BRUSSELS (Reuters) – Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
SandRidge ousts CEO Ward, Bennett takes the helm
(Reuters) – SandRidge Energy Inc’s board of directors removed the energy company’s founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the ex…
Ex-Kleiner partner wants day in court in discrimination lawsuit
SAN FRANCISCO (Reuters) – A high profile sex discrimination lawsuit in Silicon Valley should be taken private via arbitration, lawyers for venture capital firm Kleiner Perkins Caufield & Byers argued on Wednesday, but the plaintiff, former partner Ellen Pao, wants the chance to tell her story before a judge.
Sony spin-off plan off agenda but looms over shareholder meet
TOKYO (Reuters) – A proposal by Sony Corp’s top investor to partially spin off the Japanese company’s lucrative entertainment business will be the elephant in the room at an annual shareholders meeting on Thursday.
Analysis: Sprint should raise Clearwire bid to avoid Dish tension
NEW YORK (Reuters) – Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen.
New bookkeeping rule to priprizese open insurers’ ‘black box’ accounts
LONDON (Reuters) – An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers’ “black box” balance sheets although the transition will take several years and the United States will keep its own, very diff…
NY State to privatize Long Island utility, freeze rates: Governor Cuomo
NEW YORK (Reuters) – New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last yea…
Bernanke says Fed likely to reduce bond buying this year
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
Ally deal draws limited objections from ResCap creditors
(Reuters) – Ally Financial Inc’s proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired…
