Saturday May 18, 2013
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    Boardroom News
    Cardiovascular Systems Subpoenaed in Stock Sale Investigation
    May 3, 2013

    Cardiovascular Systems received a federal subpoena for more information about $3.3 million stock sales by outside director John Friedman.

    ECB Cuts Main Rate
    May 3, 2013

    The European Central Bank cut its main interest rate to 0.50 percent, a new low.

    NACD Gathers Fortune 500 Committee Chairs for Advisory Council on Risk Oversight
    May 3, 2013

    One group needs to be assigned the responsibility of prioritizing and allocating risk issues, NACD's Advisory Council on Risk Oversight said this week.

    Glencore Woos Market
    May 3, 2013

    Glencore Xstrata began trading in London Friday, ranking as the world's fourth-biggest diversified mining company.

    Benmosche Triumphs as AIG Swings to P&C Underwriting Profit (Update 1)
    May 3, 2013

    With better pricing and a declining loss ratio, AIG reported a first-quarter underwriting profit and blew past the consensus EPS estimate. Click to view a price quote on AIG. Click to research the Insurance industry.    

    Berkshire Shares Hit New Record As Buffett’s Omaha Meeting Looms
    May 3, 2013

    Here's what to expect from Berkshire Hathaway's annual shareholder meeting. Click to view a price quote on AAPL. Click to research the Computer Hardware industry.    

    Berkshire Unlikely to Copy Apple’s Dividend Bonanza
    May 3, 2013

    Few investors expect Berkshire Hathaway to join Apple in paying a dividend. Click to view a price quote on AAPL. Click to research the Computer Hardware industry.    

    Stock Futures Jump After Jobs Report
    May 3, 2013

    NEW YORK (Reuters) - Stock futures shot up on Friday after data showed employment rose more than expected in April, pushing the unemployment rate down to 7.5 percent, which could help ease concerns of a sharp slowdown in the economy. S&P 500 future...

    Duke Energy Profit Below Expectations; Power Demand Weak
    May 3, 2013

    By Ernest Scheyder (Reuters) - Duke Energy Corp , the largest power provider in the United States, reported a lower-than-expected quarterly profit on Friday, citing weak electricity demand and higher costs at two key units. The company, which uses coal...

    Buffett Says He Won’t Sell Shares of IBM: CNBC
    May 3, 2013

    NEW YORK (Reuters) - Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month. "I won't be a seller of IBM," Buffett told ...

    JPMorgan Runs Afoul of Energy Authorities
    May 3, 2013

    Government investigators contend that JPMorgan Chase devised "manipulative schemes" that turned "money-losing power plants into powerful profit centers." | Douglas A. Kass, the skeptic invited to attend Berkshire Hathaway's annual meeting, said he...

    Analysis: New York Preserves Weapon Against Wall Street in Case of Ex-AIG Chief
    May 3, 2013

    By Karen Freifeld NEW YORK (Reuters) - When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office's power. New York's...

    Verizon Will Not Pay a Premium for Vodafone Stake: Analyst
    May 3, 2013

    LONDON (Reuters) - Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss Lo...

    5 Dumbest Things on Wall Street
    May 3, 2013

    Apple's CEO Committee, Adelson's auditor and more Herbalife hilarity highlight Gregg Greenberg's 5 Dumbest Things on Wall Street This Week. Click to view a price quote on CETV. Click to research the Media industry.    

    Man Group Faces Further Client Outflows
    May 3, 2013

    Clients continued to withdraw money from the Man Group, as the world’s largest publicly traded hedge fund announced plans to buy back almost $500 million of its own debt.

    Omaha Showdown: Buffett vs. Kass
    May 3, 2013

    Get the lowdown on what TheStreet's Doug Kass has done to prepare for his showdown with Berkshire's Warren Buffett and Charlie Munger. Lindsey Bell has more from Omaha. Click to view a price quote on BRK.A. Click to research the Insurance industry.&nbs...

    The Plan B Hypocrisy: Emergency Contraception Is Treated Like A Drug That Could Be Abused
    May 3, 2013

    One of the main objections I've heard against expanding over-the-counter access to Plan B, the morning after pill, is expressed here by Penny Nance, CEO and President of Concerned Women for America (CWA):
    “It makes no sense that kids need parental p...

    UBS Shareholders Back Pay Plan
    May 2, 2013

    UBS shareholders approved management's pay plan at its annual meeting as the lender sidestepped calls from an activist investor to split off its investment bank.

    SAC to Begin Clawing Back Compensation in Insider Trading Cases
    May 2, 2013

    SAC Capital Advisors plans to begin clawing back compensation for employees convicted of insider trading, as part of moves aimed at improving compliance within the hedge fund, according to a letter to investors.

    Handpicked Skeptic to Pitch Hardball Questions at Warren Buffett
    May 2, 2013

    Warren Buffett wanted tougher questions at this year’s shareholders’ meeting, so he chose a hedge fund founder who has bet against Berkshire.