Internet auction giant eBay won’t have to swallow Craigslist’s poison pill after all, a Delaware Chancery Court ruled on Thursday. The online classified ads giant illegally diluted eBay’s equity stake in the company after eBay …
JPMorgan Chase may allow employees to use the Apple iPhone for work email, making the smartphone an alternative to the BlackBerry. JPMorgan is testing the iPhone as well as smartphones that use Google’s Android software.
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BP (BP) will delay the release of its third quarter earnings by one week to give the company more time to incorporate data and disclosures related to the oil spill in the Gulf of Mexico.
BP’s earnings will now be released on Nov. 2, Dow Jones Newswires said.
“When we reported second quarter it was a bit of a scramble,” a BP spokesman told Dow Jones Newswires. “We needed more time…
Continue reading BP to Delay Third Quarter Earnings Report by One Week
BP to Delay Third Quarter Earnings Report by One Week originally appeared on DailyFinance on Fri, 10 Sep 2010 08:59:00.
Filed Under: Energy, Company News, Technology, People, Earnings, Green, BP
Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities.
Dubai’s government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in “the coming weeks.”
“The agreement formalizes a strong consensus about a fair…
Continue reading Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities
Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities originally appeared on DailyFinance on Fri, 10 Sep 2010 07:27:00.
Filed Under: Company News, Economy, People, Investing, Real Estate, Taxes, Credit
Nokia (NOK), the Finnish mobile phone maker, jumped in extended trading after appointing Stephen Elop as president and CEO.
Nokia rose 5.3% to $10.28 a share at 6:32 a.m., Eastern time. The shares gained 0.6% to $9.76 on Thursday.
Elop, who is curre…