Business News

Thu, May 17, 2012

Explorer Cairn's shareholders revolt over pay

LONDON (Reuters) - British oil explorer Cairn Energy said investors holding two thirds of its stock voted against executive pay awards in one of the ...

Thu, May 17, 2012

Groupon CEO, founders to keep shares after lockup

NEW YORK (Reuters) - Groupon Inc Chief Executive Andrew Mason and the company's other founders are planning to keep their shares in the company ...

Thu, May 17, 2012

General Motors chooses UK over Germany for new Astra

By Rhys Jones

LONDON (Reuters) - General Motors Co opted to build the next generation of its Astra compact in Britain, leaving its plant in ...

Thu, May 17, 2012

Analysis: A curious case of German risk and safety

By Swaha Pattanaik

LONDON (Reuters) - Investors can't seem to buy enough German government bonds and yet the cost of insuring against a German ...

Thu, May 17, 2012

No respite for HP, Dell in Windows 8: BMO

(Reuters) - Microsoft's long-awaited launch of the Windows 8 OS may not change the fortunes of PC makers, BMO analysts said, lowering their price ...

Thu, May 17, 2012

Acura recalls over 56,000 cars in N. America

(Reuters) - Honda Motor Co Ltd's <7267.T> Acura brand is recalling 56,881 TL sedans from model years 2007 and 2008 in North America to ...

Thu, May 17, 2012

Delta Air to trim capacity on trans-Atlantic routes

(Reuters) - Delta Air Lines will cut capacity on trans-Atlantic routes 5 percent after Labor Day, airline President Ed Bastian said on Thursday.

Speaking on ...

Thu, May 17, 2012

Delta Air to trim capacity on trans-Atlantic routes

(Reuters) - Delta Air Lines will cut capacity on trans-Atlantic routes 5 percent after Labor Day, airline President Ed Bastian said on Thursday.

Speaking on ...

Thu, May 17, 2012

Tiffany raises dividend 10 percent

(Reuters) - Upscale jeweler Tiffany & Co raised its dividend for the 11th time in 10 years on Thursday.

The quarterly dividend will be increased by 10 percent to 32 cents per share from 29 cents.

Tiffany will report quarterly earnings next week, with analysts expecting a profit of 69 cents per share on revenues of $816.9 million. A year earlier it earned 67 cents a share.

(Reporting By Phil Wahba; editing by Jeffrey Benkoe)

Thu, May 17, 2012

Europe's banks on the brink

By Gareth Gore

LONDON, May 17 (IFR) - The euro zone crisis was in full swing when Jean-Claude Trichet took the podium in Berlin last ...