Nvidia’s stock jumps on license plan; Wall Street eyes Apple
(Reuters) – Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.
Icahn reiterates commitment for Dell buy
NEW YORK (Reuters) – Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he’s putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tue…
Web retailer Fab valued at $1 billion with funding from Tencent
(Reuters) – Fab has raised $150 million from several investors, including Tencent Holdings , that values the online retailer at $1 billion.
New Eurofighter chief aims to make jet cheaper
PARIS (Reuters) – The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more business in an increasingly crowded and competit…
U.S. banks failed to follow mortgage standards: monitor
WASHINGTON (Reuters) – Four of the largest U.S. mortgage servicers failed to adhere to some of the new standards set out in a landmark settlement meant to help consumers facing foreclosure, a court-appointed monitor said on Wednesday.
Exclusive: Parmalat should cut LAG price by $151 million, report to court says
PARMA, Italy (Reuters) – A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minor…
U.S. judge limits ex-Goldman Sachs executive’s defense in fraud case
NEW YORK (Reuters) – A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled inves…
FedEx posts higher-than expected profit, will cut more capacity
(Reuters) – FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world’s biggest air-freight company said it was cutting more capacity between the United States and Asia.
News Corp spinoffs start preliminary trading
(Reuters) – News Corp’s publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch’s company officially splits in two on June 28.
Orders top $100 billion as Ryanair gives Boeing a boost
PARIS (Reuters) – Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets.
