UPDATE 2-Take-Two to buy back all of Icahn shares; directors leave Reuters (Recasts first paragraph with Icahn's return on investment; adds analysts' quotes and details). By Sinead Carew and Malathi Nayak. NEW YORK/SAN FRANCISCO Nov 26 (Reuters) - Activist investor Carl Icahn will sell all his shares in Take-Two Interactive ... | |
Bayer in Talks to Buy Partner Algeta for $2.4 Billion Bloomberg Bayer AG (BAYN), Germany's largest drugmaker, is in "early stage" talks to acquire Norwegian partner Algeta ASA (ALGETA), whose prostate cancer medicine was approved for sale in the U.S. in May, for about $2.42 billion. Algeta received "a preliminary ... | |
Japan secrecy law stirs fear of limits on freedoms Businessweek TOKYO (AP) — A proposed state secrecy law in Japan that imposes stiffer penalties on bureaucrats who leak information — and journalists who seek it — is spurring a public outcry, with opponents blasting it as a heavy-handed effort to hide what the ... | |
Towboat sinks in river in Iowa, releasing oil Washington Post LECLAIRE, Iowa — The Coast Guard says a towboat sank in the Mississippi River near the Quad Cities-area community of LeClaire, releasing oil into the water. The Stephen L. Colby struck a submerged object Monday afternoon, which caused the vessel to ... | |
FAA to warn airlines of engine icing risk on Boeing 747-8s, Dreamliners Reuters (Reuters) - The U.S. Federal Aviation Administration (FAA) is set to direct airlines to avoid flying Boeing Co (BA.N) 787 Dreamliners and 747-8 jumbo jets with General Electric Co (GE.N) engines near thunderstorms after some planes experienced ice buildup ... | |
Consumer group warns of dangerous toys Chicago Tribune The cartoon pencil case and toy cellphone displayed at a news conference Tuesday might look like charming holiday gifts, but a consumer safety watchdog group warned that these and other playthings could pose risks to children. With Christmas less than a ... | |
Dow ends at record high; Nasdaq loses grip on 4000 Reuters NEW YORK (Reuters) - The Dow industrials eked out a slim gain on Monday to end at another record high, after the Nasdaq topped 4,000 for the first time in 13 years and then slipped to close below that level. Wal-Mart Stores Inc (WMT.N) shares rose 0.8 ... | |
European Stocks Rise on Iran Accord as Air France Climbs Bloomberg European stocks advanced, after posting their first weekly loss since October, as Iran agreed to limit its nuclear program. International Consolidated Airlines Group SA (IAG) and Air France-KLM (AF) Group rose with a gauge of travel stocks as oil prices fell ... | |
Intel Said to Be Asking $500 Million for Pay-TV Unit Bloomberg Intel Corp. (INTC) is asking about $500 million for OnCue, the online pay-TV service that the world's largest chipmaker developed before dialing back its ambitions, according to people with knowledge of the process. Intel is seeking to secure a sale by ... | |
RPT-Iran deal stirs wary optimism in Dubai trading hub Reuters ... Print. * Dubai is historic hub for Iran commerce. * Lower tensions should smooth business, trader says. * Payment problems hinder business. By Stephen Kalin. DUBAI, Nov 25 (Reuters) - The sheer complexity of the interim Iranian nuclear deal and the ... | |
One Bank Handout the Fed Should Keep Giving Bloomberg Many people who should know better have been confused by the Federal Reserve's decision to pay 0.25 percent in annual interest on reserves held on deposit by member banks. Robert Hall, a senior professor at Stanford, for example, argues that "an ... | |
Patrick Kane extends point streak in Blackhawks 5-1 win over Oilers CTV News EDMONTON -- Andrew Shaw had a pair of goals and Patrick Kane scored on the power play to extend his point scoring streak to 11 games as the Chicago Blackhawks defeated the Edmonton Oilers 5-1 on Monday. Jonathan Toews and Johnny Oduya also ... | |
Insight: A new wave of US mortgage trouble threatens Reuters (Reuters) - U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country's biggest banks. The loans are a problem now because an increasing ... | |
Remy Cointreau Sees 'Substantial' Decline in Profit Bloomberg Remy Cointreau SA (RCO), the maker of Remy Martin cognac, said it expects a "substantial" drop in annual profit as economic turmoil in Europe and a slowdown in China weigh on demand for its spirits. High levels of inventory in China and an "uncertain ... | |
Ex-SAC analyst takes stand in Steinberg's insider trading trial WHTC Michael Steinberg arrives at the Manhattan Federal Courthouse in New York, November 19, 2013. REUTERS/Brendan McDermid. By Nate Raymond. NEW YORK (Reuters) - The U.S. government's main witness in the insider trading case against Michael ... | |
Render Unto Caesar, but Who Backs the Bitcoin? New York Times Richard Branson accepts bitcoin as payment on flights on Virgin Galactic, which offers commercial spaceflights Reed Saxon/Associated Press Richard Branson accepts bitcoin as payment on flights on Virgin Galactic, which offers commercial spaceflights. | |
Cyber Monday Every Day as IPhone Users Shun Retail Stores Bloomberg David Paul Morris/Bloomberg. An employee loads a truck with boxes to be shipped at the Amazon.com Inc. distribution center in Phoenix, Arizona. Cyber Monday, billed as one of the busiest online-commerce days of the year, is spilling into the rest of the ... | |
Building Permits in US Jump to Five-Year High Businessweek Improvement in the housing market may continue as a pickup in employment offsets higher borrowing costs, rekindling demand for new homes as existing inventories remain tight. FurtherPhotographer: David Paul Morris/Bloomberg. More applications for ... | |
Amazon Workers in Germany Strike Wall Street Journal "It lies completely in Amazon's hands whether more strikes will take place in the upcoming Christmas season," said Ver.di representative Mechthild Middeke. The workers were striking because of wages and benefits. Enlarge Image. cat. Amazon employees ... | |
Radiation Cleanup at Park on Staten Island to Take Years New York Times The first sign that something was amiss at Great Kills Park, on Staten Island, came in 2005 when a police flyover of New York City detected a positive reading for radioactive material there. Connect With NYTMetro · Metro Twitter Logo. Follow us on Twitter and ... | |
Analysis: Men's Wearhouse alterations could backfire on retailer Reuters NEW YORK (Reuters) - If Men's Wearhouse Inc (MW.N) was hoping that activist shareholder Eminence Capital LLC was going to go away quietly after the retailer boosted its anti-takeover defenses, it's likely to be sorely disappointed. Although Jos. A. Bank ... | |
Nasdaq index briefly tops 4000 for first time in 13 years Los Angeles Times First came the Dow. Then the S&P 500. And now the Nasdaq is reaching a milestone. The technology-laden Nasdaq composite index briefly jumped above 4,000 on Monday, the first time it has hit that mark since the collapse of the dot-com bubble 13 years ... | |
Thanksgiving travel: Nine things you need to know to avoid trouble Los Angeles Times If you're traveling for the Thanksgiving holiday this week, here are nine things you need to know, whether you are driving or flying. — If you're flying east, get ready for trouble. On Sunday, ice/snow/slush played havoc in the Southwest (especially Dallas, ... | |
Earnings for Hewlett-Packard (HPQ) Expected to Fall Forbes Analysts expect decreased profit for Hewlett-Packard Hewlett-Packard when the company reports its fourth quarter results on Tuesday, November 26, 2013. Although Hewlett-Packard reported profit of $1.16 a year ago, the consensus estimate calls for ... | |
Tiffany's Holiday Season Expected to Sparkle TheStreet.com NEW YORK (TheStreet) -- Tiffany (TIF) reports it earnings on Tuesday and it looks as if investors have decided the numbers will sparkle. Analysts have raised estimates for the quarter by a penny a share and the short interest for the stock has plunged. | |
Bain Capital looks to sell Applied Systems: sources Reuters NEW YORK (Reuters) - Private equity firm Bain Capital LLC is in talks with other private equity firms to sell its insurance software provider Applied Systems Inc for more than $1 billion, three people familiar with the matter said on Monday. Negotiations over the ... | |
Loss Expected to Widen for Barnes & Noble (BKS) Forbes Barnes & Noble is expected to book a wider loss than a year ago when it reports second quarter earnings on Tuesday, November 26, 2013 with analysts expecting a loss of five cents per share, down from a loss of four cents per share a year ago. Analysts are ... | |
Warren Buffett, Goldman Sachs CEO in Detroit on Tuesday for small business ... Detroit Free Press The Oracle of Omaha Warren Buffett and Goldman Sachs CEO Lloyd Blankfein will be at Ford Field on Tuesday to announce a partnership that will add Detroit to a national funding program designed to spur small business growth. Goldman Sachs started the ... | |
Mass. single-family home sales rose 19 percent in Oct., the Warren Group says Boston.com October sales for Massachusetts single-family homes rose nearly 19 percent on a year-to-year comparison basis as 4,326 single-family homes were sold in the state last month, the Warren Group reported Tuesday. Timothy M. Warren Jr. Photo courtesy of the ... | |
Asian stocks trade sideways ahead of US holiday San Francisco Chronicle MANILA, Philippines (AP) — Asian stock markets mostly traded sideways Tuesday after a lull in Wall Street's record-breaking run ahead of a U.S. holiday. Japan's Nikkei 225 fell 0.5 percent to 15,546.26 while Hong Kong's Hang Seng added 0.2 percent to ... | |
Bosnians panic as sinkhole swallows village pond Westport-News In this Thursday, Nov. 21, 2013 photo, people gather around a huge sinkhole in the village of Sanica, Bosnia. Only weeks ago, the spot was a pond full of fish and floating green algae, lined with old willow and plum trees, and a grass field where cattle used to ... | |
Patient, cautious, multilateral: Obama breaks Iranian nuclear impasse The Globe and Mail There will be no triumphal flight to a U.S. aircraft carrier, no "Mission Accomplished" banner, and President Barack Obama's miserable approval ratings, currently mired in the mishandling of health care, may not budge much. But the breakthrough on Iran ... | |
Looming Deadline To Push More Traffic To Insurance Website WUNC The race is on to get the federal insurance website HealthCare.gov working smoothly by the end of November. And it's not just because that's what federal officials have promised. December could see a surge in demand for health insurance. "There is an ... | |
Winter storm and gas prices snarl travel Sarasota Herald-Tribune Cars slide in Albuquerque, N.M., after a winter storm hit the state over the weekend before heading east. The weather is expected to affect the Northeast today and Wednesday. Albuquerque Journal, Jim Thompson. Staff Report ... | |
Affordable Care Act Checkup: How are the unemployed affected? Rochester Democrat and Chronicle The Affordable Care Act will provide a safety net for unemployed workers, but problems with the rollout are discouraging potential beneficiaries from signing up. Loading… Post to Facebook. Affordable Care Act Checkup: How are the unemployed affected? on ... | |
BCBS Nebraska customers can keep existing individual health plans Omaha World-Herald Nebraskans with individual Blue Cross Blue Shield of Nebraska health insurance can delay most effects of the Affordable Care Act until 2015, if they want, under a decision announced Monday. That's a turnaround from the original plan by Blue Cross to place ... | |
IRS Urged by TIGTA to Fix Weaknesses in Its Systems Security Accountingweb.com The US Treasury Department implemented the Joint Audit Management Enterprise System (JAMES) for use by all bureaus, including the IRS, to track, monitor, and report the status of internal control audit results. The JAMES tracks specific information on ... | |
Portugal strikes, legal action bring fiscal risk The Sentinel The Portuguese government's woes are piling up as it battles to comply with austerity measures demanded by its 78 billion-euro ($105 billion) bailout. Amid a recent spate of strikes by labor groups and street protests against pay and pension cuts, Lisbon ferry ... | |
FDIC to Consolidate Northern Virginia Offices GovExec.com The Federal Deposit Insurance Corp. announced plans to bring 600 of its employees closer to its Arlington, Va., headquarters, taking advantage of a building steps away left vacant when the Defense Advanced Research Projects Agency moved to a new ... | |
News Review: Trina Solar Limited (ADR) (NYSE:TSL), ADT Corp(NYSE:ADT ... Market News Call Lakeway, NY — (MARKET NEWS CALL) — 11/25/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on ... | |
After Market: Biotechs Boost Nasdaq to Milestone 4000 Mark - Briefly DailyFinance Monday, it was the Nasdaq's turn to bask in the spotlight. After the Dow and the S&P 500 topped key levels last week, the Nasdaq moved above 4,000 for the first time in 13 years. But like the other indexes, its rally ran out of steam near the close. And despite ... | |
Spotlight on economy; Rising home prices, less homebuilding MarketWatch (blog) The housing market has clearly slowed over the past few months because of higher mortgage rates and home prices, and Tuesday could offer further confirmation of the trend. Two indexes that track home prices, Case-Shiller and FHFA, are expected to show ... | |
Tuesday preview: BoE's Carney provides evidence on Inflation Report IFA Magazine Bank of England (BoE) Governor Mark Carney will on Tuesday give evidence to MPs on the central bank's latest quarterly Inflation Report. In the Inflation Report, released earlier this month, the BoE said that higher borrowing costs would depend on various ... | |
3 Numbers to Watch: Italy sentiment, US house permits, home index TradingFloor.com Tuesday's another light day for Eurozone news other than the consumer confidence update for Italy. For the US, several reports are scheduled, including new data on housing permits and the S&P/Case-Shiller Home Price Index. In addition, keep in mind that ... | |
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