Business News

Thu, May 24, 2012

Alibaba.com says 83.8 percent of shareholders back privatization

HONG KONG (Reuters) - Alibaba.com Ltd <1688.HK>, Hong Kong-listed unit of China's Alibaba Group , said on Friday that 83.8 percent of its shareholders ...

Thu, May 24, 2012

Lockheed uses temporary workers at striking Texas plant

By Jim Wolf

WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's top supplier by sales, began using temporary workers on Thursday in place of ...

Thu, May 24, 2012

Fannie Mae narrows CEO search to two: report

(Reuters) - Fannie Mae could soon offer its top job to Timothy Mayopoulos, the government-controlled mortgage firm's general counsel, the Wall Street Journal reported ...

Thu, May 24, 2012

Independent director Daft quits Green Mountain board

By Mihir Dalal and Martinne Geller

(Reuters) - Green Mountain Coffee Roasters Inc independent director Douglas Daft resigned from its board this week at a ...

Thu, May 24, 2012

Chile Codelco CEO Hernandez to resign, CFO to step in

By Alexandra Ulmer and Fabian Cambero

SANTIAGO (Reuters) - Chilean state copper giant Codelco's CEO Diego Hernandez abruptly resigned on Thursday and will be ...

Thu, May 24, 2012

Lehman in $1.58 billion Archstone apartment deal: sources

By Ilaina Jonas

NEW YORK (Reuters) - Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last ...

Thu, May 24, 2012

What would Greek exit mean for the U.S. economy?

By Stella Dawson

WASHINGTON (Reuters) - Uncertainty over the fate of the euro currency is already dampening U.S. economic growth and any significant worsening ...

Thu, May 24, 2012

Email, wiretaps, at trial link Gupta to Rajaratnam

By Grant McCool

NEW YORK (Reuters) - Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, U.S ...

Thu, May 24, 2012

BlackRock group raises Chesapeake stake: source

By Jessica Toonkel

(Reuters) - BlackRock Inc's Global Resources team increased its Chesapeake Energy Corp stake to 4 million shares from fewer than 1 ...

Thu, May 24, 2012

Apple CEO gives up $75 million in dividend income

By Poornima Gupta

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million ...