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visitJ.P. Morgan Chase & Co. boss James Dimon strengthened his grip over the nation's largest bank as shareholders voted overwhelmingly against a proposal to split the chairman and chief executive roles that he has held since 2006.Roughly 32% of votes cast were in favor of a nonbinding recommendation that Mr. Dimon's jobs be separated, less than the 40% in favor of a similar proposal last year. The...
Source : WSJ | 7 Hour(s) AgoCategory : frontpage
Tuesday unveiled a reinvented Xbox videogame console that demonstrated the software giant's most aggressive play yet for control of consumers' living rooms.Eight years in the making, Microsoft is finally shows off its next generation Xbox videogame console at an invitation-only event at the company’s headquarters in Redmond, Wash.The Redmond, Wash., software giant showed off its new device, dubbed...
Source : WSJ | 7 Hour(s) AgoCategory : frontpage
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visitApple CEO Tim Cook arrives before testifying to a Senate panel on Tuesday in Washington.defended the technology giant's tax practices in front of Senate investigators...
Source : WSJ | 7 Hour(s) AgoCategory : frontpage
visitYANGON—Myanmar has sentenced seven Muslims to prison for terms ranging from two to 28 years for involvement in a major outbreak of sectarian violence two months ago that left at least 42 people dead and thousands homeless, authorities said Tuesday.The sentences came as courts in Myanmar are prosecuting cases stemming from the clashes in the central town of Meikhtila between majority Buddhists...
Source : WSJ | 8 Hour(s) AgoCategory : frontpage
visitNEW DELHI—Three Indian cricketers arrested last week for allegedly fixing parts of matches in the Indian Premier League were ordered to remain in police custody for five more days at a court hearing in New Delhi on Tuesday.The three players from the Rajasthan Royals IPL franchise have been held at a police facility in New Delhi since Friday after they were arrested last week for alleged spot-fixing,...
Source : WSJ | 9 Hour(s) AgoCategory : frontpage
visitsaid its board fired President and Chief Executive Phaneesh Murthy with immediate effect for allegedly failing to report a relationship with a subordinate employee.and employs 28,000 people, mainly in India, said in a statement that Mr. Murthy had violated company policy and his employment contract by not informing senior management of the relationship.The company said it had received a complaint...
Source : WSJ | 13 Hour(s) AgoCategory : frontpage
visitSterling edged lower against the dollar Tuesday as inflation in the U.K. eased more than anticipated, while European stocks drifted in negative territory.Sterling extended losses against the dollar, falling to its lowest level since April 4, and U.K. government bonds jumped after data showed"[The data] are helpful in providing further space for the [Bank of England] to ease policy, particularly...
Source : WSJ | 15 Hour(s) AgoCategory : frontpage
visit: In our WSJ survey of Europe's top analysts, Jefferies' Laura Loppacher was top in oil & gas. She explains her success h…The...
Source : WSJ | 16 Hour(s) AgoCategory : frontpage
visitSince the financial crisis hit Europe in 2008, few issues have proved as divisive as deciding how to protect bank deposits.A proposed European Union law that would force states to build deposit-guarantee funds has been stuck in the bloc's decision-making process for almost three years. And in the countries where they exist, the funds remain far too small to cover the €100,000 ($129,000) per bank...
Source : WSJ | 17 Hour(s) AgoCategory : frontpage
visitThe collector, cook and craftsman has taken certain prized keepsakes—Rolexes, Porsches, Hermès handbags—and transformed them into an unconventional yet thriving design business.MAN OF MANY TALENTS | Alcocer at home in New York, with his Donald Judd–inspired chairs and handmade stereo equipment.who crosses over from hunting and gathering their favorite things to actually making them. One notable...
Source : WSJ | 18 Hour(s) AgoCategory : frontpage
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