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Jumat, 01 Juli 2011

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Antitrust Regulator Makes Twitter Inquiries
Wall Street Journal
By AMIR EFRATI The Federal Trade Commission is reviewing Internet messaging-service Twitter Inc. and its interactions with at least one other company that builds programs using Twitter data, according to a person familiar with the matter. ...
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GLOBAL ECONOMY-Factory growth fades as new orders dry up
Reuters
By Jonathan Cable and Koh Gui Qing LONDON/BEIJING, July 1 (Reuters) - The global manufacturing sector, a key driver of economic growth, lost steam for a second month running as monetary policy tightening began to bite, surveys showed on Friday. ...
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Apple and Microsoft Beat Google for Nortel Patents
New York Times
By CHRIS V. NICHOLSON Nortel Networks, the defunct Canadian telecommunications equipment maker, said that it had agreed to sell more than 6000 patent assets to a consortium made up of Apple, Microsoft and other technology giants for $4.5 billion in ...
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Lockheed Promises Electric-Grid Security for $1.3 Billion Market
Bloomberg
By Brian Wingfield - Thu Jun 30 04:00:02 GMT 2011 Utilities are working with contractors such as Lockheed Martin to improve cybersecurity of their electric power networks. Source: Lockheed Martin Steam pipes inside the American Electric Power's (AEP) ...
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* UBS nominates Axel Weber to board of directors
Reuters
By Martin de Sa'Pinto and Caroline Copley ZURICH, July 1 (Reuters) - Swiss bank UBS on Friday named former Bundesbank president Axel Weber as its next chairman in a surprise move that robbed rival Deutsche Bank (DBKGn.DE) of a top candidate to succeed ...
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Relief ahead on food prices?
DesMoinesRegister.com
A US Department of Agriculture report showing a 5 percent increase in corn acres shows that farmers have responded to higher corn prices, and that means consumers may see increases in food costs stopped, traders said Thursday. ...
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Reports: China Investigating Offshore Oil Spills
ABC News
The spills were in the Bohai Penglai 19-3 oil field in Bohai Bay off the northeast coast, said reports in the Southern Weekend and other newspapers. The field is a joint venture between China National Offshore Oil Corp. and ConocoPhillips China. ...
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Confidence Among Japanese Companies Slumps After Quake
New York Times
By BETTINA WASSENER HONG KONG — The devastating earthquake that struck Japan in March punctured business confidence in Japan during the second quarter, a closely-watched survey showed Friday, but a post-quake recovery is starting to gather steam, ...
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Direct Brands to buy Borders Group for $215M
Detroit Free Press
BY GRETA GUEST Direct Brands plans to buy Borders Group, the nation's second-largest bookseller, out of bankruptcy for $215 million. The Ann Arbor bookseller said late Thursday it has an asset purchase agreement with Direct Brands, ...
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Macau's gaming revenue soars
Reuters
By Farah Master HONG KONG (Reuters) - Macau, the world's largest gambling market, posted an annual 52.4 percent rise in gaming revenue in June to 20.8 billion patacas ($2.6 billion), the Macau government said on Friday, signaling a ravenous gambling ...
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Samsung Electronics: Chip Market To Remain Weak In 2H
Wall Street Journal
(Recast lead, chip industry background in 5th paragraph, Hynix's CFO comment in 6th paragraph, and analysts' comments in 7th-8th paragraphs.) By Jung-Ah Lee SEOUL (Dow Jones)--Samsung Electronics Co. (005930.SE) said Friday the global memory chip ...
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Cuomo Will Seek to Lift Ban on Hydraulic Fracturing
New York Times
By DANNY HAKIM and NICHOLAS CONFESSORE The Cuomo administration is seeking to lift what has effectively been a moratorium in New York State on hydraulic fracturing, a controversial technique used to extract natural gas from shale, state environmental ...
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European Unemployment Remained Steady for Third Month in May
Bloomberg
By Simone Meier - Fri Jul 01 09:00:00 GMT 2011 European unemployment remained steady for a third month in May as governments struggled to contain the region's debt crisis and the recovery showed signs of cooling. The 17-nation euro region's seasonally ...
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Constellation 1Q Profit Jumps 52% On Lower Costs
Wall Street Journal
(Updates with further details of projected cost-savings in second paragraph, comments from CEO interview in fourth paragraph, fresh stock quote in final paragraph.) By Melissa Korn NEW YORK (Dow Jones)--Constellation Brands Inc.'s (STZ) reported a 52% ...
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RIM Bows to Governance Critic
Wall Street Journal
By CHIP CUMMINS And PHRED DVORAK TORONTO—Research In Motion Ltd., bowing to criticism of its corporate governance by a small, activist investor, said Thursday that it will establish a committee of independent directors to study whether its two chief ...
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Swiss Franc Depreciates as Haven Bets Unwind; Euro Is Set for Weekly Gain
Bloomberg
By Lucy Meakin - Fri Jul 01 09:24:39 GMT 2011 The Swiss franc weakened against 16 major peers tracked by Bloomberg as investors sought higher- yielding currencies amid confidence policy makers and bankers have staved off a Greek default. ...
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Vodafone to sell Polish Polkomtel stake
AFP
LONDON — British mobile phone giant Vodafone said on Friday that it was selling its stake in Polkomtel as part of a shareholder agreement to sell the Polish telecoms group to local business mogul Zygmunt Solorz-Zak. "Vodafone today agreed to sell its ...
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AFP
McCormick 2Q Profit, Sales Up 11%; Cuts Full-Year View
Wall Street Journal
McCormick & Co.'s (MKC) fiscal second-quarter profit climbed 11%, helped by price increases and cost cuts and topping expectations. However, citing transaction costs of a recent acquisition and joint venture agreement, the spice maker lowered its ...
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Small truckers: Hit the brakes on 'little black box' proposal
Kansas City Business Journal
A regulatory proposal by the US Department of Transportation 's Federal Motor Carrier Safety Administration would require commercial trucking companies to install electronic on-board recorders to monitor the number of hours a driver is on the road. ...
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Japan's Hoya: to sell Pentax camera business to Ricoh
Reuters
By Mariko Katsumura and Kentaro Hamada TOKYO, July 1 (Reuters) - Japanese optical glass-maker Hoya said on Friday it would sell its Pentax camera business to copier and printer maker Ricoh , in a deal the Nikkei business daily said was worth about 10 ...
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HSBC's Libya links questioned after second leak
Telegraph.co.uk
The leak of a second document from the Libyan Investment Authority has again raised questions about HSBC's links with the North African country's regime. A document showing the holdings of the Libyan Investment Authority revealed the regime deposited ...
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Telegraph.co.uk
Tax Cap Will Impact School Budgets
Patch.com
By Ryan Buncher and Lizzie Hedrick | Email the authors | 6:00am Governor Andrew Cuomo faced homeowners who pay some of the highest taxes in the state when he signed his property tax cap legislation in Pleasantville Thursday. The legislation states that ...
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Farkas gets 30 years for Taylor Bean fraud
Bizjournals.com
Lee B. Farkas, former chairman of Florida-based Taylor Bean & Whitaker , received a prison sentence of 30 years on Thursday for his role in orchestrating a $3 billion fraud that helped bring down Alabama's Colonial Bank . According to the Associated ...
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Ahead of the Bell: ISM Manufacturing Index
MSN Money
WASHINGTON (AP) - The US manufacturing sector likely expanded last month at the slowest pace in nearly two years and just after the recession ended. Economists expect the Institute for Supply Management's index of manufacturing activity fell to 52 in ...
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Tokyo Shares End Higher As Fanuc Lifted By BOJ Tankan Survey
Wall Street Journal
By Kana Inagaki Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--Tokyo stocks rose Friday for the fourth consecutive session, with shares of Japanese manufacturers led by Fanuc lifted by a firmer-than-expected capital spending outlook in the Bank of Japan's ...
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Ex-Lawyer Gets 2½-Year Term in Insider-Trading Probe
Wall Street Journal
By CHAD BRAY NEW YORK—A former patent lawyer was sentenced to 2½ years in prison Thursday after pleading guilty to criminal charges as part of a broad probe into insider trading on Wall Street. Arthur Cutillo, a former lawyer with Ropes & Gray LLP, ...
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Oshkosh Says Carl Icahn Buys Its 9.5% Stake
RTT News
(RTTNews) - Shares of Oshkosh Corp. (OSK: News ) climbed around 8 percent in the after-hours trading on Thursday, after billionaire investor Carl Icahn and related persons acquired 9.5 percent stake in the vehicle maker. Oshkosh in a statement noted ...
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Apollo New-Student Enrollment Continues Quarterly Decline
Bloomberg
By John Lauerman - Thu Jun 30 23:54:48 GMT 2011 June 30 (Bloomberg) -- Apollo Group Inc. (APOL), operator of the University of Phoenix and the biggest US for-profit college, said the number of students signing up for degree programs fell as the company ...
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Editorial | Profits over lives
Louisville Courier-Journal
Of all the dangerous practices that coal operators have engaged in, it would be hard to imagine any more despicable than keeping a false set of records on safety conditions to mislead mining inspectors. Yet, that is precisely what federal investigators ...
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Stocks: Investors pause after 4-day rally
CNNMoney
By CNNMoney staff July 1, 2011: 6:27 AM ET NEW YORK (CNNMoney) -- US stocks were set for a quiet open Friday, following a week of strong gains, as investors awaited reports on manufacturing and consumer sentiment. Dow Jones industrial average (INDU), ...
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