Icahn Said to Weigh Yahoo Proxy Fight - New York Times
Tue, 13 May 2008 23:21:47 GMT
 Sabah | Icahn Said to Weigh Yahoo Proxy Fight New York Times - By ANDREW ROSS SORKIN Carl C. Icahn, the billionaire investor and activist shareholder, is considering a proxy fight for several seats on Yahoo’s board in hopes of pushing the company to restart talks to sell itself to Microsoft, people who have held ... Icahn seen considering a move on Yahoo board Yahoo Climbs on Reports Icahn May Challenge Board (Update2) |
Hewlett-Packard takes heat on EDS acquisition - MarketWatch
Tue, 13 May 2008 20:39:28 GMT
Hewlett-Packard takes heat on EDS acquisition MarketWatch - By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co.'s planned acquisition of Electronic Data Systems Corp. Hewlett-Packard shares decline after EDS deal HP taking aim on IBM with risky $13.2B acquisition of EDS |
Wild Oats acquisition hurt Whole Foods 2Q profit - Forbes
Tue, 13 May 2008 23:42:35 GMT
Wild Oats acquisition hurt Whole Foods 2Q profit Forbes - AP 05.13.08, 7:33 PM ET Whole Foods Market Inc. said Tuesday that sales surged in the second quarter but absorbing the Wild Oats chain it bought last year caused profit to sag by 13 percent. 2nd WSJ UPDATE: Whole Foods Net Falls; Economy May Be Issue Whole Foods Shares Fall on Second-Quarter Profit, Slowing Sales |
IAC/InterActiveCorp, Malone's Liberty End Legal Fight (Update2) - Bloomberg
Tue, 13 May 2008 22:28:42 GMT
 New York Times Blogs | IAC/InterActiveCorp, Malone's Liberty End Legal Fight (Update2) Bloomberg - By Jef Feeley and Andy Fixmer May 13 (Bloomberg) -- John Malone's Liberty Media Corp. dropped its legal fight to stop the five-way breakup of Barry Diller's IAC/InterActiveCorp after gaining additional board representation as part of a settlement. IAC, Liberty Media resolve legal dispute IAC and Liberty Resolve Spinoff Dispute |
Craigslist sues eBay, alleges corporate spy plan - Reuters
Tue, 13 May 2008 23:07:33 GMT
 BBC News | Craigslist sues eBay, alleges corporate spy plan Reuters - By Eric Auchard SAN FRANCISCO (Reuters) - Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay Inc (EBAY. Craigslist files countersuit against eBay Craigslist Fires Back At EBay |
FBI cites escalating US mortgage fraud problem - Reuters
Tue, 13 May 2008 22:02:55 GMT
 CBS News | FBI cites escalating US mortgage fraud problem Reuters - By James Vicini WASHINGTON, May 13 (Reuters) - Mortgage fraud is an escalating problem in the United States, the FBI said on Tuesday in a report that cited the subprime lending crisis as a key contributing factor. FBI warns of escalating mortgage fraud FBI: Beware of mortgage fraud |
Nissan Warns Profit Jump Is Fleeting - New York Times
Tue, 13 May 2008 23:21:47 GMT
 TopNews | Nissan Warns Profit Jump Is Fleeting New York Times - By AP TOKYO (AP) - Nissan became the latest major Japanese automaker to report booming earnings for the fiscal year that just ended, and it was also the latest to forecast a plunge in profit for the current year, blaming a rising yen and soaring ... Toyota mulling building new low-cost car plant Nissan profit up but forecasts plunge |
MBIA, Ambac Losses Elevate Aaa Concern, Moody's Says (Update3) - Bloomberg
Tue, 13 May 2008 22:22:46 GMT
 BBC News | MBIA, Ambac Losses Elevate Aaa Concern, Moody's Says (Update3) Bloomberg - By Christine Richard and Jody Shenn May 13 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc. had ``meaningfully'' higher losses on home-equity loans and collateralized debt obligations than anticipated, raising concern about their Aaa status, ... Bond Insurers' Ratings Questioned Ratings questions return at MBIA, Ambac |
Best Bets In Energy - Forbes
Tue, 13 May 2008 22:43:54 GMT
 The Money Times | Best Bets In Energy Forbes - As an ordinary individual investor, the opportunity presented by the continuing expectation of higher crude prices is just what we have been asserting all along. Oil closes higher after tapping a record near $127 Energy Sector Roundup: Iran Pushes Oil Near $127 |
Fed Officials Warn on Inflation, Say Markets Still Unsettled - Bloomberg
Tue, 13 May 2008 21:27:14 GMT
 Main Street Business Journal | Fed Officials Warn on Inflation, Say Markets Still Unsettled Bloomberg - By Scott Lanman May 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and fellow policy makers said today financial markets are still unsettled, while several officials said the central bank is challenged by unacceptably high inflation. SF Fed president expects lower inflation Follow The Fed Into Small Caps |
Fuel Costs Could Trim Summer Air Travel. A Bit. - Forbes
Tue, 13 May 2008 20:47:41 GMT
 ABC News | Fuel Costs Could Trim Summer Air Travel. A Bit. Forbes - Expecting long flight delays this summer? Not to worry--America's airports have got your back. While they can't promise to get you off the ground any faster, they can promise more fun while you wait. In the Air: Fewer Passengers, But No Relief Forecast calls for busy summer travel season |
Pilgrim's Pride Chickens Out - Forbes
Tue, 13 May 2008 23:56:42 GMT
Pilgrim's Pride Chickens Out Forbes - It's downright puritanical. Pilgrim's Pride, reeling from inflated grain prices, is selling stock to pay off its debts, hurting its current shareholders in the short run but setting them up for a more prosperous future. Pilgrim's Pride to sell 7.5 million shares Movers roundup: Electronic Arts, Pilgrims Pride |
Proxy firm adds name to fight over Exxon Mobil CEO - Houston Chronicle
Tue, 13 May 2008 23:16:26 GMT
 CNN | Proxy firm adds name to fight over Exxon Mobil CEO Houston Chronicle - By KRISTEN HAYS Another proxy advisory firm is recommending that Exxon Mobil Corp. shareholders vote to split the roles of chairman and CEO between two people. Rockefellers gain more fuel for Exxon change UPDATE 1-Glass Lewis backs Exxon CEO/Chmn split |
Barneys Chief Plans to Leave in June - New York Times
Tue, 13 May 2008 23:39:17 GMT
Barneys Chief Plans to Leave in June New York Times - By MICHAEL BARBARO and ERIC WILSON Barneys New York, the ultra-chic department store, confirmed on Tuesday that its chief executive, Howard Socol, intended to resign, leaving open a coveted job in the fashion world. Barneys Chief Will Resign Barneys chief executive Socol resigns |
Home prices continue sharp descent - CNNMoney.com
Tue, 13 May 2008 18:43:44 GMT
Home prices continue sharp descent CNNMoney.com - By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982. Existing home prices fell in Albany, nationally in 1Q Housing Prices Tumble in Two-Thirds of US Cities (Update3) |
Cubs sale might be delayed by Wrigley talks - Chicago Tribune
Tue, 13 May 2008 22:54:39 GMT
 MidwestBusiness.com | Cubs sale might be delayed by Wrigley talks Chicago Tribune - By Phil Rosenthal | Tribune media columnist Tribune Co. is indicating privately it might delay selling the Chicago Cubs if the inevitable need for costly repairs at Wrigley Field, the team's home for more than 90 years, discounts the bids it fields for ... Tribune rejects state's plan for Wrigley Field Tribune nixes deal to sell Wrigley Field to Illinois state agency |
Former UBS banker charged in tax evasion case - Houston Chronicle
Tue, 13 May 2008 23:36:44 GMT
Former UBS banker charged in tax evasion case Houston Chronicle - By CURT ANDERSON AP Writer © 2008 AP MIAMI - A former UBS executive was one of two European bankers charged by federal prosecutors on Tuesday for helping a billionaire real estate developer hide assets overseas and evade millions of dollars in US ... Banker Charged With Helping Billionaire Dodge Taxes Two Indicted in Tax-Evasion Case |
Abbott Poised To Take Over The Market - Forbes
Tue, 13 May 2008 21:09:30 GMT
Abbott Poised To Take Over The Market Forbes - Abbott Laboratories is poised to take over more of the market share for stents after reporting on Tuesday that its drug-coated stent outperformed competition in its latest trial. Abbott says Xience stent data tops rival Health Winners & Losers: Abbott |
Intercell Hopes To Pack Pipeline With Iomai - Forbes
Tue, 13 May 2008 23:16:48 GMT
 TechJournal South | Intercell Hopes To Pack Pipeline With Iomai Forbes - Intercell is planning to acquire the needle-free immunization developer, Iomai, for $189.0 million, or $6.60 a share, in hopes of becoming the international traveler's best friend with a new portfolio of vaccines for voyagers. Iomai to be bought by Austrian firm Intercell AG Cash-Strapped Iomai Jumps on $189M Buyout Bid by Intercell |
Corporate Express rebuffs sweetened Staples bid - BusinessWeek
Tue, 13 May 2008 21:00:18 GMT
 Earthtimes (press release) | Corporate Express rebuffs sweetened Staples bid BusinessWeek - By MARK JEWELL Hours after saying it was open to holding talks, Corporate Express NV said Tuesday a sweetened $2.47 billion hostile takeover bid from its larger office products rival Staples Inc. is still too low. Amsterdam shares close lower; Corporate Express, Crucell ... Staples raises bid for Corporate Express |