Dish aims to scuttle rival bid for Sprint
In 2006 a bid by Dubai Ports World to buy several US port terminals fell apart at the last minute after opponents of the proposed deal launched a fierce lobbying…
Commodities traders acquire power stations
The Swiss-based commodities traders are expanding into assets, buying or leasing anything from refineries to pipelines and terminals. Now Vitol, the largest oil trader, has bought a power station, signalling…
Dimon victory despite investor backlash
Jamie Dimon won a decisive victory over shareholder activists looking to strip him of his chairmanship of JPMorgan Chase but investors used the bank’s annual meeting to deliver a big…
Intel’s chief reshapes management team
Intel’s new chief executive is radically reshaping the company’s management structure in a shake-up designed to help the world’s biggest chipmaker expand faster in new markets beyond the smartphone and…
Apple chief defends tax practices
©Reuters Tim Cook, Apple‘s chief executive, mounted an emphatic and unapologetic defence of the US technology group’s tax practices, as US senators quizzed him over congressional charges that the company…
Dimon performance well choreographed
Jamie Dimon walked offstage from JPMorgan Chase’s annual meeting to the sounds of The Way It Is, a song by Bruce Hornsby, which goes: “That’s just the way it is/Some…
Lawyers for Rajat Gupta argue for new trial
Lawyers for Rajat Gupta, the former Goldman Sachs director convicted of insider trading, argued he should be given a new trial because he was not permitted to use evidence that…
Instant Bloomberg not fading away yet
If a single function can be said to justify the $20,000 annual cost of a Bloomberg terminal, it is probably Instant Bloomberg, which the company accurately describes as “the dominant…
Microsoft unveils new media-friendly Xbox
©AFP Microsoft has unveiled the Xbox One, a next-generation console that gives as much emphasis to live television and other entertainment content as video games. The successor to the Xbox…
Twitter wins over teens in race for users
Almost a quarter of teenagers in the US now use Twitter, a dramatic jump on last year that underlines how internet companies are battling to win fickle young users, according…
Cheap debt fuels executive share buybacks
Companies are increasingly using cheap debt to buy shares back from their own employees, highlighting how record low interest rates are helping to fill the pockets of senior executives. More…
Cook’s gamble pays off
Tim Cook’s bid for the moral high ground in Washington on Tuesday proved surprisingly successful, as the Apple chief executive faced down a hostile US Senate committee over the way…
BP increases challenges to oil spill payouts
©Getty A drilling platform near the Transocean Discoverer Enterprise drillship burning off gas from BP oil spill BP has stepped up its efforts to challenge what it believes are unjustified…
Nasa tries recipe for Star Trek replicators
©Allstar Astronauts bored of the food they are served in space have cause for cheer: Nasa has started funding the creation of a 3D printer that will replicate items like…
Man City and Yankees team up to form soccer club
©PA Manchester City vs Queens Park Rangers at the Etihad Stadium, Manchester The Big Apple’s sports universe is about to become even more crowded. The owners of the English Premier…