Yahoo! News: Business |
- Apple drags on S&P, Nasdaq; Dell jumps after report
- Insight: How SandRidge Energy's CEO adapted the Chesapeake playbook
- Dell shares surge on report it's in talks to go private
- Facebook shares rise in buildup to mystery event, earnings
- TNT slumps as UPS pulls bid on EU veto
- Citigroup emerging market chief Biglari to leave: memo
- Chinese companies retreat from U.S. listings as scrutiny mounts
- Emerging market instability top risk in 2013: Eurasia's Bremmer
- General Dynamics tells 139 workers of pending layoffs
- U.S. investigators studying battery from Boeing 787 fire
- Nissan lowers price of electric Leaf
- Toyota retakes global auto sales crown from GM
- Bernanke prods Congress to raise debt ceiling
- Stocks little changed on Wall Street; Apple slides
- Dell's stock soars on report of possible buyout
- Apple stock wilts on worries about iPhone demand
- Chicago-area RTA: United running 'sham' business
- Oracle says Java is fixed; feds maintain warning
- JPMorgan told to fix oversight tied to $6B loss
- UPS abandons $6.9 billion deal for TNT Express
Apple drags on S&P, Nasdaq; Dell jumps after report Posted: 14 Jan 2013 03:02 PM PST NEW YORK (Reuters) - The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments. Running counter to that was Dell Inc's stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the No. 3 personal computer maker is in talks with private equity firms to go private. Dell's gains offset some tech-sector weakness. Tech heavyweight Apple lost 3.6 percent to $501. ... |
Insight: How SandRidge Energy's CEO adapted the Chesapeake playbook Posted: 14 Jan 2013 10:09 AM PST (Reuters) - For 17 years, Tom Ward and Aubrey McClendon teamed up to build Chesapeake Energy Corp into the second-largest natural gas producer in the United States. The two Oklahoma City energy men were a study in contrasts. CEO McClendon was brash and aggressive; company president Ward came across as steady and soft-spoken. When Ward left in 2006 to start his own natural-gas company a few miles away, however, he borrowed from the Chesapeake playbook. At SandRidge Energy Inc, Ward adopted some of the same idiosyncratic business practices deployed by McClendon. ... |
Dell shares surge on report it's in talks to go private Posted: 14 Jan 2013 03:39 PM PST NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc is in talks with private equity firms on a potential buyout, two sources familiar with the matter told Reuters, confirming a Bloomberg report that sent its shares soaring 13 percent to near an eight-month high. The world's No. 3 PC maker is in talks with at least two private equity firms about going private and the discussions are preliminary as the financing has not yet been secured, said Bloomberg, citing two people with knowledge of the matter. ... |
Facebook shares rise in buildup to mystery event, earnings Posted: 14 Jan 2013 02:17 PM PST SAN FRANCISCO (Reuters) - Facebook Inc's stock opened on Monday above $32 for the first time since July as anticipation about upcoming products and financial results underscored Wall Street's renewed confidence in the online social network. Facebook will on Tuesday host its first major press event at its headquarters in Menlo Park, California, since its troubled initial public offering in May, triggering a guessing game among technology observers and online blogs about what it could unveil - everything from a smartphone to a search engine. "There's a lot of speculation. ... |
TNT slumps as UPS pulls bid on EU veto Posted: 14 Jan 2013 10:10 AM PST AMSTERDAM (Reuters) - UPS is dropping its $7 billion bid for Dutch delivery firm TNT Express after European anti-trust regulators said they would veto it, leaving TNT's future in doubt and almost halving the value of its shares. Shares in U.S.-based United Parcel Service Inc gained 1.2 percent on Monday after the world leader in the sector said in a statement that European Union officials told it the EU executive Commission would veto the deal. An EU source confirmed that and said the decision could be made public as early as next week. ... |
Citigroup emerging market chief Biglari to leave: memo Posted: 14 Jan 2013 01:49 PM PST NEW YORK (Reuters) - Hamid Biglari, a 12-year veteran of Citigroup who was most recently head of emerging markets, is leaving the company, according to a memo from new CEO Mike Corbat on Monday. Biglari, also a vice chairman and a member of the company's business development committee, will "explore other professional opportunities," according to the memo, which was seen by Reuters. Biglari is the latest senior executive to leave as Corbat realigns the company's chain of command. In October, Corbat was suddenly named CEO to replace Vikram Pandit, whom the board pushed out. ... |
Chinese companies retreat from U.S. listings as scrutiny mounts Posted: 14 Jan 2013 02:25 PM PST NEW YORK (Reuters) - Chinese companies are deserting U.S. stock markets in record numbers as regulatory scrutiny mounts and the advantages of a U.S. listing slip away. U.S. government investigations of suspect financial reports and battered share prices have for many Chinese companies wrecked the chances of raising new money in the United States and given them little reason so stay, China experts said. ... |
Emerging market instability top risk in 2013: Eurasia's Bremmer Posted: 14 Jan 2013 03:32 PM PST NEW YORK (Reuters) - Political instability in emerging markets, led by China, will be on of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group said on Monday. "I think that emerging markets in general, the level of political instability, is underpriced for 2013," Bremmer said at a Thomson Reuters Newsmaker event in New York. China, the world's second largest economy, is high on the lists of worries, he said, citing ongoing tensions with Japan and uncertainty about the investment atmosphere. ... |
General Dynamics tells 139 workers of pending layoffs Posted: 14 Jan 2013 03:28 PM PST WASHINGTON (Reuters) - General Dynamics Corp said on Monday it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March due to a reduction in the company's production of Stryker armored vehicles. General Dynamics issued notices to the workers under the federal Worker Adjustment and Retraining (WARN) Act, notifying them that the expected layoffs will kick in from March through April, said company spokesman Peter Keating. The company already laid off 98 people at the facility last year. ... |
U.S. investigators studying battery from Boeing 787 fire Posted: 14 Jan 2013 02:44 PM PST WASHINGTON (Reuters) - The U.S. transportation safety agency said on Monday it was analyzing the lithium-ion battery and burned wire bundles as part of its investigation of a fire aboard a Japan Airlines' Boeing 787 at Boston's Logan Airport last week. The National Transportation Safety Board said in a statement that its investigators plan to disassemble the battery this week after studying the internal condition of the battery via X-rays at an independent test facility over the weekend. ... |
Nissan lowers price of electric Leaf Posted: 14 Jan 2013 03:09 PM PST DETROIT (AP) — Nissan is lowering the price of its Leaf electric car to try to boost anemic sales. |
Toyota retakes global auto sales crown from GM Posted: 14 Jan 2013 02:59 PM PST |
Bernanke prods Congress to raise debt ceiling Posted: 14 Jan 2013 03:33 PM PST WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Monday that it's important that Congress raise the nation's borrowing limit before the Treasury runs out of maneuvering room to avoid a potential default on U.S. debt. |
Stocks little changed on Wall Street; Apple slides Posted: 14 Jan 2013 01:39 PM PST |
Dell's stock soars on report of possible buyout Posted: 14 Jan 2013 02:33 PM PST |
Apple stock wilts on worries about iPhone demand Posted: 14 Jan 2013 03:22 PM PST |
Chicago-area RTA: United running 'sham' business Posted: 14 Jan 2013 02:32 PM PST CHICAGO (AP) — The lawsuit filed against United Airlines, alleging that the company falsely claims to buy jet fuel in a rural Illinois community in order to skirt tens of millions of dollars in sales taxes, hinges on whether a transportation agency can prove the monumental purchasing task couldn't have been done from inside the airline's tiny office 70 miles from Chicago. |
Oracle says Java is fixed; feds maintain warning Posted: 14 Jan 2013 03:07 PM PST |
JPMorgan told to fix oversight tied to $6B loss Posted: 14 Jan 2013 02:21 PM PST WASHINGTON (AP) — JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion. |
UPS abandons $6.9 billion deal for TNT Express Posted: 14 Jan 2013 03:07 PM PST |
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