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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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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...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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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...

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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...

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Best Buy Calls Founder’s Unsolicited Bid ‘Highly Conditional’ – Wall Street Journal

Category : Stocks

Wall Street Journal
Best Buy Calls Founder's Unsolicited Bid 'Highly Conditional'
Wall Street Journal
By JOAN E. SOLSMAN And SAABIRA CHAUDHURI Richard Schulze, the founder and former chairman of Best Buy Co., offered to buy the remaining shares of the big-box electronics retailer that he doesn't already own in a deal that values the company at up to
Best Buy Founder Offers $26 a Share to Buy RetailerBusinessweek
Best Buy founder offers to buy the company for $24 to $26 per share, take it Washington Post
Schulze's $8.8 Billion Best Buy Deal Has Icahn-like

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2 Big Tech Stocks, 2 Different Reactions To Earnings

Category : Business

James Rogers, editor at TheStreet, walks us through the earnings reports from Amazon and Facebook last night and their very different stock reactions today.

See the article here: 2 Big Tech Stocks, 2 Different Reactions To Earnings

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Georgia Bank Fails; 2012 Tally at 39

Category : Business, Stocks

NEW YORK (TheStreet) — State regulators late Friday afternoon closed Jasper Banking Co. of Jasper, Ga., bringing this year’s total number of bank failures to 39.

The failed bank was previously included in TheStreet’s Bank Watch List of undercapitalized institutions, based on regulatory data provided by Thomson Reuters Bank Insight.

Jasper Banking Co. had $216.7 million in total assets and $213.1 million in deposits. After being appointed receiver, the Federal Deposit Insurance Corp. sold the failed institution to Stearns Bank, NA, of St. Cloud, Minn. …

Follow this link: Georgia Bank Fails; 2012 Tally at 39

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Analysts’ Actions: ZNGA, CAT, SLB, MO, BA

Category : Business


Aerosonic downgraded to hold at TheStreet Ratings.

Barrett Business Services upgraded to buy at TheStreet Ratings. …

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Original post: Analysts’ Actions: ZNGA, CAT, SLB, MO, BA

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On Word: Manufacturing

Category : Stocks

NEW YORK (TheStreet) — No one really wants to invest in the next boom until it is well underway.

Instead, they keep looking at the wreckage of the last boom, waiting for a recovery there and ignoring the start of the new game until it’s obvious.

But financial engineering is done. Housing is done. Stop waiting around for yesterday, start looking around for tomorrow. …

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More: On Word: Manufacturing

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Apple Poll: Cook’s Doing a Great Job

Category : Stocks

NEW YORK (TheStreet) – Apple CEO Tim Cook has put in an impressive performance since taking over for his iconic predecessor, Steve Jobs, according to TheStreet’s readers.

Some 78% of respondents to TheStreet’s ongoing poll on the Apple chief say he is doing a great job, while just over 19% say that “the jury’s still out.” A mere 2.5% of readers say Cook has been a disappointment.

Previously Apple’s chief operating officer, Cook assumed the highest-profile job in Silicon Valley last August when Jobs stepped down as CEO. An acclaimed operations guru and key Apple insider, questions were nonetheless asked about Cook’s ability to drive the company’s innovation engine. …

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Read more from the original source: Apple Poll: Cook’s Doing a Great Job

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TI CFO: Economy No Real Cause For Concern

Category : Business, Stocks

DALLAS (TheStreet) — Texas Instruments Chief Financial Officer Kevin March says that investors should not be overly concerned about the uncertain macroeconomic environment, which weighed on the company’s second-quarter results this week.

“Concern, I think, is too strong a word,” he told TheStreet, during an interview. “What we have is an economy that’s growing, both domestically and internationally, but that’s growing at a slower pace than most people would prefer to see at this stage in the cycle.”

The CFO acknowledged the European headwinds identified by other tech heavyweights such as Intel, as well as a slight slowdown in China, but warned investors not to panic. …

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Continued here: TI CFO: Economy No Real Cause For Concern

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Target Joins Card Settlement Opposition (Update 1)

Category : Stocks

Updated to include a correction: A previous version of this story stated that Target had filed a separate lawsuit. It has not. TheStreet regrets the error.

NEW YORK (TheStreet) -Target Corp. joined groups including the National Association of Convenience Stores in opposing a proposed $7.25 billion settlement of a lawsuit brought by a large group of retailers against Visa, MasterCard and most of the largest U.S. banks.

“Target believes the proposed interchange fee settlement is bad for both retailers and consumers. The proposed settlement would perpetuate a broken system, restrict retailers from any future legal action and offer no long-term relief for retailers or consumers. In addition, Target has no interest in surcharging guests who use credit and debit cards in order to allow VISA and MasterCard to continue charging unfair fees. We will continue to explore our options while working toward a solution that represents true reform,” read a statement from the retailer. Target was not a named plaintiff in the lawsuit but would be impacted by the settlement. …

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Read this article: Target Joins Card Settlement Opposition (Update 1)

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Sell Wells Fargo! Against the Grain

Category : Stocks

Marek Fuchs, senior contributing analyst at TheStreet, warns traders away from a buy and hunch on Wells Fargo.

Go here to see the original: Sell Wells Fargo! Against the Grain

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Sleep Better, Reduce Volatility With These 3 Stocks

Category : Business

NEW YORK (TheStreet) — Volatility as measured by the CBOE Volatility Index may be getting ready to bottom out like we saw around March 16 and into early April of this year.

Take a look at the two-year chart and you can see how volatile the VIX can be and that it doesn’t stay down for very long.

Click to view a price quote on VIX.

Read more: Sleep Better, Reduce Volatility With These 3 Stocks

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