Business News

Wed, May 23, 2012

Walmart Express turns profit in less than a year

(Reuters) - Wal-Mart Stores Inc has seen its small-format U.S. stores, called Walmart Express, become profitable in less than a year, Walmart U.S ...

Wed, May 23, 2012

Google did not infringe Oracle patents: jury

By Dan Levine

SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle's patents, a California jury decided in a ...

Wed, May 23, 2012

Spain to inject $11.3 billion funding gap at Bankia

By Jesús Aguado and Sarah White

MADRID (Reuters) - Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion ...

Wed, May 23, 2012

CalPERS to withhold votes for nine on Wal-Mart board

(Reuters) - CalPERS, the biggest U.S. public pension fund, said on Wednesday it plans to withhold votes for nine Wal-Mart Stores Inc board members ...

Wed, May 23, 2012

MetLife targets global growth, gets bank subpoenas

By Ben Berkowitz

(Reuters) - MetLife Inc will change its product mix in the United States and push harder on growth in international markets to ...

Wed, May 23, 2012

GSK to drop Human Genome bid if "poison pill" stands

LONDON (Reuters) - GlaxoSmithKline said it would not proceed with its $2.6 billion offer for Human Genome Sciences unless the U.S. biotechnology company ...

Wed, May 23, 2012

Euro crisis pain primes Britain for more stimulus

By Sven Egenter and Olesya Dmitracova

LONDON (Reuters) - The Bank of England signaled on Wednesday it was likely to pump more money into the ...

Wed, May 23, 2012

Housing market recovery gains traction

By Lucia Mutikani

WASHINGTON (Reuters) - The U.S. spring home-selling season got off to a strong start in April with rising sales and prices ...

Wed, May 23, 2012

Reebok India accuses former top execs of $157 million fraud

MUMBAI (Reuters) - Reebok India, owned by Germany's Adidas , lodged a police complaint against two former top executives accusing them of fraud that had ...

Wed, May 23, 2012

Facebook, banks sued over pre-IPO analyst calls

By Jonathan Stempel and Dan Levine

(Reuters) - Facebook Inc and Morgan Stanley, the lead underwriter of social networking company's IPO, were sued by ...