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| Regulator Outlines JP Morgan Electricity-Market Allegations Wall Street Journal WASHINGTON—Federal energy regulators said traders at J.P. Morgan Chase & Co. used eight different strategies to wring "excessive payments" from electricity markets, offering their first formal allegations of fraudulent activity after a yearslong investigation. See all stories on this topic » | |
| Dan Loeb To Sony: No More Mr. Nice Guy For Company That Makes Box-Office ... Forbes When Daniel Loeb first revealed his activist position in Sony Sony in May, the brash New York hedge fund billionaire took a delicate and respectful approach in advocating that the electronics company break itself up. He complemented Sony's recent reform ... See all stories on this topic » | |
| Amazon Hiring 5000 in Warehouses to Meet Customer Demand Bloomberg Amazon.com Inc. (AMZN) is boosting staff in 17 U.S. warehouses, adding more than 5,000 full-time jobs to meet brisk demand for products sold by the world's biggest Web retailer. The new hires will join more than 20,000 employees working at Amazon's more ... See all stories on this topic » | |
| Kuroda Sees Japan Economy Weathering Planned Sales-Tax Rise Bloomberg Bank of Japan Governor Haruhiko Kuroda indicated little concern that a planned sales-tax rise would derail an economic rebound as Prime Minister Shinzo Abe considers whether to proceed with the move. "A two-step sales tax increase won't give major ... See all stories on this topic » | |
| Oil Spill in Thailand's Sea Reaches Tourist Island ABC News An oil spill that leaked from a pipeline has reached a popular tourist island in Thailand's eastern sea despite continuous attempts to clean it up over the weekend, officials said Monday. About 50 tons of crude oil spilled into the sea off Rayong province ... See all stories on this topic » | |
| Apple's Response to Latest Supplier Labor Abuse Allegations Wall Street Journal New York-based nonprofit China Labor Watch on Monday released a report alleging labor abuses– including environmental and safety violations, withholding of worker pay and poor living conditions — at Apple Inc.'s Taiwanese contractor Pegatron. See all stories on this topic » | |
| Drugmaker Perrigo to buy Ireland's Elan for $8.6 billion CNBC.com U.S. generic drugmaker Perrigo agreed to buy fellow drug company Elan for $8.6 billion on Monday in a deal that will hand it royalty rights from a blockbuster treatment and tax savings from being domiciled in Ireland. Elan put itself up for sale last month after ... See all stories on this topic » | |
| Herbalife surge costing hedge fund mogul $200 million New York Post Hedge fund mogul Bill Ackman likes to say short selling causes "brain damage" — and his $1 billion short on Herbalife is proving a case in point. Herbalife shares have surged in the past two weeks, pushing Ackman into the red for the first time since he ... See all stories on this topic » | |
| Dollar Hits One-Month Low Vs Yen as Fed, US Econ In Focus Wall Street Journal The dollar fell against other major currencies in Asia Monday, hitting a fresh one-month low against the yen, amid expectations that the Federal Reserve will stick to ultra-low interest rates for a considerable length of time and caution over the pace of a U.S. ... See all stories on this topic » | |
| HBC snaps up Saks for $2.9-billion, plans Canadian rollout Globe and Mail Hudson's Bay Co. has sealed a deal to buy Saks Inc., a move that would see the U.S. luxury department-store retailer being launched in Canada along with its Saks Off Fifth discount sister chain. Richard Baker, the U.S. real-estate magnate who snapped up ... See all stories on this topic » |
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