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Dollar firms as Fed suspense builds, shares off highs
ReutersLONDON (Reuters) - The dollar firmed, gold fell and shares slipped off five-year highs on Tuesday as investors postioned for an update on the future of the U.S. Federal Reserve's stimulus programme. A slowdown in British inflation sent sterling to a 7-...Tags: Easter, Central Bank, Mergers, Acquisitions and Takeovers, Defense, Economy, Business and Finance
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Europe stock rally at risk as economy stays weak
Reuters* Central bank cash fuels index gains despite weak data * Rally defies earning downgrades, nasty data surprises * Market tolerance seen unlikely to last past year-end By Simon Jessop LONDON, May 21 (Reuters) - Central bank cash may not be enough to...Tags: Central Bank, JPMorgan Chase & Co., HSBC Holdings plc, Economy, Business and Finance, Market and Exchange
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IT firm iGate sacks CEO over undisclosed relationship
ReutersMUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual...Tags: Economy, Business and Finance, Mumbai (India), Wipro Limited, Leveraged Buyouts, Computing and Information Technology Industry
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Apple skirts U.S. taxes, panel finds
WASHINGTON — Apple Inc., one of the most successful and valuable companies on the planet, will be tested Tuesday when Chief Executive Tim Cook testifies about the company's controversial tax practices before a hostile Senate subcommittee. Should...Tags: Economy, Business and Finance, Personal Income, Earnings, Taxation, Politics
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Yahoo's challenge to be building Tumblr's advertising business
SAN FRANCISCO — To punctuate his company's $1.1-billion purchase by Yahoo Inc., Tumblr co-founder and Chief Executive David Karp let loose in a blog post with a celebratory expletive. It was classic Karp, a 26-year-old high school dropout who...
Tags: Culture, Economy, Business and Finance, Marissa Mayer, Social Sciences, Yahoo! Inc.
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Mergers rare among startups and venture capitalists
The typical venture capital success story goes like this: Investor backs startup. Startup grows rapidly and either goes public, gets acquired or licenses its technology. Investor collects a healthy return. GrubHub and Seamless' plan to merge their...Tags: Mergers, Acquisitions and Takeovers, Initial Public Offerings, Economy, Business and Finance, Finance, Media Industry
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Bold move: Yahoo makes $1.1 billion bet on Tumblr, Internet whiz kid in bid to be hip again
AP Technology WriterSAN FRANCISCO (AP) — After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in...Tags: Culture, Mergers, Acquisitions and Takeovers, Economy, Business and Finance, Social Sciences, Yahoo! Inc.
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Yahoo buying Tumblr for $1.1 billion, vows not to screw it up
ReutersSAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The...Tags: Mergers, Acquisitions and Takeovers, Economy, Business and Finance, Marissa Mayer, Finance, Yahoo! Inc.
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Urban Outfitters sales miss Street estimates, shares fall
Reuters(Reuters) - Teen apparel retailer Urban Outfitters Inc's sales missed analysts' estimates even as reduced discounting helped shore up profit in the first quarter. Shares of the company fell as much as 4 percent to $42.77 in post-market trading on Monday....Tags: Economy, Business and Finance, Morningstar Incorporated, Aeropostale Inc., Earnings Forecasts, Weather Reports
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Southern Co replaces executives in wake of Kemper cost overrun
ReutersHOUSTON, May 20 (Reuters) - Southern Co's smallest utility unit, Mississippi Power, named a new president on Monday in response to pressure from state regulators concerned about cost overruns at a controversial coal-gasification plant under construction...Tags: Plant Openings, Economy, Business and Finance, Mining, Corporate Officers, Metal and Mineral
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Report: Apple avoided billions in U.S. taxes on foreign income
This post has been corrected. See the note at the bottom for details WASHINGTON -- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years,...
Tags: Economy, Business and Finance, Personal Income, Earnings, Politics, Microsoft Corporation
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READER SUBMITTED: Hartford Native A. Mark Zeffiro Named Executive Vice President And CFO Of TriMas Corporation
Greater HartfordTriMas Corporation (NASDAQ: TRS) - a diversified global manufacturer of engineered and applied products - is pleased to announce that A. Mark Zeffiro, TriMas' chief financial officer, has recently been promoted to executive vice president and chief...Tags: General Electric Company, Economy, Business and Finance, Corporate Officers, Finance, Stock Market
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
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May 20, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Chicago Tribune
May 20, 2013
|Story| AP Broadcast
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Hartford Courant
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