Tuesday, May 7, 2013

07-May-2013 15:46

Barron's Thinks Investors Are Still Too Friendly Toward Facebook Shares - Forbes :: http://www.forbes.com/sites/abrambrown/2013/05/06/barrons-thinks-investors-are-still-too-friendly-toward-facebook-shares/

Commerzbank Posts Second Quarterly Loss on Staff Reductions - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/commerzbank-posts-second-straight-quarterly-loss-on-staff-cuts.html

GM Wins Approval to Build $1.3 Billion Cadillac Plant in China - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/gm-wins-approval-to-build-1-3-billion-cadillac-plant-in-china.html

UPDATE 2-HSBC profits nearly double as costs and bad debts fall - Reuters :: http://www.reuters.com/article/2013/05/07/hsbc-results-idUSL6N0DO1PY20130507

Portugal sells bonds, first since bailout - USA Today - USA TODAY :: http://www.usatoday.com/story/money/business/2013/05/07/portugal-bonds/2140587/

CoreLogic Home Price Index Continues Climbing - 24/7 Wall St. :: http://247wallst.com/2013/05/07/corelogic-home-price-index-continues-climbing/

Booze Giant Diageo To Get A New CEO After Veteran Chief Retires - Forbes :: http://www.forbes.com/sites/abrambrown/2013/05/07/booze-giant-diageo-to-get-a-new-ceo-after-veteran-chief-retires/

Hertz moving HQ from New Jersey to Florida - USA Today - USA TODAY :: http://www.usatoday.com/story/money/business/2013/05/07/hertz-headquarters-relocate-lee-county/2140561/

Fossil Shares Tick Higher After Increased Forecast And Strong Quarterly Profit - Forbes :: http://www.forbes.com/sites/abrambrown/2013/05/07/fossil-shares-tick-higher-after-increased-forecast-and-strong-quarterly-profit/

Bank of China shuts account with North Korea's Foreign Trade Bank - Financial Times :: http://www.ft.com/cms/s/0/a7154272-b702-11e2-a249-00144feabdc0.html

07-May-2013 14:45

Barron's: Facebook is worth more like $25 per share - Silicon Valley Business Journal :: http://www.bizjournals.com/sanjose/news/2013/05/06/barrons-facebook-is-worth-more-like.html

Diageo CEO Walsh Hands Over to Menezes After 13 Years at Top - Businessweek :: http://www.businessweek.com/news/2013-05-07/diageo-ceo-walsh-to-step-down-hand-reins-to-menezes-as-of-july

Failed austerity will lead to a smaller euro zone - MarketWatch :: http://www.marketwatch.com/story/failed-austerity-will-lead-to-a-smaller-euro-zone-2013-05-07

OfficeMax net surges on Boise Cascade; core halves - MarketWatch :: http://www.marketwatch.com/story/officemax-net-surges-on-boise-cascade-core-halves-2013-05-07

Bangladesh April exports up 10 pct on garment sales - Reuters :: http://www.reuters.com/article/2013/05/07/bangladesh-economy-exports-idUSL3N0DO2HU20130507

Commerzbank Slips To Loss In Q1 On Restructuring Charges - RTTNews - RTT News :: http://www.rttnews.com/2111300/commerzbank-slips-to-loss-in-q1-on-restructuring-charges.aspx?type%3Dts%26utm_source%3Dgoogle%26utm_campaign%3Dsitemap

Marketplace Fairness Act Passes The U.S. Senate [VIDEO] - K2 Radio - K2 Radio :: http://k2radio.com/marketplace-fairness-act-passes-the-u-s-senate-video/

UPDATE 2-HSBC profits nearly double as costs and bad debts fall - Reuters :: http://www.reuters.com/article/2013/05/07/hsbc-results-idUSL6N0DO1PY20130507

Bank of China shuts account with North Korea's Foreign Trade Bank - Financial Times :: http://www.ft.com/cms/s/0/a7154272-b702-11e2-a249-00144feabdc0.html

Wal-Mart regains top spot on Fortune 500 list - CBC.ca :: http://www.cbc.ca/news/business/story/2013/05/07/business-walmart-fortune-500.html

07-May-2013 13:44

Jeweler agrees to plead guilty in KPMG insider-trading case - Los Angeles Times :: http://www.latimes.com/business/la-fi-kpmg-shaw-20130507,0,7651442.story

Barron's: Facebook is worth more like $25 per share - Silicon Valley Business Journal :: http://www.bizjournals.com/sanjose/news/2013/05/06/barrons-facebook-is-worth-more-like.html

Analysis: Germany's Mfg Orders Rise For Second Month; 1Q +0.4% - MNI News :: http://mninews.deutsche-boerse.com/content/analysis-germanys-mfg-orders-rise-second-month-1q-04

Diageo CEO Walsh Hands Over to Menezes After 13 Years at Top - Businessweek :: http://www.businessweek.com/news/2013-05-07/diageo-ceo-walsh-to-step-down-hand-reins-to-menezes-as-of-july

John Doerr Takes On His Critics And Talks Up Kleiner's Prospects - Forbes :: http://www.forbes.com/sites/connieguglielmo/2013/05/07/john-doerr-takes-on-his-critics-and-talks-up-kleiners-prospects/

Portugal sells bonds for first time since bailout - Arizona Daily Sun - Arizona Daily Sun :: http://azdailysun.com/business/portugal-sells-bonds-for-first-time-since-bailout/article_8d1adff2-0458-56ca-be9f-a6dd426cfc99.html

HSBC Profit Almost Doubles as Impairments Decline With Costs - Businessweek :: http://www.businessweek.com/news/2013-05-07/hsbc-says-quarterly-profit-almost-doubles-on-cost-cutting-plan

Bangladesh April exports up 10 pct on garment sales - Reuters :: http://www.reuters.com/article/2013/05/07/bangladesh-economy-exports-idUSL3N0DO2HU20130507

Bank of China cuts off North Korea trade bank - Newsday - Newsday :: http://www.newsday.com/news/world/bank-of-china-cuts-off-north-korea-trade-bank-1.5212746

Our Take on the Day's Big FX News - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887323372504578468582234249600.html?mod%3Dgooglenews_wsj

07-May-2013 12:43

Jeweler agrees to plead guilty in KPMG insider-trading case - Los Angeles Times :: http://www.latimes.com/business/money/la-fi-mo-jeweler-agrees-to-plead-guilty-in-kpmg-insider-trading-case-20130506,0,210058.story

Munich Re First-Quarter Profit Jumps Led by Reinsurance Revenue - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/munich-re-first-quarter-profit-jumps-led-by-reinsurance-revenue.html

Restructuring Costs Push Commerzbank to Loss - Wall Street Journal :: http://stream.wsj.com/story/markets/SS-2-5/SS-2-227197/

Barron's: Facebook is worth more like $25 per share - Silicon Valley Business Journal :: http://www.bizjournals.com/sanjose/news/2013/05/06/barrons-facebook-is-worth-more-like.html

Hundreds of survivors protest as Bangladesh factory collapse death toll passes ... - Fox News :: http://www.foxnews.com/world/2013/05/07/hundreds-survivors-protest-as-bangladesh-factory-collapse-death-toll-passes-700/

Con-Way only Ann Arbor company on 2013 Fortune 500 list - AnnArbor.com :: http://www.annarbor.com/business-review/con-way-holds-the-torch-for-ann-arbor-on-2013-fortune-500-list/

BofA Settles 'Big Kahuna' Mortgage Lawsuit as Another Case Looms - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/bofa-settles-big-kahuna-mortgage-lawsuit-as-another-case-looms.html

Wait almost over for Diageo's chief executive in waiting - Financial Times :: http://www.ft.com/cms/s/0/e79f5866-b6fb-11e2-a249-00144feabdc0.html

China's Baidu expands online video business with $370M acquisition of PPS tech - Computerworld :: http://www.computerworld.com/s/article/9238961/China_s_Baidu_expands_online_video_business_with_370M_acquisition_of_PPS_tech?taxonomyId%3D86

HSBC Profit Rises as It Cuts Costs - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887323826804578468350929125238.html

07-May-2013 11:42

Texas energy companies top Fortune 500 list - Houston Chronicle :: http://www.chron.com/business/gallery/Texas-energy-companies-top-Fortune-500-list-61764.php

Munich Re First-Quarter Profit Jumps Led by Reinsurance Revenue - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/munich-re-first-quarter-profit-jumps-led-by-reinsurance-revenue.html

Senate Passes Online Sales Tax 69-27 But You Can Avoid It For Now - Forbes :: http://www.forbes.com/sites/robertwood/2013/05/07/senate-passes-online-sales-tax-69-27-but-you-can-avoid-it-for-now/

Restructuring Costs Push Commerzbank to Loss - Wall Street Journal :: http://stream.wsj.com/story/markets/SS-2-5/SS-2-227197/

Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video's ... - TechCrunch :: http://techcrunch.com/2013/05/07/baidu-confirms-370m-purchase-of-pps-underscoring-online-videos-importance-for-internet-companies-around-the-world/

Record $2.25B fine proposed for PG&E over pipeline blast - CBS News :: http://www.cbsnews.com/8301-201_162-57583164/record-$2.25b-fine-proposed-for-pg-e-over-pipeline-blast/

Bangladesh building collapse death toll passes 700 - USA Today - USA TODAY :: http://www.usatoday.com/story/news/world/2013/05/07/bangladesh-building-collapse-death-toll/2140451/

Barron's: Facebook is worth more like $25 per share - Silicon Valley Business Journal :: http://www.bizjournals.com/sanjose/news/2013/05/06/barrons-facebook-is-worth-more-like.html

HSBC first-quarter profits jump to $8.4bn as bad debts fall - Financial Times :: http://www.ft.com/cms/s/0/8a6168f0-b6ed-11e2-a249-00144feabdc0.html

Stocks to Watch: Bank of America, Disney, EA - TheStreet.com :: http://www.thestreet.com/story/11914195/1/stocks-to-watch-bank-of-america-disney-ea.html?cm_ven%3DGOOGLEN

07-May-2013 10:41

Yuan Falls as Beijing Cools Market - Wall Street Journal :: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-226672/

SF city attorney, Monster in legal fight over energy drinks - Los Angeles Times :: http://www.latimes.com/business/money/la-fi-mo-city-attorney-monster-caffeine-20130506,0,2714557.story

Munich Re First-Quarter Profit Jumps Led by Reinsurance Revenue - Bloomberg :: http://www.bloomberg.com/news/2013-05-07/munich-re-first-quarter-profit-jumps-led-by-reinsurance-revenue.html

Wal-Mart Reclaims No. 1 Spot On Fortune 500 List - WNCW :: http://wncw.org/post/wal-mart-reclaims-no-1-spot-fortune-500-list

Snapshot: Banks rally on a day that's mostly flat - Boston Globe :: http://www.bostonglobe.com/business/2013/05/06/stocks-are-little-changed-after-record-week/k8noarZx7qS4XEyehEtWSK/story.html

Baidu Buys Online Video Service - Wall Street Journal :: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-227154/

Diageo Names New Chief Executive - New York Times :: http://www.nytimes.com/2013/05/08/business/global/08iht-diageo08.html

Record $2.25B fine proposed for PG&E over pipeline blast - CBS News :: http://www.cbsnews.com/8301-201_162-57583164/record-$2.25b-fine-proposed-for-pg-e-over-pipeline-blast/

Bangladesh building collapse death toll passes 700 - USA Today - USA TODAY :: http://www.usatoday.com/story/news/world/2013/05/07/bangladesh-building-collapse-death-toll/2140451/

Commerzbank Posts Second Quarterly Loss on Staff Reductions (2) - Businessweek :: http://www.businessweek.com/news/2013-05-07/commerzbank-posts-second-straight-quarterly-loss-on-staff-cuts

07-May-2013 09:40

Commerzbank Posts Second Quarterly Loss on Staff Reductions (1) - Businessweek :: http://www.businessweek.com/news/2013-05-07/commerzbank-posts-second-straight-quarterly-loss-on-staff-cuts

Diageo turns to insider Menezes to replace CEO Walsh - Reuters :: http://www.reuters.com/article/2013/05/07/us-diageo-idUSBRE94607320130507

Officials say the death toll from garment building factory collapse in Bangladesh ... - Houston Chronicle :: http://www.chron.com/news/world/article/Officials-say-the-death-toll-from-garment-4493663.php

Low damage claims aid German reinsurer earnings - Reuters :: http://www.reuters.com/article/2013/05/07/us-germany-insurance-idUSBRE9450ZQ20130507

Wal-Mart Reclaims No. 1 Spot On Fortune 500 List - WNCW :: http://wncw.org/post/wal-mart-reclaims-no-1-spot-fortune-500-list

Yuan Falls as Beijing Cools Market - Wall Street Journal :: http://online.wsj.com/article/SB10001424127887323372504578466671171867396.html

Muphy hails Senate passageof Marketplace Fairness Act - ShorelinePlus.com :: http://www.shorelineplus.com/shplus/information/news/Business_21/Muphy-hails-Senate-passageof-Marketplace-Fairness-Act200472004720047.shtml

Snapshot: Banks rally on a day that's mostly flat - Boston Globe :: http://www.bostonglobe.com/business/2013/05/06/stocks-are-little-changed-after-record-week/k8noarZx7qS4XEyehEtWSK/story.html

Topix Recoups Losses From Lehman Crash on Weaker Yen, US Jobs - Businessweek :: http://www.businessweek.com/news/2013-05-06/japan-s-topix-index-advances-to-recover-losses-from-lehman-crash

Baidu Buys Online Video Service - Wall Street Journal :: http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-227154/