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SandRidge ousts CEO Ward, Bennett takes the helmBy Anna Driver and Michael Erman (Reuters) - SandRidge Energy Inc's <SD.N> board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-d... ...Read More »New bookkeeping rule to priprizese open insurers' 'black box' accountsBy Huw Jones LONDON (Reuters) - An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers' black box balance sheets although the transition will take several years and the United States will keep its own, very different rules. ... ...Read More »NY State to privatize Long Island utility, freeze rates: Governor CuomoNEW YORK (Reuters) - New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy. The deal, an... ...Read More » |
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Magnitude 5.7 quake hits central Chile, no damage reportedSANTIAGO (Reuters) - A magnitude 5.7 earthquake hit the central Chilean region of Valparaiso at 5:30 p.m. (1730 ET) on Wednesday, causing buildings to sway in the nearby capital of Santiago but no reports of damage. The quake struck 68 miles north-northeast of Santiago at a depth of 62 mil... ...Read More »Gatlin says win over Bolt prelude to bigger things(Reuters) - Olympic bronze medalist Justin Gatlin is not willing to call his surprising 100 meters victory over world record holder Usain Bolt a fluke. The American sprinter prefers to think of last month's triumph as the opening act of journey that will bring him and Bolt together aga... ...Read More »House panel OKs bill to prohibit mandatory auditor rotationBy Sarah N. Lynch WASHINGTON (Reuters) - In a rare show of bipartisanship, the U.S. House Financial Services Committee unanimously approved a bill on Wednesday that would prohibit mandatory rotation of auditors among companies to avoid fraud and financial misconduct. ... ...Read More »Ally deal draws limited objections from ResCap creditorsBy Tom Hals (Reuters) - Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired. <... ...Read More »LeBron dismisses critics in search of second titleBy Simon Evans MIAMI (Reuters) - LeBron James, one win away from a second consecutive NBA title, is refusing to let relentless critics shift him from his goal of earning a place as one of the game's greatest. Despite a remarkable 12 months that has included a maid... ...Read More »Micron profit beats estimates as chip prices climbBy Sruthi Ramakrishnan (Reuters) - Micron Inc reported a better-than-expected quarterly profit due to higher prices for its memory chips used in personal computers, mobile handsets and tablet devices. The company said average selling prices of its dynamic random acces... ...Read More »Stocks, bond prices drop as Fed points to reduced bond buyingBy Leah Schnurr NEW YORK (Reuters) - Stocks tumbled and benchmark Treasury bond yields rose to levels not seen since March 2012 on Wednesday after Ben Bernanke laid out a blueprint for the wind-down of the Federal Reserve's bond-buying program that has bolstered risky assets. ... ...Read More »US Airways chief warns lawmakers of potential service cutsBy Diane Bartz WASHINGTON (Reuters) - Forcing a combined American Airlines <AAMRQ.PK> and US Airways Group <LCC.N> to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday. ...Read More » |
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