By Jim Finkle BOSTON, May 8 (Reuters) – Sun Microsystems Inc, a hardware maker that Oracle Corp is buying for more than $7 billion, may have broken a US law prohibiting companies from bribing foreign officials, Sun said in a regulatory filing on Friday …
By Joseph A. Giannone NEW YORK, May 8 (Reuters) – Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) Chief Executive Lloyd Blankfein sounded a guardedly optimistic forecast for an economic recovery during the bank’s annual meeting on Friday.
May 7 (Bloomberg) — Nintendo Co., the world’s largest maker of video-game players, forecast earnings that missed analysts’ estimates as demand for its Wii console slows and sales of the portable DS player head for their first annual drop.
May 7 (Bloomberg) — Adidas AG, the world’s second-largest sporting-goods maker, forecast higher sales at its TaylorMade golf unit this year and said its ambition is to overtake larger rivals Acushnet Co. and Callaway Golf Co.
Macy’s Inc. reported a 9.1 percent drop in same-store sales in April, compared to analysts’ projections of minus 7.5 percent, and upgraded its first-quarter profit outlook.
By Allison Abell Schwartz and Cotten Timberlake May 7 (Bloomberg) — Wal-Mart Stores Inc. and Aeropostale Inc. reported April sales that exceeded some predictions as the Easter holiday, warmer weather and spring clearance promotions spurred spending.
LONDON (Dow Jones)–Unilever PLC (UN, UL) doesn’t need to cut prices in order to achieve its key objective of growing volume, the consumer goods group’s chief executive said Thursday.
By KEVIN KINGSBURY PepsiAmericas Inc. followed Pepsi Bottling Group Inc. in rejecting PepsiCo Inc.’s offer to buy the rest of the company it doesn’t already own, calling it unacceptable.
By David Mildenberg and Rebecca Christie May 6 (Bloomberg) — Bank of America Corp. rose 11 percent in New York trading as investors speculated the lender can meet US demands for capital by selling assets or converting the government’s preferred stake …
Austin-based Borland (Nasdaq: BORL) reached the agreement with Micro Focus, which will buy each outstanding share of Borland’s common stock for $1 a share, a 25 percent premium over the company’s May 5 closing price.