Business News Headlines
Mon, Jul 1 2013
Asian shares firmer, Nikkei buoyed by U.S. data
SINGAPORE/SYDNEY - Asian stocks rose on Tuesday with Tokyo's Nikkei hitting its highest in nearly five weeks after encouraging manufacturing data in Europe and the United States helped cheer markets fretting about a slowing Chinese economy.
Icahn seeks Dell meeting after securing $5.2 billion for bid
- Billionaire investor Carl Icahn asked for a meeting with Dell Inc's special board committee after lining up $5.2 billion in loan commitments to back up his bid for a leveraged recapitalization of the personal computer maker.
Pfizer, Novartis may join Amgen in bidding for Onyx: sources
NEW YORK - Onyx Pharmaceuticals Inc , whose cancer drugs promise a strong revenue stream, is attracting preliminary buyout interest from several large pharmaceutical companies such as Pfizer Inc and Novartis AG , two people familiar with the matter said on Monday.
Apple plans Nevada solar farm in clean energy push for data centers
- Apple Inc said it plans to build a new solar farm with NV Energy Inc for power supply to its new data center in Reno, Nevada, a major step towards its goal of having its data centers run on renewable energy.
Sprint Nextel must face NY suit over tax fraud - judge
NEW YORK - Sprint Nextel Corp must face a lawsuit brought by New York state accusing the company of deliberately not collecting or paying millions of dollars of taxes for its cell phone service, a judge has ruled.
Japan, Canada investors to buy U.S. power plant for $2 billion: Nikkei
TOKYO - A consortium including Mitsubishi Corp and Japanese and Canadian pension funds will buy a U.S. gas-fired power plant in Michigan this month for nearly 200 billion yen ($2.01 billion), the Nikkei business daily reported on Tuesday.
Ex-Dow officer charged in insider trading case
- A former officer of Dow Chemical Co has been charged by securities regulators in connection to an insider trading scheme based on Dow's 2008 acquisition of Rohm & Haas Co.
Factories rebound in June, but hiring down
NEW YORK - Manufacturing expanded last month, rebounding from an unexpected contraction in May, but hiring in the sector was the weakest in nearly four years, which could make the Federal Reserve think twice about how soon to scale back its stimulus.
Exclusive: State attorneys general probing American, U.S. Airways merger
WASHINGTON - A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc , three sources close to the discussions told Reuters.
Zynga, seeking salvation, names Microsoft Xbox head as CEO
SAN FRANCISCO - Zynga Inc's decision to bring in the head of Microsoft Corp's Xbox business to replace founder Mark Pincus is a bold stroke that was hailed on Wall Street, but it still leaves questions as to who is ultimately in charge at the troubled game-maker.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
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