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    • Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York
      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 … More »Adobe profit beats as Creative Cloud subscriptions soar

      Narayen, president and chief executive officer of Adobe Systems Inc., speaks in New York

      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. …

    • Fourth F-35 Lightning II arrives at Nellis Air Force Base
      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 … More »Pentagon, contractors take aim at F-35 operating costs

      Fourth F-35 Lightning II arrives at Nellis Air Force Base

      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 …

    • An aerial view of the 50th Paris Air Show, at the Le Bourget airport near Paris
      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 … More »Boeing's new Dreamliner steps up big jet battle

      An aerial view of the 50th Paris Air Show, at the Le Bourget airport near Paris

      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 …

    • The Google logo is seen on the top of its China headquarters building in Beijing
      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 … More »Google challenges surveillance court on First Amendment grounds

      The Google logo is seen on the top of its China headquarters building in Beijing

      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 …

    • A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration
      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 … More »Exclusive: Facebook reaches 1 million active advertisers

      A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration

      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. …

    • A worker walks past Amazon Fresh delivery vans parked at an Amazon Fresh warehouse in Inglewood
      From the ashes of Webvan, Amazon builds a grocery business

      By Alistair Barr SAN FRANCISCO (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital … More »From the ashes of Webvan, Amazon builds a grocery business

      A worker walks past Amazon Fresh delivery vans parked at an Amazon Fresh warehouse in Inglewood

      By Alistair Barr SAN FRANCISCO (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001. Twelve years later, though, Webvan is …

    • The logo on the front of a Jeep vehicle is shown at a Chrysler dealership in Carlsbad, California
      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 … More »Chrysler relents, to recall 2.7 million Jeeps over fuel tanks

      The logo on the front of a Jeep vehicle is shown at a Chrysler dealership in Carlsbad, California

      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 …

    • Prices are seen on goods in a shop window in New York City
      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 … More »Inflation data points to firming economy

      Prices are seen on goods in a shop window in New York City

      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 …

    • File photo of U.S. President Obama meeting with Federal Reserve Chairman Bernanke at the White House in Washington
      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 … More »Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed

      File photo of U.S. President Obama meeting with Federal Reserve Chairman Bernanke at the White House in Washington

      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 …

    • Traders work on the floor at the New York Stock Exchange
      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 … More »Wall St. extends rise, investors see no change in Fed policy

      Traders work on the floor at the New York Stock Exchange

      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 …

    • People walk past a Sprint store in New York
      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 … More »Sprint sues Dish, Clearwire as key deadline looms

      People walk past a Sprint store in New York

      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 …

    • Rogers, CEO of Duke Energy speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte, North Carolina
      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 … More »Duke Energy turns to insider to succeed CEO Rogers

      Rogers, CEO of Duke Energy speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte, North Carolina

      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 …

    • The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi
      Deloitte to pay $10 million to settle misconduct accusations

      By Karen Freifeld NEW YORK (Reuters) - A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an … More »Deloitte to pay $10 million to settle misconduct accusations

      The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi

      By Karen Freifeld NEW YORK (Reuters) - A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered Bank. Deloitte Financial Advisory Services also agreed to a one-year …

    • 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 …

    • Newman, Diamondback Capital Management portfolio manager, exits the United States Court in Manhattan
      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 … More »Ex-fund managers can remain free during U.S. insider trading appeal

      Newman, Diamondback Capital Management portfolio manager, exits the United States Court in Manhattan

      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, …

     

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