Sprint files lawsuit against Dish and Clearwire
(Reuters) – Sprint Nextel Corp has filed a lawsuit against Dish Network Corp and Clearwire Corp to prevent the completion of Dish’s offer for Clearwire’s shares.
Hedge fund manager used postal box to hide $6 million fraud, Feds say
CHICAGO/SAN FRANCISCO (Reuters) – A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on Monday.
Danish regulator tells Danske Bank to set aside more capital
COPENHAGEN (Reuters) – A Danish regulator has ordered Danske Bank A/S to change how it calculates its solvency and set aside more risk capital, the bank said in a statement late on Monday.
U.S. patent case climaxes with win for Canadian vibrator maker
WASHINGTON (Reuters) – Couples in the United States looking to spice up their sex lives will have to do without certain adult toys after a U.S. trade panel ruled on Monday that some companies are violating a patent held by a Canadian company for a two-…
Confidence of homebuilders jumps as recovery deepens
NEW YORK (Reuters) – Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction.
Wall St. rises in volatile session before Fed meeting
NEW YORK (Reuters) – Stocks rose on Monday but ended well off their highs as investors speculated over the Federal Reserve’s intentions about its massive stimulus program to aid the economy before a meeting of policymakers that begins on Tuesday.
Tim Hortons faces pressure from another activist investor
TORONTO (Reuters) – Restaurant chain Tim Hortons Inc , which recently outlined plans to address the concerns of activist investor Highfields Capital, now faces pressure from another activist investor.
Kabel Deutschland confirms preliminary offer from Liberty Global
(Reuters) – Kabel Deutschland – Germany’s biggest cable operator – confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global Plc after a British newspaper reported that the company had put forward a 7.5-bil…
Office Depot sets annual meeting date after investor complaints
NEW YORK (Reuters) – Office Depot Inc on Monday said it will hold its annual shareholder meeting on August 21, after its top investor sued the second-largest U.S. office supply retailer for not holding one in the past year to elect directors.
Detroit default, restructuring plan break new ground: Moody’s
(Reuters) – Detroit’s default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody’s Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pai…
