Posted on 21 May 2013
TOKYO (Reuters) – Japan’s exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world’s third-biggest economy as policymakers try to engineer a sustained reviv…
Posted on 21 May 2013
TOKYO (Reuters) – Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on Wednesday after the Nikkei newspaper reported Sony is considering evaluating a proposal from top shareholder Third Point LLC to spin off its movie and music busine…
Posted on 21 May 2013
CORK/DUBLIN (Reuters) – Ireland said on Tuesday it was not to blame for Apple Inc’s low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stas…
Posted on 21 May 2013
NEW YORK (Reuters) – UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports.
Posted on 21 May 2013
TAMPA, Florida (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities – he hinted he might quit.

Posted on 21 May 2013
NEW YORK (Reuters) – U.S. prosecutors are considering charging Steven A. Cohen’s SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.
Posted on 21 May 2013
MEXICO CITY (Reuters) – A U.S. cellphone company owned by Carlos Slim has asked Californian authorities to investigate the funding behind protests against the Mexican tycoon by lobby group Two Countries, One Voice.
Posted on 21 May 2013
LONDON (Reuters) – Google Inc’s tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labor party accuses the Internet company of wrongly going to “extraordinary lengths” to avoid paying tax.
Posted on 21 May 2013
BOSTON/NEW YORK (Reuters) – As federal prosecutors circle Steven A. Cohen’s $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money.
Posted on 21 May 2013
TOKYO (Reuters) – Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value.
Posted on 21 May 2013
(Reuters) – ESPN, the sports channel that is Walt Disney Co’s most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.
Posted on 21 May 2013
(Reuters) – Gap Inc’s chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh’s garment industry, provided there were some “very minor accommodations.”
Posted on 21 May 2013
(Reuters) – Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported.
Posted on 21 May 2013
FRANKFURT/NEW YORK (Reuters) – Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back it…
Posted on 21 May 2013
WASHINGTON (Reuters) – Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief said on Tuesday.
Posted on 21 May 2013
BRUSSELS (Reuters) – The European Union is willing to deepen trade ties with China but wants to see concessions from Beijing first, documents seen by Reuters on Tuesday showed.
Posted on 21 May 2013
BRUSSELS/PARIS (Reuters) – Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.
Posted on 21 May 2013
NEW YORK (Reuters) – Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.
Posted on 21 May 2013
WINNIPEG, Manitoba/CHICAGO (Reuters) – The United States is poised to introduce stricter rules on the labeling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada and Mexico.
Posted on 21 May 2013
DETROIT (Reuters) – A boutique carmaker led by a former General Motors Co executive Bob Lutz and China’s largest auto parts supplier submitted an offer to buy cash-strapped “green” car company Fisker Automotive, people familiar with the matter said.
Posted on 21 May 2013
WASHINGTON (Reuters) – Two executives at Japan’s Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on T…
Posted on 21 May 2013
SAN FRANCISCO (Reuters) – Intel Corp’s new chief executive, Brian Krzanich, has reorganized key business groups and created a “new devices” unit, according to a source who has seen an internal email, shaking up the world’s top chipmaker days after form…
Posted on 21 May 2013
NEW YORK (Reuters) – Glencore Xstrata’s head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month.
Posted on 21 May 2013
(Reuters) – Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only “v…
Posted on 21 May 2013
SAO PAULO (Reuters) – SkyWest Inc , the world’s largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA , in a deal that could climb to 200 aircraft and a total price tag of more than $8 billion.