Andre Grenon
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U.S. eyes early summer for airwaves auction process
Mar 19, 2010 17:11 EDT
WASHINGTON (Reuters) - The Federal Communications Commission plans to begin a process in a few months aimed at auctioning airwaves that failed to garner enough interest during the 2008 spectrum auction.
Wal-Mart to slash grocery prices
Mar 19, 2010 17:07 EDT
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
Wal-Mart to slash grocery prices
Mar 19, 2010 17:07 EDT
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc will cut food prices and mount a new ad campaign over the next six weeks, a threat to other U.S. grocers that sent an industry shares index down more than 2 percent on Friday.
Website's instant posts of Wall Street research banned
Mar 18, 2010 21:38 EDT
NEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
Website's instant posts of Wall Street research banned
Mar 18, 2010 21:38 EDT
NEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
World Bank OKs record $1.05 billion for Indian schools
Mar 18, 2010 19:35 EDT
WASHINGTON (Reuters) - The World Bank on Thursday approved a record $1.05 billion credit line to help get more children into schools in India, the largest ever investment in education by the poverty-fighting institution.
Lehman says Barclays got $13 billion windfall in sale
Mar 18, 2010 19:14 EDT
NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion "windfall" profit from its deal to buy Lehman's U.S. brokerage in September 2008.
Amazon allows Kindle application for Mac computers
Mar 18, 2010 12:07 EDT
SAN FRANCISCO (Reuters) - Online retailer Amazon.com Inc said on Thursday it released an application to allow its Kindle e-books to be read on Apple Inc Mac computers.
HTC says confident can defend against Apple suit
Mar 18, 2010 00:12 EDT
NEW YORK (Reuters) - Cellphone developer HTC Corp said it is confident it can fight off a recent technology patent infringement lawsuit from iPhone maker Apple Inc and promised to issue a formal response in the next few weeks.
Apple board member York hospitalized: source
Mar 17, 2010 19:50 EDT
SAN FRANCISCO (Reuters) - Apple Inc <AAPL.O> board member Jerry York was hospitalized on Wednesday near his home in Detroit after suffering a collapse, a person familiar with the matter said.
TheStreet.com says it's being probed by SEC
Mar 17, 2010 19:17 EDT
BOSTON (Reuters) - Investment news website TheStreet.com Inc said on Wednesday the U.S. Securities and Exchange Commission was investigating the company over the way it recorded revenue at a former subsidiary.
TheStreet.com says it's being probed by SEC
Mar 17, 2010 19:17 EDT
BOSTON (Reuters) - Investment news website TheStreet.com Inc said on Wednesday the U.S. Securities and Exchange Commission was investigating the company over the way it recorded revenue at a former subsidiary.
Grand jury indicts ex-Madoff programmers
Mar 17, 2010 18:34 EDT
NEW YORK (Reuters) - A U.S. grand jury formalized criminal charges on Wednesday against two former computer programmers at swindler Bernard Madoff's firm, alleging they conspired with others to falsify investor records using a special program.
Baseball's Dykstra sues JPMorgan for $100 million
Mar 17, 2010 17:22 EDT
NEW YORK (Reuters) - Lenny Dykstra filed a $100 million lawsuit against JPMorgan Chase & Co alleging he was fraudulently induced into borrowing more money than he could afford, leading to the former star baseball center fielder's bankruptcy.
CIBC wins dismissal of suit over subprime holdings
Mar 17, 2010 15:57 EDT
NEW YORK (Reuters) - A U.S. federal judge dismissed a shareholder lawsuit accusing Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages.
CIT posts $1 billion quarterly loss
Mar 16, 2010 19:56 EDT
NEW YORK (Reuters) - CIT Group Inc <CIT.N> reported a $1 billion loss in the fourth quarter on Tuesday, excluding one-time items and accounting adjustments, as the recently bankrupt commercial lender was hurt by high borrowing and credit costs.
NASA chief Bolden sees opportunities for industry
Mar 16, 2010 16:46 EDT
WASHINGTON (Reuters) - NASA Administrator Charles Bolden defended the U.S. space agency's budget on Tuesday and said its focus on commercial space transportation would provide "incredible opportunities" for U.S. companies.
GE sees profit, dividend up in 2011, shares climb
Mar 16, 2010 15:46 EDT
BOSTON (Reuters) - After two rocky years and a severe global financial crisis, General Electric Co <GE.N> expects its profit and dividend to rise in 2011, the largest U.S. conglomerate's chief financial officer said.
Hollywood braces for talks on DVD releases
Mar 16, 2010 10:52 EDT
LOS ANGELES (Reuters) - Top Hollywood executives and theater owners will seek this week to resolve a brewing dispute over DVD release schedules, a contentious question as the industry grapples with shifting viewer patterns and the advent of high-tech home entertainment.
Ex-NY bank president first accused of TARP fraud
Mar 15, 2010 18:19 EDT
NEW YORK (Reuters) - The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
