HP says executive from EMC cleared to start work
SAN FRANCISCO (Reuters) – Hewlett-Packard Co (HPQ.N) said on Tuesday a Massachusetts court has cleared a top executive who was lured away from rival EMC Corp (EMC.
Saudi Arabia Says ‘No Need’ for OPEC Production Cut
By Ayesha Daya and Fred Pals May 27 (Bloomberg) — OPEC has “no need” to cut oil production because there are signs of a recovery in demand, meaning inventories will eventually decline, Saudi Arabian Oil Minister Ali al-Naimi said.
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.
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.
Friedman Says “Followed The Rules” In Goldman, NY Fed Ties
NEW YORK -(Dow Jones)- Stephen Friedman , who resigned as chairman of the New York Federal Reserve Bank amid concerns about his ties to Goldman Sachs Group Inc. (GS), said on Friday that he “followed the rules” regarding his overlapping roles at both …
Fiat’s Bid for Opel ‘More Advanced’ Than Rival’s, Official Says
By Anthony DiPaola May 9 (Bloomberg) — Fiat SpA’s bid for General Motors Corp.’s Opel unit is “more advanced” than a rival’s as Italy’s largest carmaker pledges to keep more jobs in Europe, a German government official involved in the talks said.
Sun Micro says may have violated US bribery law
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 …
Goldman Sachs CEO says business off ‘lowest ebb’
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.
Trichet Says ECB Agrees on $81 Billion Bond Plan
By Jana Randow and Simone Meier May 7 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed a 60 billion-euro ($80 billion) plan to buy bonds as officials step up their response to the worst recession since …
Madoff ex-secretary says she helped FBI gather evidence
NEW YORK (Reuters) – Bernard Madoff, in the weeks before his arrest, seemed to be “in a coma,” refused to look at his mail and started checking his blood pressure every 15 minutes, his longtime secretary says in Vanity Fair magazine.