Lenovo Says Challenges Still Remain
By JACKIE CHEUNG HONG KONG — Lenovo Group Ltd. said it swung to a fiscal fourth-quarter net loss due to hefty restructuring charges and weak demand.
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Barnes & Noble makes smaller loss
Barnes & Noble posts a smaller-than-expected first-quarter loss of $2.1m (£1.4m) due to stronger sales, better margins and cost controls.
Xerox Says Mulcahy to Retire; Burns Named Successor
By Katie Hoffmann May 21 (Bloomberg) — Xerox Corp., the world’s largest maker of high-speed color printers, said Anne Mulcahy will retire as chief executive officer of the company she helped revive, naming President Ursula Burns as her successor.
Millard’s Investment Plan for Pension Agency Wasn’t Implemented
By Holly Rosenkrantz May 15 (Bloomberg) — The Pension Benefit Guaranty Corp. said it never fully implemented the “less conservative” investment strategy spearheaded by former Director Charles EF Millard, who is now under scrutiny for his ties to Wall …
CF again rebuffs Agrium and pursues Terra
By Robert Daniel, MarketWatch TEL AVIV (MarketWatch) — CF Industries Holdings Inc. rejected the latest revised takeover proposal from Agrium Inc., calling the deal price inadequate.
Tough Times for Netflix – Barron’s
Ask anyone what’s the latest trend in the video rental business and they’d likely say digital, as giants Netflix (NFLX) and Blockbuster (BBI) scramble to beef up their online rental and streaming services.
Temasek sells stake in bofa
According to the newspaper, Temasek lost an estimated $2 billion or more on investments it made in Merrill Lynch & Co. and bofa.
Buffett’s Berkshire Boosted Wells Fargo Stake as Shares Fell
By Erik Holm May 16 (Bloomberg) — Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. added to holdings of lenders Wells Fargo & Co and US Bancorp in the first quarter as the shares traded at their lowest prices in more than a decade.
Sony faces heavy losses, unsure of what to do to fix the problem
Suffering due to an extremely turbulent global economy, Sony has reported its first full-year annual loss in 14 years, also noting that the next fiscal year could keep the company in the red.
Lawsuit accuses Costco of false imprisonment of workers
It says the warehouse club operator is breaking California labor law by routinely keeping employees from going home each night as managers remove jewelry from cases and check registers.