Provides the latest RSS feeds for Breaking Financial Markets News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Business Sun.com http://www.businesssun.com/index.php/cat/45419e6f687dd329/ en-us Tue, 21 May 2013 08:03:35 -0400 Tue, 21 May 2013 08:03:35 -0400 30 FRANKFURT (Reuters) - Germany, the euro zone's largest economy, is on track for a solid recovery thanks to a pick-up in demand for its products from abroad, the Bundesbank said on Tuesday.Germany skirted recession in the first quarter thanks to a rise in private consumption. Its central bank said in its monthly report that it expected a further strengthening in the second quarter not only ... http://www.businesssun.com/index.php/sid/214658477/scat/45419e6f687dd329 Tue, 21 May 2013 06:32:50 -0400 http://www.businesssun.com/index.php/sid/214658477/scat/45419e6f687dd329 plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of labour unrest in factories alongside turmoil in the mines.The German luxury car maker said Friday's unscheduled walkout had nothing to do with wage demands but the stoppage served as further evidence of the fragility of labour relations in Africa's biggest ... http://www.businesssun.com/index.php/sid/214658656/scat/45419e6f687dd329 Tue, 21 May 2013 06:32:47 -0400 http://www.businesssun.com/index.php/sid/214658656/scat/45419e6f687dd329 MADRID (MarketWatch) -- U.S. stock market futures turned lower on Wednesday with investors expected to look for more clues on any tapering of the Federal Reserve's easing program. Two Fed presidents with voting rights on the interest-rate setting committee are due to hit the ... http://www.businesssun.com/index.php/sid/214658404/scat/45419e6f687dd329 Tue, 21 May 2013 06:26:17 -0400 http://www.businesssun.com/index.php/sid/214658404/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Tuesday is shaping up to be a big day for retail earnings, with Best Buy Co., Home Depot Inc. and Saks Inc. scheduled to release quarterly ... http://www.businesssun.com/index.php/sid/214658403/scat/45419e6f687dd329 Tue, 21 May 2013 06:26:16 -0400 http://www.businesssun.com/index.php/sid/214658403/scat/45419e6f687dd329 highly bullish guidance -- projecting that profits would come in as much as 28% higher than expected this year on healthy sales growth. First Solar's stock shot up 43% in a day. Recently at $45, the shares remain far below their record high of $273 in 2008. Still, says First Solar CEO Jim Hughes, "the fog is ... http://www.businesssun.com/index.php/sid/214659193/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:32 -0400 http://www.businesssun.com/index.php/sid/214659193/scat/45419e6f687dd329 FORTUNE -- It's safe to say that unions have taken quite a beating over the past few years, all across the U.S. But organized labor has found an oasis inside a most curious corner of anti-union America. In recent years, Georgia has undergone a film and television industry production boom that has positioned it as one of the most desirable shooting locations in the United States. As the ... http://www.businesssun.com/index.php/sid/214659194/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:30 -0400 http://www.businesssun.com/index.php/sid/214659194/scat/45419e6f687dd329 Money magazine's Best Deals on Everything: Your guide to the latest bargains in the investing world, from beer can makers and ETFs, to Chinese technology and ... http://www.businesssun.com/index.php/sid/214659195/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:29 -0400 http://www.businesssun.com/index.php/sid/214659195/scat/45419e6f687dd329 Buying the credits are automakers that are concerned they won't able to meet tough new environmental regulations requiring that more than 15% of sales in the 11 states be zero-emissions vehicles by 2025. If they fall short of those sales goals, they can avoid penalties -- and bad publicity -- by buying credits from other automakers. Small automakers are not required to meet the rules. And ... http://www.businesssun.com/index.php/sid/214658463/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:24 -0400 http://www.businesssun.com/index.php/sid/214658463/scat/45419e6f687dd329 $62,500 a year , and does not necessarily require a bachelor's degree. That's because companies can't meet all the demand for workers. The job is still too new, and the labor pool is not quite large enough yet. "There aren't enough bodies to fill all the seats," said Judi Wunderlich, co-founder of WunderLand, a Chicago recruiting firm specializing in digital, ... http://www.businesssun.com/index.php/sid/214658462/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:24 -0400 http://www.businesssun.com/index.php/sid/214658462/scat/45419e6f687dd329 A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax burden. Retailers are also in the spotlight, with results due before the opening bell ... http://www.businesssun.com/index.php/sid/214658464/scat/45419e6f687dd329 Tue, 21 May 2013 06:12:23 -0400 http://www.businesssun.com/index.php/sid/214658464/scat/45419e6f687dd329 LONDON (AFP) - British high street retailer Marks & Spencer said Tuesday that full year net profits fell nine percent amid "challenging" trading conditions.Earnings after taxation declined to ?466.7 million ($712 million, 552 million euros) in the 52 weeks to March 30, compared with ?513.1 million in the previous financial year, M&S said in a results statement.Underlying pre-tax ... http://www.businesssun.com/index.php/sid/214657225/scat/45419e6f687dd329 Tue, 21 May 2013 04:17:42 -0400 http://www.businesssun.com/index.php/sid/214657225/scat/45419e6f687dd329 reported an 8 percent rise in profit despite the introduction of new taxes, as demand grew for self-storage in London and southeast England.The UK government introduced value added tax, or VAT, on storage rents in October 2012, prompting the company's prices to rise 10 to 12.5 percent.Adjusted pretax profit rose to 25.5 million pounds in the year ended March 31 from 23.6 million pounds a ... http://www.businesssun.com/index.php/sid/214656336/scat/45419e6f687dd329 Tue, 21 May 2013 03:14:38 -0400 http://www.businesssun.com/index.php/sid/214656336/scat/45419e6f687dd329 LONDON (Reuters) - Online gambling company bwin.party said it aimed to deliver savings of 70 million euros (59 million pounds) this year as it shifts to operating in fewer but better regulated markets.First quarter revenues fell 17 percent to 180.2 million euros, the company said, reflecting what it called a shift in strategy to seeking greater value from customers, rather than chasing ... http://www.businesssun.com/index.php/sid/214656337/scat/45419e6f687dd329 Tue, 21 May 2013 03:14:32 -0400 http://www.businesssun.com/index.php/sid/214656337/scat/45419e6f687dd329 Reuters © Security firm G4S Chief Executive, Nick Buckles, addresses a Home Affairs Committee in this still image taken from video in central London September 11, 2012. REUTERS/UK ... http://www.businesssun.com/index.php/sid/214656338/scat/45419e6f687dd329 Tue, 21 May 2013 03:14:30 -0400 http://www.businesssun.com/index.php/sid/214656338/scat/45419e6f687dd329 LOS ANGELES (MarketWatch) -- Gold futures rose in electronic trade Tuesday, building on gains from the previous session that ended a lengthy string of ... http://www.businesssun.com/index.php/sid/214655675/scat/45419e6f687dd329 Tue, 21 May 2013 03:07:12 -0400 http://www.businesssun.com/index.php/sid/214655675/scat/45419e6f687dd329 Vodafone posted its largest ever quarterly fall in key organic service revenue on Tuesday, prompting it to keep hold of a dividend from its US arm and reinvest it into the business and not return it to shareholders. The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2% ... http://www.businesssun.com/index.php/sid/214655706/scat/45419e6f687dd329 Tue, 21 May 2013 02:57:28 -0400 http://www.businesssun.com/index.php/sid/214655706/scat/45419e6f687dd329 calm session overnight with comments from the Fed's Evans as the only market relevant news. Evans (voter, dove) said last night that "I'm optimistic that the labour market has been doing much, much better and that unemployment is going to continue to go down," and that "currently we have the appropriate monetary policy in place." He also said that "he has tried ... http://www.businesssun.com/index.php/sid/214656339/scat/45419e6f687dd329 Tue, 21 May 2013 02:46:55 -0400 http://www.businesssun.com/index.php/sid/214656339/scat/45419e6f687dd329 NEW DELHI (AFP) - Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries."As for Indian concerns over the trade deficit, the Chinese side is willing to provide facilitations for more Indian products to access the Chinese market," Li said during a speech to Indian business leaders ... http://www.businesssun.com/index.php/sid/214655082/scat/45419e6f687dd329 Tue, 21 May 2013 02:11:01 -0400 http://www.businesssun.com/index.php/sid/214655082/scat/45419e6f687dd329 Treasury secretary Martin Parkinson says the economic and revenue forecasts included in the federal budget are his department's best professional estimates, though numbers are likely to change by the time of the September election.Treasury is legally required to release its Pre-election Economic and Fiscal Outlook (PEFO) during the election campaign in August.The federal opposition has said ... http://www.businesssun.com/index.php/sid/214654869/scat/45419e6f687dd329 Tue, 21 May 2013 02:10:50 -0400 http://www.businesssun.com/index.php/sid/214654869/scat/45419e6f687dd329 The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ... http://www.businesssun.com/index.php/sid/214654870/scat/45419e6f687dd329 Tue, 21 May 2013 02:10:47 -0400 http://www.businesssun.com/index.php/sid/214654870/scat/45419e6f687dd329 LOS ANGELES (MarketWatch) -- U.S. crude-oil futures wobbled between small losses and gains Tuesday, with the moves coming before data expected to show a drawdown in weekly oil ... http://www.businesssun.com/index.php/sid/214654857/scat/45419e6f687dd329 Tue, 21 May 2013 01:44:49 -0400 http://www.businesssun.com/index.php/sid/214654857/scat/45419e6f687dd329 The central bank has given no clues whether more reductions are on the cards after low inflation allowed it to cut the cash rate to a record low at its May board meeting.The Reserve Bank of Australia said that inflation was expected to remain within its target range of two to three per cent for the next few years."The board decided that some of that scope to ease policy should be used at ... http://www.businesssun.com/index.php/sid/214654011/scat/45419e6f687dd329 Tue, 21 May 2013 01:06:19 -0400 http://www.businesssun.com/index.php/sid/214654011/scat/45419e6f687dd329 Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration."The downturn in capital and exploration spending in the mining sector globally has clearly reduced the demand for drilling services and products," chief executive Richard O'Brien told Boart Longyear's annual general meeting in Adelaide.He said ... http://www.businesssun.com/index.php/sid/214653962/scat/45419e6f687dd329 Tue, 21 May 2013 01:06:17 -0400 http://www.businesssun.com/index.php/sid/214653962/scat/45419e6f687dd329 "I own Gap clothing and I don't think it's acceptable that this is the cost," Mandavilli said. Protesters like Mandavilli are being galvanized into action by labor and socially conscious groups in the wake of the deadly ... http://www.businesssun.com/index.php/sid/214654198/scat/45419e6f687dd329 Tue, 21 May 2013 00:48:04 -0400 http://www.businesssun.com/index.php/sid/214654198/scat/45419e6f687dd329 "I own Gap clothing and I don't think it's acceptable that this is the cost," Mandavilli said. Protesters like Mandavilli are being galvanized into action by labor and socially conscious groups in the wake of the deadly ... http://www.businesssun.com/index.php/sid/214653994/scat/45419e6f687dd329 Tue, 21 May 2013 00:48:00 -0400 http://www.businesssun.com/index.php/sid/214653994/scat/45419e6f687dd329 By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's 721.2 million pounds acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may ... http://www.businesssun.com/index.php/sid/214653992/scat/45419e6f687dd329 Tue, 21 May 2013 00:42:49 -0400 http://www.businesssun.com/index.php/sid/214653992/scat/45419e6f687dd329 LOS ANGELES (MarketWatch) -- The Japanese yen lost ground Tuesday following fresh remarks by Japan's economic minister about the currency's recent price ... http://www.businesssun.com/index.php/sid/214654614/scat/45419e6f687dd329 Tue, 21 May 2013 00:40:34 -0400 http://www.businesssun.com/index.php/sid/214654614/scat/45419e6f687dd329 Former Liberal leader John Hewson has called for an independent Federal commission to restructure the political make-up of the country, with the well-respected economist saying there is too much duplication at both levels of government.In a wide-ranging speech at the Resources and Energy Symposium in Broken Hill yesterday, Dr Hewson said after 40 years of analysing political process he believed ... http://www.businesssun.com/index.php/sid/214653783/scat/45419e6f687dd329 Tue, 21 May 2013 00:03:00 -0400 http://www.businesssun.com/index.php/sid/214653783/scat/45419e6f687dd329 Norton Gold Fields has celebrated the official opening of its Enterprise open pit mine on the outskirts of Kalgoorlie.By the end of the year, the $110 million Enterprise project will contribute an estimated 110,000ozpa to Norton's growing gold production profile and provide the bulk of the ore for the company's 3.3mtpa Paddington Mill.Norton managing director and chief executive Dr ... http://www.businesssun.com/index.php/sid/214653782/scat/45419e6f687dd329 Tue, 21 May 2013 00:02:57 -0400 http://www.businesssun.com/index.php/sid/214653782/scat/45419e6f687dd329 The Reserve Bank of Australia says a softer-than-expected inflation outlook allowed it to cut the cash rate to a record low, as it tries to boost underperforming sectors or the economy.But the minutes from the central bank's May 7 board meeting provide no clues as to whether further rate cuts are on the cards.The RBA said the Australian economy was set to grow at a below-average pace in ... http://www.businesssun.com/index.php/sid/214653784/scat/45419e6f687dd329 Tue, 21 May 2013 00:02:55 -0400 http://www.businesssun.com/index.php/sid/214653784/scat/45419e6f687dd329 Shares in Mutiny Gold have soared on news the company has doubled the exploration footprint at its Deflector gold project in the Murchison region."Mutiny advises recent exploration activities have identified significant extensions to the mineralised host structure of the high-grade Deflector gold-copper deposit, more than doubling the previously known footprint," the company said in a ... http://www.businesssun.com/index.php/sid/214653785/scat/45419e6f687dd329 Tue, 21 May 2013 00:02:52 -0400 http://www.businesssun.com/index.php/sid/214653785/scat/45419e6f687dd329 Apple remains the top global brand with an estimated value of $185 billion, according to an annual ranking by WPP and Millward Brown. Which other companies have brands worth ... http://www.businesssun.com/index.php/sid/214653104/scat/45419e6f687dd329 Mon, 20 May 2013 23:44:14 -0400 http://www.businesssun.com/index.php/sid/214653104/scat/45419e6f687dd329 Mon May 20, 2013 11:26pm EDT * Sprint gets waiver to consider $25.5 bln rival offer from Dish * SoftBank to issue 300 bln yen ($3.9 bln) in bonds in June - filing * Sprint says recommendation in favour of SoftBank offer not changed TOKYO, May 21 (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish ... http://www.businesssun.com/index.php/sid/214653143/scat/45419e6f687dd329 Mon, 20 May 2013 23:26:33 -0400 http://www.businesssun.com/index.php/sid/214653143/scat/45419e6f687dd329 (Reuters) - Wireless service provider Sprint Nextel Corp received a waiver from SoftBank Corp on various provisions of their merger agreement permitting it to engage in discussions with Dish Network ... http://www.businesssun.com/index.php/sid/214651224/scat/45419e6f687dd329 Mon, 20 May 2013 21:28:20 -0400 http://www.businesssun.com/index.php/sid/214651224/scat/45419e6f687dd329 Australian stocks have opened weaker, with declines among the banks and miners dragging the local market lower. Market players took their cues from a soft finish on Wall Street, where stocks eased back from record highs reached at the end of last week. The local big banks were trading lower at the open. ANZ had slipped 47 cents to $29.76, CBA was off 62 cents at $72.87, NAB had declined 25 ... http://www.businesssun.com/index.php/sid/214651920/scat/45419e6f687dd329 Mon, 20 May 2013 21:18:49 -0400 http://www.businesssun.com/index.php/sid/214651920/scat/45419e6f687dd329 Reuters © The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York November 2, 2011. REUTERS/Shannon ... http://www.businesssun.com/index.php/sid/214650081/scat/45419e6f687dd329 Mon, 20 May 2013 20:47:19 -0400 http://www.businesssun.com/index.php/sid/214650081/scat/45419e6f687dd329 Reuters © Japan's Deputy Prime Minister and Finance Minister Taro Aso smiles as he adjusts his headphones during a seminar at the Asian Development Bank's (ADB) 46th annual board meeting in Greater Noida, on the outskirts of New Delhi May 3, 2013. REUTERS/Adnan ... http://www.businesssun.com/index.php/sid/214650066/scat/45419e6f687dd329 Mon, 20 May 2013 20:47:16 -0400 http://www.businesssun.com/index.php/sid/214650066/scat/45419e6f687dd329 Seven West Media has named TV boss Tim Worner as its new chief executive, replacing Don Voelte.The former Seven News Perth journalist will start in the new role on July 1, heading up a media company which comprises of the Seven Television Network, The West Australian newspaper, thewest.com.au, Pacific Magazines and Yahoo7.Seven West chairman Kerry Stokes described Mr Worner as "the right man ... http://www.businesssun.com/index.php/sid/214650930/scat/45419e6f687dd329 Mon, 20 May 2013 20:47:13 -0400 http://www.businesssun.com/index.php/sid/214650930/scat/45419e6f687dd329 UPDATE 8.35am: The Australian sharemarket has opened lower after Wall Street closed in the red overnight.At 8.30am, the benchmark S&P/ASX200 index was down 34.2 points, or 0.7 per cent, at 5174.8, while the broader All Ordinaries index was down 33.8 points, or also 0.7 per cent, at 5151.6.More to ... http://www.businesssun.com/index.php/sid/214650067/scat/45419e6f687dd329 Mon, 20 May 2013 20:47:03 -0400 http://www.businesssun.com/index.php/sid/214650067/scat/45419e6f687dd329 A judge's ruling striking down the Midtown and Downtown tunnel tolls has cast a cloud over other transportation projects, exposed the state to unknown damages and left financial markets "at best, confused," according to a court memo by lawyers for the Virginia Department of Transportation. For those and other reasons, the lawyers have asked Circuit Judge James A. Cales Jr. ... http://www.businesssun.com/index.php/sid/214650084/scat/45419e6f687dd329 Mon, 20 May 2013 20:38:41 -0400 http://www.businesssun.com/index.php/sid/214650084/scat/45419e6f687dd329 The U.S. dollar retreated against major currencies on Monday after scoring major gains on improved U. S. consumer confidence in the previous ... http://www.businesssun.com/index.php/sid/214650117/scat/45419e6f687dd329 Mon, 20 May 2013 20:34:48 -0400 http://www.businesssun.com/index.php/sid/214650117/scat/45419e6f687dd329 The new Flickr homepage offers "endless scrolling," a la Pinterest and features huge photos on the left side of the page, with smaller pictures and social options on the right. Personal photo pages also got a revamp that focuses on big images. Photos won't lose any fidelity when they're uploaded and shared, and all Flickr users now get a whopping one terabyte of storage, which ... http://www.businesssun.com/index.php/sid/214650921/scat/45419e6f687dd329 Mon, 20 May 2013 20:28:37 -0400 http://www.businesssun.com/index.php/sid/214650921/scat/45419e6f687dd329 SYDNEY (Reuters) - Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country.The world's biggest software company said on Tuesday it was expanding its Windows Azure business to include a major new region in Australia.Data centres, renting out technology resources such ... http://www.businesssun.com/index.php/sid/214648883/scat/45419e6f687dd329 Mon, 20 May 2013 19:34:39 -0400 http://www.businesssun.com/index.php/sid/214648883/scat/45419e6f687dd329 WASHINGTON (AFP) - Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with "no declared tax jurisdiction," a US Senate panel has concluded.The Senate investigation, set to be discussed at a hearing Tuesday, stopped short of accusing the US tech giant of anything illegal but two lawmakers on the panel said the tax ... http://www.businesssun.com/index.php/sid/214649765/scat/45419e6f687dd329 Mon, 20 May 2013 19:34:36 -0400 http://www.businesssun.com/index.php/sid/214649765/scat/45419e6f687dd329 Brookland Valley has released a range aimed at showcasing the unique terroir of Margaret River.The Unison range would achieve its goal by using "minimal interference to encourage natural nuance of flavour", according to winemaker Courtney Treacher."Vineyards identified for their unique representation of Margaret River terroir have been used to create the Unison range, which ... http://www.businesssun.com/index.php/sid/214644657/scat/45419e6f687dd329 Mon, 20 May 2013 18:27:12 -0400 http://www.businesssun.com/index.php/sid/214644657/scat/45419e6f687dd329 US stocks have slipped despite a flurry of merger and acquisition news this week.Investors are also looking ahead to Federal Reserve Chairman Ben Bernanke's testimony to Congress this week.Yahoo!'s $US1.1 billion ($A1.13 billion) deal to buy blogging platform Tumblr temporarily helped to lift the Nasdaq above the flat line on Monday.But the move was not enough to keep it there.The Dow ... http://www.businesssun.com/index.php/sid/214643802/scat/45419e6f687dd329 Mon, 20 May 2013 18:24:24 -0400 http://www.businesssun.com/index.php/sid/214643802/scat/45419e6f687dd329 The Dow Jones industrial average and the Standard & poor's 500 index edged lower on Monday as investors waited on more information about the Federal Reserve's economic stimulus program. On Wednesday Fed Chairman Ben Bernanke will appear before Congress and the central bank will release minutes of its most recent policy meeting.Both stock indexes are close to record levels after ... http://www.businesssun.com/index.php/sid/214644555/scat/45419e6f687dd329 Mon, 20 May 2013 18:19:40 -0400 http://www.businesssun.com/index.php/sid/214644555/scat/45419e6f687dd329 claims it pays about one-sixth of income taxes U.S. corporations pay to the government, but Tim Cook is going to face tough questions on that front and others when he testifies before a Senate subcommittee Tuesday judging by remarks from the senators leading the hearing. ... http://www.businesssun.com/index.php/sid/214644658/scat/45419e6f687dd329 Mon, 20 May 2013 18:17:22 -0400 http://www.businesssun.com/index.php/sid/214644658/scat/45419e6f687dd329 , it's in the southern Irish city of Cork that Apple pioneered its famous "double irish with a Dutch sandwich" -- a tax avoidance technique designed to take advantage of a quirk in Ireland's tax laws that allows foreign corporations to move money around the world tax free. Perhaps anticipating that this is what the senators want to talk about, Apple spent nearly half of the ... http://www.businesssun.com/index.php/sid/214644186/scat/45419e6f687dd329 Mon, 20 May 2013 18:09:11 -0400 http://www.businesssun.com/index.php/sid/214644186/scat/45419e6f687dd329 Apple executives are set to defend the company's tax practices and call for corporate tax reform that would allow it to bring some of the billions of dollars in cash it has overseas back to the ... http://www.businesssun.com/index.php/sid/214644659/scat/45419e6f687dd329 Mon, 20 May 2013 18:09:10 -0400 http://www.businesssun.com/index.php/sid/214644659/scat/45419e6f687dd329 The Australian dollar half a US cent higher as the American currency pauses from its week-long rally.At 0630 AEST on Tuesday, the local unit was trading at 98.10 US cents, up from 97.57 cents on ... http://www.businesssun.com/index.php/sid/214643470/scat/45419e6f687dd329 Mon, 20 May 2013 17:23:18 -0400 http://www.businesssun.com/index.php/sid/214643470/scat/45419e6f687dd329 A roundup of trading on major world markets:NEW YORK - US stocks have closed slightly lower in thin trade ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress.At the closing bell on Monday, the Dow Jones Industrial Average was down 18.35 points (0.12 per cent) at 15,336.05.The tech-rich Nasdaq Composite Index edged down 2.53 (0.07 per cent) to ... http://www.businesssun.com/index.php/sid/214643471/scat/45419e6f687dd329 Mon, 20 May 2013 17:23:13 -0400 http://www.businesssun.com/index.php/sid/214643471/scat/45419e6f687dd329 The index tracks performance of selected biotech or pharmaceutical stocks traded on Nasdaq. Acadia trades at a market value of about $1.1 billion, making it one of San Diego's largest biotech companies by that ... http://www.businesssun.com/index.php/sid/214642489/scat/45419e6f687dd329 Mon, 20 May 2013 17:20:42 -0400 http://www.businesssun.com/index.php/sid/214642489/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Urban Outfitters fell in after-hours trade Monday after its fiscal first-quarter sales came up short of expectations, while TiVo posted a slight gain as its quarterly loss was smaller than ... http://www.businesssun.com/index.php/sid/214642492/scat/45419e6f687dd329 Mon, 20 May 2013 17:17:11 -0400 http://www.businesssun.com/index.php/sid/214642492/scat/45419e6f687dd329 Jackson Pollock's No 19 and a few other paintings achieved the top prices at auction last week, but not the biggest returns. (Image source: Christie's) Over $1 billion of post-war and contemporary art changed hands in New York last week, generating masses of headlines about record-breaking sales and record-breaking art. Larry Gagosian said that last week's evening sale of ... http://www.businesssun.com/index.php/sid/214643472/scat/45419e6f687dd329 Mon, 20 May 2013 17:14:02 -0400 http://www.businesssun.com/index.php/sid/214643472/scat/45419e6f687dd329 The Nimitz-class aircraft carrier USS Abraham Lincoln, launched from the Newport News shipyard in 1988. Huntington Ingalls Industries, which now operates the shipyard, recently received a $2.6 billion contract to refuel and overhaul the nuclear-powered carrier. (U.S. Navy photo by Mass Communication Specialist 3rd Class Jerine Lee/Released) Three years into a downturn in demand that may last ... http://www.businesssun.com/index.php/sid/214642541/scat/45419e6f687dd329 Mon, 20 May 2013 17:14:01 -0400 http://www.businesssun.com/index.php/sid/214642541/scat/45419e6f687dd329 NASD: AGNC ) crossed below their last reported book value -- defined as common shareholder equity per share -- of $28.93, changing hands as low as $28.90 per share. American Capital Agency Corp shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of AGNC shares, versus its 50 and 200 day moving ... http://www.businesssun.com/index.php/sid/214642837/scat/45419e6f687dd329 Mon, 20 May 2013 17:14:01 -0400 http://www.businesssun.com/index.php/sid/214642837/scat/45419e6f687dd329 "The motion on this storm is sickening," says a storm chaser The tornado is estimated to be at least two miles wide 2 people are confirmed dead after a tornado tears through Shawnee, Oklahoma "500,000 square miles under the gun for severe weather," a meteorologist ... http://www.businesssun.com/index.php/sid/214643193/scat/45419e6f687dd329 Mon, 20 May 2013 17:05:46 -0400 http://www.businesssun.com/index.php/sid/214643193/scat/45419e6f687dd329 Money magazine's Best Deals on Everything: Your guide to the latest bargains in the investing world, from beer can makers and ETFs, to Chinese technology and ... http://www.businesssun.com/index.php/sid/214643474/scat/45419e6f687dd329 Mon, 20 May 2013 17:05:35 -0400 http://www.businesssun.com/index.php/sid/214643474/scat/45419e6f687dd329 U.S. Senate candidate's investment performance. FORTUNE -- Massachusetts voters are one month away from deciding whether or not former private equity investor Gabriel Gomez should be their next U.S. Senator, in a special election to succeed John Kerry. To be sure, the ultimate decision won't be based much on what Gomez did, or didn't, do in his eight-plus years with Advent ... http://www.businesssun.com/index.php/sid/214643473/scat/45419e6f687dd329 Mon, 20 May 2013 17:05:33 -0400 http://www.businesssun.com/index.php/sid/214643473/scat/45419e6f687dd329 Mon May 20, 2013 4:48pm EDT * Yahoo to buy Tumblr for $1.1 bln, vows not to screw up * Dow, S&P 500 briefly hit all-time intraday highs * JA Solar's margin bets pay off, shares surge * Dow off 0.1 pct, S&P off 0.1 pct; Nasdaq off 0.1 pct By Angela Moon NEW YORK, May 20 (Reuters) - U.S. stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a ... http://www.businesssun.com/index.php/sid/214643806/scat/45419e6f687dd329 Mon, 20 May 2013 16:48:28 -0400 http://www.businesssun.com/index.php/sid/214643806/scat/45419e6f687dd329 US stocks have closed slightly lower in thin trade ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress. At the closing bell on Monday, the Dow Jones Industrial Average was down 18.35 points (0.12 per cent) at 15,336.05. The tech-rich Nasdaq Composite Index edged down 2.53 (0.07 per cent) to 3496.43 and the broad-market S&P 500 lost 1.21 (0.07 per ... http://www.businesssun.com/index.php/sid/214643476/scat/45419e6f687dd329 Mon, 20 May 2013 16:30:19 -0400 http://www.businesssun.com/index.php/sid/214643476/scat/45419e6f687dd329 NEW YORK (AFP) - United Airlines resumed Boeing 787 Dreamliner flights Monday after the advanced plane was globally grounded four months ago due to overheated battery incidents.United, the only US carrier that owns the high-tech jetliner, relaunched 787 passenger service with a flight from the airline's hub in Houston, Texas, to Chicago, where Boeing is based, United said in a statement.The ... http://www.businesssun.com/index.php/sid/214641293/scat/45419e6f687dd329 Mon, 20 May 2013 16:20:03 -0400 http://www.businesssun.com/index.php/sid/214641293/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- The dollar fell on Monday, but still traded at nearly five-year highs against the Japanese yen, as a Federal Reserve president said more time is needed to assess labor-market ... http://www.businesssun.com/index.php/sid/214641277/scat/45419e6f687dd329 Mon, 20 May 2013 16:13:35 -0400 http://www.businesssun.com/index.php/sid/214641277/scat/45419e6f687dd329 new study from the Employee Benefits Research Institute put a number on it this week: Among the lower-earning half of savers ages 61 to 70, nearly half (48%) were taking out money ahead of time. Even among the top half of earners the early IRA withdrawal number was surprisingly high, at 42.7% for the third quartile and nearly 29% of the highest quartile group. The amount of money varied. The ... http://www.businesssun.com/index.php/sid/214642235/scat/45419e6f687dd329 Mon, 20 May 2013 16:10:07 -0400 http://www.businesssun.com/index.php/sid/214642235/scat/45419e6f687dd329 NYSE: CLF ) priced a 9,000,000 share secondary stock offering at $29.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Monday, bargain hunters could buy shares of CLF and achieve a cost basis 30.3% cheaper than those buyers, with shares changing hands as low as $20.20 per share. ... http://www.businesssun.com/index.php/sid/214642237/scat/45419e6f687dd329 Mon, 20 May 2013 16:10:07 -0400 http://www.businesssun.com/index.php/sid/214642237/scat/45419e6f687dd329 The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money -- maybe they find the stock very undervalued, or maybe they see exciting ... http://www.businesssun.com/index.php/sid/214642236/scat/45419e6f687dd329 Mon, 20 May 2013 16:10:06 -0400 http://www.businesssun.com/index.php/sid/214642236/scat/45419e6f687dd329 BRUSSELS (Reuters) - A draft European Union law voted on Monday would shield small depositors from losing their savings in bank rescues, but customers with over 100,000 euros in savings when a bank failed could suffer losses. On Monday, a group of European lawmakers in the house's economics committee voted that, from 2016, large depositors in the European Union might suffer losses if a bank ... http://www.businesssun.com/index.php/sid/214641606/scat/45419e6f687dd329 Mon, 20 May 2013 16:00:10 -0400 http://www.businesssun.com/index.php/sid/214641606/scat/45419e6f687dd329 Men are silhouetted against a video screen with an Apple logo as they pose with an Apple iPhone 4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, May 17, ... http://www.businesssun.com/index.php/sid/214641285/scat/45419e6f687dd329 Mon, 20 May 2013 15:56:04 -0400 http://www.businesssun.com/index.php/sid/214641285/scat/45419e6f687dd329 Reuters © European Energy Commissioner Gunther Oettinger addresses a news conference at the EU Commission headquarters in Brussels June 6, 2012. REUTERS/Laurent ... http://www.businesssun.com/index.php/sid/214640236/scat/45419e6f687dd329 Mon, 20 May 2013 15:16:19 -0400 http://www.businesssun.com/index.php/sid/214640236/scat/45419e6f687dd329 The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages. Investors are often ... http://www.businesssun.com/index.php/sid/214639941/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:27 -0400 http://www.businesssun.com/index.php/sid/214639941/scat/45419e6f687dd329 NYSE: STL.PRA ) were yielding above the 8% mark based on its quarterly dividend (annualized to $0.8375), with shares changing hands as low as $10.30 on the day. This compares to an average yield of 5.02% in the "Financial" preferred stock category, according ... http://www.businesssun.com/index.php/sid/214639942/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:26 -0400 http://www.businesssun.com/index.php/sid/214639942/scat/45419e6f687dd329 NYSE: UBP.PRD ) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $26.47 on the day. This compares to an average yield of 6.10% in the ... http://www.businesssun.com/index.php/sid/214641013/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:26 -0400 http://www.businesssun.com/index.php/sid/214641013/scat/45419e6f687dd329 (DB) from hold to buy with the firm citing improving fundamentals later this year. And shares Lowe's (LOW) were downgraded by Oppenheimer from Outperform to Perform, with the firm pointing to ... http://www.businesssun.com/index.php/sid/214641015/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:26 -0400 http://www.businesssun.com/index.php/sid/214641015/scat/45419e6f687dd329 report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money -- maybe they find ... http://www.businesssun.com/index.php/sid/214641014/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:26 -0400 http://www.businesssun.com/index.php/sid/214641014/scat/45419e6f687dd329 Goldman Sachs (GS) upgraded shares of Abbott Labratories (ABT) from neutral to buy citing growth of margin expansion. Additionally Goldman ... http://www.businesssun.com/index.php/sid/214641016/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:25 -0400 http://www.businesssun.com/index.php/sid/214641016/scat/45419e6f687dd329 The WisdomTree Dividend ex-Financials Fund ETF (DTN) is seeing unusually high volume in afternoon trading Monday, with over 168,000 shares traded versus three month average volume of about 65,000. Shares of DTN were trading flat on the day. Components of that ETF with the highest volume on Monday were Microsoft (MSFT), trading trading flat with over 27.7 million shares changing hands so far this ... http://www.businesssun.com/index.php/sid/214641019/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:25 -0400 http://www.businesssun.com/index.php/sid/214641019/scat/45419e6f687dd329 Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys. On Thursday, LivePerson (LPSN)'s Director, William Wesemann, made a ... http://www.businesssun.com/index.php/sid/214641018/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:25 -0400 http://www.businesssun.com/index.php/sid/214641018/scat/45419e6f687dd329 Comex gold and silver futures prices suddenly surged higher near midday Monday, to reverse early, substantial losses and then ended the U.S. day session higher and near their daily highs. Heavy short covering and bargain hunting were featured during the precious metals' turnarounds. The key "outside markets" were also in a bullish posture for gold and silver Monday, as the U.S. ... http://www.businesssun.com/index.php/sid/214640024/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:25 -0400 http://www.businesssun.com/index.php/sid/214640024/scat/45419e6f687dd329 This morning Umpqua Holdings (UMPQ) announced its quarterly dividend of 15 cents per share, an increase of about 50% over its prior dividend in March of 10 cents. Ray Davis, President and CEO of Umpqua Holdings Corporation said "The increased quarterly dividend is due to the capital strength and the ongoing capital management here at Umpqua..." San Juan Basin Royalty Trust (SJT) ... http://www.businesssun.com/index.php/sid/214641017/scat/45419e6f687dd329 Mon, 20 May 2013 15:05:24 -0400 http://www.businesssun.com/index.php/sid/214641017/scat/45419e6f687dd329 $SPACEX . Incredible Musk, who is the chairman of SolarCity, was a co-founder of Internet payment system Paypal. But he's perhaps best known as the founder of electric car company Tesla ... http://www.businesssun.com/index.php/sid/214641021/scat/45419e6f687dd329 Mon, 20 May 2013 14:55:27 -0400 http://www.businesssun.com/index.php/sid/214641021/scat/45419e6f687dd329 Tesla Motors doesn't want to sell its cars the way every other car company does, and that's making a lot of traditional automobile dealers mad. And those dealers are fighting ... http://www.businesssun.com/index.php/sid/214641020/scat/45419e6f687dd329 Mon, 20 May 2013 14:55:27 -0400 http://www.businesssun.com/index.php/sid/214641020/scat/45419e6f687dd329 You like me. You really, really like me. Why we're paying attention to the wrong deal. FORTUNE -- By now I'm sure you've heard about today's big merger news: Actavis ... http://www.businesssun.com/index.php/sid/214641023/scat/45419e6f687dd329 Mon, 20 May 2013 14:55:13 -0400 http://www.businesssun.com/index.php/sid/214641023/scat/45419e6f687dd329 But some companies that hire young people train extensively, and claim that if you focus on skills, it's worth the cash. That's true not only in the long run -- LaVelle notes that trained employees "don't quit as quickly" -- but sometimes even in a new hire's first weeks. Most major investment banks outsource a chunk of their new employee training to a company ... http://www.businesssun.com/index.php/sid/214641022/scat/45419e6f687dd329 Mon, 20 May 2013 14:55:12 -0400 http://www.businesssun.com/index.php/sid/214641022/scat/45419e6f687dd329 NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ... http://www.businesssun.com/index.php/sid/214641025/scat/45419e6f687dd329 Mon, 20 May 2013 14:47:07 -0400 http://www.businesssun.com/index.php/sid/214641025/scat/45419e6f687dd329 Mon May 20, 2013 2:18pm EDT * U.S. Fed has right monetary accommodation in place: Fed's Evans * Dow, S&P briefly hits new session highs * Yahoo's board approves $1.1 bln Tumblr acquisition * Indexes: Dow off 0.2 pct, S&P off 0.2 pct, Nasdaq 0.3 pct By Angela Moon NEW YORK, May 20 (Reuters) - U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record ... http://www.businesssun.com/index.php/sid/214639855/scat/45419e6f687dd329 Mon, 20 May 2013 14:18:09 -0400 http://www.businesssun.com/index.php/sid/214639855/scat/45419e6f687dd329 LONDON | Mon May 20, 2013 2:02pm EDT LONDON May 20 (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates. Cameron's intervention came days after British lawmakers accused Google of using "smoke and ... http://www.businesssun.com/index.php/sid/214640021/scat/45419e6f687dd329 Mon, 20 May 2013 14:02:37 -0400 http://www.businesssun.com/index.php/sid/214640021/scat/45419e6f687dd329 By Sarah McBrideSAN FRANCISCO (Reuters) - Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms.GrubHub and Seamless, which allow consumers to easily order online from various restaurants, are part of a group of fast-growing businesses that standardize local services under a ... http://www.businesssun.com/index.php/sid/214638533/scat/45419e6f687dd329 Mon, 20 May 2013 14:00:15 -0400 http://www.businesssun.com/index.php/sid/214638533/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Energy stocks rose on Monday, the top gainer in the S&P 500 Index, standing head and shoulders above other sectors and up 4.3% on the ... http://www.businesssun.com/index.php/sid/214638501/scat/45419e6f687dd329 Mon, 20 May 2013 13:53:09 -0400 http://www.businesssun.com/index.php/sid/214638501/scat/45419e6f687dd329 On Friday, Halliburton Company (HAL) announced that it will be maintaining its quarterly dividend of 12.5 cents per share. Based on the current stock price, investors can expect a yield of about 1.1% going forward. Shares of Halliburton were relatively flat on Monday, trading right around $45.34. Among dividend increases, National Oilwell Varco (NOV) announced its quarterly dividend of 26 cents ... http://www.businesssun.com/index.php/sid/214639592/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:32 -0400 http://www.businesssun.com/index.php/sid/214639592/scat/45419e6f687dd329 Analysts also project strong growth for IAC over the next couple of years. Despite this, shares trade at just 13x forward earnings, well below their historical ... http://www.businesssun.com/index.php/sid/214638562/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:31 -0400 http://www.businesssun.com/index.php/sid/214638562/scat/45419e6f687dd329 is expected to report poor second quarter earnings on Wednesday, May 22, 2013 with analysts expecting a 17.3% drop in earnings from a year ago. The consensus estimate is 82 cents per share, down from earnings of 98 cents per share a year ago. Over the past month, the consensus estimate has fallen from 82 cents, but it's still up from the consensus estimate of 77 cents three months ago. For ... http://www.businesssun.com/index.php/sid/214638505/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:30 -0400 http://www.businesssun.com/index.php/sid/214638505/scat/45419e6f687dd329 when the company reports its first quarter results on Wednesday, May 22, 2013. The consensus estimate is calling for profit of 51 cents a share, a rise from 43 cents per share a year ago. The consensus estimate has declined from 52 cents over the past three months. For the fiscal year, analysts are projecting earnings of $2.08 per share. Revenue is expected to be $13.45 billion for the quarter, ... http://www.businesssun.com/index.php/sid/214638506/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:30 -0400 http://www.businesssun.com/index.php/sid/214638506/scat/45419e6f687dd329 when the company reports its first quarter results on Wednesday, May 22, 2013. The consensus estimate is calling for profit of 46 cents a share, a rise from 41 cents per share a year ago. The consensus estimate has declined from 51 cents over the past three months. Analysts are expecting earnings of $3.10 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of ... http://www.businesssun.com/index.php/sid/214638509/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:29 -0400 http://www.businesssun.com/index.php/sid/214638509/scat/45419e6f687dd329 when the company reports its results for the first quarter on Wednesday, May 22, 2013. Staples reported profit of 30 cents a year ago, but the consensus estimate calls for earnings per share of 27 cents this time around. The consensus estimate has declined from 31 cents over the past three months. Analysts are expecting earnings of $1.33 per share for the fiscal year. Analysts look for revenue ... http://www.businesssun.com/index.php/sid/214638507/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:29 -0400 http://www.businesssun.com/index.php/sid/214638507/scat/45419e6f687dd329 , expecting it to report earnings that are up 12.9% from a year ago when it reports its first quarter earnings on Wednesday, May 22, 2013. The consensus estimate is 96 cents per share, up from earnings of 85 cents per share a year ago. The consensus estimate has gone up from 94 cents over the past three months. Analysts are projecting earnings of $3.92 per share for the fiscal year. Revenue is ... http://www.businesssun.com/index.php/sid/214638511/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:29 -0400 http://www.businesssun.com/index.php/sid/214638511/scat/45419e6f687dd329 announcement of its first quarter earnings on Wednesday, May 22, 2013 analysts have become more wary as expectations have fallen over the past month to earnings of 86 cents per share from earnings of 91 cents per share. Analysts' estimates are down 17.3% from the year-ago quarter, when Target reported earnings of $1.04 per share. The consensus estimate has dipped over the past three months ... http://www.businesssun.com/index.php/sid/214638510/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:29 -0400 http://www.businesssun.com/index.php/sid/214638510/scat/45419e6f687dd329 before it reports its first quarter earnings on Wednesday, May 22, 2013. Analysts are expecting American Eagle to come in with earnings of 17 cents per share, 15% less than a year ago when it reported earnings of 20 cents per share. Over the past three months, the consensus estimate has sagged from 25 cents. For the fiscal year, analysts are projecting earnings of $1.49 per share. After being ... http://www.businesssun.com/index.php/sid/214638512/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:28 -0400 http://www.businesssun.com/index.php/sid/214638512/scat/45419e6f687dd329 reports its fourth quarter earnings on Tuesday, May 21, 2013. The consensus estimate is $1.03 per share, up 4% from a year ago when Medtronic reported earnings of 99 cents per share. Analysts are expecting earnings of $3.69 per share for the fiscal year. Revenue is projected to be $4.39 billion for the quarter, 2.2% above the year-earlier total of $4.3 billion. For the year, revenue is ... http://www.businesssun.com/index.php/sid/214638514/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:28 -0400 http://www.businesssun.com/index.php/sid/214638514/scat/45419e6f687dd329 is expected to report poor second quarter earnings on Wednesday, May 22, 2013 with analysts expecting a 30% drop in earnings from a year ago. The consensus estimate is 7 cents per share, down from earnings of 10 cents per share a year ago. The consensus estimate has moved down from 20 cents over the past three months. Analysts are projecting earnings of 73 cents per share for the fiscal year. ... http://www.businesssun.com/index.php/sid/214638513/scat/45419e6f687dd329 Mon, 20 May 2013 13:49:28 -0400 http://www.businesssun.com/index.php/sid/214638513/scat/45419e6f687dd329 By Charlie O'Donnell FORTUNE -- You can do the math on Tumblr's pageviews, throw in some expected CPM, weighted average cost of capital, and try to justify the $1.1 billion that Yahoo ... http://www.businesssun.com/index.php/sid/214639579/scat/45419e6f687dd329 Mon, 20 May 2013 13:41:32 -0400 http://www.businesssun.com/index.php/sid/214639579/scat/45419e6f687dd329 Tumblr is the latest, and perhaps buzziest, startup to be acquired by Yahoo -- but the purple tech giant's track record for previous mergers is spotty at ... http://www.businesssun.com/index.php/sid/214638568/scat/45419e6f687dd329 Mon, 20 May 2013 13:41:27 -0400 http://www.businesssun.com/index.php/sid/214638568/scat/45419e6f687dd329 LONDON (Reuters) - Nationwide, Britain's biggest customer-owned financial services group, plans to issue a new form of so-called loss-absorbing debt in order to bolster its capital position. Loss-absorbing debt is used by financial companies ... http://www.businesssun.com/index.php/sid/214638559/scat/45419e6f687dd329 Mon, 20 May 2013 13:36:21 -0400 http://www.businesssun.com/index.php/sid/214638559/scat/45419e6f687dd329 (Reuters) - Morgan Stanley (MS.N) has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING U.S. Inc (VOYA.N) and others in exchange for extra fees in an illegal "pay-to-play" scheme. Skin ... http://www.businesssun.com/index.php/sid/214638558/scat/45419e6f687dd329 Mon, 20 May 2013 13:36:21 -0400 http://www.businesssun.com/index.php/sid/214638558/scat/45419e6f687dd329 , Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday.Last week, European Commission authorities raided the London bureau of pricing agency ... http://www.businesssun.com/index.php/sid/214638208/scat/45419e6f687dd329 Mon, 20 May 2013 12:53:42 -0400 http://www.businesssun.com/index.php/sid/214638208/scat/45419e6f687dd329 DUBLIN (AFP) - US drugs company Actavis on Monday agreed to buy Irish peer Warner Chilcott for $8.5 billion (6.6 billion euros) including debt, in a bumper takeover that creates a key global player."Actavis, Inc. and Warner Chilcott plc today announced they have entered into a definitive agreement under which Actavis will acquire Warner Chilcott plc in a stock-for-stock transaction valued at ... http://www.businesssun.com/index.php/sid/214637656/scat/45419e6f687dd329 Mon, 20 May 2013 12:53:40 -0400 http://www.businesssun.com/index.php/sid/214637656/scat/45419e6f687dd329 on Monday, representing a premium of 45 percent to Elan's enterprise value, it said.The company said it was offering $4.6 billion for Elan's Tysabri Royalty, a 42 percent premium to the $3.25 billion price at which Elan sold half of its interest in Tysabri to its U.S. partner Biogen ... http://www.businesssun.com/index.php/sid/214638209/scat/45419e6f687dd329 Mon, 20 May 2013 12:53:37 -0400 http://www.businesssun.com/index.php/sid/214638209/scat/45419e6f687dd329 DUBLIN (AFP) - Irish no-frills airline Ryanair said Monday that annual profits rose slightly last year, aided by higher revenues, and hiked its traffic forecast for the current financial year.Earnings after taxation grew 1.5 percent to 569.3 million euros ($731.2 million) in the 12 months to the end of March, the Dublin-based carrier said in a results statement.That marked a record high, ... http://www.businesssun.com/index.php/sid/214638210/scat/45419e6f687dd329 Mon, 20 May 2013 12:53:32 -0400 http://www.businesssun.com/index.php/sid/214638210/scat/45419e6f687dd329 Oil moved higher as U.S. stock markets reversed early losses. At midday, the Dow Jones industrial average showed a gain of 19.82, or 0.1 ... http://www.businesssun.com/index.php/sid/214637090/scat/45419e6f687dd329 Mon, 20 May 2013 12:51:08 -0400 http://www.businesssun.com/index.php/sid/214637090/scat/45419e6f687dd329 Mon May 20, 2013 12:50pm EDT * Yahoo's board approves $1.1 bln Tumblr acquisition * Plains Exploration stock up as Freeport sweetens deal * Actavis to acquire Warner Chilcott in stock-for-stock deal * Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.04 pct By Leah Schnurr NEW YORK, May 20 (Reuters) - U.S. stocks rose slightly on Monday as acquisition activity gave support, but investors were ... http://www.businesssun.com/index.php/sid/214638517/scat/45419e6f687dd329 Mon, 20 May 2013 12:50:56 -0400 http://www.businesssun.com/index.php/sid/214638517/scat/45419e6f687dd329 What do you do when you buy a new house or condo? Buy furniture, of course. Suddenly, that old sectional with the dog hair stuck to the pillows isn't looking so ... http://www.businesssun.com/index.php/sid/214638211/scat/45419e6f687dd329 Mon, 20 May 2013 12:43:24 -0400 http://www.businesssun.com/index.php/sid/214638211/scat/45419e6f687dd329 Despite a big selloff after the earnings report, expectations are still high for Rackspace with shares trading at more than 50x forward earnings. San Antonio, Texas-based Rackspace is an IT hosting company that provides cloud computing services. It was founded in 1989 and has a market cap of $5.9 ... http://www.businesssun.com/index.php/sid/214638212/scat/45419e6f687dd329 Mon, 20 May 2013 12:43:24 -0400 http://www.businesssun.com/index.php/sid/214638212/scat/45419e6f687dd329 SPY ) was at $153.55, which is just over 8% below last Friday's close. There are still stocks that have completed continuation patterns or that have pulled back to good support while the major averages have moved higher. ... http://www.businesssun.com/index.php/sid/214637157/scat/45419e6f687dd329 Mon, 20 May 2013 12:43:24 -0400 http://www.businesssun.com/index.php/sid/214637157/scat/45419e6f687dd329 Silver ore (Photo credit: Wikipedia) With gold and silver prices falling off a cliff in 2013, it's not surprising that earnings estimates are being cut for the ... http://www.businesssun.com/index.php/sid/214637289/scat/45419e6f687dd329 Mon, 20 May 2013 12:43:23 -0400 http://www.businesssun.com/index.php/sid/214637289/scat/45419e6f687dd329 Large speculators continued to pare their net bullish positioning for gold and silver futures and options but increased it for platinum and palladium during the most recent reporting period for data compiled by the Commodity Futures Trading Commission. Gold and silver prices declined as their net length fell during time period covered by the report, which was for the week through May 14. Comex ... http://www.businesssun.com/index.php/sid/214637162/scat/45419e6f687dd329 Mon, 20 May 2013 12:43:22 -0400 http://www.businesssun.com/index.php/sid/214637162/scat/45419e6f687dd329 The short-term average has been moving lower and the long-term average has been creeping up over the past few weeks as yields move higher. On Friday, the 50 day moving average was 1.82%, compared with 1.78% for the 200 day moving average. If history is any guide, hitting the death cross could lead to more bond buying, a sharp drop in yields and a correction in stock prices, according to Abigail ... http://www.businesssun.com/index.php/sid/214637100/scat/45419e6f687dd329 Mon, 20 May 2013 12:34:53 -0400 http://www.businesssun.com/index.php/sid/214637100/scat/45419e6f687dd329 Ed Shoemaker (left) and Josh Sparks (right) FORTUNE -- Joshua Sparks and Ed Shoemaker postponed their first interview with Fortune because they had to get in a helicopter and save someone's life. It was, perhaps, the most valid reason for rescheduling I've heard. Sparks and Shoemaker are, respectively, a critical care paramedic and pilot on the University of Massachusetts ... http://www.businesssun.com/index.php/sid/214638213/scat/45419e6f687dd329 Mon, 20 May 2013 12:34:51 -0400 http://www.businesssun.com/index.php/sid/214638213/scat/45419e6f687dd329 MOSCOW (Reuters) - Rosneft (ROSN.MM), the state-owned Russian crude producer which earlier this year bought TNK-BP, announced several senior management appointments on Monday after former TNK-BP executives decided to leave positions they had ... http://www.businesssun.com/index.php/sid/214637150/scat/45419e6f687dd329 Mon, 20 May 2013 12:29:24 -0400 http://www.businesssun.com/index.php/sid/214637150/scat/45419e6f687dd329 Reuters © Norbert-Walter Borjans, Finance Minister of North Rhine-Westphalia gestures during a Reuters interview at the NRW federal state parliament in Duesseldorf May 16, 2013. REUTERS/Ina ... http://www.businesssun.com/index.php/sid/214636065/scat/45419e6f687dd329 Mon, 20 May 2013 11:49:03 -0400 http://www.businesssun.com/index.php/sid/214636065/scat/45419e6f687dd329 By Natasha BakerTORONTO (Reuters) - A new app launched on Monday aims to bring William Shakespeare's sonnets to the masses with the help of short films starring stage actors performing them in front of New York landmarks.The Sonnet Project is a free app for the iPhone and iPad that showcases the bard's poetry through films of up to two minutes and performances by Tony-Award winning ... http://www.businesssun.com/index.php/sid/214636605/scat/45419e6f687dd329 Mon, 20 May 2013 11:48:52 -0400 http://www.businesssun.com/index.php/sid/214636605/scat/45419e6f687dd329 NEW YORK (AFP) - Yahoo! unveiled its biggest deal yet under chief Marissa Mayer on Monday, snagging blogging platform Tumblr for $1.1 billion in a move to get younger users into the orbit of the struggling Internet pioneer.The two firms confirmed weekend reports of the tie-up, a deal which keeps the fast-growing Tumblr largely independent while integrating technology and advertising ... http://www.businesssun.com/index.php/sid/214636578/scat/45419e6f687dd329 Mon, 20 May 2013 11:48:49 -0400 http://www.businesssun.com/index.php/sid/214636578/scat/45419e6f687dd329 NEW YORK (MarketWatch) - Financial stocks were up in early trades on Monday, continuing their winning streak ahead of Fed Chief Ben Bernanke's testimony to Congress on ... http://www.businesssun.com/index.php/sid/214635612/scat/45419e6f687dd329 Mon, 20 May 2013 11:42:24 -0400 http://www.businesssun.com/index.php/sid/214635612/scat/45419e6f687dd329 SAN FRANCISCO (MarketWatch) -- Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by Chief Executive Marissa Mayer in her attempts to reinvigorate the one-time Internet ... http://www.businesssun.com/index.php/sid/214635611/scat/45419e6f687dd329 Mon, 20 May 2013 11:42:23 -0400 http://www.businesssun.com/index.php/sid/214635611/scat/45419e6f687dd329 While the outlook in the Chinese Internet advertising market looks mixed in the short term, we expect the company to leverage its partnership with Alibaba to gradually boost its ... http://www.businesssun.com/index.php/sid/214635660/scat/45419e6f687dd329 Mon, 20 May 2013 11:39:00 -0400 http://www.businesssun.com/index.php/sid/214635660/scat/45419e6f687dd329 BlackBerry is now targeting the emerging markets with low-end smartphones. At the BlackBerry Keynote address held on May 14, the handset maker took the wraps off the Q5 - its long awaited QWERTY replacement for the earlier generation low-end Curve handsets that were a rage in the emerging markets. While BlackBerry will look to improve margins and return to full-year profitability with the help ... http://www.businesssun.com/index.php/sid/214635661/scat/45419e6f687dd329 Mon, 20 May 2013 11:39:00 -0400 http://www.businesssun.com/index.php/sid/214635661/scat/45419e6f687dd329 People interact with the Samsung Galaxy S IV, March 14, 2013 in New York City. Samsung, the world's largest handset maker, revealed their successor to the Galaxy S III. The Galaxy S IV features a five-inch 1080p screen, a 1.9GHz quad-core processor, a 13-megapixel rear camera and ships with the latest Android version, Jelly ... http://www.businesssun.com/index.php/sid/214636606/scat/45419e6f687dd329 Mon, 20 May 2013 11:39:00 -0400 http://www.businesssun.com/index.php/sid/214636606/scat/45419e6f687dd329 SanDisk , a flash memory or NAND market leader, to launch its first hybrid disk drive. The move comes as the storage device maker catches up with its largest ... http://www.businesssun.com/index.php/sid/214636609/scat/45419e6f687dd329 Mon, 20 May 2013 11:38:59 -0400 http://www.businesssun.com/index.php/sid/214636609/scat/45419e6f687dd329 With users increasingly consuming web content from their mobile devices, content providers are strengthening their focus on the nascent, but rapidly growing mobile ... http://www.businesssun.com/index.php/sid/214636608/scat/45419e6f687dd329 Mon, 20 May 2013 11:38:59 -0400 http://www.businesssun.com/index.php/sid/214636608/scat/45419e6f687dd329 Best Buy will announce its Q1 results on May 20. We expect the company to report better year-over-year revenues largely due to its price matching policy. However, margins could come in lower due to aggressive pricing, which will weigh on ... http://www.businesssun.com/index.php/sid/214635618/scat/45419e6f687dd329 Mon, 20 May 2013 11:38:59 -0400 http://www.businesssun.com/index.php/sid/214635618/scat/45419e6f687dd329 Federal Reserve Chairmen Ben Bernanke As the markets reach new highs, and scandal dominates the nation's capitol, I am compelled to examine the still unresolved challenges about whether our 100 year old central bank- the Federal Reserve- will be capable of warding off another potential systemic financial crisis like the one that almost toppled the economy in 2008. And secondarily, whether ... http://www.businesssun.com/index.php/sid/214635663/scat/45419e6f687dd329 Mon, 20 May 2013 11:38:58 -0400 http://www.businesssun.com/index.php/sid/214635663/scat/45419e6f687dd329 It comes as little surprise that America’s biggest banks are among the heaviest borrowers from the Federal Reserve’s unprecedented liquidity facilities during the financial crisis that doled out more than $1.2 trillion. An analysis of thousands of documents ... http://www.businesssun.com/index.php/sid/214635690/scat/45419e6f687dd329 Mon, 20 May 2013 11:38:58 -0400 http://www.businesssun.com/index.php/sid/214635690/scat/45419e6f687dd329 To answer those worries, Yahoo said that Tumblr will be independently operated as a separate business with Karp staying on as CEO. Yahoo CEO Marissa Mayer posted her ... http://www.businesssun.com/index.php/sid/214636610/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:32 -0400 http://www.businesssun.com/index.php/sid/214636610/scat/45419e6f687dd329 AAPL ) over the past decade is one of the most extraordinary stories in American business history. Ten years ago, the computer giant ranked No. 300 on the Fortune 500 with $5.7 billion in revenues. This year -- millions of iPods, iPhones, and iPads later -- Apple is ranked No. 6 on the 500 with $156.5 billion in revenues. And yet, Apple is not the fastest-growing company in the Fortune 500 over ... http://www.businesssun.com/index.php/sid/214636611/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:31 -0400 http://www.businesssun.com/index.php/sid/214636611/scat/45419e6f687dd329 recent report by McKinsey & Co. shows that e-commerce sales in China reached an estimated $190 billion last year, almost equaling the U.S. market as largest in the world. China's online retail industry is expected to grow to at least $420 billion by 2020-which would total more than the U.S., Japanese, U.K., German, and French markets combined. China will overtake the U.S. for the top ... http://www.businesssun.com/index.php/sid/214635787/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:30 -0400 http://www.businesssun.com/index.php/sid/214635787/scat/45419e6f687dd329 FORTUNE --- If you hadn't heard of Tableau Softwarebefore its glamorous debut on the public market last Friday, you're not alone. The Seattle-based company ... http://www.businesssun.com/index.php/sid/214636613/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:29 -0400 http://www.businesssun.com/index.php/sid/214636613/scat/45419e6f687dd329 "It is probably the most common technical analysis pattern in trading," he explains. "An Inverse Head and Shoulders pattern is an extremely bullish reversal pattern, it occurs when a stock forms a bottom by printing a series of 3 lows. What's important about this pattern is volume. Volume must be heavy on the lowest low, because that signals a wash out and exhaustion in ... http://www.businesssun.com/index.php/sid/214636614/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:28 -0400 http://www.businesssun.com/index.php/sid/214636614/scat/45419e6f687dd329 reported that fuel cell maker Bloom Energy Corp. had raised $130 million in new private equity funding led by an undisclosed investor. I still don't know who the investor is, but do now have a better idea of what he/she/it was buying into. The Sunnyvale, Calif.-based company posted $42 million of pro forma revenue and negative $61 million of pro forma operating income for Q1 2013, according ... http://www.businesssun.com/index.php/sid/214635821/scat/45419e6f687dd329 Mon, 20 May 2013 11:30:27 -0400 http://www.businesssun.com/index.php/sid/214635821/scat/45419e6f687dd329 US stocks have edged lower in opening trade amid a flurry of merger and acquisition news, including the Yahoo! takeover of blogging platform ... http://www.businesssun.com/index.php/sid/214636615/scat/45419e6f687dd329 Mon, 20 May 2013 11:23:57 -0400 http://www.businesssun.com/index.php/sid/214636615/scat/45419e6f687dd329 will open its first plant in Afghanistan in 2014, its Afghan partner said on Monday, the same year foreign troops complete their withdrawal from the country after 13 years of war."It will go on stream in 2014," Hamed Kakar, head of marketing for Dubai-based Alokozay, which has an exclusive bottling agreement with PepsiCo in Afghanistan, told Reuters.As the NATO-led war winds down, ... http://www.businesssun.com/index.php/sid/214634305/scat/45419e6f687dd329 Mon, 20 May 2013 10:45:57 -0400 http://www.businesssun.com/index.php/sid/214634305/scat/45419e6f687dd329 is closing in on a site for its new $500 million home in Cambridge, with a biomedical park just south of the English city the most likely site, property industry sources said.Moving research and global headquarters to Cambridge, with minimal disruption, is a key test for new Chief Executive Pascal Soriot as he tries to change the drugmaker's culture and puts ground-breaking science at the ... http://www.businesssun.com/index.php/sid/214635198/scat/45419e6f687dd329 Mon, 20 May 2013 10:45:46 -0400 http://www.businesssun.com/index.php/sid/214635198/scat/45419e6f687dd329 LISBON (AFP) - The latest draconian measures to shore up the Portuguese economy will make matters worse and the government should break the agreement with the IMF and European Union or obtain better terms, an opinion poll found on Monday.But most Portuguese people also hold that when a bailout programme with the so-called troika of the IMF, EU and European Central Bank ends in June 2014, the ... http://www.businesssun.com/index.php/sid/214634748/scat/45419e6f687dd329 Mon, 20 May 2013 10:45:41 -0400 http://www.businesssun.com/index.php/sid/214634748/scat/45419e6f687dd329 MEXICO CITY (Reuters) - Tracfone Wireless, the U.S. unit of Mexican billionaire Carlos Slim's phone company America Movil, has made a deal to acquire the assets of U.S. mobile virtual network operator Start Wireless Group, the company said on Monday.America Movil said in a statement that Start Wireless had around 1.4 million subscribers and offered pre-paid plans for voice, messaging and ... http://www.businesssun.com/index.php/sid/214634604/scat/45419e6f687dd329 Mon, 20 May 2013 10:45:38 -0400 http://www.businesssun.com/index.php/sid/214634604/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of ... http://www.businesssun.com/index.php/sid/214634223/scat/45419e6f687dd329 Mon, 20 May 2013 10:39:19 -0400 http://www.businesssun.com/index.php/sid/214634223/scat/45419e6f687dd329 NEW YORK (MarketWatch) -- U.S. stocks wavered on Monday after surging to record highs last week, with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor ... http://www.businesssun.com/index.php/sid/214634224/scat/45419e6f687dd329 Mon, 20 May 2013 10:39:18 -0400 http://www.businesssun.com/index.php/sid/214634224/scat/45419e6f687dd329 A lot of investors who love to buy at the bottom and sell at the top are kicking themselves these days--for missing the market peak in gold and the nadir in housing. They shouldn't. Before I explain why, let's look at a couple of charts. The key moment, the one when gold was peaking and house prices couldn't go down any further, may have come a year or more ago. It seemingly ... http://www.businesssun.com/index.php/sid/214635199/scat/45419e6f687dd329 Mon, 20 May 2013 10:35:54 -0400 http://www.businesssun.com/index.php/sid/214635199/scat/45419e6f687dd329 . The companies said in separate releases Monday that Plains will pay a special one-time dividend of $3.00 per share with Freeport's permission, followed by a one-time $1.00 dividend from the latter once the acquisition closes. Monday's move drew at least one ... http://www.businesssun.com/index.php/sid/214634656/scat/45419e6f687dd329 Mon, 20 May 2013 10:35:54 -0400 http://www.businesssun.com/index.php/sid/214634656/scat/45419e6f687dd329 Most companies take their best asset and wring it for every drop of sales possible. Some take it too far, in fact, and end up diluting the very brand that built their empire. The venerable Hershey Company, maker of its eponymous chocolate and other keystone treats, has been doing the opposite, however. It's been shielding from the world its best asset, a mightily delicious, addicting candy ... http://www.businesssun.com/index.php/sid/214634251/scat/45419e6f687dd329 Mon, 20 May 2013 10:35:53 -0400 http://www.businesssun.com/index.php/sid/214634251/scat/45419e6f687dd329 executive will take the top job, beginning a new chapter for the second largest U.S. natural gas producer. Robert Douglas Lawler, relatively youth at 46 but with more than two decades experience, arrives at Chesapeake as the company tries to right itself. Chesapeake wants its cash flow to catch up with its aggressive spending. To do that, it is selling assets. It did $11 billion in deals last ... http://www.businesssun.com/index.php/sid/214635165/scat/45419e6f687dd329 Mon, 20 May 2013 10:35:53 -0400 http://www.businesssun.com/index.php/sid/214635165/scat/45419e6f687dd329 Bernanke's testimony on economic outlook "will be the highlight in a week where we may learn more about the Fed's intentions with regards to potential [quantitative easing] tapering," said Deutsche Bank analyst Jim Reid. Also on merger ... http://www.businesssun.com/index.php/sid/214634237/scat/45419e6f687dd329 Mon, 20 May 2013 10:27:39 -0400 http://www.businesssun.com/index.php/sid/214634237/scat/45419e6f687dd329 This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. (Marcio Jose Sanchez/The Associated ... http://www.businesssun.com/index.php/sid/214633952/scat/45419e6f687dd329 Mon, 20 May 2013 09:41:21 -0400 http://www.businesssun.com/index.php/sid/214633952/scat/45419e6f687dd329 NEW YORK | Mon May 20, 2013 9:33am EDT NEW YORK May 20 (Reuters) - Wall Street opened weaker on Monday as investors searched for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday. The Dow Jones industrial average slipped 14.90 points, or 0.10 percent, to 15,339.50. The Standard and Poor's 500 Index was off 1.84 points, or 0.11 percent, to ... http://www.businesssun.com/index.php/sid/214634241/scat/45419e6f687dd329 Mon, 20 May 2013 09:33:57 -0400 http://www.businesssun.com/index.php/sid/214634241/scat/45419e6f687dd329 - Comex June gold futures fell overnight, as selling in the Asian and European markets weakened the yellow metal. The U.S. dollar index is weaker ahead of the New York open, but, recent dollar strength has been a negative factor for the gold market. Gold and many other commodities are denominated and sold in U.S. dollars on global markets and strength in the dollar makes the commodities more ... http://www.businesssun.com/index.php/sid/214633975/scat/45419e6f687dd329 Mon, 20 May 2013 09:32:55 -0400 http://www.businesssun.com/index.php/sid/214633975/scat/45419e6f687dd329 Tumblr CEO, founder and centimillionaire David Karp. / Flickr via CrunchBase Investors this morning gave a low-key response to Yahoo's $1.1 billion bid ... http://www.businesssun.com/index.php/sid/214633954/scat/45419e6f687dd329 Mon, 20 May 2013 09:32:55 -0400 http://www.businesssun.com/index.php/sid/214633954/scat/45419e6f687dd329 announced an all-stock deal for Dublin's Warner Chilcott valued at about $5 billion (before the assumption of $3.5 billion in debt that brings the total valuation to $8.5 billion). The companies said the combination will create the third-largest specialty pharma company in the U.S. Actavis, which touted the expansion of its portfolio in women's health and urology as well as an entree ... http://www.businesssun.com/index.php/sid/214633211/scat/45419e6f687dd329 Mon, 20 May 2013 09:32:55 -0400 http://www.businesssun.com/index.php/sid/214633211/scat/45419e6f687dd329 raises concerns among some Tumblr fans that the site could end up being cluttered by the ads that brings in billions of dollars a year to Yahoo. Tumblr CEO David Karp has resisted the use of traditional display advertising on Tumblr to this ... http://www.businesssun.com/index.php/sid/214633130/scat/45419e6f687dd329 Mon, 20 May 2013 09:24:29 -0400 http://www.businesssun.com/index.php/sid/214633130/scat/45419e6f687dd329 Mon May 20, 2013 9:17am EDT * Yahoo's board approves $1.1 bln Tumblr acquisition * Freeport sweetens Plains Exploration deal * Actavis to acquire Warner Chilcott in stock-for-stock deal * Futures off: Dow 20 pts, S&P 2 pt, Nasdaq 4.75 pts By Rodrigo Campos NEW YORK, May 20 (Reuters) - U.S. stocks were set to dip at the open on Monday as investors search for catalysts after major U.S. equity ... http://www.businesssun.com/index.php/sid/214634240/scat/45419e6f687dd329 Mon, 20 May 2013 09:17:04 -0400 http://www.businesssun.com/index.php/sid/214634240/scat/45419e6f687dd329 Dimon's day of reckoning but shareholders are hoping to also get a chance to grill the board . "The board needs to show us that they are more than just a rubber stamp on what Jamie Dimon wants," said Michael Mayo, a bank analyst at CLSA. "Shareholders have one chance each year to ask them questions." Critics say that the board failed to properly monitor risk-taking ... http://www.businesssun.com/index.php/sid/214631956/scat/45419e6f687dd329 Mon, 20 May 2013 08:25:43 -0400 http://www.businesssun.com/index.php/sid/214631956/scat/45419e6f687dd329 Danone has struck two deals with the China Mengniu Dairy Company in a bid to take advantage of surging demand for internationally-branded milk and ... http://www.businesssun.com/index.php/sid/214631955/scat/45419e6f687dd329 Mon, 20 May 2013 08:25:43 -0400 http://www.businesssun.com/index.php/sid/214631955/scat/45419e6f687dd329 Mon May 20, 2013 7:49am EDT May 20 (Reuters) - Generic drugmaker Actavis Inc, which has been the subject of intense takeover speculation, said on Monday that it had struck a deal to buy specialty pharmaceuticals company Warner Chilcott Plc for $8.5 billion in stock. The move comes as Actavis has spurned approaches from Canadian pharmaceutical company Valeant Pharmaceuticals International Inc and ... http://www.businesssun.com/index.php/sid/214632047/scat/45419e6f687dd329 Mon, 20 May 2013 07:49:49 -0400 http://www.businesssun.com/index.php/sid/214632047/scat/45419e6f687dd329 Reuters © Liu Tienan, then head of the National Energy Administration and deputy chairman of China's National Development and Reform Commission (NDRC), attends a news conference about Spring Festival transport in Beijing in this January 8, 2012 file photograph. The latest bureaucrat to fall from grace thanks to the Internet was Liu Tienan, sacked from his job last week as deputy chief ... http://www.businesssun.com/index.php/sid/214631136/scat/45419e6f687dd329 Mon, 20 May 2013 07:43:42 -0400 http://www.businesssun.com/index.php/sid/214631136/scat/45419e6f687dd329 (Reuters) - Dell Inc sent a letter to suitors Carl Icahn and Southeastern Asset Management saying the company could not provide more information about itself unless the board determined that their proposal was "superior" to Michael Dell's.Icahn and Southeastern Asset Management have challenged Michael Dell's $24.4 billion bid to take Dell private with an offer of $21 billion ... http://www.businesssun.com/index.php/sid/214631650/scat/45419e6f687dd329 Mon, 20 May 2013 07:43:40 -0400 http://www.businesssun.com/index.php/sid/214631650/scat/45419e6f687dd329 DUBLIN (AFP) - Irish no-frills airline Ryanair raised net profit slightly in its last financial year but said on Monday that traffic was set to rise this year.Ryanair, based in Dublin, said that group profit after tax edged up 1.5 percent to 569.3 million euros ($731.2 million) in the 12 months to the end of March compared with net profit of 560.4 million euros in 2011-12.Ryanair expects the ... http://www.businesssun.com/index.php/sid/214631651/scat/45419e6f687dd329 Mon, 20 May 2013 07:43:32 -0400 http://www.businesssun.com/index.php/sid/214631651/scat/45419e6f687dd329 FORTUNE – When the nation's financial system almost crashed back in 2008, it's easy to see why anyone approaching retirement would have panicked. They saw their life-long savings plummet as home and stock prices spiraled. For 60-somethings, it seemed there wouldn't be enough time to make up all their losses. As it turns out, today's retirees have it better than ... http://www.businesssun.com/index.php/sid/214631652/scat/45419e6f687dd329 Mon, 20 May 2013 07:26:37 -0400 http://www.businesssun.com/index.php/sid/214631652/scat/45419e6f687dd329 If you drive down I-15 past State Highway 160 in Beaver, Utah, you'll see a 30-foot-tall silo with white letters that spell out "Blu." Next to it is a truck stop. It is no ordinary truck stop. The silo contains liquefied natural gas (LNG) chilled to -200 F and ready to fuel specially outfitted 18-wheelers. The facility is owned by Blu Transfuels, a partnership between ENN, one of ... http://www.businesssun.com/index.php/sid/214631653/scat/45419e6f687dd329 Mon, 20 May 2013 07:26:36 -0400 http://www.businesssun.com/index.php/sid/214631653/scat/45419e6f687dd329 It is fitting that John Kapon -- a former hip-hop producer now tasked with securing old, rare, and very expensive wines -- loves aged things. His wallet, for example, has seen him through two decades; his briefcase (burgundy-colored, of course) has "as many scratches as I have miles." That's quite a few: As CEO of Acker Merrall & Condit, his family's nearly 200-year-old ... http://www.businesssun.com/index.php/sid/214631654/scat/45419e6f687dd329 Mon, 20 May 2013 07:26:36 -0400 http://www.businesssun.com/index.php/sid/214631654/scat/45419e6f687dd329 BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new ... http://www.businesssun.com/index.php/sid/214630855/scat/45419e6f687dd329 Mon, 20 May 2013 07:21:14 -0400 http://www.businesssun.com/index.php/sid/214630855/scat/45419e6f687dd329 The sale by Goldman would be the final chapter in the Wall Street bank's investment into China's ICBC. Prior to its 2006 IPO, ICBC was a technically insolvent state institution, reeling from the bad loans that saddled China's financial ... http://www.businesssun.com/index.php/sid/214631682/scat/45419e6f687dd329 Mon, 20 May 2013 07:06:51 -0400 http://www.businesssun.com/index.php/sid/214631682/scat/45419e6f687dd329 STOCKHOLM (AFP) - Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on Monday."When that part of the world is growing, which it is, it becomes even more interesting to look at production in South America or Central America. So, we are exploring that opportunity ... http://www.businesssun.com/index.php/sid/214629785/scat/45419e6f687dd329 Mon, 20 May 2013 06:46:38 -0400 http://www.businesssun.com/index.php/sid/214629785/scat/45419e6f687dd329 MADRID (MarketWatch) -- U.S. stock market futures pointed to a flat open on Monday, with investors seen taking a breath after a blockbuster prior week. There's no data on the calendar, though Chicago Federal Reserve President Charles Evans is due to ... http://www.businesssun.com/index.php/sid/214629240/scat/45419e6f687dd329 Mon, 20 May 2013 06:40:47 -0400 http://www.businesssun.com/index.php/sid/214629240/scat/45419e6f687dd329 "Google Trends Stock Market Calls: Batting 1000, But It's Still Early In the Season ", closed with the latest prediction that the market, measured by the DJIA would be up again this week, based on the largest recent drop in Trends searches for ... http://www.businesssun.com/index.php/sid/214630395/scat/45419e6f687dd329 Mon, 20 May 2013 06:38:00 -0400 http://www.businesssun.com/index.php/sid/214630395/scat/45419e6f687dd329 From a restaurant owner who hid cash receipts in "seasoned octopus" boxes to a self-proclaimed governor of Alabama who buried gold coins in his yard, here are some of the wildest tax fraud investigations the IRS has undertaken in the past ... http://www.businesssun.com/index.php/sid/214630526/scat/45419e6f687dd329 Mon, 20 May 2013 06:30:15 -0400 http://www.businesssun.com/index.php/sid/214630526/scat/45419e6f687dd329 Small business owners say they're not yet feeling the effects of an improving economy, and most aren't rushing to hire, or seeking funds to invest in their ... http://www.businesssun.com/index.php/sid/214629252/scat/45419e6f687dd329 Mon, 20 May 2013 06:30:14 -0400 http://www.businesssun.com/index.php/sid/214629252/scat/45419e6f687dd329 In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the ... http://www.businesssun.com/index.php/sid/214629279/scat/45419e6f687dd329 Mon, 20 May 2013 06:30:04 -0400 http://www.businesssun.com/index.php/sid/214629279/scat/45419e6f687dd329 The financial crisis has changed the attitudes and practices of European institutional investors with a notable shift away from equities and towards fixed income and cash, according to a survey supported by Invesco. The 2009 European Institutional Asset Management ... http://www.businesssun.com/index.php/sid/214629863/scat/45419e6f687dd329 Mon, 20 May 2013 06:11:05 -0400 http://www.businesssun.com/index.php/sid/214629863/scat/45419e6f687dd329 U.S. investors were unwilling to make big bets early Monday after four weeks of stock market gains, but Yahoo could stir things up later with news of a deal to buy blogging site ... http://www.businesssun.com/index.php/sid/214628433/scat/45419e6f687dd329 Mon, 20 May 2013 05:34:32 -0400 http://www.businesssun.com/index.php/sid/214628433/scat/45419e6f687dd329 Tesla Motors doesn't want to sell its cars the way every other car company does, and that's making a lot of traditional automobile dealers mad. And those dealers are fighting ... http://www.businesssun.com/index.php/sid/214628434/scat/45419e6f687dd329 Mon, 20 May 2013 05:34:32 -0400 http://www.businesssun.com/index.php/sid/214628434/scat/45419e6f687dd329 Chinese Premier will echo that theme. But New Delhi needs to look beyond the rhetoric and make hardheaded assessments about its relations with ... http://www.businesssun.com/index.php/sid/214628455/scat/45419e6f687dd329 Mon, 20 May 2013 05:24:54 -0400 http://www.businesssun.com/index.php/sid/214628455/scat/45419e6f687dd329