Olympus says sues current, former executives
Olympus Corp said on Tuesday it was suing 19 current and former executives including President Shuichi Takayama for up to 3.6 billion yen ($46.84 million) in compensation and that all current board members subject to the lawsuit would resign in March or April, as the firm struggles to recover from one of Japan's worst accounting scandals.
GM sees 2012 market share gains in China, Korea
General Motors Co expects to post market share gains this year in both China and South Korea, a top GM executive said on Monday.
Amazon, Indiana strike state sales tax deal
Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's largest Internet retailer starts collecting sales tax in the state in 2014.
Juniper Networks cuts Q4 outlook
Network equipment maker Juniper Networks Inc cut its fourth-quarter outlook, primarily due to weaker-than-expected router demand from service providers, sending its shares down 4 percent in trading after the bell.
U.S. Aims to Cut Abuses of Phone Subsidy for the Poor
The top U.S. communications regulator on Monday proposed measures to eliminate the waste and fraud plaguing a telephone subsidy for the poor, and broaden the program to bring high-speed Internet to more low-income households.
U.S. eyes fewer abuses of phone subsidy for the poor
The top U.S. communications regulator on Monday proposed measures to eliminate the waste and fraud plaguing a telephone subsidy for the poor, and broaden the program to bring high-speed Internet to more low-income households.
Walmart's free offer could come with a price
As tax season begins, a decision by Wal-Mart Stores Inc to offer some free and discounted tax preparation in conjunction with its check-cashing services at more than 3,000 U.S. stores is less about giving back and more about bringing in, experts cautioned.
Intel readies Ultrabook marketing barrage
Intel plans to make its biggest marketing push since 2003 for a new, super-thin category of laptops it has dubbed ultrabooks, hoping to fend off major strides made by Apple Inc and its MacBook Air into the high-end personal computing market.
Amazon and Indiana strike state sales tax deal
Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's largest Internet retailer starts collecting sales tax in the state in 2014.
Apple's Cook got rich stock award worth $376 million
Apple Inc CEO Tim Cook took in almost $1 million of cash compensation in 2011 but also received a million restricted shares that, when they vest in 2016 and 2021, could net the head of the world's largest consumer electronics firm hundreds of millions of dollars.
Internet body says name expansion won't hurt United Nations
Internet domain name regulators on Monday played down fears by the United Nations and other international bodies that a planned expansion of possible Website addresses could cause them problems, saying safeguards were in place.
Hedge funds had one of worst year's ever in 2011
The final result for 2011 is in: hedge funds posted one of their worst annual performances ever, according to data released on Monday.
Honda sees U.S. sales comeback after dismal 2011
Honda Motor Co <7267.T> is looking to put a year of unprecedented difficulties behind it and boost sales in the United States, its biggest market, by a quarter in 2012, executives said on Monday.
Walgreen starts to move on without Express Scripts
Walgreen Co is going through the worst part of not being in Express Scripts Inc's network and, while the transition is difficult now, the drugstore should rebound as the year progresses, its top pharmacy executive said on Monday.
Alcoa posts Q4 loss
Alcoa Inc , the largest U.S. aluminum producer, posted a fourth-quarter loss on Monday but gave a positive outlook for metal demand in the aerospace, construction and other industries, lifting its stock price in after-hours trading.
Exclusive: SocGen sees 2012 investment-bank revenue slump
French bank Societe Generale is forecasting a significant drop in 2012 investment-bank revenue compared with 2011, weighed by higher funding costs and efforts to slash its balance sheet, according to an internal memo obtained by Reuters on Monday.
Alcoa takes aim at high-cost European smelters
Alcoa Inc said on Monday it plans to close its Portovesme, Italy, smelter and slash output at two Spanish smelters as the U.S. aluminum producer takes aim at its high-cost European operations.
CES: Samsung aims for 16 percent boost in 2012 TV sales
Samsung Electronics Co, the world's biggest TV manufacturer, expects the global television market to grow around 7 to 8 percent this year, and aims to grow at double that rate with a company sales target of around 50 million sets.
Wall Street finishes up as earnings, euro zone eyed
Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
RIM touts PlayBook 2.0, minor BlackBerry upgrade
Research In Motion showed off a major update to the QNX-based software running its poor-selling PlayBook tablet and unveiled minor improvements to its legacy BlackBerry phone software at the Consumer Electronics Show on Monday.
AT&T promises 8 new high-speed mobile devices
AT&T Inc announced plans to launch seven new smartphones and a tablet computer early this year for a new wireless network it is building as it looks to catch up with bigger rival Verizon Wireless in high-speed wireless services.
D.Telekom seeks new strategy for T-Mobile USA: source
Deutsche Telekom is overhauling its strategy for its U.S. wireless unit after AT&T last month dropped its planned $39 billion takeover of the unit, a person familiar with the strategy planning said on Monday.
Morgan Stanley names new chief legal officer
Morgan Stanley has promoted Eric Grossman to chief legal officer as the current legal chief, Frank Barron, plans for retirement at mid-year, according to an internal memo viewed by Reuters.
Angry Birds, Facebook most downloaded apps in 2011
Angry Birds and Facebook were the most downloaded iPhone apps of 2011, according to Apple, but some less predictable apps also made their lists.
Wall Street Ends While Eyeing Earnings, Eurozone Debt
Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
November Consumer Credit Surges by Most Since 2001
Consumer credit surged in November by the most since October 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government, a Federal Reserve report showed on Monday.
American Airlines to Cut 2 Routes and 150 Workers
AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs.
Wall Street ends up as earnings, euro zone eyed
Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.
American Airlines to cut two routes and 150 workers
AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs.
Google shares slide after Motorola earnings warning
Shares of Google Inc fell nearly 4 percent on Monday, after Motorola Mobility Holdings Inc's warning of worse-than-expected financial results raised concerns about Google's pending acquisition of the smartphone maker.
