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Sage says Q1 trading in line

British software maker Sage Group Plc said trading for the first quarter were in-line with its expectations with improved revenue performance continuing from the second half of last year.

JBS makes verbal Sara Lee offer: sources

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Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp and is expected to submit a written proposal in the next 24 hours, two sources familiar with the situation said.
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Treasury's toxic asset funds gain 27 percent

The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday.
A webshot of the corporate homepage of RadioShack

RadioShack plunging on chairman’s retirement

RadioShack Corp. (RSH) stock is plunging on news that its chairman and chief executive officer, Julian Day, will retire in May. The company also posted preliminary fourth-quarter earnings that fell below analyst’s expectations.
Nvidia

Pre-market movers on Jan. 24

The companies whose shares are moving in pre-market trade on Monday are: Nvidia, First Solar, Sara Lee, Micron Technology, Halliburton, Radioshack, Salesforce.com and Carnival Corp.

Coda hires former GM executive as CEO

Coda Automotive Inc., an electric car company based in Santa Monica, California, has named industry veteran and former executive of GM China, Phil Murtaugh, as its new CEO.
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Are executive pay hey-days back?

As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.

Of course QE2 worked: David Tepper

The biggest question regarding the highly controversial program of QE2 remains this: did it work? Of course it worked, answered David Tepper, the billionaire hedge fund manager of Appaloosa Management.
Eric Schmidt

Will Eric Schmidt Become Apple CEO?

As the market will be concerned in the near-term with the management shuffle, an analyst at Jefferies hinted at a possibility that Eric Schmidt could become the Chief Executive of Apple.
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NovaMed To Go Private For $13.25/Share

Ambulatory surgery centers operator NovaMed Inc. (NOVA) said it agreed to go private and be acquired by an affiliate of Surgery Center Holdings, Inc. for $13.25 a share in cash.

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