Friday May 24, 2013
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    German sportswear maker Puma issued a profit warning and posted a sharp drop in quarterly earnings it struggled to transform high-profile sponsorships into robust financial results.

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    When First Advantage Bancorp announced it was delisting from Nasdaq and moving to SecondMarket, a private exchange, equity holders scratched their heads.

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    Dell plans to report quarterly financial results on Thursday that are significantly lower than Wall Street expectations of profit, but higher-than-expected in revenue, according to a person briefed on the results.

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    “Even if you can’t really regulate ethics, the fact that more people are more closely scrutinizing board behavior encourages directors to be more responsible. But, there is no panacea, and I think we will continue to see abuses and excesses—but hopefully fewer.” – Standard & Poor’s Analyst Mary Driscoll

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    The German bank will try to raise 2.5 billion euros ($3.2 billion), to protect against future shocks and to help repay a 2009 government bailout.

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    The Federal Advisory Council warned that growth in student-loan debt has “parallels to the housing crisis.”

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    Turkish Airlines denied boardroom tensions but confirmed its CEO is planning to go on leave due to family health issues.

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    H&M, Inditex, C&A, and Primark committed to a five-year accord on Bangladeshi factory safety standards.

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    Twitter CEO Dick Costolo quit his position as a U.K. director of the company after TweetDeck was dissolved.

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    The Department of Homeland Security issued a cyberattack warning after a number of recent strikes, particularly on energy companies.

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    The 12th European Corporate Governance and Company Law Conference will focus on the recently published Action Plan on Company Law and Corporate Governance.

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    Dissident shareholders won votes or settled with boards in 23 cases this year, as of May 10, Factset’s Sharkwatch reports.

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    Elliott Management dropped its plan to pay bonuses to its nominees to the Hess board if the company’s shares outperform competitors.

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    Neiman Marcus Group is planning to reach out to a number of sovereign-wealth funds about a possible buyout.

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    North American oil production will dominate global supply growth over the next five years, the International Energy Agency forecasts.

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    Major U.S. stock markets are rising Tuesday on the back of a subdued inflation report and hedge fund manager David Tepper’s bullish comments about stocks. Click to view a price quote on ^DJI.    

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    It would be a mistake for Sony to dismiss the hedge fund manager Daniel S. Loeb out of hand: His proposal values Sony’s entertainment businesses at more than half the company’s current market capitalization.

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    If they are representative of things to come, Mark Zuckerberg’s recent moves could set off a death spiral at the once undisputed social media leader. Click to view a price quote on FB. Click to research the Internet industry.    

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    (Reuters) – The activist investor engaged in a proxy battle with Hess Corp has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday. Hedge fund Elliott Management Corp, which ow…

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    MUNICH (Reuters) – German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on Tuesday. BMW will start selling its Megacity electric veh…

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