Urban Outfitters rises as Street cheers executive appointment
Fri Feb 3, 2012 10:28am EST (Reuters) – Shares of Urban Outfitters Inc (URBN.O) rose as much as 7 percent, after the women’s apparel retailer said Tedford Marlow will return to the company as the chief executive of its namesake brand. “We like the idea of putting executives back in roles in which they were [...]
Goldman to face mortgage debt class-action lawsuit
By Jonathan Stempel Fri Feb 3, 2012 12:37pm EST (Reuters) – Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold Baer in Manhattan certified [...]
Olympus to hold shareholder meeting on April 20
TOKYO | Sun Feb 5, 2012 3:05am EST TOKYO (Reuters) – Japan’s troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team. The maker of cameras and medical equipment is struggling to emerge from a $1.7 billion [...]
Cardinal wins order lifting DEA suspension in Florida
By Toni Clarke and Jeremy Pelofsky BOSTON/WASHINGTON | Fri Feb 3, 2012 7:11pm EST BOSTON/WASHINGTON (Reuters) – Cardinal Health Inc (CAH.N) won an order on Friday blocking the U.S. Drug Enforcement Administration’s suspension of its license to distribute potentially addictive medicines from its Florida facility. The DEA ordered suspension because Cardinal knew, or should have [...]
Dow Chemical considers locking in low gas prices
By Ernest Scheyder NEW YORK | Fri Feb 3, 2012 2:56pm EST NEW YORK (Reuters) – Dow Chemical Co (DOW.N), one of the largest U.S. buyers of natural gas, is considering a hedging program for the first time in a decade to lock in rock-bottom prices for the fuel. The move by Dow, the largest [...]
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