Business News Headlines
Stelios to vote against easyJet's 'secret' Airbus deal
LONDON - Easyjet's estranged founder Stelios Haji-Ioannou said on Monday he would vote against the budget airline's plan to buy 135 new Airbus planes because they were not needed and their real cost had been kept secret.
Exclusive-Greece has 3 days to deliver or face consequences - EU officials
BRUSSELS/ATHENS - Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.
World shares rise, Europe dips on mixed growth outlook
LONDON - The dollar edged higher against the yen and a rally in Tokyo stocks lifted world shares on Tuesday on signs of modest expansion in the United States and Japan, though the overall economic picture was mixed.
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.
Mon, Jul 1 2013
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.
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.
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.
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.
Buyout firm Vestar raises less than a quarter of its target
NEW YORK - Private equity firm Vestar Capital Partners said on Monday it had wrapped up fundraising for its sixth fund, securing only $804 million from investors, a fraction of the $3.5 billion it was hoping to raise three years ago.
Tribune to buy 19 local TV stations for $2.73 billion
- Tribune Co said on Monday that it would acquire 19 television stations from Local TV Holdings LLC for $2.73 billion in cash, making it the largest TV broadcaster in the United States. | Video
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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