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B Media Network Business News Editor' Roundup News Blog List

Sunday, March 31, 2013

Traditional Photographers Should Be Horrified By The Cover Of Today's New York Times

The photos came out great, but what's surprising is that Laham took the photos with his iPhone , and "edited" them solely through Instagram .

http://www.sfgate.com/technology/businessinsider/article/Traditional-Photographers-Should-Be-Horrified-By-4398305.php

Thomas Heath

Frank Sherman runs his sprawling, Sandy Spring-based special-events bus business - with its 1,250 coaches and shuttles - with military precision.

http://www.washingtonpost.com/business/economy/value-added-his-bus-business-moves-big-crowds-for-big-profits/2013/03/31/54609b00-989c-11e2-814b-063623d80a60_story.html

UK financial regulation overhauled

From 1 April, the Prudential Regulation Authority will ensure the stability of financial services firms and be part of the Bank of England.

http://www.bbc.co.uk/news/business-21987829#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

Michael Dell Said to Consider Blackstone LBO With CEO Guarantee

Dell Inc. founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.

http://washpost.bloomberg.com/Story?docId=1376-MKI0H26S972901-7TBH9UM6JRL5MFTD2K14TC2DB2

YouTube's April Fool's Joke: Site Will Close, Relaunch in 2023

In a video uploaded on the site on Sunday, the company teases the fake news that it will be shutting down at midnight so that its tech team can comb through every clip to pick the best video in the world.

http://www.hollywoodreporter.com/news/youtubes-april-fools-joke-site-431940

Schlumberger CEO says Venezuela debt collections improving

Oil services giant Schlumberger Ltd has improved its ability to collect the money it is owed by Venezuela's state oil company PDVSA and will now be able to recognize all revenue associated with its first-quarter operations in the country, Schlumberger's CEO said on Sunday.

http://www.foxbusiness.com/news/2013/03/31/schlumberger-ceo-says-venezuela-debt-collections-improving/

Chile says copper shipments uninterrupted by strike

Codelco, the world's No. 1 copper producer, is losing a "substantial" amount of output due to a two-day-old strike at its Radomiro Tomic open pit mine in northern Chile, the company said on Sunday, adding that orders were still going out to customers.

http://www.foxbusiness.com/news/2013/03/31/chile-says-copper-shipments-uninterrupted-by-strike/

Amazon Purchase of Goodreads Book-Review Site Irks Authors Group

Amazon.com Inc. is gaining too much control in the publishing industry with its purchase of Goodreads Inc., a social network for readers and a competitor in online book reviews, an authors' group says.

http://washpost.bloomberg.com/Story?docId=1376-MKHPKY1A1I4H01-04EGM382AA9M5005O9FN23BFIN

Fracking Debut Nears in Boost to Reliance, ONGC: Corporate India

India will allow explorers including Oil & Natural Gas Corp. and Reliance Industries Ltd.

http://washpost.bloomberg.com/Story?docId=1376-MK7DAU1A74E901-596HQ5BO7KF2NBP6RH8SD49J2Q

Congress debates the future of job-training programs

IMPROVING JOB training and workforce development are on everyone's to-do list for the U.S. economy.

http://www.washingtonpost.com/opinions/congress-debates-the-future-of-job-training-programs/2013/03/31/b89583bc-989a-11e2-97cd-3d8c1afe4f0f_story.html

8 NE Ind. counties form 911 consortium for backup

Authorities in northeastern Indiana are forming a consortium that would allow one county to take over for another if a disaster wiped out that county's 911 communication system and could lead to officials one day consider a regional dispatch center.

http://www.greenfieldreporter.com/view/story/6cefe7faf11d420dbac328ab7f912e8f/IN--911-Consortium

Eight NE Ind. counties form 911 consortium for backup

Authorities in northeastern Indiana are forming a consortium that would allow one county to take over for another if a disaster wiped out that county's 911 communication system and could lead to officials one day consider a regional dispatch center.

http://www.thestarpress.com/viewart/20130331/NEWS06/303310044/911

Stockman Warns of Crash From - Unsustainable Bubble' Fueled by Fed Policy

The U.S. economy, fueled by "phony money" from the Federal Reserve's quantitative easing policies, is headed for an inevitable crash, likely "within a few years," warned David Stockman, who was budget director for President Ronald Reagan.

http://www.bloomberg.com/news/2013-03-31/stockman-warns-of-crash-of-fed-fueled-bubble-economy.html

1 killed, 3 hurt when heavy equipment falls on workers at Arkansas nuclear plant

One worker died and three others were injured Sunday morning when a heavy piece of equipment fell on them at an Arkansas nuclear plant, officials said.

http://www.washingtonpost.com/business/1-killed-3-hurt-when-equipment-falls-on-workers-at-arkansas-nuclear-plant/2013/03/31/cdb67174-9a2b-11e2-9219-51eb8387e8f1_story.html?tid=pm_business_pop

8 northeastern Indiana counties form 911 consortium for backup

FORT WAYNE, Ind. - Authorities in northeastern Indiana are forming a consortium that would allow one county to take over for another if a disaster wiped out that county's 911 communication system and could lead to officials one day consider a regional dispatch center.

http://www.indystar.com/viewart/20130331/NEWS/303310033/8-northeastern-Indiana-counties-form-911-consortium-backup

The Down-Low on Beverly Hills Department Stores

The MVPs of VIPs toil at this troika of consumption along Wilshire, where a star can dictate no one else buy her dress and Middle Eastern royalty can spend half a mil in mere moments.

http://www.hollywoodreporter.com/gallery/beverly-hills-department-stores-down-431412

The GOP is just fine

Poli-Sci Perspective is a weekly Wonkblog feature in which Georgetown University's Dan Hopkins and George Washington University's Danny Hayes and John Sides offer an empirical perspective on the issues dominating Washington.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/31/no-the-2012-election-didnt-prove-the-republican-party-needs-a-reboot/?tid=pm_business_pop

Exxon has yet to excavate area of ruptured Arkansas oil pipeline

Exxon Mobil Corp said on Sunday that crews at the scene of its crude oil pipeline spill in Arkansas had yet to excavate the area of the breach to determine the cause.

http://www.foxbusiness.com/news/2013/03/31/exxon-has-yet-to-excavate-area-ruptured-arkansas-oil-pipeline/

David Stockman Screeches

David Stockman, Reagan's first director of the Office of Management and Budget, has a strange op/ed in today's New York Times and "Angus" does a nice take-apart . I don't agree with all of his criticisms, but I do agree with most.

http://econlog.econlib.org/archives/2013/03/david_stockman.html

Tiger Woods: 'Winning Takes Care Of Everything'

'Winning Takes Care Of Everything' was the tagline placed on an image of Tiger the day after he won the Arnold Palmer Invitational and regained the #1 world golf ranking.

http://www.forbes.com/sites/davidwismer/2013/03/31/tiger-woods-winning-takes-care-of-everything-and-other-quotes-of-the-week/

New York Auto Show: Brace For More Nissan, Infiniti Ads, As Nissan Chases Honda

Carlos Ghosn, the famously outspoken CEO of Nissan Motor Co., set a tough target for his U.S. team during an appearance at the New York International Auto Show last week.

http://www.forbes.com/sites/jimhenry/2013/03/31/new-york-auto-show-brace-for-more-nissan-infiniti-ads-as-nissan-chases-honda/

Another bubble? Investors question stocks records

Things are looking up. Traders work on the floor of the New York Stock Exchange on March 28, 2013 when the S&P 500 finished at an all time high.

http://www.nbcnews.com/business/economywatch/stock-market-bull-feeding-corporate-profits-1C9133954

Obama's Energy Pick Moniz Discloses Extent of Ties to Industry

Ernest Moniz, President Barack Obama's nominee for energy secretary, performed consulting work last year for General Electric Co., BP Plc, and Riverstone Equity Partners LP, according to his financial disclosure forms.

http://washpost.bloomberg.com/Story?docId=1376-MKJ7O96JTSEA01-1JTOBD2MEI16BNV65RQG195OM2

Volcano Power Tapped by Marubeni as Nuclear Alternative: Energy

Marubeni Corp., the biggest investor in electricity generation among Japan's trading houses, is working on how to revive the geothermal industry and tap heat that powers volcanos as an alternative to nuclear reactors.

http://washpost.bloomberg.com/Story?docId=1376-MJN9K56TTDV301-3B57KTPSNSIBS48MGC4E8PKJ3V

Caribbean nations search for oil amid spill fears

From the Bahamas and Cuba down to Aruba and Suriname, international oil companies are lining up to locate potentially rich offshore deposits in the Caribbean.

http://www.myrtlebeachonline.com/2013/03/31/3411929/caribbean-nations-search-for-oil.html

The Cover Of Today's New York Times Represents Another Disaster For Traditional Photographers

The photos came out great, but what's surprising is that Laham took the photos with his iPhone , and "edited" them solely through Instagram .

http://www.sfgate.com/technology/businessinsider/article/The-Cover-Of-Today-s-New-York-Times-Represents-4398305.php

Birch syrup explored as add-on to maple industry

In this Wednesday, March 28, 2013 photo, David Moore of the Crooked Chimney sugarhouse poses in front of one of his tapped white birch trees, in Lee, N.H. Moore, New Hampshire's only known commercial birch syrup producer, got his start in 2008, when he was a student at the University of New Hampshire.

http://www.sfgate.com/news/article/Birch-syrup-explored-as-add-on-to-maple-industry-4398199.php

Caribbean nations search for oil amid spill fears

In this Sept. 5, 2005 file photo, the refinery of the state-owned Petroleum Company of Trinidad and Tobago Ltd., PETROTRIN, is shown in Pointe-a-Pierre, on the Gulf of Paria, Trinidad & Tobago.

http://www.sfgate.com/business/energy/article/Caribbean-nations-search-for-oil-amid-spill-fears-4398275.php

The 'Walking Dead' Cast Bids Glen Mazzara Farewell

"He's done a fantastic job and the testament is on the screen," star David Morrissey says of the man who hired him to play the Governor.

http://www.hollywoodreporter.com/live-feed/walking-dead-glen-mazzara-farewell-430517

A lesson on 529 vs. prepaid plans

Q: I'm interested in setting up a college plan for my grandson in California. Is a state prepaid plan or the 529 plan the better way to go? - J.M. Winter Springs A: The benefit to the state prepaid plans is that the investment risk of funding your grandson's college education is borne by the state.

http://www.orlandosentinel.com/business/os-cfb-ask-an-expert-0401-20130331,0,933497.column?track=rss

04/01 Insider Trading

Insider Trading is a weekly report of stock transactions involving officers, directors and owners of 10 percent or more of a publicly held company.

http://www.orlandosentinel.com/business/os-cfb-insider-trading-04012013-20130331,0,1318534.story?track=rss

Exclusive Excerpt of "The Alchemists"

Wonkblog economics editor Neil Irwin has a book coming out this week. "The Alchemists: Three Central Bankers and a World on Fire" tells the story of how central bankers came to exert vast influence over the global economy, and how they wielded that power from 2007 to 2012, through the financial crisis and its aftermath.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/31/buzzing-blackberrys-billion-dollar-bailouts-and-behind-the-scenes-in-basel-how-global-central-bankers-battled-the-crisis/

David Stockman wants to pee in your cornflakes

Wow. David Stockman comes confuses cause and effect, goes all gold-buggy, slanders Milton Friedman, and just generally comes unhinged in a massive hissy fit in today's NYT .

http://mungowitzend.blogspot.com/2013/03/david-stockman-wants-to-pee-in-your.html

Is It Time to Get Rid of the Land Line?

As more telephone customers cut the cord and shift service to wireless or Internet-based options, some major telephone companies have asked the federal government to pull the plug on the old-fashioned service.

http://www.13wmaz.com/rss/article/225935/28/Is-It-Time-to-Get-Rid-of-the-Land-Line?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wmaz%2Fnational+%2813WMAZ.com+National+and+World+News%29

What Women Don't Need - More Good Advice

If post-Colonial Britain became a nation of shopkeepers, post-recession America has become a nation of consultants.

http://www.forbes.com/sites/shenegotiates/2013/03/31/what-women-dont-need-more-good-advice/

From LeVar Burton To You, Here's Who Won The Google Glass Contest

Last week, Google sent its invites out to folks who told it what they'd do with Google Glass, the computer-powered eyewear it will start to produce as early as next year.

http://www.forbes.com/sites/roberthof/2013/03/31/from-levar-burton-to-you-heres-who-won-the-google-glass-contest/

This Guy Wrote A Computer Program To Do His Job For Him

Wouldn't it be cool to stop working and still get paid? It turns out that it's not only possible, but it's been done.

http://www.sfgate.com/technology/businessinsider/article/This-Guy-Wrote-A-Computer-Program-To-Do-His-Job-4398131.php

Are stock prices real or Fed fabricated?

Should investors thank the economy or the Federal Reserve for driving the Standard & Poor's 500 index stock to a new high last week? "This massive quantitative easing is clearly driving up stock prices," Englund says, adding that most economists, who rarely agree on anything, share this opinion.

http://blog.sfgate.com/pender/2013/03/31/are-stock-prices-real-or-fed-fabricated/

sean_sullivan

Sen. Jeff Flake said Sunday he believes it's "inevitable" that there will someday be a GOP presidential candidate who supports same-sex marriage, and that he could back such a candidate, even as he opposes gay marriage.

http://www.washingtonpost.com/blogs/post-politics/wp/2013/03/31/flake-inevitable-that-a-gop-presidential-candidate-will-support-gay-marriage/

Jim Cramer's Best Blogs

Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas.

http://www.thestreet.com/story/11883660/1/jim-cramers-best-blogs.html?kval=dontmiss

Salmon: Argentina's Desperate Proposal

Argentina has done as the Second Circuit Court of Appeals ordered , and has now formally put forward its proposal for paying off Elliott Associates and the other bondholders suing it in New York court.

http://www.thestreet.com/story/11883654/1/salmon-argentinas-desperate-exchange-proposal.html?kval=dontmiss

Notte: The Gen X Marketing Machine

Universal unit will release the 3-D version of 1993's Jurassic Park and drive home a truth that should have been fairly evident to members of Generation X by now: You are the new baby boomers.

http://www.thestreet.com/story/11883629/1/generation-x-its-your-turn-to-live-in-the-past.html?kval=dontmiss

Gordon: Are Bond ETFs Making Comeback?

I came across an interesting fact on the news wires recently. The S&P 500 has corrected at least 5% at least one time in the first five months of every year since 1996.

http://www.thestreet.com/story/11883319/1/are-bond-etfs-making-a-comeback.html?kval=dontmiss

Israel Starts Producing Tamar Gas as Step to Energy Independence

Israel started gas production at the Tamar offshore field in an effort to put the country on the road to energy independence and save a projected 1 billion shekels a month, according to the government.

http://mobile.bloomberg.com/news/2013-03-30/israel-begins-gas-production-at-tamar-field-in-boost-to-economy.html?cmpid=wsdemand

Beijing Curbs Second Home Buying as China Cools Property Market

China 's capital, Beijing, banned single-person households from buying more than one residence and increased the minimum down-payment for all buyers of second homes as the government seeks to cool the property market.

http://mobile.bloomberg.com/news/2013-03-30/beijing-bans-single-person-households-from-buying-second-homes.html?cmpid=wsdemand

Napolitano Names Advisers in Renewed Push for Italian Deal

Italian President Giorgio Napolitano renewed his push to forge a government from the country's divided parliament by drafting advisers from two of the top three political forces.

http://mobile.bloomberg.com/news/2013-03-30/napolitano-names-advisers-in-renewed-push-for-italian-coalition.html?cmpid=wsdemand

Cyprus Church leader promises help amid crisis

The leader of Cyprus' Orthodox Christian church vowed to do all he can so that ordinary people "won't go hungry" amid the country's worst financial crisis in decades.

http://www.modbee.com/2013/03/31/2647362/cyprus-church-leader-promises.html

Carla Bruni-Sarkozy's New Album Causes Controversy With Song About Mick Jagger

France's former first lady sings about her husband, Nicolas, and a day spent at the Rolling Stones frontman's place.

http://www.hollywoodreporter.com/news/carla-bruni-sarkozys-new-album-431931

Cyprus Church leader vows to help people 'not go hungry,' help with job creation amid crisis

The leader of Cyprus' Orthodox Christian church vowed to do all he can so that ordinary people "won't go hungry" amid the country's worst financial crisis in decades.

http://www.washingtonpost.com/business/cyprus-church-leader-vows-to-help-people-not-go-hungry-help-with-job-creation-amid-crisis/2013/03/31/13ae96ba-9a0f-11e2-9219-51eb8387e8f1_story.html

Drones May Soon Deliver Your Newspaper In The French Province Of Auvergne

In collaboration with drone-maker Parrot, local postal service La Poste Group will deliver mail via quadricopter drones as early as May of this year, the group recently announced on its blog .

http://www.sfgate.com/technology/businessinsider/article/Drones-May-Soon-Deliver-Your-Newspaper-In-The-4398068.php

Saturday, March 30, 2013

Bank of Cyprus' Big Savers to Lose up to 60%

Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60%, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.

http://www.thestreet.com/story/11883659/1/bank-of-cyprus-big-savers-to-lose-up-to-60-percent.html

Taylor Swift cares

But one thing is certain -- the sender's name is Taylor Swift and that's good enough for #bravenadine, as she is now known on Twitter.

http://www.mercurynews.com/news/ci_22903568?

Argentina Seeks to Reassure Creditors as Court Weighs Payment Offer

Argentina's government pledged Saturday to keep paying its debts after it submitted a proposal to settle with litigating creditors that some analysts say is unlikely to convince the judges who will rule in the case.

http://www.foxbusiness.com/news/2013/03/30/argentina-seeks-to-reassure-creditors-as-court-weighs-payment-offer/

Shockley's former lab has no shortage of would-be saviors

Now that the end times are here for the building that rightfully claims to be the birthplace of Silicon Valley, there is no shortage of ideas about how to commemorate the spot where the valley's pioneers first put silicon to work in an effort to build the world's first practical semiconductor.

http://www.mercurynews.com/www.mercurynews.com/business/ci_22900004

On Par: McIlroy Battles Mental Mistakes

Using an aggressive stroke, he put the ball a few feet past the cup. Without re-marking his ball, he stepped up and missed the par putt.

http://onpar.blogs.nytimes.com/2013/03/30/mcilroy-battles-mental-mistakes/?partner=rss&emc=rss

katie_carrera

The Capitals activated defenseman Tomas Kundratek from injured reserve Saturday afternoon, which could indicate he's ready to return to lineup after suffering a sprained right MCL at Carolina on March 14.

http://www.washingtonpost.com/blogs/capitals-insider/wp/2013/03/30/open-thread-capitals-at-sabres/

Machinima Becomes First YouTube Network to Air Traditional TV Ad

The company has purchased commercial time on AMC's "The Talking Dead" on Easter Sunday to promote a "Mortal Kombat" online series.

http://www.hollywoodreporter.com/news/machinima-becomes-first-youtube-network-431910

Self-driving cars will

Self-driving cars are all the rage these days. Companies like Google are building vehicles that can drive themselves with sensors and algorithms.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/30/will-self-driving-cars-solve-all-our-energy-problems-or-create-new-ones/?tid=pm_business_pop

TechBit: Home Inventory

Quick: Where's your passport? Your birth certificate? Your college diploma? With help from this app, the answers could be at the tip of your fingers.

http://www.washingtonpost.com/business/techbit-home-inventory/2013/03/28/ecffb6fc-94f0-11e2-b6f0-a5150a247b6a_story.html

TechBit: Capture Audio

As useful as recording a lecture or conversation may be, keeping voice recordings can turn into a serious pain.

http://www.washingtonpost.com/business/techbit-capture-audio/2013/03/28/0ab6f20a-94f1-11e2-b6f0-a5150a247b6a_story.html

Israel Starts Producing Tamar Gas as Step to Energy Independence

Israel started gas production at the Tamar offshore field in an effort to put the country on the road to energy independence while saving a projected 1 billion shekels a month, according to the government.

http://washpost.bloomberg.com/Story?docId=1376-MKHB686JTSEA01-0IAVUER8MKK2MQ1BR1D9GFIVFF

New York Auto Show: Led By VW, German Brands Dream Diesel Dreams In America

The German car companies - Volkswagen and Audi , BMW , Mercedes-Benz and even Porsche - dream dreams that diesel will catch on in America like it has in Europe.

http://www.forbes.com/sites/jimhenry/2013/03/30/new-york-auto-show-led-by-vw-german-brands-dream-diesel-dreams-in-america/

Following The Smart Money In Asia

Follow the money. It's a old saying in investing that's never made a lot of sense as it often means following the latest fad and ultimately buying high and selling low.

http://www.forbes.com/sites/jamesgruber/2013/03/30/follow-the-smart-money-in-asia/

VIDEO: Gulf wealth funding state education

Youth unemployment was a major factor in the Arab uprisings, and many young people say they are not being taught the skills they need in later life.

http://www.bbc.co.uk/news/business-21983193#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

Source: Business, labor get deal on worker program

Big business and labor have resolved a dispute over a low-skilled worker program that threatened to hold up agreement on a sweeping immigration bill, according to a person familiar with the negotiations.

http://www.modbee.com/2013/03/30/2646415/source-business-labor-get-deal.html

Did art dealer hide treasure chest in mountains, with clues? 'I love mysteries,' he says

Forrest Fenn sits in his home in Santa Fe, N.M. on Friday, March 22, 2013. For more than a decade, the 82-year-old claims he has packed and repacked a treasure chest, sprinkling in gold dust and adding hundreds of rare gold coins, gold nuggets and other artifacts, and buried it in the mountains somewhere north of Santa Fe.

http://www.washingtonpost.com/business/did-art-dealer-hide-treasure-chest-in-mountains-with-clues-i-love-mysteries-he-says/2013/03/30/8e8f2ebc-9960-11e2-b5b4-b63027b499de_story.html?tid=pm_business_pop

Notte: The Gen X Marketing Machine

Universal unit will release the 3-D version of 1993's Jurassic Park and drive home a truth that should have been fairly evident to members of Generation X by now: You are the new baby boomers.

http://www.thestreet.com/story/11883629/1/generation-x-its-your-turn-to-live-in-the-past.html?

Bank of Cyprus's Customers May Lose as Much as 60% on Deposits

Cyprus may imposes losses of as much as 60 percent on Bank of Cyprus Plc accounts exceeding 100,000 euros as part of an aid deal to stop the country from going bankrupt.

http://mobile.bloomberg.com/news/2013-03-30/bank-of-cyprus-s-customers-may-lose-as-much-as-60-on-deposits.html?

Israel Begins Gas Production at Tamar Field in Boost to Economy

Israel started gas production at the Tamar offshore field that may save the country about 1 billion shekels a month in annual energy costs, the Energy Ministry said.

http://washpost.bloomberg.com/Story?docId=1376-MKHB686JTSEA01-79A43L1H4AT4I5RHJUS6D0F7H1

Towards an anti-rentier politics

Throughout the late 19th century, the political economist Henry George argued that a main reason there was so much poverty amidst prosperity was the large presence of people collecting unearned income, or what he called "rents". His particular focus was on land, and his solution was taxes.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/30/ow-an-anti-rentier-agenda-might-bring-liberals-conservatives-together/?tid=pm_business_pop

End of the line for Roadrunner supercomputer

The $121 million supercomputer, housed at one of the nation's premiere nuclear weapons research laboratories in northern New Mexico, will be decommissioned Sunday.

http://www.myrtlebeachonline.com/2013/03/30/3410454/end-of-the-line-for-roadrunner.html

Algeria's southern unemployed demand oil jobs

Protests by the unemployed in southern Algeria are raising the specter of rising unrest in the country's sensitive oil regions, and are increasingly attracting the attention of al-Qaida. Algeria's vast, sparsely populated Sahara only holds 10 percent of the country's population but it is home to this North African country's enormous oil and gas ... (more)

http://www.modbee.com/2013/03/30/2646085/algerias-southern-unemployed-demand.html

End of the line for Roadrunner supercomputer

It's the end of the line for Roadrunner, a first-of-its-kind collection of processors that once reigned as the world's fastest supercomputer.

http://www.modbee.com/2013/03/30/2646324/end-of-the-line-for-roadrunner.html

Algeria's southern unemployed demand oil jobs

Those who live there claim they aren't benefiting from that wealth, and can't get jobs with the oil companies.

http://www.myrtlebeachonline.com/2013/03/30/3410087/algerias-southern-unemployed-demand.html

Wyo. power plant stalls 17 years, faces skepticism

In Wyoming, folks call it the "No Elk" plant, an $800 million project that - once finished - was meant to supply coal-fired power to 100,000 homes and support dozens of full-time jobs on the rolling prairie of northeast Wyoming.

http://www.sfgate.com/business/energy/article/Wyo-power-plant-stalls-17-years-faces-skepticism-4396988.php

Straight Sets: Breaking It Down: Ferrer vs. Haas

David Ferrer of Spain returns the ball to Tommy Haas, of Germany, during a semifinal at the Sony Open on Friday.

http://straightsets.blogs.nytimes.com/2013/03/30/breaking-it-down-ferrer-vs-haas/?partner=rss&emc=rss

The Breeze 94.5 KLIQ-FM Hastings, Grand Island, Kearney

As per Federal Communications Commission Regulations following is certified: Platte River Radio Inc.

http://www.kliqfm.com/index.php?outsideLocation=http://abcnewsradioonline.com/entertainment-news/legendary-music-producer-phil-ramone-dead-at-72.html

Monte Paschi says lost billions in deposits after February scandal

Customers' deposits at Italian bank Monte dei Paschi fell by "a few billion euros" after a scandal erupted in February over loss-making derivatives trades at the lender, the bank said in a document posted on its web site on Saturday.

http://www.foxbusiness.com/news/2013/03/30/monte-paschi-says-lost-billions-in-deposits-after-february-scandal/

Fight over leadership divides Occidental shareholders: report

Occidental Petroleum Corp chairman and former chief executive Ray Irani is pushing to replace the oil company's current CEO, Stephen Chazen, the Wall Street Journal reported on Saturday, citing "investors and people familiar with the company's operations." However, several big investors who support Chazen have considered the possibility of trying ... (more)

http://www.foxbusiness.com/news/2013/03/30/fight-over-leadership-divides-occidental-shareholders-report684383/

EU, IMF resisting merger of Greek banks NBG, Eurobank: paper

The paper said the European Union, European Central Bank and International Monetary Fund troika had raised issues over the size of the merged entity relative to Greece's gross domestic product and the banking sector as a whole.

http://www.foxbusiness.com/news/2013/03/30/eu-imf-resisting-merger-greek-banks-nbg-eurobank-paper/

Argentina Pledges to Keep Paying Debt as Holdout Ruling Looms

Argentina's government pledged on Saturday to keep paying its debts after it submitted to a U.S. court its proposal to pay litigating creditors that some analysts say is unlikely to convince the judges who will rule in the high-takes case.

http://www.foxbusiness.com/news/2013/03/30/argentina-pledges-to-keep-paying-debt-as-holdout-ruling-looms/

Foreign Box Office: 'G.I. Joe' Strong Overseas, Posts Early Total of $37.4 Million

Paramount's action sequel is now expected to post a global opening of $110 million or more through Easter weekend.

http://www.hollywoodreporter.com/news/foreign-box-office-gi-joe-431900

TV Ratings: 'Touch' Hits Low, 'Happy Endings' Makes Weak Friday Debut

ABC's displaced comedy falls short of its Tuesday showings, while broadcast TV sees more dips and March Madness tops on CBS.

http://www.hollywoodreporter.com/live-feed/tv-ratings-touch-hits-low-431903

Natural gas from new Israeli fields begins flowing

Israel's Energy Ministry says gas from the offshore Tamar field began flowing for the first time Saturday and would reach a processing facility on Israel's coast by Sunday afternoon.

http://www.sfgate.com/news/article/Natural-gas-from-new-Israeli-fields-begins-flowing-4396750.php

Napolitano Vows to Find Compromise Creating Italy Government

Italian President Giorgio Napolitano pledged to continue efforts to broker a parliamentary compromise aimed at giving the country a new government and denied he's thinking about resigning.

http://mobile.bloomberg.com/news/2013-03-30/napolitano-vows-to-gain-a-compromise-creating-italian-government.html?

FCC reviews cell phone, radiation standards

If you thought the debate over cell phones , radiation and cancer was over, you might be in for a surprise.

http://www.examiner.com/article/fcc-reviews-cell-phone-radiation-standards?cid=rss

Legendary Music Producer Phil Ramone Dies at 72

A former violin prodigy and expert engineer, he worked with Dylan, Sinatra, McCartney, Bennett, Charles, Streisand, Simon, Joel and Bacharach and more than 50 years in the business.

http://www.hollywoodreporter.com/news/music-producer-phil-ramone-ray-charles-frank-sinatra-425444

Argentina Offers to Pay Debt With Cash, Bonds

BUENOS AIRES, Argentina -- Argentina proposed a creative way out of its debt showdown Friday night, describing a mix of cash and bonds that it suggested would amount to a huge profit, but not a gargantuan one, for the investors it calls "vulture funds." The government's lawyers gave an appellate panel in New York a proposed payment plan that could ... (more)

http://www.thestreet.com/story/11883655/1/argentina-offers-to-pay-debt-with-cash-bonds.html

Jim Rogers

Eighteen months ago, Jim Rogers explained that "everybody is having a wonderful time running the printing presses." His answer? Protect yourself by owning real assets.

http://www.thestreet.com/story/11883277/1/jim-rogers-likes-japan-and-russia-over-us-etfs-should-you.html

Belgium agrees savings, asset sales to meet EU budget demands

Belgium agreed to make 1.4 billion euros of savings and to sell 1 billion euros of state-owned assets on Saturday, as it strives to meet EU budget targets and avoid being drawn into the euro zone's debt crisis.

http://www.foxbusiness.com/news/2013/03/30/belgium-agrees-savings-asset-sales-to-meet-eu-budget-demands/

Bank of Cyprus confirms big losses for major depositors

Big depositors in Cypriot lender Bank of Cyprus will get shares in the bank worth just 37.5 percent of their deposits over 100,000 euros, the country's central bank confirmed on Saturday.

http://www.foxbusiness.com/news/2013/03/30/bank-cyprus-confirms-big-losses-for-major-depositors/

Authorities: $600M Ponzi scheme incubated in small NC town; regulators ignored complaints

In this Feb. 28, 2013 photo, Sarah Chavez, center, sits with her son Bidal, right, and daughter Sarahi, front, at her home in Lexington, N.C. Desperate to raise money for their 6-year-old daughter's cancer treatments last summer, friends told Jose and Sarah Chavez of a way to quickly turn their meager savings into a small fortune.

http://www.washingtonpost.com/business/regulators-ignored-complaints-months-before-taking-action-against-600m-ponzi-scheme-in-nc/2013/03/30/6fd138bc-993d-11e2-b5b4-b63027b499de_story.html?tid=pm_business_pop

Which country will destroy the Euro from within?

Cyprus's president says that country's economic crisis is now contained, and it won't need to leave the euro.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/30/cyprus-luxembourg-italy-or-malta-which-country-will-unravel-the-euro-zone/?tid=pm_business_pop

Slap Shot: Islanders Give Visnovsky Contract Extension

The 36-year-old Visnovsky, who has stabilized the team's young defense and helped its power play, was acquired by the Islanders last June in a trade with Anaheim.

http://slapshot.blogs.nytimes.com/2013/03/30/islanders-give-visnovsky-contract-extension/?partner=rss&emc=rss

Judge Raps Disability-Lawsuit Mill After `Client' Disappears

On Jan. 19, 2011, an Irishman with the delightfully generic name of Mike Costello filed eight nearly identical lawsuits in federal court in New York , accusing local restaurants of violating laws requiring special accomodations for people with disabilities.

http://www.forbes.com/sites/danielfisher/2013/03/30/judge-raps-disability-lawsuit-mill-after-client-disappears/

No, Gazprom Really Isn't Going To Save Cyprus

There's an idea floating around that perhaps Gazprom would like to buy up the rights to Cyprus ' suspected gas reserves and thus save the country from its current troubles.

http://www.forbes.com/sites/timworstall/2013/03/30/no-gazprom-really-isnt-going-to-save-cyprus/

Larry Ellison Is Selling His $28.5 Million Lake Tahoe Mansion - "...

Larry Ellison Is Selling His $28.5 Million Lake Tahoe Mansion - Because He's Building One 3 Times Its Size Billionaire Oracle CEO Larry Ellison is selling one of his many mansions.

http://www.sfgate.com/technology/businessinsider/article/Larry-Ellison-Is-Selling-His-28-5-Million-Lake-4396718.php

Facebook's Phone Could Mean You'll Never Have To Buy Cell Phone Minutes Again

On April 4, Facebook is expected to announce an Android operating system for an HTC phone that has deep Facebook integration.

http://www.sfgate.com/technology/businessinsider/article/Facebook-s-Phone-Could-Mean-You-ll-Never-Have-To-4396717.php

Bank of Cyprus big savers to lose up to 60 percent

Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.

http://www.sfgate.com/news/world/article/Bank-of-Cyprus-big-savers-to-lose-up-to-60-percent-4396581.php

McCoy's crisps recalled by KP Snacks

Six-packs of salt and malt vinegar, and cheddar and onion, as well as six-packs and 15-packs of "the classics" - all with a best-before date of 15 June and code 3066 - have been recalled.

http://www.bbc.co.uk/news/entertainment-arts-21980893#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

Friday, March 29, 2013

SAC Capital's Steinberg indicted on insider trading charges

Michael Steinberg, a portfolio manager at Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors, was indicted Friday as part of a long-running insider-trading investigation.

http://www.foxbusiness.com/news/2013/03/29/sac-capital-steinberg-indicted-on-insider-trading-charges/

Power firm CEZ files complaint with EU against Bulgaria

Czech power producer CEZ filed a complaint with the European Commission against Bulgaria on Friday for the government's moves to take away the company's license in the Balkan country.

http://www.foxbusiness.com/news/2013/03/29/power-firm-cez-files-complaint-with-eu-against-bulgaria/

Michael Dell spoke with Blackstone during "go-shop": source

Dell Inc founder and CEO Michael Dell met with private equity firms Blackstone Group LP and Francisco Partners during the computer maker's "go-shop" period, a person familiar with the matter said on Friday.

http://www.foxbusiness.com/news/2013/03/29/michael-dell-spoke-with-blackstone-during-go-shop-source/

Glass Lewis urges MetroPCS shareholders vote down T-Mobile USA deal

Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against its proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to offer a sweeter deal.

http://www.foxbusiness.com/news/2013/03/29/glass-lewis-urges-metropcs-shareholders-vote-down-t-mobile-usa-deal/

Exclusive: Loeb's Third Point outperforms hedge fund rivals again

Hedge fund manager Daniel Loeb outperformed his rivals again in the first quarter with returns that kept pace with the stock market's recent rally, a person familiar with Loeb's returns said.

http://www.foxbusiness.com/news/2013/03/29/exclusive-loeb-third-point-outperforms-hedge-fund-rivals-again/

CVS Caremark CEO Merlo's 2012 Pay Jumps 44% to $20.3 Million

Total pay for CVS Caremark Corp.'s chief executive and president, Larry Merlo, jumped 44% to $20.3 million last year, according to a filing with the Securities and Exchange Commission.

http://www.foxbusiness.com/news/2013/03/29/cvs-caremark-ceo-merlo-2012-pay-jumps-44-to-203-million/

Biogen Idec Prices Multiple-Sclerosis Drug Below Oral Competitor

Biogen Idec Inc. has priced its new multiple-sclerosis pill at a discount to a competing therapy made by Novartis AG , a strategy that could speed up sales of the Biogen drug.

http://www.foxbusiness.com/news/2013/03/29/biogen-idec-prices-multiple-sclerosis-drug-below-oral-competitor/

Wall Street Raising First-quarter Growth Forecast

A handful of Wall Street firms bumped up their forecasts for first-quarter U.S. growth on Friday after a sharp increase in consumer spending, setting up perhaps the biggest gain in gross domestic product since the end of 2011.

http://www.foxbusiness.com/markets/2013/03/29/wall-street-raising-first-quarter-growth-forecast/

SAC Manager Charged By SEC With Insider Trading

The Securities and Exchange Commission on Friday charged Michael Steinberg, a portfolio manager at an affiliate of SAC Capital Advisors, with insider trading in advance of quarterly earnings information by Dell Inc.

http://www.foxbusiness.com/markets/2013/03/29/sac-manager-charged-by-sec-with-insider-trading/

Crisis hotlines turning to text to reach teens

They stream in a couple of dozen times a week, cries for help in bursts of text to DoSomething.org, a nonprofit more used to texting out details to teens on good causes and campaigns than receiving them from young people in crisis.

http://www.modbee.com/2013/03/29/2644911/crisis-hotlines-turning-to-text.html

Virtual reality, goggles and all, attempts return

The virtual reality headset, the gizmo that was supposed to seamlessly transport wearers to three-dimensional virtual worlds, has made a remarkable return at this year's Game Developers Conference, an annual gathering of video game makers in San Francisco.

http://www.myrtlebeachonline.com/2013/03/29/3408596/virtual-reality-goggles-and-all.html

Iraq rejects $4B Egypt request, talks ongoing

The official said on Friday that it's "too risky" to deposit such a large sum in Egypt but that talks are continuing for a smaller amount.

http://www.myrtlebeachonline.com/2013/03/29/3408577/iraq-rejects-4b-egypt-request.html

Jobless rate falls in Md., remains unchanged in D.C., Va.

The employment situation in the Washington region showed little movement between January and February, with the jobless rate slipping only slightly in Maryland and remaining unchanged in the District and in Virginia.

http://www.washingtonpost.com/business/economy/jobless-rate-falls-in-md-remains-unchanged-in-dc-va/2013/03/29/a7fdcd70-986d-11e2-b68f-dc5c4b47e519_story.html

Armenia's flag carrier airline Armavia launches bankruptcy proceedings

The carrier said in Friday's statement that it will halt flights next week. Armavia currently has 14 aircraft conducting more than 100 flights a week to 20 countries.

http://www.washingtonpost.com/business/armenias-flag-carrier-airline-armavia-launches-bankruptcy-proceedings/2013/03/29/eb73802c-9881-11e2-b5b4-b63027b499de_story.html

SAC's Steinberg Arrested as Probe Gets Closer to Cohen

SAC Capital Advisors LP fund manager Michael Steinberg was arrested by FBI agents as the U.S. government's wide-ranging probe of insider trading at the $15 billion firm got one step closer to founder Steven A. Cohen .

http://mobile.bloomberg.com/news/2013-03-29/sac-s-steinberg-arrested-as-probe-gets-closer-to-cohen.html?

Putin May Cap Golden Parachutes After $100 Million Payout

President Vladimir Putin proposed limiting severance payments to Russian executives, after a former KGB colleague was granted about $100 million when he stepped down as the head of OAO GMK Norilsk Nickel.

http://mobile.bloomberg.com/news/2013-03-29/putin-may-cap-golden-parachutes-after-ally-s-100-million-payout.html?

SAC Capital's Steinberg Indicted as Insider Probe Widens

SAC Capital Advisors LP fund manager Michael Steinberg was indicted by a federal grand jury on five counts of conspiracy and securities fraud as the U.S. government's wide-ranging probe of insider trading at the $15 billion firm got one step closer to founder Steven A. Cohen.

http://washpost.bloomberg.com/Story?docId=1376-MKFCP01A74E901-399L607SQ0NNRD5SCJASPHGJFM

Unemployment fell in February in 22 US states

Nationally, unemployment slid to a four-year low of 7.7 percent in February, down from 7.9 percent in January.

http://www.myrtlebeachonline.com/2013/03/29/3408678/unemployment-fell-in-february.html

Facebook to hold Android event Thursday

Next Thursday's event will be held at the company's Menlo Park, Calif., headquarters.

http://www.myrtlebeachonline.com/2013/03/29/3408652/facebook-to-hold-android-event.html

SAC Capital portfolio manager arrested in NYC

Michael Steinberg, 41, was arrested at 6 a.m. at his Manhattan home on insider trading charges lodged in an indictment unsealed in U.S. District Court in New York City.

http://www.myrtlebeachonline.com/2013/03/29/3408627/sac-capital-official-arrested.html

Myrtle Beach area jobless rate falls due to tourism hiring

The Horry County rate fell 0.8 points from January to 11.2 percent and was1.8 percent below the rate in February 2012.

http://www.myrtlebeachonline.com/2013/03/29/3408626/myrtle-beach-area-jobless-rate.html

Japanese utility takes blame for nuclear crisis

In this Dec. 29, 2012 file photo, the Unit 1 reactor building, left, and Unit 2 of the Fukushima Dai-ichi nuclear power plant are seen through a bus window in Okuma, Fukushima Prefecture, northeastern Japan.

http://www.myrtlebeachonline.com/2013/03/29/3408352/japanese-utility-takes-blame-for.html

Sprint, Softbank agree to ditch Huawei over spy concerns

Sprint and Japanese carrier Softbank have confirmed to U.S. lawmakers they won't use equipment from Huawei following their upcoming merger, Bloomberg reported .

http://bgr.com/2013/03/29/sprint-softbank-merger-huawei-equipment-403130/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBoyGeniusReport+%28BGR+%7C+Boy+Genius+Report%29

Notte: Success Is Killing Craft Beer

What big brewers, wine and spirits couldn't do to craft beer, the movement's founding brewers and their would-be protectors will do themselves.

http://www.thestreet.com/story/11883354/1/why-success-is-killing-the-craft-brew-industry.html?

How to Handle March Madness in Your Office

Managing employees can be hard enough without having to break up illegal gambling at the office, but during March Madness that's exactly what many supervisors find themselves doing.

http://www.thestreet.com/story/11883345/1/how-to-handle-march-madness-in-your-office.html

On Native GroundUNCHARTED Territory for the U.S. Economy

As some of the world's largest financial institutions are marched one by one to the Federal Reserve's lending window to pick up bailouts, bridge loans, cheap cash and the rest of our money, the orderly queue is getting ready to go wild.

http://www.american-reporter.com/4,695/915.html

A New Day for Gramercy

The New York-based company was then a big player in the commercial real estate collateralized debt obligation market -- the riskiest in the higher-yielding credit sector.

http://www.thestreet.com/story/11881560/1/a-new-day-for-gramercy.html

Growing Up 'Harry Potter': Daniel Radcliffe, Emma Watson, Rupert Grint

See the series' stars Daniel Radcliffe, Emma Watson and Rupert Grint grow up over the course of a decade of fimmaking.

http://www.hollywoodreporter.com/gallery/growing-up-harry-potter-daniel-208311

Adviser Opposes MetroPCS, T-Mobile Deal: Report

Proxy adviser Glass Lewis & Co. is urging shareholders to vote against MetroPCS Communications Inc.'s proposed merger with Deutsche Telekom AG's unit T-Mobile USA because it undervalues the company, The Wall Street Journal reported on Friday.

http://www.foxbusiness.com/markets/2013/03/29/adviser-opposes-metropcs-t-mobile-deal-report/

U.S. Consumer Spending, Income Climb in February

U.S. consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices.

http://www.foxbusiness.com/economy/2013/03/29/us-consumer-spending-income-climb-in-february/

Spread The Word: Biz Stone's New Startup Is Called Jelly

Biz Stone 's new venture has partially been revealed: Jelly. Kara Swisher on AllThingsD is reporting that the cofounder of Twitter has a new "native mobile" venture.

http://www.fastcompany.com/3007622/innovation-agents/spread-word-biz-stones-new-startup-called-jelly?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

How To Explode "Narrow Frame" Thinking To Unleash Great Ideas

Getting stuck in an either/or mindset leaves you with two ideas--when in reality there are a million in between.

http://www.fastcompany.com/3007604/how-explode-narrow-frame-thinking-unleash-great-ideas?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

Before Indiana Jones, There Was Indiana Smith

Brainstorming isn't stupid, you just have to know how to be blockbuster good at it, as this pre-Indy spitballing session between George Lucas and Stephen Spielberg reveals.

http://www.fastcompany.com/3007598/indiana-jones-there-was-indiana-smith?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

Can An App Actually Make You Happier?

Our annual guide to the businesses that matter most; the ones whose innovations are having an impact across their industries and our culture.

http://www.fastcompany.com/3007257/the-takeaway/can-app-actually-make-you-happier?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

Somersby Cider Ad Is More Apple Than Alcoholic Apple Juice

Our annual guide to the businesses that matter most; the ones whose innovations are having an impact across their industries and our culture.

http://www.fastcompany.com/3007621/tech-forecast/somersby-cider-ad-more-apple-alcoholic-apple-juice?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

North Korea Readies Long-Range Missiles And Talks Of "Merciless Strikes" On U.S.

Our annual guide to the businesses that matter most; the ones whose innovations are having an impact across their industries and our culture.

http://www.fastcompany.com/3007620/tech-forecast/north-korea-readies-long-range-missiles-and-talks-merciless-strikes-us?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

Facebook's Android Event Leads To Speculation That It's Launching Its Own Smartphone

An invitation to an event next week has reignited the Facebook smartphone rumor again.

http://www.fastcompany.com/3007619/tech-forecast/facebooks-android-event-leads-speculation-its-launching-its-own-smartphone?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company%29

Glass Lewis to MetroPCS Shareholders: Vote Down T-Mobile Deal

Glass Lewis & Co. announced on Friday its opposition to the merger of MetroPCS Communications and Deutsche Telekom unit T-Mobile USA, putting more pressure on the carrier's parent to sweeten the deal.

http://www.foxbusiness.com/technology/2013/03/29/glass-lewis-to-metropcs-shareholders-vote-down-t-mobile-deal/

Compal Electronics 2012 Net Profit Down 42%, Lowest in Decade

Compal Electronics Inc. , the world's second-largest contract notebook computer maker by revenue, said Friday that last year's earnings fell 42%, making 2012 its least profitable year in a decade.

http://www.foxbusiness.com/technology/2013/03/29/compal-electronics-2012-net-profit-down-42-lowest-in-decade/

Adviser Urges MetroPCS Holders To Reject Deal

Prominent proxy adviser Glass Lewis & Co. said MetroPCS Communications Inc. investors should vote against a merger with Deutsche Telekom AG unit T-Mobile USA, adding to negative sentiment around the deal just two weeks before shareholders are to vote.

http://www.foxbusiness.com/technology/2013/03/29/adviser-urges-metropcs-holders-to-reject-deal/

How to Get the Most Out of On-Campus Services

Students are paying a hefty price tag to attend their school, so it's in their best interest to take advantage of all the resources made available to them to help them find a job, develop their skills and improve their academic standing.

http://www.foxbusiness.com/personal-finance/2013/03/29/how-to-get-most-out-on-campus-services/

How to Avoid an IRS Audit

Getting audited is every taxpayer's nightmare, but rest assured: your chances of being singled out for an audit are slim.

http://www.foxbusiness.com/personal-finance/2013/03/29/how-to-avoid-irs-audit/

Are You Being Too Nice at Work?

As I read Sheryl Sandberg's "Lean In: Women, Work, and the Will to Lead," I nodded so hard that I worried my neck would sprain.

http://www.foxbusiness.com/personal-finance/2013/03/29/are-being-too-nice-at-work/

Sears Ex-CEO Saw Compensation Fall Nearly 90% Last Year

Former Sears Holdings Corp. Chief Executive Louis D'Ambrosio saw his compensation package fall nearly 90% last year, to $1.3 million, according to a proxy filed with the Securities and Exchange Commission.

http://www.foxbusiness.com/news/2013/03/29/sears-ex-ceo-saw-compensation-fall-nearly-0-last-year/

Former SAC Capital portfolio manager Steinberg arrested: FBI

Michael Steinberg, a former portfolio manager at SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his residence in New York City early Friday morning in connection with an insider trading investigation, a FBI spokesman said.

http://www.foxbusiness.com/news/2013/03/29/former-sac-capital-portfolio-manager-steinberg-arrested-fbi/

Deutsche Bank probe finds incomplete data given to prosecutors: magazine

The magazine, which did not cite any specific sources for its information, said some data relevant to the prosecution's probe might have been deleted by an automated process.

http://www.foxbusiness.com/news/2013/03/29/deutsche-bank-probe-finds-incomplete-data-given-to-prosecutors-magazine/

Consumer sentiment jumps in March on jobs hopes

Consumer sentiment rose in March from February, as Americans discounted the effects of government budget cuts and instead saw continued healing in the labor market, a survey released on Friday showed.

http://www.foxbusiness.com/news/2013/03/29/consumer-sentiment-jumps-in-march-on-jobs-hopes/

Crisis in Cyprus hits ETFs

Cyprus' struggles to regain control of its ongoing financial crisis continues, as banks reopen with severe restrictions after nearly two weeks.

http://www.foxbusiness.com/markets/2013/03/29/crisis-in-cyprus-hits-etfs/

Consumer Sentiment Rises In March

The University of Michigan-Thomson Reuters consumer-sentiment gauge rose to a final March reading of 78.6 -- the highest level since November -- from a final February reading of 77.6, reports said Friday.

http://www.foxbusiness.com/markets/2013/03/29/consumer-sentiment-rises-in-march/

Coming Up: March Consumer Sentiment

Economists expect that a gauge of consumer sentiment from the University of Michigan and Thomson Reuters fell to a final March reading of 73 from 77.6 in February, with concerns about the government's economic policies taking a toll, according to a MarketWatch survey.

http://www.foxbusiness.com/markets/2013/03/29/coming-up-march-consumer-sentiment/

Thursday, March 28, 2013

U.S. economy expands at 0.4% rate

The economy grew at an annual rate of 0.4 per cent in the October-December quarter, the Commerce Department said Thursday.

http://www.cbc.ca/news/business/story/2013/03/28/us-gdp.html?cmp=rss

U.S. jobless claims jump

First-time jobless benefits applications, a proxy for layoffs, have been declining steadily since November.

http://www.cbc.ca/news/business/story/2013/03/28/us-jobless-claims.html?cmp=rss

First Green Bank Officials Attend Global Alliance for Banking on Values Summit in Berlin

Mount Dora, Fla. --- The chairman, president and two directors of First Green Bank, headquartered in Mount Dora, recently attended the Global Alliance for Banking on Values summit conference in Berlin. Kenneth M. LaRoe, chairman of First Green Bank, Paul Roundtree, president and bank directors Shannon Carlyle and Randy Strode attended the conference. First Green Bank was admitted to the Global Alliance for Banking on Values last year. The Alliance, which includes 22 banks in 16 countries, including four U.S. banks, is an independent network of banks using finance to deliver sustainable development for unserved people, communities and the environment. First Green Bank launched its first capital offering in January. LaRoe said First Green Bank has raised more than $4 million in investments.

http://www.topix.com/business/2013/03/first-green-bank-officials-attend-global-alliance-for-banking-on-values-summit-in-berlin

juliet_eilperin

House Republicans launched their " Idea Lab " Thursday, outlining their energy agenda for the coming year.

http://www.washingtonpost.com/blogs/post-politics/wp/2013/03/28/house-gop-energy-plan-drill-more-mine-more/

Scooters face scrutiny by doctors and lawmakers

TV ads show smiling seniors enjoying an "active" lifestyle on a motorized scooter, taking in the sights at the Grand Canyon, fishing on a pier and high-fiving their grandchildren at a baseball game.

http://www.modbee.com/2013/03/28/2643216/scooters-face-scrutiny-by-doctors.html

50 companies apply to explore for oil in Lebanon

Lebanon's Energy Ministry says 50 companies have participated in a pre-qualification process to win licenses for oil and gas work off the Lebanese coast.

http://www.modbee.com/2013/03/28/2643266/50-companies-apply-to-explore.html

Nissan Leaf Flies Off UK Production Line

The manufacturing of Nissan's Leaf, which until today had been built solely in Japan, was shifted to Sunderland after the Japanese firm chose its UK plant for a 420m investment.

http://web.orange.co.uk/article/news/nissan_leaf_flies_off_uk_production_line

BlackBerry Reports Surprise Profit After Cutting Expenses

BlackBerry , which is attempting a comeback with a new lineup of smartphones, reported a surprise profit in the fourth quarter after embarking on a cost-cutting program last year, even as sales continued to trail projections.

http://mobile.bloomberg.com/news/2013-03-28/blackberry-posts-surprise-quarterly-profit-after-cutting-costs.html?

Fiat Said to Seek $2.5 Billion Credit Line Before Chrysler Deal

Fiat SpA is approaching banks to refinance a 1.95 billion-euro credit line as the Italian carmaker weighs options to buy the Chrysler Group LLC stake it doesn't own, two people familiar with the matter said.

http://washpost.bloomberg.com/Story?docId=1376-MKDF096KLVRW01-7BSSF5AR2TLT6QL4STK0P6MUM5

Cyprus's Banks Open After Two Weeks as Controls Curb Panic

Cyprus's banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits.

http://washpost.bloomberg.com/Story?docId=1376-MKC34H0D9L3901-5GDFDSNRJC0UEPQAT3T8033GBV

Fridman Weighs $4 Billion Bid for Tele2 Russia to Trump VTB

Billionaire Mikhail Fridman's Alfa Group said it's ready to trump lender VTB Group's bid for Tele2 AB's mobile-phone assets in Russia and is considering a takeover of the entire Swedish telecommunications company.

http://washpost.bloomberg.com/Story?docId=1376-MKBSYL6JTSFR01-00K6ECP79TK7OJP3FSBNEN0IL5

Accenture Forecasts Revenue That Falls Short of Estimates

Accenture Plc, the world's second- largest technology-consulting company, forecast third-quarter sales that fell short of analysts' estimates and said its chief financial officer is stepping down.

http://washpost.bloomberg.com/Story?docId=1376-MKBREY6TTDSG01-4REK3O5691E160DH2QI86F408Q

CAL Bank of Ghana Sees 50% Profit Growth in 2013 on Lending

CAL Bank Ltd., a lender that's gained 42 percent this year, expects profit to rise 50 percent in 2013 as it increases loans and advances.

http://washpost.bloomberg.com/Story?docId=1376-MKBR7U0UQVI901-7JAKSA86UBTG70SCP4C95O55HV

Biogen Rises to Record After FDA Approval of Tecfidera MS Pill

Biogen Idec Inc., the fourth- largest U.S. biotechnology company by market value, rose to a record price after the drugmaker won U.S. approval for its first pill for multiple sclerosis, Tecfidera.

http://washpost.bloomberg.com/Story?docId=1376-MK9SWC6S972V01-5RIA4FQNVAUMJPAG14JJBTU2HA

India posts record current account deficit of 6.7 percent of GDP in latest economic blow

India's central bank has reported a record current account deficit of 6.7 percent of GDP in the quarter ending in December.

http://www.washingtonpost.com/business/india-posts-record-current-account-deficit-of-67-percent-of-gdp-in-latest-economic-blow/2013/03/28/9aecbe2a-97b9-11e2-b5b4-b63027b499de_story.html

Boing CEO says Dreamliner battery solution will work; tests to conclude in a few days

Boeing CEO Jim McNerney said his company is "very close" to getting its troubled 787 Dreamliner jet back flying again.

http://www.washingtonpost.com/business/boing-ceo-says-dreamliner-battery-solution-will-work-tests-to-conclude-in-a-few-days/2013/03/28/ee3e5566-97aa-11e2-b5b4-b63027b499de_story.html

'Friend of Obama's political campaign' could be the next FCC director

Here's the count: 37 Democratic senators have signed a letter asking President Obama to appoint Jessica Rosenworcel to direct the Federal Communications Commission; she is currently the commissioner of the federal agency.

http://www.washingtontimes.com/blog/watercooler/2013/mar/28/friend-obamas-political-campaign-could-be-next-fcc/

Lionsgate Stock Hits New All-Time High on NYSE

The high-water mark follows the mini-studio and CBS reaching a deal for a 50-50 partnership stake in the TVGN TV network and TVGuide.com. TORONTO Lionsgate's stock on Thursday hit a new all-time high after the mini-studio earlier in the week inked a deal with CBS for a 50-50 partnership stake in the TVGN TV network and TVGuide.com and analysts ... (more)

http://www.hollywoodreporter.com/news/lionsgate-stock-hits-new-all-431533

Why Do Short Sales Take So Long?

Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future.

http://www.foxbusiness.com/personal-finance/2013/03/28/why-do-short-sales-take-so-long/

Wedding Insurance: To Have and to Hold?

With all the planning and spending that goes into planning a wedding, everyone hopes the big day goes off without a hitch, but that doesn't always happen.

http://www.foxbusiness.com/personal-finance/2013/03/28/wedding-insurance-to-have-and-to-hold/

Tax Rules for Children with Investment Income

If your children are fortunate enough to have investment accounts, they may be required to file a tax return to declare the income they receive - interest, dividends, capital gain distributions and income from a trust.

http://www.foxbusiness.com/personal-finance/2013/03/28/tax-rules-for-children-with-investment-income/

Don't Let Retirement Planning Make Your Palms Sweat

It used to be that when we turned 65, it meant it was time to leave the labor market.

http://www.foxbusiness.com/personal-finance/2013/03/28/dont-let-retirement-planning-make-your-palms-sweat/

Green Tyranny

Tyranny is a strong word. The stuff of dictatorships. Environmental rules don't seem to rise to that, and many are good: environmental standards are what allows Stossel to jump into the Hudson River.

http://www.foxbusiness.com/on-air/stossel/blog/2013/03/28/green-tyranny-9pm-et-fbn

U.S. Stock Futures Stay Positive After Jobless Claims Disappoint

U.S. stock futures nudged higher, with the Standard & Poor's 500-stock index on track to open within reach of a record high, as the relative calm surrounding the reopening of Cyprus banks outweighed a worse-than-expected reading on the labor market.

http://www.foxbusiness.com/news/2013/03/28/us-stock-futures-stay-positive-after-jobless-claims-disappoint/

PPG Industries Hires Ex-Tyco Executive Sklarsky to Head Finances

PPG Industries Inc. hired former Tyco International Ltd. Chief Financial Officer Frank S. Sklarsky to succeed David B. Navikas, who will assume a yet-to-be-announced senior leadership role, effective Aug.

http://www.foxbusiness.com/news/2013/03/28/ppg-industries-hires-ex-tyco-executive-sklarsky-to-head-finances/

Jobless claims rise, labor market still healing

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back.

http://www.foxbusiness.com/news/2013/03/28/jobless-claims-rise-labor-market-still-healing/

How to Tell When Card Debt Legally Expires

The statute of limitations in your state is a starting point to tell if a debt is too old to be dragged in front of a judge.

http://www.foxbusiness.com/personal-finance/2013/03/22/how-to-tell-when-card-debt-legally-expires/

Sharing a Car -- and Risk -- for Spring Break

Question: Will my car insurance policy cover other young drivers, in addition to my daughter, taking turns driving my car during spring break? I'd prefer she isn't stuck driving the long distance on her own.

http://www.foxbusiness.com/personal-finance/2013/03/20/sharing-car-and-risk-for-spring-break/

Fannie Mae Sees Economic Growth Picking Up

After a strong U.S. jobs report and a rebound in consumer confidence in February, overall economic growth is expected to pick up in the second half of the year, coming in at 2.1% in 2013, according to new research from mortgage-finance company Fannie Mae .

http://www.foxbusiness.com/news/2013/03/28/fannie-mae-sees-economic-growth-picking-up/

Express Scripts CEO's 2012 Compensation Climbs to $12.8 Million

Express Scripts Holding Co. Chief Executive George Paz's compensation rose 50% in value last year, a year in which his company wrapped up a $29.1 billion acquisition to create the nation's largest pharmacy-benefit manager.

http://www.foxbusiness.com/news/2013/03/28/express-scripts-ceo-2012-compensation-climbs-to-128-million/

Europe Markets: Europe Stocks Gain On German Data, Cyprus Calm

European stock markets advanced on Thursday, after data showed German retail sales unexpectedly rose in February and banks reopened in Cyprus without signs of panic.

http://www.foxbusiness.com/news/2013/03/28/europe-markets-europe-stocks-gain-on-german-data-cyprus-calm/

Economy posts sluggish growth in fourth quarter

The economy expanded at a sluggish pace in the fourth quarter although a big gain in business investment and higher exports of services led the government to push up its previous estimate for growth.

http://www.foxbusiness.com/news/2013/03/28/economy-posts-sluggish-growth-in-fourth-quarter/

Clearwire Decides to Tap Sprint Financing Again

Clearwire Corp. said it again tapped into financing made available by Sprint Nextel Corp.

http://www.foxbusiness.com/news/2013/03/28/clearwire-decides-to-tap-sprint-financing-again/

BlackBerry Shares Turn Up After Call

Shares of BlackBerry Inc. turned up in pre-market trades on Thursday morning after an earlier decline, after the company wrapped up its fourth fiscal results conference call.

http://www.foxbusiness.com/markets/2013/03/28/blackberry-shares-turn-up-after-call/

30-year Mortgage Rate Rises To 3.57%

The average rate on the 30-year fixed-rate mortgage rose to 3.57% in the week ending March 28, still near record a low, from 3.54% in the prior week, Freddie Mac said Thursday in its weekly report.

http://www.foxbusiness.com/markets/2013/03/28/30-year-mortgage-rate-rises-to-357/

Mosaic Reveals In-Line 3Q Profit as Potash Volumes Grow

Mosaic revealed a 26% improvement in third-quarter profit on Thursday as stronger potash volumes helped to offset weak phosphate prices.

http://www.foxbusiness.com/industries/2013/03/28/mosaic-reveals-in-line-3q-profit-as-potash-volumes-grow/

Liberty Global Buys Minority Stake in Dutch Cable Operator for $807M

Liberty Global inked a deal on Thursday to buy a 12.65% stake in Ziggo, the largest cable operator in the Netherlands, for $807 million.

http://www.foxbusiness.com/industries/2013/03/28/liberty-global-buys-minority-stake-in-dutch-cable-operator-for-800m/

GameStop's Gloomy Guidance Offsets 4Q Beat

GameStop revealed a stronger-than-expected 49.5% jump in fourth-quarter profits on Thursday, but the video-game retailer's earnings beat was overshadowed by gloomy guidance as the industry braces for a slowdown before the launch of PlayStation 4. The company said it earned $261.1 million, or $2.15 a share, last quarter, compared with a profit of ... (more)

http://www.foxbusiness.com/industries/2013/03/28/gamestop-gloomy-guidance-offsets-4q-beat/

China Jitters Cloud Sprint-Softbank Deal

Suspicious of Chinese suppliers like Huawei Technologies, the U.S. is reportedly seeking oversight of network-equipment purchases before approving Softbank's $20 billion acquisition of wireless provider Sprint Nextel .

http://www.foxbusiness.com/industries/2013/03/28/china-jitters-cloud-sprint-softbank-deal-us-to-review-equipment-purchases/

Jobless Claims Rise More Than Expected

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back.

http://www.foxbusiness.com/economy/2013/03/28/weekly-jobless-claims-rise-more-than-expected/

Midwest Manufacturing Expansion Cools in March

The pace of business activity in the U.S. Midwest slowed in March as the new order rate pulled back, a report showed on Thursday.

http://www.foxbusiness.com/economy/2013/03/28/midwest-manufacturing-expansion-cools-in-march/

Economy Posts Sluggish Growth in 4Q

The U.S. economy expanded at a sluggish pace in the fourth quarter although a big gain in business investment and higher exports of services led the government to push up its previous estimate for growth.

http://www.foxbusiness.com/economy/2013/03/28/gross-domestic-product-gdp/

Boeing CEO Confident 787 Battery Fix Will Work

Regulators grounded the 787 on January 16 after separate battery incidents on planes in Boston and Japan.

http://www.foxbusiness.com/business-leaders/2013/03/28/boeing-ceo-confident-787-battery-fix-will-work/

Trading Employees for Tablets?

In today's roundup, check out the forecast for franchises in 2013, how one founder realized it was time to pass the baton cost-cutting alternatives being considered by some employers in the face of potential hikes to the minimum wage.

http://smallbusiness.foxbusiness.com/entrepreneurs/2013/03/28/trading-employees-for-tablets/

For decades, the business community has been keeping secrets - from its employees.

From financial data and salary information to long-term initiatives and succession planning, privately owned companies have long subscribed to the theory that sharing critical information with employees is done only on a need-to-know basis.

http://smallbusiness.foxbusiness.com/entrepreneurs/2013/03/28/tmi-newest-entrepreneurs-advocate-open-source-culture/

Markets steady as Cyprus banks reopen

Markets have steadied Thursday as Cyprus's banks reopened after a near two-week shutdown while the country negotiated a bailout agreement with international creditors that will see many large depositors lose a big chunk of their money.

http://www.lasvegassun.com/news/2013/mar/28/markets-steady-cyprus-banks-reopen/

Mutual Funds Cut Bank Holdings on Profit View: Corporate Canada

The Scotia Canadian Dividend Fund has cut its bank holdings by 40 percent, the most among Canada's 10 largest actively-managed mutual funds, on concern that lending is slowing as consumers retrench.

http://washpost.bloomberg.com/Story?docId=1376-MJPY8K6TTDSJ01-2U0JM2U73KC55EFH59P5DL348Q

Cyprus's Banks Open After Two Weeks as Controls Curb Panic

Cyprus's banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits.

http://washpost.bloomberg.com/Story?docId=1376-MKD7X80UQVI901-1IBKIVP35S6DTE758539621TFJ

03/28/13 The Raw Business News Feed


THE RAW BUSINESS NEWS FEED

Wednesday, March 20, 2013

03/20/13 The Business Newswire


THE RAW BUSINESS NEWS FEED

  • Law would give pregnant women more workplace protection 2013-03-20, 06:40 pm
    Companies would have to adjust the duties of women who can't perform their normal jobs because they are pregnant under legislation passed by the House of Delegates Wednesday.
  • Report: Downtown Baltimore gained 10,000 jobs in 2012 2013-03-20, 05:34 pm
    Downtown Baltimore gained 10,000 jobs in 2012 - after losing the same number of jobs in 2011, according to the annual State of Downtown report to be released Thursday by the Downtown Partnership of Baltimore Inc.
  • Bernanke keeps U.S. economy on drip feed 2013-03-20, 04:39 pm
    The Federal Reserve is continuing its therapy of low interest rates and bond purchases to nurse the U.S. economy back to health.
  • Bernanke: Stimulus hinges on sustained improvement 2013-03-20, 04:00 pm
    Federal Reserve Chairman Ben Bernanke said Wednesday that even though the U.S. economy has improved in recent months, the Fed won't alter its aggressive stimulus policies until it is convinced the gains can be sustained.
  • Amvets awarded $250,000 grant to open veterans career centers 2013-03-20, 03:32 pm
    Lanham-based veterans group Amvets has been awarded a $250,000 grant to bring veterans' job services to 20 new markets around the country.
  • RBS Said to Narrow Field of Bidders for 316 British Branches 2013-03-20, 08:30 pm
    Royal Bank of Scotland Group Plc is starting to whittle down bidders for the 316 branches regulators are forcing it to sell as some of the U.K.'s biggest fund managers face off against offers from U.S. private equity firms, people with knowledge of the discussions said.
  • Oracle Posts Flat 3rd-Quarter Profits, Shares Slip 2013-03-20, 08:24 pm
    Oracle Corp. posted flat fiscal third-quarter earnings as the technology company's hardware revenue continued to weaken and license revenue slipped, though overall software revenue improved.
  • Market Snapshot: U.S. Stocks Rise After Getting Fed's All-clear 2013-03-20, 08:24 pm
    U.S. stocks climbed Wednesday, with the S&P 500 snapping its first three-day losing run this year, after the Federal Reserve said it would continue to support the U.S. economy.
  • ADRs End Higher After Fed Decision 2013-03-20, 08:24 pm
    International companies trading in New York closed higher Wednesday after the Federal Reserve reiterated its commitment to support the economy for the foreseeable future.
  • Oracle Gives Mixed Fourth-quarter Forecast 2013-03-20, 08:24 pm
    Oracle Corp. on Wednesday forecast a fiscal fourth-quarter profit, excluding one-time items, of 85 cents to 91 cents a share.
  • Oracle blames sales force for Q3 miss, projects Q4 growth 2013-03-20, 08:22 pm
    Oracle Corp forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue that drove its shares 8 percent lower on Wednesday.
  • Oracle 3Q Disappoints on Softer Software Licenses 2013-03-20, 08:22 pm
    The Redwood Shores, Calif.-based software maker reported net income of $2.5 billion, or 53 cents a share, compared with a year-earlier profit of $2.49 billion, or 49 cents.
  • HP's Lane, several others narrowly keep board seats 2013-03-20, 08:22 pm
    Hewlett-Packard Co's shareholders re-elected the company's board on Wednesday, but Chairman Ray Lane and three others only narrowly kept their seats after criticism about their roles in the botched $11 billion acquisition of Autonomy Plc.
  • H-P Ceo Urges Shareholder Patience as Transformation Continues 2013-03-20, 08:22 pm
    Hewlett-Packard Co. Chief Executive Meg Whitman urged investors to continue supporting the technology company, saying she is pleased with the progress that's been made since she took charge in September 2011.
  • How to Prevent Financial Abuse of Elderly Parents 2013-03-20, 08:22 pm
    Pamela H. and her husband lived in another state, so when a couple right around the corner from her 83-year-old mother took a neighborly interest in her mom, it seemed the answer to a prayer.
  • Five Home Insurance Benefits Away from Home 2013-03-20, 08:21 pm
    When you leave home, your homeowners insurance typically follows you, protecting you and your family from loss or theft of personal possessions and from liability for accidental injuries or property damage.
  • Can I Sue my Bank for Cashing My Check? 2013-03-20, 08:21 pm
    Dear Dr. Don, I wrote a check to a nonlicensed contractor to work on my rental property.
  • The Buzz Surrounding - Queen Bee': True or False? 2013-03-20, 08:21 pm
    Former Secretary of State Madeline Albright's statement that there is "a special place in hell for women who don't help other women" might have been declared back in 2006, but it's made its way back into headlines recently.
  • Sanofi investors may sue as a class: Judge 2013-03-20, 08:21 pm
    A U.S. judge certified on Wednesday a class of investors who have filed a lawsuit accusing Sanofi of misleading them about the status of regulatory approval for a failed anti-obesity pill.
  • Market Comment: S&P/Asx 200 Poised to Rise Before China Manufacturing Data 2013-03-20, 08:21 pm
    The data have potential to eclipse recent concern about Cyprus. Investors have been anxiously awaiting China economic data for March to see whether it confirms signs of a double dip, or whether the February data was affected by the Lunar New Year holidays.

Tuesday, March 19, 2013

03/19/13 THE RAW BUSINESS NEWS FEED


  • EU Reding: Apple Still not Informing Customers Correctly About Warranty Rights In EU 2013-03-19, 06:02 am
    A senior European Union official said Tuesday that Apple Inc. still isn't informing consumers correctly about their legal warranty rights in many EU member states, as she called for Brussels to take a greater role in shaping a common approach to consumer protection rules.
  • ARM Holdings CEO Warren East to Retire July, Simon Segars Named 2013-03-19, 06:02 am
    ARM Holdings PLC , a semiconductor intellectual property supplier, said Tuesday that Chief Executive Officer Warren East has decided to retire from the company, effective July 1, and it has appointed Simon Segars as his successor.
  • Acer Posts Fourth-Quarter Net Loss of NT3.37 Billion 2013-03-19, 06:01 am
    Taiwan's Acer Inc. posted on Tuesday a larger-than-expected fourth-quarter net loss after a write down of the value of its brands including Gateway and Packard Bell.
  • PBOC Survey Finds Urban Residents Less Happy With Price Levels 2013-03-19, 06:01 am
    A quarterly survey by China's central bank found that urban residents were less satisfied with price levels in the first quarter.
  • Findel to Sell Healthcare Unit For GBP24 Million; 2nd Half Sales +8.7% 2013-03-19, 06:01 am
    Findel PLC reported Tuesday that it entered a conditional agreement to sell NRS, its Healthcare division, to LDC, a private equity unit of Lloyds Banking Group PLC , for 24.0 million pounds cash, also announcing a share consolidation and saying that second-half sales to date are 8.7% ahead of last year.
  • European car sales fall 10.2 percent in February 2013-03-19, 06:01 am
    Europe's car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers .
  • Euro zone cannot lend more than agreed to Cyprus: French finance minister 2013-03-19, 06:01 am
    The euro zone cannot lend more to Cyprus than the 10 billion euro bailout it agreed at the weekend, French Finance Minister Pierre Moscovici said on Tuesday.
  • Euro Zone Backs Exemption on Cyprus Small Deposits - French Minister 2013-03-19, 06:01 am
    Euro-zone finance ministers unanimously support the exemption of smaller depositors from a tax that Cypriot authorities are planning to levy on bank accounts to increase the fairness of island's bailout program, French Finance Minister Pierre Moscovici said Tuesday.
  • Cypriot draft bill drops levy on deposits below 20,000 euros 2013-03-19, 06:01 am
    A draft bill the Cypriot government submitted to parliament on Tuesday scraps a controversial levy on bank deposits for amounts below 20,000 euros .
  • Convenience stores, online help Sainsbury top forecasts 2013-03-19, 06:01 am
    J Sainsbury , Britain's third-largest grocer, beat forecasts for underlying sales in its fourth quarter, with strong growth online and in convenience stores offsetting a weaker performance in traditional stores.
  • Centrica Buys Back 1.2 Million Shares For Treasury 2013-03-19, 06:00 am
    Centrica PLC (CNA.LN) said Tuesday it bought 1.2 million of its own shares at an average price of 350.5420 pence per share to be held as treasury shares.
  • BMW Sees Flat Profit Due To Investments 2013-03-19, 06:00 am
    Germany's BMW AG said Tuesday it foresees this year's pretax profit at the 2012 level, weighed down by huge investments and despite rising sales.
  • BMW sees flat 2013 pretax profits as costs rise 2013-03-19, 06:00 am
    German premium automaker BMW expects earnings to stagnate this year as costs for 11 new model launches, capacity expansion and spending on fuel-efficient technology eat up higher profits from selling more cars.
  • Trading Suspended In Cyprus Amid Bailout Woes 2013-03-19, 06:00 am
    Trading on the Cyprus Stock Exchange has been suspended Tuesday and Wednesday and will reopen again on Thursday, to avoid any potential risks to the financial system amid discussions of bailout conditions for the country, the exchange said.
  • Mexico's president gathers power, pushes reform 2013-03-19, 05:53 am
    In this March 11, 2013 file photo, Mexico's President Enrique Pena Nieto, center, is flanked by Mexican Senate Deputy Chairman Francisco Arroyo Vieira, left, and Mexican Senate President Ernesto Cordero as he shows an agreement signed by him and the three major political parties that would create two new national television stations and form a ... (more)
  • Bidders Eye 1bn Software Powerhouse 2013-03-19, 05:24 am
    A group of private equity groups have lodged bids for Civica, the public sector software company that supplies most of Britain's emergency services and NHS trusts.
  • HSBC Faces Fresh Money Laundering Probe 2013-03-19, 05:24 am
    HSBC is facing fresh allegations of money laundering in the wake of its 1.2bn penalty to settle similar claims last year.
  • 'Horsemeat Free' Sainbury's Sees Sales Boost 2013-03-19, 05:24 am
    Sainsbury's chief executive has reported a rise in sales over recent months as a result of the ongoing horsemeat scandal.
  • BlackRock to Cut About 300 Jobs as Fink Extends Reorganization 2013-03-19, 05:23 am
    BlackRock Inc., the world's biggest money manager, is cutting about 300 jobs, extending a reorganization that included the shakeup of its investment units last year.
  • Ex-Calpers CEO Indicted for Apollo Placement Agent Fee Scheme 2013-03-19, 05:23 am
    Federico Buenrostro, former chief executive officer of the California Public Employees' Retirement System, was charged with conspiring to trick the pension fund into paying millions of dollars in fees for a $3 billion investment into funds managed by Apollo Global Management LLC.