Pension funds holding Oracle Corp. shares issued a letter opposing the re-election of directors because they said the board had failed to change the compensation structure, adding to the dissenting voices on executive pay a day before the company’s annual meeting.
Twitter Inc. was sued for $124 million by two financial firms that claim the Internet company engineered a failed private sale of its shares in 2012 to strengthen its hand in preparation for its initial public offering.
Pacific Investment Management Co., the bond manager that started expanding into stocks four years ago, hired Virginie Maisonneuve from Schroders Plc to lead the push after Neel Kashkari left in January.
Antibodies derived from the blood of HIV-infected people suppressed the virus in the blood of monkeys in two studies that suggest the experimental approach may improve AIDS therapy or point the way toward a cure.
Intel Corp. is in talks with Verizon Communications Inc. about having the phone company take over its effort to deliver TV over the Internet using a new kind of set- top box, according to a person familiar with negotiations.
The Obamacare rollout is leading to the cancellation of hundreds of thousands of health insurance plans nationwide, contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it.