Icahn seeks Dell share buyback, buys Southeastern stock
(Reuters) – Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
Chrysler relents, to recall 2.7 million Jeeps over fuel tanks
DETROIT (Reuters) – Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.
Google challenges surveillance court on First Amendment grounds
SEATTLE (Reuters) – Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment grounds.
From the ashes of Webvan, Amazon builds a grocery business
SAN FRANCISCO (Reuters) – The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its d…
Adobe profit beats as Creative Cloud subscriptions soar
(Reuters) – Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package.
Duke Energy turns to insider to succeed CEO Rogers
(Reuters) – Duke Energy Corp has turned to an insider, Chief Financial Officer Lynn Good, to take over as chief executive when Jim Rogers steps down as part of a regulatory settlement linked to its $18 billion takeover of Progress Energy.
Ex-fund managers can remain free during U.S. insider trading appeal
NEW YORK (Reuters) – Two former hedge fund managers persuaded a U.S. appeals court on Tuesday to allow them to remain free on bail as they seek to have their insider-trading convictions thrown out.
Wall St. extends rise, investors see no change in Fed policy
NEW YORK (Reuters) – Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts.
Exclusive: Facebook reaches 1 million active advertisers
(Reuters) – Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth.
Deloitte to pay $10 million to settle misconduct accusations
NEW YORK (Reuters) – A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered Bank.
