Archive December 2013

Apple says never worked with NSA on iPhone hacks

Published 31/12/2013

SAN FRANCISCO (Reuters) - Apple Inc has never worked with the U.S. National Security Agency and is unaware of efforts to target its smartphones, the [more…]

Cohen’s SAC ends life as hedge fund with double-digit returns

Published 31/12/2013

BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this [more…]

Merrill taps rich investors for ex-convict social-impact bond

Published 31/12/2013

NEW YORK (Reuters) - Merrill Lynch and U.S. Trust reached out to some high-powered clients this quarter to invest in a social-impact bond whose proceeds [more…]

Egypt’s top prosecutor detains Al Jazeera journalists for 15 days

Published 31/12/2013

CAIRO (Reuters) - Egypt's general prosecutor on Tuesday detained several journalists for 15 days for broadcasting graphics on the Qatar-based Al Jazeera channel that damaged [more…]

Hewlett-Packard to cut 5,000 more jobs

Published 31/12/2013

(Reuters) - Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce. [more…]

U.S. consumer mood brightens, but home price gains slow

Published 31/12/2013

NEW YORK (Reuters) - U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices [more…]

Chinese recycling tycoon says he wants to buy New York Times

Published 31/12/2013

BEIJING (Reuters) - An eccentric Chinese recycling magnate said on Tuesday he was preparing to open negotiations to buy the New York Times Co. Chen [more…]

Justice Department defends Apple monitor in e-books case

Published 31/12/2013

NEW YORK (Reuters) - A bitter battle between Apple Inc and a lawyer appointed to monitor its compliance with a court antitrust ruling escalated on [more…]

Deutsche Telekom’s new CEO faces twin tests

Published 31/12/2013

FRANKFURT (Reuters) - When Deutsche Telekom's new Chief Executive Tim Hoettges takes office on Wednesday, a revival of mergers and acquisitions in the sector and [more…]

Netflix hikes CEO salary by 50 percent for 2014

Published 31/12/2013

(Reuters) - Netflix Inc raised the salary of its Chief Executive Reed Hastings by 50 percent to $6 million for 2014, a regulatory filing showed, [more…]