Saudi king keeps close hand on oil in remodelling strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.     The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No. 1 crude exporter's OPEC delegation, to the role of deputy oil minister from assistant oil minister, a post he had held for many years.     On the same day, King Salman formed a new body replacing the Supreme Petroleum Council and appointed another son, Prince Mohammed bin Salman, to head the new Supreme Council for Economic Development.     There are no indications that those moves will lead to changes in the fundamental way the kingdom makes its oil decisions or diminish the influence of veteran oil minister Ali al-Naimi. Detail: Saudi king keeps close hand on oil in remodelling strategic team
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Apple, Google poaching settlement appears headed for approval

A U.S. judge on Monday seemed satisfied with a proposed $ 415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $ 324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the settlement as she had at an earlier court session. "We are pleased court indicated she was going to approve the settlement," Kelly Dermody, an attorney for the workers, said after the hearing. Detail: Apple, Google poaching settlement appears headed for approval
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HP buys wireless networking company Aruba Networks - Times of India

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HP buys wireless networking company Aruba Networks Times of India SAN FRANCISCO: Hewlett-Packard is buying wireless networking company Aruba Networks for about $ 2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011.: Aruba, based in Sunnyvale, ... HP to buy WiFi gear maker Aruba Networks for US$ 2.7bilThe Star Online HP Rides Aruba's Wave Into Contextual NetworkingForbes HP to buy Aruba NetworksBrisbane Times IBNLive -NDTV -BDlive all 369 news articles »

Detail: HP buys wireless networking company Aruba Networks - Times of India
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IBM shareholder sues company, alleging it overvalued chip unit

IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $ 1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to GlobalFoundries Inc, and take a related $ 4.7 billion pre-tax charge. Warren Buffett's Berkshire Hathaway Inc is among IBM's largest shareholders. According to the complaint, IBM inflated its stock price before selling the semiconductor unit by carrying the unit's property, plant and equipment assets on its books at $ 2.4 billion, when it should have known the assets were worthless. Detail: IBM shareholder sues company, alleging it overvalued chip unit
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What would the Dow look like if it included Apple?

It may be by far the most valuable American company but Apple Inc still can't get into at least one exclusive club – the 30-member Dow Jones Industrial Average. It is, though, hurting those who tie their investments to the performance of the venerable Dow, which was first calculated in 1896 and is still probably the best-known stock index in the world. Since Apple split its shares seven-for-one last June 6, it's delivered investors a gain of more than 43 percent including dividend payments, and that has contributed almost one third of the Nasdaq 100's return of 18.6 percent, according to ETF.com. Had Apple been substituted for 29 of the 30 Dow components last June, the index would have been higher. Detail: What would the Dow look like if it included Apple?
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HP buys wireless networking company Aruba Networks - Times of India

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HP buys wireless networking company Aruba Networks Times of India SAN FRANCISCO: Hewlett-Packard is buying wireless networking company Aruba Networks for about $ 2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011.: Aruba, based in Sunnyvale, ... HP to buy WiFi gear maker Aruba Networks for US$ 2.7bilThe Star Online HP Rides Aruba's Wave Into Contextual NetworkingForbes HP to buy Aruba NetworksBrisbane Times IBNLive -NDTV -BDlive all 369 news articles »

Detail: HP buys wireless networking company Aruba Networks - Times of India
Read more... http://www.howcanigeteasymoney.com/hp-buys-wireless-networking-company-aruba-networks-times-of-india-7/

Volkswagen on track with efficiency program: CEO

Volkswagen is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals. "We are on track with our efficiency program," ... Detail: Volkswagen on track with efficiency program: CEO
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