Adobe profit beats as Creative Cloud subscriptions soarBy Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based … More »Adobe profit beats as Creative Cloud subscriptions soar
By Sruthi Ramakrishnan (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for Creative Cloud, the subscription-based version of its flagship software package. Shares of the company rose 4.4 percent in after-market trading. …
Pentagon, contractors take aim at F-35 operating costsBy Andrea Shalal-Esa PARIS (Reuters) - With development and technology challenges on the Lockheed Martin Corp F-35 fighter increasingly under control, the company and the U.S. military are taking aim at … More »Pentagon, contractors take aim at F-35 operating costs
By Andrea Shalal-Esa PARIS (Reuters) - With development and technology challenges on the Lockheed Martin Corp F-35 fighter increasingly under control, the company and the U.S. military are taking aim at a more vexing problem: the cost of flying and maintaining the new warplane. U.S. officials worry the current $1.1 trillion …
Boeing's new Dreamliner steps up big jet battleBy Alwyn Scott and Tim Hepher PARIS (Reuters) - Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, intensifying the battle with rival Airbus in the booming … More »Boeing's new Dreamliner steps up big jet battle
By Alwyn Scott and Tim Hepher PARIS (Reuters) - Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, intensifying the battle with rival Airbus in the booming market for fuel-efficient, long-haul jets. The hotly anticipated announcement of the 787-10 Dreamliner, with 102 firm …
Exclusive: Facebook reaches 1 million active advertisersBy Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive … More »Exclusive: Facebook reaches 1 million active advertisers
By Jennifer Saba (Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth. A vast majority of those advertisers are small business owners who have flocked to the world's No. …
Google challenges surveillance court on First Amendment groundsSEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal … More »Google challenges surveillance court on First Amendment grounds
SEATTLE (Reuters) - Google Inc asked the U.S. Foreign Intelligence Surveillance Court on Tuesday to allow it to publish aggregate numbers of national security requests it receives separately from criminal requests, on First Amendment grounds. In its filing, Google requested the court to allow it to publish the aggregate …
Inflation data points to firming economyBy Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating … More »Inflation data points to firming economy
By Jason Lange WASHINGTON (Reuters) - Inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want to avoid any chance of a debilitating bout of deflation. The Labor Department said on Tuesday the consumer price index edged 0.1 percent higher last month …
Obama says Bernanke has 'stayed a lot longer' than he wanted at FedBy Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed … More »Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed
By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned. Obama, speaking to Charlie Rose, host of a PBS interview …
Wall St. extends rise, investors see no change in Fed policyBy Ryan Vlastelica NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected … More »Wall St. extends rise, investors see no change in Fed policy
By Ryan Vlastelica NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. Strong market breadth showed an increased appetite for equities, but trading volume …
Duke Energy turns to insider to succeed CEO RogersBy Eileen O'Grady and Anna Driver (Reuters) - Duke Energy Corp has turned to an insider, Chief Financial Officer Lynn Good, to take over as chief executive when Jim Rogers steps down as part of a regulatory … More »Duke Energy turns to insider to succeed CEO Rogers
By Eileen O'Grady and Anna Driver (Reuters) - Duke Energy Corp has turned to an insider, Chief Financial Officer Lynn Good, to take over as chief executive when Jim Rogers steps down as part of a regulatory settlement linked to its $18 billion takeover of Progress Energy. Good, 54, a veteran of the U.S. utility industry …
Sprint sues Dish, Clearwire as key deadline loomsBy Jonathan Stempel and Sruthi Ramakrishnan (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover … More »Sprint sues Dish, Clearwire as key deadline looms
By Jonathan Stempel and Sruthi Ramakrishnan (Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery …
Chrysler relents, to recall 2.7 million Jeeps over fuel tanksBy Bernie Woodall DETROIT (Reuters) - Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection … More »Chrysler relents, to recall 2.7 million Jeeps over fuel tanks
By Bernie Woodall DETROIT (Reuters) - Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks. The recall will affect Jeep Grand Cherokee SUVs from model years 1993 to 2004 and Jeep Liberty …
Ex-fund managers can remain free during U.S. insider trading appealBy Nate Raymond NEW YORK (Reuters) - Two former hedge fund managers persuaded a U.S. appeals court on Tuesday to allow them to remain free on bail as they seek to have their insider-trading convictions … More »Ex-fund managers can remain free during U.S. insider trading appeal
By Nate Raymond NEW YORK (Reuters) - Two former hedge fund managers persuaded a U.S. appeals court on Tuesday to allow them to remain free on bail as they seek to have their insider-trading convictions thrown out. Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, and Anthony Chiasson, …
- United Technologies told to pay $473 million to U.S. in lawsuit
By Nate Raymond (Reuters) - A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s. The ruling … More »United Technologies told to pay $473 million to U.S. in lawsuit
By Nate Raymond (Reuters) - A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980s. The ruling by U.S. District Judge Thomas Rose in Dayton, Ohio, was issued Monday for a 1999 lawsuit in which the Department of …
- J&J in $1 billion deal to bolster prostate-cancer focus
By Ransdell Pierson (Reuters) - Johnson & Johnson said it would pay up to $1 billion for Aragon Pharmaceuticals and its experimental drugs for prostate cancer, to bolster J&J's role in the field after … More »J&J in $1 billion deal to bolster prostate-cancer focus
By Ransdell Pierson (Reuters) - Johnson & Johnson said it would pay up to $1 billion for Aragon Pharmaceuticals and its experimental drugs for prostate cancer, to bolster J&J's role in the field after it acquired another experimental prostate-cancer treatment four years ago that has become a leading brand. J&J on Monday …
Exclusive: Japan's Astellas looks to sell dermatology assets - sourcesBy Jessica Toonkel NEW YORK (Reuters) - Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million and $1 billion, according to three … More »Exclusive: Japan's Astellas looks to sell dermatology assets - sources
By Jessica Toonkel NEW YORK (Reuters) - Japanese drugmaker Astellas Pharma Inc is looking to sell its dermatology portfolio, which could be worth between $500 million and $1 billion, according to three people familiar with the situation. Astellas has hired London-based investment banking boutique DC Advisory to sell the …
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