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Monday, June 18, 2012

Business Today: Tech outpaces a market bedeviled by Europe

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06/18/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Tech outpaces a market bedeviled by Europe
NEW YORK (Reuters) - The Nasdaq advanced on Monday, propelled by a rally in Apple and other big-cap tech stocks, but fears Europe's debt crisis is in danger of worsening limited broader gains.
Exclusive: United Tech weighs $1 billion Pratt asset sale: sources
NEW YORK/WASHINGTON (Reuters) - United Technologies Corp is looking to sell power generation assets within its Pratt and Whitney subsidiary in a deal that could fetch around $1 billion, according to three people familiar with the matter.
News Corp top lawyer to oversee hacking committee
(Reuters) - News Corp's Management and Standards Committee, which is investigating the aftermath of the media conglomerate's phone hacking scandal, will now report to the company's top lawyer, Gerson Zweifach, News Corp said on Monday.
Analysis: ANZ's Asia gamble; time to splash the cash?
SYDNEY (Reuters) - HSBC banker Michael Smith's 2007 presentation on how he would grow ANZ , Australia's No.4 lender, across Asia to rival his own bank and Standard Chartered so impressed ANZ's board they appointed him CEO.
Ex-AT&T employee admits leaking Apple, RIM info
NEW YORK (Reuters) - A former AT&T employee admitted on Monday to sharing company secrets such as sales numbers for Apple Inc's iPhone to traders who illegally bought shares on the information.
Icahn's Intrieri taking seat on Chesapeake board: CNBC
(Reuters) - Vincent Intrieri will represent billionaire Carl Icahn on Chesapeake Energy Corp's board of directors, CNBC reported on Monday.
BofA could sell non-U.S. wealth unit to Julius Baer: report
(Reuters) - Bank of America Corp is close to a deal to sell its non-U.S. wealth management operations to Swiss private banking giant Julius Baer, CNBC reported on Monday.
Exclusive: Western firms tap China cash to bid for UK nuclear
LONDON/FRANKFURT (Reuters) - China may soon control one of Britain's top nuclear projects after two Chinese state firms teamed up with Western players to bid for the $24 billion development, industry and financial sources told Reuters.
G20 ramps up pressure on Europe over debt crisis
LOS CABOS, Mexico (Reuters) - World leaders stepped up pressure on Europe to do whatever it takes to combat its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy.
Relieved Europe hints at more time for Greece
BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.
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