;)
May 26, 2011
Heinz's earnings rose 16%, getting a boost from higher prices, a weaker dollar and acquisitions. It also plans to close five factories and cut its work force by as much as 3%.
May 26, 2011
The Maple Group went hostile Wednesday with its $3.7 billion bid for TMX Group, the parent of the Toronto exchange, even as TMX and the London Stock Exchange set the date for their shareholders to vote on their proposed merger.
May 26, 2011
Deutsche Bank's failure to identify a successor to CEO Josef Ackermann is raising investors' ire and fueling concern that a drawn-out, behind-the-scenes battle over the top job will leave the giant German bank without a strong replacement.
May 26, 2011
Two of the company’s top executives spoke about the criticism levied against them and the challenges of doing business during the economic crisis.
May 26, 2011
The Treasury Department still maintains significant stakes in a few rescued companies like A.I.G. and G.M., and it hopes to avoid losing money on them.
May 26, 2011
A stream of key Hewlett-Packard executives are leaving as the new CEO, Leo Apotheker, reshapes the company. At the same time, Mr. Apotheker is bringing in new recruits and having more executives report directly to him.
May 25, 2011
May 25 (Bloomberg) -- Josh Bernoff, senior vice president of idea development at Forrester Research, discusses the outlook for social-media initial public offerings. Bernoff speaks with Margaret Brennan on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)
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May 25, 2011
The ZeroHedge blog looks at the best and worst picks from last year's Ira Sohn investment conference. Among the losers: David Einhorn's call to short Moody's, which is up nearly 80 percent.
May 25, 2011
Sen. Al Franken (D-Minn.) sent a letter to the chief executives of Apple and Google asking that their companies require app makers to have clear, understandable privacy policies.
Franken wrote that this move would be “a simple first step” to give users and others basic information about what an app can access and share.
At the very least, Franken said, there should be privacy policies for any location-aware applications that specify exactly what information is collected, how it’s collected and with whom the data are shared.
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May 25, 2011
AFP - The United States on Wednesday urged its G8 partners to help Egypt convert its debts into investments for jobs as part of efforts to boost the Arab nation's flagging economy and fledgling democracy.
May 25, 2011
Time Warner Cable is close to hiring Irene M. Esteves as its new CFO.
May 25, 2011
IAC CEO Gregory R. Blatt resigned following a shareholder vote to oust him, but the board reinstated him despite shareholder opinion.
May 25, 2011
The EU is working to create piracy laws that increase enforcement and modernize trademark rules.
May 25, 2011
May is set to be the busiest month for IPOs since November 2007.
May 25, 2011
The first round of NACD Board Leadership Fellows were recognized at this week's NACD Directorship Forum.
May 25, 2011
Avon Products is under investigation for alleged bribery of foreign officials.
May 25, 2011
AP - Exxon Mobil Corp. rode higher oil prices to a $30 billion profit last year. But shareholders at its annual meeting Wednesday are likely to ask pointed questions about its big push into natural gas.
May 25, 2011
May 25 (Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink received $23.8 million in salary and stock in 2010, which made him No. 1 in the Finance 50, Bloomberg Markets magazine's annual ranking of the best-paid CEOs at the largest U.S.-based financial companies by market capitalization. The ranking appears in the July issue of Bloomberg Markets. Matt Miller reports in today's Movers & Shakers. (Source: Bloomberg)
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May 25, 2011
Newsflash: Seniors like their single-payer health-care system. And other voters like the prospect of having the protection of a single-payer health-care system when they get older, too.
That, at least, is the main message out of New York's 26th district, where Democrat Kathy Hochul turned a special election in territory Republicans have held since 1960 into a referendum on the Ryan budget -- and won. The Republican theory, that voters would come to appreciate the specifics of the legislation once they recognized the courageous leadership the GOP had shown in endorsing it, failed. That's bad new for the House GOP, where all but four Republicans voted for the budget, and it puts Senate Republicans in a tough spot, as they're going to be asked to vote on the Ryan budget in the coming days. But the immediate policy question is what it means for the two Republicans sitting in the room with Joe Biden.
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