Back to Topic List  
Company News

 Yahoo executive leaves after 9 months
The San Francisco Chronicle (California), May 20, 2015 Wednesday

 Yahoo's chief information officer Mike Kail has left the company, months after his former employer, Netflix, accused him of fraud.
 Vote called in Staples merger; $6.3B deal prompts meeting in Boca
Sun-Sentinel (Fort Lauderdale, Florida), May 19, 2015 Tuesday

 Office Depot shareholders will meet June 19 in Boca Raton to vote on the retailer's $6.3 billion proposed merger with rival Staples. In a regulatory filing Monday, Office Depot announced a vote on the proposed merger would take place at the company's annual meeting that begins at 8 a.m. at the Renaissance Boca Raton Hotel, 2000 NW 19th St. in Boca Raton.
 China to aid Brazil with Pacific rail link; Asia power touts investments in South America
The Boston Globe, May 20, 2015 Wednesday

 Brazil's President Dilma Rousseff greeted Chinese Premier Li Keqiang before a meeting in Brasilia Monday. BRASILIA — China's Premier Li Keqiang and Brazilian President Dilma Rousseff agreed on Tuesday to embark on studies for an ambitious railway linking Brazil's Atlantic coast with a Pacific port in Peru and announced billions in other investments and trade deals. Rousseff emphasized the importance of the project to cut the time and cost to move commodities to the Asian market.
 Takata doubles air bag recall to 34m cars
The Boston Globe, May 20, 2015 Wednesday

 "As far as we know, this is the largest recall in auto history," said Mark Rosekind (above), head of the national highway traffic safety agency, referring to Takata's air bags. At top, a factory in Moses Lake, Wash. WASHINGTON — Air bag ­maker Takata Corp. gave in to US regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect that has killed at least six people.
 Stocks, oil prices slide lower
The Boston Globe, May 20, 2015 Wednesday

 Oil prices fell for the fifth day in a row as the stock market declined Tuesday. Walmart saw its stock fall 4 percent after it reported weak sales and lower quarterly earnings. The S&P 500 fell a sliver of a percentage point, though for this month it has gained 2 percent. The Dow edged up nearly 0.1 percent, its fourth straight day of gains. Stocks on the move included D.R. Horton, PulteGroup, and other builders, amid positive news on housing starts nationally. Take-Two Interactive, the company...
 Latest self-driving Google car heading to streets
The Seattle Times, May 16, 2015 Saturday

 MOUNTAIN VIEW, Calif. - The latest version of Google's self-driving car - a podlike two-seater that needs no gas pedal or steering wheel - will make its debut on public roads this summer, a significant step in the technology giant's mission to have driverless cars available to consumers in the next five years.
 Air bag recall expands to 33.8M; 'This is the largest recall we know of,' safety board says
USA TODAY, May 20, 2015 Wednesday

 A Japanese maker of automotive air bags has agreed to nearly double the scope of its recall, making it one of the largest in U.S. history, the Transportation Department said Tuesday.
 Walmart rings up disappointment; Earnings drop in wake of wage hikes, currency woes
USA TODAY, May 20, 2015 Wednesday

 Walmart's (WMT) first-quarter earnings fell short of Wall Street expectations as higher worker pay and a stronger dollar hurt the retailer's profit.
 As Hootsuite fattens up, IPO could be on the menu
USA TODAY, May 20, 2015 Wednesday

 Shopify may not be the only Canadian tech start-up big enough to make the journey from the Great White North to Wall Street. Vancouver-based Hootsuite, whose software analyzes social media content for large businesses, has grown similar in size to Shopify, the Ottawa-based provider of e-commerce software whose IPO shares are likely to debut this week.
 I.R.S. Look at Spinoffs May Affect Yahoo Plan
The New York Times, May 20, 2015 Wednesday

 Marissa Mayer's plan to spin off Yahoo's $34 billion stake in Alibaba tax-free could run into resistance from federal tax authorities. An official from the Internal Revenue Service told tax lawyers in Washington on Tuesday that the agency was weighing potential changes to how it treats some kinds of tax-free spinoffs. The I.R.S. is particularly concerned about spinoffs in which the operating business comprises only a small portion of the new publicly traded company, according to the official.  ...
 Vodafone Returns to Quarterly Growth
The New York Times, May 20, 2015 Wednesday

 LONDON -- The British telecommunications giant Vodafone reported its first quarterly revenue gain in almost three years on Tuesday, as the carrier's European operations started to show signs of recovery.

Back to Topic List
Copyright © 2015 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.  
Terms and Conditions   Privacy Policy