COMPANIES

General Motors Launches $26 Billion Pension Buyout

General Motors Company (NYSE: GM) will provide certain salaried retirees with a lump-sum pension payment offer in lieu of normal monthly pension payments, a move which is expected to reduce the pension obligation of the nation's largest automaker by $26 billion, the company announced Friday.
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BP To Sell Stake In TNK-BP, May Be Worth $30B+

BP PLC is selling its stake in Russia-based crude oil and natural gas venture TNK-BP after receiving a unsolicited indications of interest regarding the potential acquisition, the British company said Friday.
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May Retail Sales Stronger Than Expected: Reuters

Several top retailers reported stronger-than-expected sales in May Thursday, Reuters is reporting, providing a moderate surprise to Wall Street retail analysts, who had warned May might prove a disappointing month in terms of revenue for many stores.

Apple Without Steve Jobs: 9 Things CEO Tim Cook Is Doing To Move Forward

It was strange not to see Steve Jobs fill one of the iconic red executive chairs at the D10 Conference in Rancho Palos Verdes, Calif., hosted by All Things Digital's Walt Mossberg and Kara Swisher, but current Apple CEO Tim Cook did his best to fill the massive vacancy left by Jobs with some heartwarming stories about Steve, his life at Apple, and some encouraging signs that the world's most valuable technology company is moving in the right direction.
US Stocks

3 Dividend-Plus-Growth US Stocks For Jittery Investors

No, you haven?t imagined it: trying to find a decent investment in these volatile financial times is like trying to find a diamond amid ashes. With the aforementioned in mind, here are three dividend plays that may not be diamonds, but they're worthy of consideration.

Ford Launches Major Pension Buyout Plan

Ford Motor Company (NYSE: F) will offer a pension buyout to 98,000 retirees and former employees of the nation's second biggest car company, Reuters reported Thursday.
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J.P. Morgan Reported Overhauling Unit With $2B Loss

J.P. Morgan Chase & Co is spinning off the special investments group from its scandal-plagued chief investment office in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.
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Ford Readies First Set Of Landmark Pension Buyouts

Ford Motor Co will pursue its boldest attempt yet to tackle a nearly $50 billion risk to its business when it begins offering lump-sum pension payout offers to 98,000 white-collar retirees and former employees this summer.
IBM's SlamTracker for 2012 French Open

IBM Deploying Cloud Servers For French Open Fans

International Business Machines Corp. (NYSE: IBM) said it was deploying cloud, or Internet, computing services for the website of the French Open so that it can handle as much as 100 times normal traffic.
News of the World

Andy Coulson, Former News Of The World Editor, Detained On Perjury Charges

In the most recent development of the scandal that has rocked Rupert Murdoch's disgraced News of the World tabloid, former editor Andy Coulson has been detained on perjury charges over court testimony about phone hacking. Coulson, 44, has been taken into custody by Scottish police as a part of an investigation into phone hacking and perjury at the trial of politician Tommy Sheridan.
A Case tractor. Case is one of the brands produced by CMH, along with New Holland. CMH is merging with Fiat Industrial S.p.A.

Fiat Industrial, CNH To Merge

Fiat Industrial S.p.A. (Milan, FI), a 2010 spin-off of Fiat S.p.A. that makes trucks and tractors, plans to merge with CNH Global NV (NYSE: CNH), the producer of Case and New Holland brand tractors, the company announced Wednesday.
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RIM Activist Investor: Split Company In Half For Sale

Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.
Eduardo Saverin

Eduardo Saverin Speaks Out; 'I Will Pay Hundreds Of Millions Of Dollars In Taxes To The American Government,' Says Facebook Co-Founder

Facebook co-founder Eduardo Saverin has been pretty uncommunicative ever since the details of his flashy Singapore lifestyle, along with the renouncing of his American citizenship, made news headlines. But that all changed recently when Zuckerberg's former business partner, now a newly made billionaire thanks to the Facebook IPO, sat down for an interview with a magazine from his family's native Brazil.
Facebook

Facebook Shares Plunge To New Lows

Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell to a new low following its $16 billion May 17 initial public offering.
Buffett-backed BYD opens up 22 pct after $219 mln China IPO

Chinese BYD Shares Bungee After Fatal Electric Car Crash

Shares of Chinese electric carmaker BYD Company Ltd. (Hong Kong: 1211), which is partially owned by Warren Buffett, recovered some of the losses suffered after one of its e6 electric cars caught fire in a crash which killed three people in southern China.

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