Markets await key decisions on interest rates and quantitative easing by the Bank of England and European Central Bank
Follow this link: Eurozone crisis live: decision day for Bank of England and ECB
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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Markets await key decisions on interest rates and quantitative easing by the Bank of England and European Central Bank
Follow this link: Eurozone crisis live: decision day for Bank of England and ECB
Category : Stocks, World News
Dan Simmons reports from Tokyo where several of Japan’s leading tech brands are working together on an 8,000 pixel wide display which is being called Super Hi-vision.
Excerpt from: VIDEO: Will 8K be the ultimate TV screen?
Category : Stocks
Third Point’s Dan Loeb, who successfully pushed Yahoo to make big changes, is now asking for Murphy Oil to restructure. Loeb also likes the prospects for AIG.
Read more here: Yahoo agitator Loeb picks his next target
Category : Stocks, World News
Apple-Samsung commentary: 1) Tristan Louis considers Apple a winner (strategy validated) and a loser (image could suffer). He also views startups (more exposed to software patent suits) and consumers as losers. 2) Jesus Diaz: “Apple’s court triumph will drive innovation, not stifle it,” as the industry works harder to differentiate. 3) Dan Rowinski: “Can anyone say that Samsung could win a case with a Californian jury in the shadow of Cupertino? Samsung never really stood a chance.”
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Category : Stocks
Dan Loeb and David Einhorn both loaded up on insurance stocks in the second quarter. But the sector has been mixed this year even though the Supreme Court upheld Obamacare.
See the original post here: Hedge funds bet on Obamacare
General Motors CEO Dan Akerson bought just over $500,000 in GM stock with his own money this week.
Continue reading here: GM CEO Akerson buys $500,000 in stock
Category : Stocks, World News
The FTC is probing Dan Loeb’s Yahoo (YHOO) purchases, sources tell Kara Swisher. One of the sources says the inquiry is related to the filing requirements of the Hart-Scott-Rodino antitrust act. The FTC has settled (.pdf) many such cases in the past, often for moderate fines. Loeb recently upped his stake in Yahoo to 6%.
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Category : Stocks
Theories abound on what an Amazon (AMZN) smartphone might yield. Ryan Kim thinks Amazon will target the 50% of U.S. mobile users who don’t own a smartphone, and might also try to be a virtual carrier offering cheap data. Adrian Kingsley-Hughes sees potential in offering a “dumbed-down Android experience.” Dan Rowinski suspects Amazon wants to increase the showroom effect. Others (I, II) see little reason for Amazon to enter a competitive market with many moving parts.
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Category : Stocks, World News
Embattled Yahoo (YHOO) CEO Scott Thompson will reportedly step down to be replaced temporarily by global media head Ross Levinsohn while Yahoo once again looks for a leader. And Yahoo’s five directors, who were set to step down in the summer, will leave the board immediately to make room for Dan Loeb’s Third Point nominees, with recently added director Fred Amoroso moving to board chair.
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See the original post here: Embattled Yahoo (YHOO) CEO Scott Thompson will reportedly step down to be replaced temporarily by global media head Ross Levinsohn while Yahoo once again looks for a leader. And Yahoo’s five directors, who were set to step down in the summer, will…