Bayer rules out increasing bid for Schiff Nutrition

German chemicals and pharmaceuticals giant Bayer withdrew from a battle to buy US-based Schiff Nutrition International on Tuesday, ruling out an increase to its bid against a rival counter offer.

Amazon gets $252 mn tax bill from France

France has demanded $252 million in back taxes from Amazon, it emerged on Tuesday, increasing the pressure on the online retailer over its controversial corporate structure in Europe.

Kodak's 3Q loss widens as company reorganizes

(AP)—Eastman Kodak's losses widened to $312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection.

Former tech exec settles insider trading charges

(AP)—A former executive at a technology firm in Silicon Valley is settling charges lodged by federal regulators that he provided insider information to convicted Galleon hedge fund manager Raj Rajaratnam.

Cisco CEO's pay package dipped 9 pct in past year

(AP)—Cisco Systems Inc. trimmed CEO John Chambers' pay package for the past fiscal year by 9 percent as concerns about growth at the maker of computer networking equipment weighed on its stock.

Zuckerberg pledge boosts Facebook shares

Facebook shares got a 3 percent boost Wednesday after co-founder Mark Zuckerberg pledged to not sell any of his shares for another year.

Facebook at half-price: which way now?

If you bought Facebook shares in the May IPO and held onto them, by Monday morning you would have lost more than half your investment -- and not see any encouraging signs of making your money back.

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