Archive for May, 2014

BlackRock's Fink jolts ETF business with 'blow up' warning

May 31st, 2014

BlackRock's Fink jolts ETF business with 'blow up' warning
(Reuters) – BlackRock Inc Chief Executive Larry Fink this week dropped a stink bomb on a small corner of the $2.5 trillion global market for exchange-traded funds.


Source
Reuters: Money

REFILE-DEALTALK-Sterling purchase of the Clippers among top investments in memory

May 31st, 2014

REFILE-DEALTALK-Sterling purchase of the Clippers among top investments in memory
(Refiles to add dropped year in which Jobs died in fifth
paragraph)
Source
Reuters: Media

Regulators And Airlines Fight Over Fares, Fees And Fairness

May 31st, 2014

Regulators And Airlines Fight Over Fares, Fees And Fairness

So exactly how much are we paying for an airline ticket? Do you count the fares, the fees and taxes? The government wants airlines to be more up front with passengers about the total cost.

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Source
Business

Carl Icahn, Phil Mickelson in trading probe

May 31st, 2014

Carl Icahn, Phil Mickelson in trading probe
A wide-ranging insider-trading probe is examining stock trades by golfer Phil Mickelson, investor Carl Icahn and a well-known sports bettor, Billy Walters, law enforcement sources told CNN.
Source
Latest financial news – CNNMoney.com

With Beats, Apple Buys A Quick Start On Smart Headphones

May 31st, 2014

With Beats, Apple Buys A Quick Start On Smart Headphones

Apple purchased Beats By Dre this week, suggesting the company is looking at smart headphone technology — headphones that can sense what the body is doing.

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Source
Business

Adman Was King Of The One-Liners, But Knew Where To Draw The Line

May 31st, 2014

Adman Was King Of The One-Liners, But Knew Where To Draw The Line

David Abbott brought his signature brand of crisp, catchy copy-writing to ads for The Economist magazine and Volvo. Abbott passed away this month at age 75.

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Source
Business

RPT-DEALTALK-Sterling purchase of the Clippers among top investments in memory

May 31st, 2014

RPT-DEALTALK-Sterling purchase of the Clippers among top investments in memory
NEW YORK, May 30 (Reuters) – Donald Sterling, forced to sell
his National Basketball Association team after a lifetime ban
for making racist comments, is not going to be remembered as a
“visionary,” “icon” or “oracle” – terms attached over the years
to renowned business personalities such as Bill Gates, Steve
Jobs and Warren Buffett.
Source
Reuters: Media

Tech Week: C-E-Bros, Diversity Numbers And The Beats Deal

May 31st, 2014

Tech Week: C-E-Bros, Diversity Numbers And The Beats Deal

The Snapchat CEO’s fraternity-day emails surfaced, Apple made its biggest acquisition and Google disclosed the uneven gender breakdown of its staff. Take a look at the week’s top headlines in tech.

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Source
Business

U.S. investigating Icahn, Mickelson in insider trading probe:source

May 31st, 2014

U.S. investigating Icahn, Mickelson in insider trading probe:source

PGA: The Memorial TournamentBy Jennifer Ablan NEW YORK (Reuters) – The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said. Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, confirming a report by the Wall Street Journal on Friday. Icahn, Mickelson and Walters were not immediately available for comment. The investigation is the latest case to emerge from a multi-year crackdown on insider trading by U.S. authorities.

Source
Stock Markets News Headlines – Yahoo! News

Alibaba among companies looking to invest in AppNexus – WSJ

May 31st, 2014

Alibaba among companies looking to invest in AppNexus – WSJ

A man walks out of a building at Alibaba's headquarters on the outskirts of Hangzhou(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is one of several companies that are in talks to invest for a stake in U.S.-based advertising technology firm AppNexus, the Wall Street Journal said, citing sources familiar with the matter. The talks are in an advanced stage but there is no confirmation whether they would result in an investment, the Journal cited sources as saying. Last week, Technology publication The Information said Alibaba is looking to take stakes in several non-Chinese Web companies, citing an executive who was told about the company's recent U.S. plans.

Source
Stock Markets News Headlines – Yahoo! News