Latest Breaking Business News
RSS-
US stocks dip despite MA activity
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 ...
-
Yahoo Takes space in old NY Times building
Yahoo is tumbling into the old Times Building on W. 43rd St. with a new lease for 176,000 feet on the 9th through 12th floors of the 16-story building where they will consolidate their city headquarters.Yahoo CEO Marissa Mayer announced the move as she and Mayor Bloomberg discussed the $1.1 billion Tumblr acquisition at a press event. The Post first reported the tech giant was exploring options ...
-
After Tumblr Takeover Whos Next
Yahoo's announcement on Monday that it's snapping up Tumblr for $1.1 billion, the attention has shifted to other private technology companies that could be next. (A little horn-tooting: ...
More Breaking Business News
RSS-
Tumblrs Issues for New Parent Yahoo
Investors are asking how the aging Internet giant plans to make money off Tumblr's feisty, fickle users--who want reassurance that the grown-ups won't barge into their clubhouse and spoil the fun. "It's not the worst idea but it's not a clear victory," said Brian Wieser, senior analyst at Pivotal Research Group. "It definitely gives us traction with a ...
-
Urban Outfitters sales miss Street estimates shares fall
Urban said on Monday its profit was helped by a fall in merchandise markdowns due to improved demand at its hipster Anthropologie brand and lower store occupancy ...
-
Exclusive U.S. Air Force to move forward target date for F-35 use
Workers can be seen on the moving line and forward fuselage assembly areas for the F-35 Joint Strike Fighter at Lockheed Martin Corp's factory located in Fort Worth, Texas in this October 13, 2011 handout photo provided by Lockheed ...
-
Apples stateless subsidiaries lower tax bills Senate report
AAPL.O ) has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure concluded on ...
-
Trade group SIFMA names ex-Senator Gregg as CEO
NEW YORK – SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress. The Securities Industry and Financial Markets Association had been expected to give the post to interim chief executive and president Kenneth Bentsen, a veteran ...
-
Solar Stocks Help ADR Shares End Higher
International companies trading in New York closed higher Monday amid rising solar stocks and positive comments out of Japan about its economy.The Bank of New York index of ADRs added 0.3% to 142.69.The Japanese government raised its assessment of the country's economy, which offset some strengthening in the yen following comments over the weekend by Japanese Economy Minister Akira Amari ...
-
Plains Exploration Board Approves Freeport-McMoRan Deal
Plains Exploration & Production Co.'s (PXP) board Monday approved a $6.5 billion merger with Freeport-McMoRan Copper & Gold Inc. (FCX), overcoming earlier pressure to reject the deal.The deal gives Freeport-McMoRan sizeable oil and natural-gas production assets to add to its mining business. Many in the industry questioned whether the two companies would profitably complement each ...
-
What to expect when you’re expecting Microsoft to announce the next Xbox
officially announces the next Xbox tomorrow , it will have been 2,932 days since the company last unveiled a new video game console. In those eight years and 10 days, Sony and Nintendo have combined to unveil six pieces of hardware across the home and portable markets. Apple and Google have revolutionized the mobile phone and gaming markets with iOS and Android. Microsoft itself has even gone ...
-
The close Wall St. near flat correction worry rises
U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities.Based on the latest available data, the Dow Jones industrial average declined 19.12 points, or 0.12 per cent, to finish unofficially at 15,335.28. The Standard & Poor's 500 Index slipped 1.18 points, or 0.07 per ...
-
Tricare keeps changes to UnitedHealthcare military plan in place
UnitedHealth care Military & Veterans' delivery of medical care to service members and retirees. The government will continue an automatic referral and approval process for specialized care, because of UnitedHealthcare's difficulty in providing timely care for certain service members, military retirees and their families. That service is "still not to the point where ...
-
High crop prices entice farmers to expand planting into old golf courses wildlife preserves
BIGGSVILLE, Ill. - Clark Kelly plans to spend a lot of time on the links this spring. The Illinois farmer is plowing the Hend-Co-Hills Golf Course near tiny Biggsville into a cornfield. He's not the only one turning over soil in unlikely places. Across the Midwest, farmers are planting crops on almost any scrap of available land to take advantage of consistently high corn and soybean ...
-
Hijackings on the high seas
Fighters against piracy reached a milestone on May 10. A year had passed since the last hijacking, when Somali pirates took a Greek tanker carrying 135,000 tons of fuel oil. The Smyrni and her crew of 26 were released 10 months later after a record ransom payment. According to the International Maritime Bureau, an organization that fights shipping crime, five ships and 71 sailors are still in ...
-
Acadia added to Nasdaq biotech index
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 ...
-
JPMorgan might dump Bloomberg chat feature
JPMorgan Chase is mulling a new online chat system to replace Bloomberg LP’s instant-messaging function amid concerns about a privacy breach, The Post has learned.JPMorgan is eyeing a chat service that is still the early stages of development and is a collaboration between Thomson Reuters and data provider Markit, sources said. Several big banks are toying with offering their workers a ...
-
With New Xbox Microsoft Makes A Bigger Play For Living Room
An Xbox 360 video presentation at the E3 Media and Business Summit in Los Angeles in 2008. Microsoft is scheduled to introduce its newest Xbox on ...
-
After Hours Urban Outfitters slips in after-hours trade
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 ...
-
Can Microsofts Xbox Get Hollywood To Help Reinvent Gaming
Xbox will be a technological wonder. The game console will likely connect to other devices. It'll feature that utterly cool hands-free Kinect controller, which may let users wave in the air to communicate online with friends, change TV stations, write texts, or do other marvelous cross-platform things. But I worry it won't matter, because the gaming world doesn't have a hardware ...
-
SAC Settlement Talks Off After Subpoena
Settlement talks between SAC Capital and the federal government, which could have led to a pact preventing criminal charges against founder Steven Cohen, are off after Cohen was issued a subpoena by prosecutors last week. That news may prompt outside investors in the embattled hedge fund, including the Blackstone Group, to accelerate yanking additional capital.As recently as May 13, SAC ...
-
Conn. Rail Commuters Told to Stay Home
Thousands of Connecticut commuters faced delays and crowded trains on Monday as Metro-North workers scrambled to repair damage on the United States' busiest rail line, caused by the collision of two trains. Connecticut Gov. Dannel Malloy said commuters should expect "serious disruptions" throughout the week and encouraged riders to stay home if possible. On Friday evening, a ...
-
WellCare down Tech Data up on Wall Street Video
May 20 (Bloomberg) -- Bloombergs Trish Regan, Adam Johnson and Matt Miller report on todays ten most important stocks including Activis, Red Hat and Yahoo. (Source: Bloomberg) It was a day of nominal losses and gains on Wall Street Monday. Tech Data (NASDAQ: TECD) had the highest gain with 1.31 percent. WellCare Health Plans (NYSE: WCG) had the largest loss, 1.48 percent. This comes after the ...
-
Microsofts Xbox 720 reveal Who what when where ...
The light is coming from Redmond, where on Tuesday Microsoft will "reveal" the third version of its Xbox in a high-voltage news conference that will broadcast around the world. Here's my viewer's guide to ...
-
MS Appoints Frenchman To Top Marketing Job
Marks & Spencer (M&S), Britain's biggest clothing retailer, is to appoint a Frenchman to spearhead its marketing strategy as it fights to turn around flagging clothing sales. I have learnt that the company, led by Dutchman Marc Bolland, will announce tomorrow the appointment of Patrick Bousquet-Chavanne, a former Estee Lauder executive, as its new marketing director. Mr ...
Orlando Focus
-
Some residents of Orlando unthrilled by new theme park plan
Tourism is essential to the economy of Orlando, to such an extent that The City Beautiful has become something of the capital city of amusement parks, not necessarily because of their number, but because of the calibre of amusement parks that are located within Orlando. A new theme park proposal for the city, however, has courted the ire of residents.
The three major amusement parks, or theme parks in Orlando are Walt Disney World Resort, SeaWorld Orlando and Universal Studios Orlando, all of which are massive in size and comprise of several different huge parks within themselves. Read more
News from around our Network
