Aug 13, 2013

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Icahn says bigger buybacks can drive Apple shares to $700 Reuters
By Edwin Chan and Jennifer Ablan. SAN FRANCISCO/NEW YORK | Tue Aug 13, 2013 7:26pm EDT. SAN FRANCISCO/NEW YORK (Reuters) - Activist investor Carl Icahn said he has amassed a "large position" in Apple Inc and believes the stock could be ...
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Herbalife said it discovered, destroyed contaminated product in 2011 Los Angeles Times
Herbalife Ltd. said it destroyed some of its Formula 1 meal replacement shake mix in 2011 after finding metal in the product. The Los Angeles nutritional products company said it followed Food and Drug Administration guidance in dealing with the ...
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Dollar holds gains into Asia, Tokyo stocks rise Reuters
By Lisa Twaronite. TOKYO | Tue Aug 13, 2013 8:47pm EDT. TOKYO (Reuters) - The dollar held a stronger tone into Asian trade on Wednesday after U.S. retail sales reinforced expectations the U.S. Federal Reserve could soon start paring its monetary ...
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Pepsi Outbids Coca-Cola For City University Deal New York Times
The City University of New York, no stranger to campus skirmishes, has now taken a stance in the cola wars: "no Coke, Pepsi." Connect With NYTMetro · Metro Twitter Logo. Follow us on Twitter and like us on Facebook for news and conversation. Amid a ...
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Prospect of Steinway bidding war emerges USA TODAY
An unnamed investment firm has offered to buy Steinway, the musical instruments company, for $38 a share, topping Kohlberg's earlier bid by $3 a share, Steinway says. Steinway piano. A Steinway Concert Grand Piano sits in the showroom at Steinway Hall ...
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Nikkei leads Asian stocks higher as yen weakens CNBC.com
Asian equity markets rose on Tuesday with Japan's benchmark index leading gains by 2 percent as the yen weakened on news of corporate tax cuts. Japan's benchmark Nikkei index hit a three-day high, Australia's S&P ASX 200 rose to it's highest level in ...
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JPMorgan Chase's list of legal challenges Businessweek
NEW YORK (AP) — The London Whale trading loss is JPMorgan Chase's legal headache-of-the-week, but it's hardly its only problem. The bank, the nation's biggest, faces a swirl of investigations and lawsuits in addition to the $6 billion loss with the ...
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Senate Pressure on Fed Pick Irks White House Wall Street Journal
Surprised and irritated to see Senate Democrats touting a preferred candidate for Federal Reserve chairman, White House officials have moved behind the scenes to quash the campaign and are insisting President Barack Obama not be pressured as he ...
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Blackstone bolsters apartments portfolio Financial Times
Blackstone Group has agreed to buy into a portfolio of 80 apartment buildings in a deal with GE Capital, the latest sign the private equity group is betting on a shift towards rental property in the US. The deal valuing the portfolio at about $2.7bn will give ...
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Beijing's bizarre apartment-top villa faces demolition Fox News
BEIJING – A medicine mogul spent six years building his own private mountain peak and luxury villa atop a high-rise apartment block in China's capital, earning the unofficial title of "most outrageous illegal structure." Now, authorities are giving him 15 days to ...
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