Auto Bailout: Dealers Press Constitutional Case Against U.S. More than 220 former car dealers are pressing their case that the Obama administration violated the U.S. Constitution when the car makers terminated franchise agreements while in bankruptcy restructuring.
Continue reading …Sprint’s bottom line beats Street estimates (Reuters) – Sprint Nextel’s stronger than expected wireless operating income helped it post a quarterly net loss that was narrower than Wall Street estimates.
Continue reading …Microsoft rises as better PC sales boost profit (Reuters) – Shares of Microsoft Corp rose more than 5 percent on Friday after the world’s largest software maker reported a quarterly profit that beat Wall Street forecasts on better-than-expected…
Continue reading …Old Brands Get a Second Shot Entrepreneurs are snapping up the rights to revive popular brand names from days gone by.
Continue reading …GM Seeks Sway in China General Motors and its main Chinese partner, Shanghai Automotive Industry, agreed to restructure their joint venture to give GM equal say in key decisions.
Continue reading …Google, Oracle Courtroom Showdown Looms Opening arguments are expected to begin as soon as Tuesday in the legal showdown between Google and Oracle. Oracle alleges that Google’s Android mobile phone software infringes on Java patents and copyrights.
Continue reading …Sony, Sharp shares plunge on massive loss estimates TOKYO (Reuters) – Shares of Sony Corp and Sharp Corp plunged on Wednesday after the TV makers flagged a combined 900 billion yen ($ 11 billion) in full-year net losses, highlighting the crumbling of…
Continue reading …Groupon revises 4th quarter results, shares fall (Reuters) – Groupon Inc unnerved investors again after it increased its previously reported fourth-quarter net loss and cut its revenue, blaming higher-than-anticipated refunds on deals.
Continue reading …CEO Pay Lags Behind 2011 Results For big companies, 2011 was a good year. For their CEOs, it was surprisingly mediocre.
Continue reading …Apple’s Cook finally shares billion cache SAN FRANCISCO (Reuters) – Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly…
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