Source Match Business News
Survey: German consumer confidence rises strongly
Asian stocks shaky, Nikkei still seen vulnerable
By Ian Chua SYDNEY (Reuters) - Japanese stocks turned negative
on Friday and the yen reversed early losses, keeping intact worries
that the Nikkei's largest one-day drop in two years may be the
start of a bigger rout. In a sign that many are still spooked by
Thursday's eye-watering 7.3 percent Nikkei drop, share markets
elsewhere in Asia extended their decline to a fresh one-month low.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6
percent, extending Thursday's 2.2 percent fall. Australian shares
underperformed the region, falling 1.9 percent. "There's a lot of
...
Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) — Keeping the meltdown-stricken Fukushima nuclear
plant in northeastern Japan in stable condition requires a cast of
thousands. Increasingly the plant's operator is struggling to find
enough workers, a trend that many expect to worsen and hamper
progress in the decades-long effort to safely decommission it.
Procter & Gamble brings back A.G. Lafley as CEO
Google, like Facebook, in talks to buy Waze for about $1 billion: report
(Reuters) - Google Inc is considering buying Israeli mobile
satellite navigation start-up Waze Inc, which may lead to a bidding
war with Facebook Inc, Bloomberg news reported, citing people
familiar with the matter. Waze is seeking more than $1 billion and
is fielding expressions of interest from multiple parties, said
Bloomberg, citing a source. Other media have reported that Facebook
Inc has held talks to buy Waze for as much as $1 billion. ...
Procter & Gamble brings back former CEO to fix company
By Jessica Wohl (Reuters) - Procter & Gamble Co on Thursday
brought back A.G. Lafley to run the world's largest household
products maker, replacing Bob McDonald immediately in the midst of
a major restructuring. Lafley is taking on the roles of chairman,
president and chief executive officer, effective immediately, while
McDonald is set to retire on June 30 after 33 years at P&G. The
move comes as some investors have pushed for faster improvements
from the maker of Tide detergent and Gillette razors. P&G
unveiled a $10 billion restructuring program in February 2012.
...
Google faces new federal antitrust probe: source
WASHINGTON (Reuters) - U.S. regulators are in the early stages
of an antitrust probe into whether Google Inc, the top player in
Web display advertising, breaks antitrust law in how it handles
some advertising sales, a source told Reuters on Thursday. The
source said that it was unlikely that the Federal Trade Commission
had sent out civil investigative demands in relation to the probe,
which would be the sign of a formal and more serious investigation.
...
Salesforce.com's quarterly results disappoint Wall Street
By Noel Randewich (Reuters) - Salesforce.com Inc's quarterly
earnings and outlook disappointed investors as costs rise following
a spree of acquisitions, sending its shares lower. Under Marc
Benioff, Salesforce's CEO and founder, the company's fast revenue
growth has made it a favorite with investors eager to own part of
the growing trend among businesses to outsource their information
technology needs - from servers to software, a phenomenon known as
cloud computing. But Salesforce has struggled to earn consistent
profits. ...
Sears losses mount, weighs sale of unit to shore up liquidity
By Siddharth Cavale (Reuters) - U.S. retailer Sears Holdings
cast bigger doubts on the progress of its turnaround after
reporting a bigger-than-expected quarterly loss, hurt by cooler
spring weather. Shares of the company, which also said it was
considering selling its service contracts business, fell 12 percent
to $51.41 in heavy trading after the bell. The disappointing
results came just months after Chairman and controlling shareholder
Eddie Lampert took over as chief executive from Louis D'Ambrosio,
who stepped down due to a family member's health issue. ...
Goldman unveils checks on conflicts in bid to fix image
By Lauren Tara LaCapra SALT LAKE City (Reuters) - After dozens
of meetings with executives and regulators, 100,000 hours of
employee training and an immeasurable amount of public grief,
Goldman Sachs Group Inc's Lloyd Blankfein claimed success in
putting the bank and his legacy as CEO back on track. At Goldman's
annual meeting on Thursday, Blankfein unveiled details of a
three-year review and overhaul of the bank's practices in dealing
with clients, following high-profile missteps that tarnished its
reputation in the aftermath of the financial crisis. ...
Former Goldman banker settles SEC 'pay-to-play' charges
Icahn seeks up to $7 billion for Dell bid
By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl
Icahn and Southeastern Asset Management Inc have initiated talks
with banks and asset managers to line up commitments for as much as
$7 billion in bridge loans to back their leveraged recapitalization
proposal for Dell Inc, banking sources told Thomson Reuters LPC on
Thursday. Jefferies & Co is leading the deal. Icahn and
Southeastern are looking to lock in the financing before Dell
shareholders meet in July to vote on a rival take-private offer
from CEO Michael Dell and Silver Lake Partners. ...
Wall Street sags, but ends off session lows; HP hits 52-week high
By Angela Moon NEW YORK (Reuters) - Stocks slipped on Thursday
but finished sharply off their session lows as a rally in
Hewlett-Packard's shares offset worries about weak Chinese
manufacturing data and the prospects of the Federal Reserve
reducing its monetary stimulus. Trading was choppy as many traders
were adjusting their positions ahead of the long holiday weekend.
Markets will be closed on Monday for Memorial Day. Hewlett-Packard
shares jumped more than 17 percent to a fresh 52-week high a day
after the world's largest PC maker raised its outlook. ...
Photos: Frank Lloyd Wright Homes For Sale
Martha Stewart Case Judge Ruling Favors JCP
Couple Finds $100,000 in Safe Deposit Box
3 Indicted for Millions of Fake Marlboros
Men Charged for Millions of Fake Marlboros
Holy Grail of Books Could Fetch $30M
Holy Grail of Rare Books, Hymnal Could Fetch $30M
McDonald's Apologizes for Sad Big Mac Ad
Retail Sales Fall, Sending Stocks Down
Photos: Rock Icon's Former Home on Sale