Business news Archive, Page 2

Dell profit plunges on disappointing... 4 hours ago

US computer maker Dell on Tuesday reported a 33 percent drop in profits in a disappointing quarterly report for former market leader. ...more

Germany's SAP grabs US cloud firm for... 4 hours ago

German business software giant SAP said Tuesday it was acquiring US cloud-based e-commerce firm Ariba for $4.3 billion in a move boosting its arsenal against arch-rival Oracle. ...more

Greek banks to get recapitalisation... 4 hours ago

ATHENS (Reuters) - Greece's financial stability fund approved an 18 billion euro ($14.5 billion pounds) injection of capital into the country's four biggest banks on Tuesday and will release the funds ...more

Ford credit rating raised to investment... 4 hours ago

Moody's boosted Ford's credit... ...more

JPMorgan hires former SEC enforcer over... 5 hours ago

(Reuters) - JPMorgan Chase & Co has hired former U.S. Securities and Exchange Commission enforcement chief William McLucas to assist the firm in probes of its loss of at least $2 billion (1.26 billion pounds) on credit derivatives trades, according to bank spokesman Joseph Evangelisti. McLucas, who was not immediately available for comment, was director of the SEC's Division of Enforcement for eight years. ... ...more

Japan's Panasonic plans fridge factory... 5 hours ago

LONDON (Reuters) - Japanese electronics group Panasonic plans to open a European factory this year to make home appliances, a market it is targeting as sales of televisions stagnate, in a rare vote of ...more

Gupta on Rajaratnam's "important people... 5 hours ago

NEW YORK (Reuters) - Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed ...more

General Mills to cut 850 jobs 5 hours ago

US food giant General Mills... ...more

Italy's UniCredit, Intesa selling stakes... 6 hours ago

MILAN (Reuters) - Italian banks UniCredit and Intesa Sanpaolo said they were selling their combined 11.5 percent stake in the London Stock Exchange (LSE) , as they both move to shed non-core assets and ...more

Lagarde says Greek reforms inevitable... 6 hours ago

IMF chief Christine Lagarde said Tuesday that Greece's left will have to face tough fiscal... ...more

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