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Sony CEO says board mulling hedge fund boss Loeb's proposal to spin off entertainment business
AP Business WriterTOKYO (AP) — Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a...Tags: Sony Corp., Electronics, Economy, Business and Finance, Apple Inc., Corporate Officers
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Pfizer to spin off Zoetis stake to shareholders
Reuters(Reuters) - Pfizer Inc said on Wednesday it will spin off its majority stake in animal health business Zoetis Inc to shareholders by allowing them to swap Pfizer stock for Zoetis shares at a 7 percent discount. Pfizer, the largest U.S. drugmaker, sold...Tags: Goldman Sachs Group, Inc., Buyback, Shareholders, Spin out, Bank of America Corp.
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JPMorgan's Jamie Dimon survives vote to strip him of chairman role
NEW YORK – Jamie Dimon survived a bruising fight to strip him of his chairmanship, but directors at JPMorgan Chase & Co. may still have to calm restive shareholders. Dimon, JPMorgan's savvy chairman and chief executive, easily beat a proposal to...Tags: Public Employees, Annual and Special Corporate Meetings, Shareholders, Bank of America Corp., California Public Employees' Retirement System
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Elpida seeks U.S. court approval for sale to Micron
ReutersBy Tom Hals May 22 (Reuters) - Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday to enforce its reorganization plan sale to Micron Technologies Inc, a final step to creating the world's second-largest maker of memory chips....Tags: Computer Hardware, Computing and Information Technology Industry, Justice System, Semiconductors and Active Components, Judges
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Lawmakers grill Apple execs over tax strategy
WASHINGTON — Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's...
Tags: Republic of Ireland, Washington, DC, Corporate Officers, Apple Inc., Carl Levin
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Entertaining change: Sony to look at activist's spin-off idea
ReutersTOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value....Tags: Insurance, Buyback, Shareholders, Annual and Special Corporate Meetings, Electronics
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Hampton Roads, Economy, Business and Finance, Financially Distressed Companies, Bankruptcy, Sports
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Elkhart company to close
South Bend TribuneELKHART -- Two weeks ago, workers at SJC Industries learned the company had been sold to Allied Specialty Vehicles. On Monday they learned the company was moving to Florida and taking all of their jobs with it. SJC Industries filed notice that it will...Tags: Winter Park, Navistar International Corporation, Economy, Business and Finance, Corporate Officers, Vehicles
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PRESS DIGEST-Australian Business News - May 20
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Leighton Holdings will accelerate cost cutting initiatives to weather deteriorating...Tags: Target, Railway Industry, Corporate Officers, Australia, Estee Lauder Cos.
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EXCLUSIVE-Bangladesh factory banned by Wal-Mart still makes Wrangler shirts
ReutersBy Serajul Quadir and Rafiqur Rahman GAZIPUR, Bangladesh, May 20 (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel...Tags: Central Intelligence Agency, VF Corporation, Dhaka (Bangladesh), Services and Shopping, Career and Workplace
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Apple CEO Tim Cook to senators: 'We don't depend on tax gimmicks' [video chat]
WASHINGTON -- Apple CEO Tim Cook defended the company's tax avoidance strategies in an appearance Tuesday before the U.S. Senate’s Permanent Subcommittee on Investigations. Wearing a business suit, white shirt and powder blue tie, Cook read an...
Tags: Ron Johnson, Kelly Ayotte, Human Rights, John F. Kennedy, Economy, Business and Finance
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Business briefs - May 19
Potomac Bancshares Inc. CHARLES TOWN, W.Va. — Robert F. Baronner Jr., president and chief executive officer of Potomac Bancshares Inc., the one-bank holding company for Bank of Charles Town, announced its quarterly results for the period ending...Tags: Hagerstown (Washington, Maryland), Manitowoc Company Incorporated, Northwood, Earnings, Edgewood
May 22, 2013
|Story| AP Broadcast
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Los Angeles Times
May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
|Story| Daily Press
May 22, 2013
|Story| South Bend Tribune
May 19, 2013
|Story| Reuters
May 19, 2013
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May 21, 2013
|Story| Los Angeles Times
May 19, 2013
|Story| Herald Mail
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