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Diebold Taps CEO for Turnaround

Thu, 06/06/2013 - 8:39am
Diebold has hired Andy W. Mattes, a former Hewlett-Packard executive, to lead the struggling maker of automated teller machines.
Categories: Business News

CRU, After Libor Scandal, Audits Steel Prices in Index

Thu, 06/06/2013 - 8:30am
A key price compiler in the global steel industry said it will begin auditing its data providers, part of an effort to address concerns about transparency in price indexes following the Libor rate-fixing scandal.
Categories: Business News

Telenor to Bid for Myanmar License

Thu, 06/06/2013 - 8:00am
Norwegian telecommunications company Telenor, already well-established in Asia's emerging markets, is hoping for an early entrance into the world's last major untapped market: Myanmar.
Categories: Business News

Casino Tycoon Invests in Budget Carrier

Thu, 06/06/2013 - 7:48am
Shun Tak, the shipping and property arm of Stanley Ho's business empire, will pay up to $66 million for its stake in budget carrier Jetstar Hong Kong.
Categories: Business News

Pepsi Denies SodaStream Talks Report

Thu, 06/06/2013 - 7:10am
PepsiCo denied a report in an Israeli newspaper that it is in talks to acquire SodaStream, the maker of countertop machines that turn tap water into soda.
Categories: Business News

Broadcom Seeks Emerging Market Push

Thu, 06/06/2013 - 6:33am
U.S. chip designer Broadcom is moving to tap the fast-growing market for low-cost smartphones by forming partnerships with local carriers and handset makers in emerging markets.
Categories: Business News

U.S. Bancorp Unit Sued Over Role in Peregrine Fraud

Thu, 06/06/2013 - 6:02am
The Commodity Futures Trading Commission sued U.S. Bank, a unit of U.S. Bancorp, for not protecting customer money that was at the center of the Peregrine Financial Group fraud.
Categories: Business News

China Supercomputer Poised for Top Rank

Thu, 06/06/2013 - 5:16am
U.S. researchers are bracing for the prospect that China will once again have the world's fastest computer—and could hang on to the speed crown for some time.
Categories: Business News

China's Jinchuan to Cut Copper Supply by Half

Thu, 06/06/2013 - 4:30am
A major Chinese copper producer has declared force majeure at one of its smelters in a glitch that is likely to reduce its supply by half for the next few months.
Categories: Business News

Koch Confirms Interest in Acquiring Newspapers

Thu, 06/06/2013 - 3:57am
Billionaire Charles Koch confirmed that his company is looking at acquiring newspapers, but said he wants a profitable business, not a forum to advance his politics
Categories: Business News

Monsanto Weighs Sabotage as Cause of Wheat Incident

Thu, 06/06/2013 - 3:56am
Monsanto said it is considering sabotage as a possible cause of the finding of unapproved genetically modified wheat in an Oregon field and that its testing reaffirms the incident is isolated.
Categories: Business News