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UPS Ratifies New Five-year Labor Agreement

04/24/14 UPS, the world's biggest courier company, said on Thursday it ratified a five-year contract with higher wages and benefits for 125,000 unionized employees represented by the International Brotherhood of Teamsters. The company said it expected to take a pre-tax charge of about $1.05 billion in the second quarter due to the health and welfare changes in the newly-ratified plan. The company reported a 12 percent fall in first-quarter profit earlier on Thursday. ...Read More »

Apple, Google Agree To Settle Antitrust Lawsuit Over Hiring Deals: Filing

04/24/14 Four major tech companies including Apple and Google have agreed to settle a large antitrust lawsuit over no-hire agreements in Silicon Valley. Tech workers filed a class action lawsuit against Apple, Google, Intel and Adobe Systems in 2011, alleging they conspired not to poach one another's employees in order to avert a salary war. ...Read More »

Visa's Quarterly Profit Rises 26 Percent

04/24/14 Visa, the world's largest credit and debit card company, reported a 26 percent rise in quarterly profit as consumers spent more using cards on its network. Visa and rival Mastercard have been helped by increasing consumer spending in the United States and a shift to plastic payments in emerging markets. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, from $1.27 billion, or $1.92 per Class A share, a year earlier. Visa earned $2.20 per share, excluding a tax benefit of $218 million in the quarter. ...Read More »
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Nasdaq Not Yet Subpoenaed In N.Y. High Frequency Trading Probe: CEO

04/24/14 Nasdaq Chief Executive Officer Robert Greifeld said on Thursday that Nasdaq OMX Group Inc has not yet received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wall Street. Attorney General Eric Schneiderman is seeking information on the relationships that exchanges and off-exchange platforms, known as dark pools, have with high-frequency trading firms. Reuters reported last week, he has issued subpoenas to at least half-dozen firms. ...Read More »

US To Propose Pay-for-priority Internet Standards

04/24/14 The FCC is set to propose new Internet rules that would allow Internet service providers to charge content companies for faster delivery of their services over the so-called "last mile" connection to people's homes. ...Read More »

Reshaping Xerox

04/24/14 Company continues it transition to business services ...Read More »

Apple's Sales Boom In Communist Vietnam

04/24/14 Communist Vietnam is suddenly Apple Inc's hottest market after its sales growth tripled in the first three months of the year, a rate five times faster than in India where it is spending heavily in a battle for market share. Vietnam has barely received a mention from Apple executives in their regular briefings for financial analysts. But in a quarterly conference call on Wednesday, they were talking up the potential of the country. ...Read More »

Hulbert: It Takes Guts to Invest in Greece, Russia

04/24/14 MarketWatch columnist Mark Hulbert says only a real risk-taker would invest in certain ETFs covering Greece and Russia. Photo: Getty Images. ...Read More »

Did Facebook's Earnings Leave Investors Wanting More?

04/24/14 Robert Peck, Sun Trust managing director, joins MoneyBeat with analysis of Facebook's earnings. Photo: Getty Images. ...Read More »

Video: US To Propose Pay-for-priority Internet Standards

04/24/14 The FCC is set to propose new Internet rules that would allow Internet service providers to charge content companies for faster delivery of their services over the so-called "last mile" connection to people's homes. ...Read More »


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