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  • Telefónica seeks O2 engagement

    Telefónica seeks O2 engagement

    January 21, 2015 Harry Joiner
    Concerns rise about owning a shrinking mobile-only business as rivals bolster broadband and TV Source: Companies
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    January 21, 2015Telefónica seeks O2 engagement
    Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?

    Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?

    January 21, 2015 Harry Joiner
    In at least three previous State of the Union speeches, President Barack Obama placed great emphasis on his "all of the above" energy strategy — one that includes both aggressive pursuit of…
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    January 21, 2015Obama Seeks to Burnish His Climate Legacy, But Will His Oil and Gas Policies Haunt Him?
    Windows 10's Cortana: A Solution Without A Problem?

    Windows 10's Cortana: A Solution Without A Problem?

    January 21, 2015 Harry Joiner
    A large focus of Microsoft's press event today other than high-concept holograms and Windows 10 itself was the personification of the OS, Cortana. We've seen the Halo-themed AI (complete with original…
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    January 21, 2015Windows 10's Cortana: A Solution Without A Problem?
    Microsoft Augments Reality With Windows Holographic

    Microsoft Augments Reality With Windows Holographic

    January 21, 2015 Harry Joiner
    Microsoft debuted its new augmented reality tech at the Windows 10 live event today. Source: Technology
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    January 21, 2015Microsoft Augments Reality With Windows Holographic
    With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

    With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

    January 21, 2015 Harry Joiner
    Xbox One users are gaining the ability to stream any Xbox One game to an in-network tablet or PC running Windows 10. Source: Technology
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    January 21, 2015With Windows 10 You Can Stream Any Xbox One Game To Your PC Or Tablet

Week in Review, August 15

August 15, 2014 by Harry Joiner - Add Comment
Featuring cybersecurity, China probe, Serco, Kinder Morgan and RBS Source: Companies
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Austria’s Signa buys Karstadt for €1

August 15, 2014 by Harry Joiner - Add Comment
Move ends weeks of speculation over the lossmaking German company, which employs 17,000 people, following the July departure of its chief executive Source: Companies
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How Berkshire Hathaway Soared to $200,000 a Share

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Value Investing, Wall Street Watch, Warren Buffett, Investing Nati Harnik/AP There are all sorts of exclusive clubs on Wall Street — and then there’s Warren Buffett’s Berkshire Hathaway (BRK-A). On Thursday, it became the only member of the $200,000-a-share club. That’s right: A single share of its Class A stock is trading for more than [...]
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FedEx Indicted on New Charges in Online Pharmacy Case

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Consumer Goods, Internet, Transportation & Logistics, Scandals and Lawsuits, Investing Charlie Riedel/AP By Dan Levine SAN FRANCISCO — FedEx faces a new charge of conspiring to launder money in a U.S. criminal case over the company’s drug deliveries for rogue online pharmacies despite warnings from law enforcement. The latest indictment, filed in court Friday, said FedEx accepted payment from several pharmacies when it [...]
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Airlines Squeezing Even More Seats Onto Smaller Planes

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Industry News, Transportation & Logistics, Travel Industry, Investing Jack Sullivan/Alamy When it comes to air travel these days, you can have easy access to the flights you want. You can have cheap tickets. Or you can have elbow room. Pick two. If you want tickets available when you want them, and you also want a comfortable flight when going there, you’ll [...]
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Robust Factory Output Boosts U.S. Economic Outlook

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Economic Indicators, Inflation, Investing LM Otero/APSUVs rolling off the assembly line at a General Motors auto plant in Arlington, Texas. By Lucia Mutikani WASHINGTON — U.S. manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter. While other data Friday showed some cooling in factory activity in New York state this month, economists said [...]
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7 Reasons Buffett May Sit on Berkshire's $55 Billion in Cash

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Mergers & Acquisitions, Value Investing, Warren Buffett, Investing Bill Pugliano/Getty Images With the recent revelation that Warren Buffett’s firm, Berkshire Hathaway, is sitting on a $55 billion pile of cash, financial analysts, pundits and talking heads have had a field day theorizing what the Oracle of Omaha will do with it. However, there are seven reasons that he might not do [...]
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Pizza and Pasta IPOs Aren't Making Investors Much Dough

August 15, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Industry News, Restaurants, IPOs, Investing Nicholas Eckhart/Flickr A lot of restaurant stocks have gone public over the past year and change. Investors have been hungry for consumer-facing companies they know, and underwriters have been chasing growing eateries to go public. The aftermath hasn’t always been pretty, with many of the recent debutantes either trading below their initial IPO prices or well off their earlier [...]
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UPDATE 2-Brazil's Caixa says wins approval to book hybrid debt as capital

August 14, 2014 by Harry Joiner - Add Comment
SAO PAULO, Aug 14 (Reuters) – State-run Caixa Econômica Federal SA won approval from Brazil’s central bank to book 28 billion reais ($12.4 billion) in hybrid securities as common equity, a move that should help allay capital concerns at the nation’s No. 1 mortgage lender. Source: Financials
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Argentina debt talks collapsed over price, guarantees

August 14, 2014 by Harry Joiner - Add Comment
NEW YORK, Aug 14 (IFR) – Argentine debt talks collapsed due to disagreements over the price of its bonds and the absence of a government guarantee to honor payments on them, sources close to the discussions said. Source: Financials
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UPDATE 2-Electrolux in talks to buy GE's appliances business

August 14, 2014 by Harry Joiner - Add Comment
* GE in talks with Electrolux and other parties – sources (Adds background, analyst comment) Source: Financials
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Lawsuit alleges JPMorgan mismanaged church trust, boosted fees

August 14, 2014 by Harry Joiner - Add Comment
Aug 14 (Reuters) – An Indianapolis church has alleged that JPMorgan Chase & Co mismanaged trust accounts held for its benefit by investing in high cost, risky investments that advanced the firms’ interests over its own, according to a lawsuit filed in Indianapolis federal court late on Wednesday. Source: Financials
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Bond insurer claims fraud in Detroit pension debt lawsuit

August 14, 2014 by Harry Joiner - Add Comment
Aug 14 (Reuters) – A bond insurance company fired back at Detroit’s attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was “fraudulently” led to guarantee payments on the debt. Source: Financials
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Goldman seeks investors for chat service

August 14, 2014 by Harry Joiner - Add Comment
Bank seeks collaborators for new online messaging service Source: Companies
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Ask.fm added to Diller’s digital stable

August 14, 2014 by Harry Joiner - Add Comment
Deal expands media mogul’s collection of digital brands, including dating sites Match.com and Tinder as well as The Daily Beast news site Source: Companies
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US watchdog infighting delays bank bonus curb

August 14, 2014 by Harry Joiner - Add Comment
Advocates of compensation rule say it is needed to prevent another crisis because it will punish bank executives if they put their companies at risk Source: Companies
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Rosneft asks Moscow for $42bn

August 14, 2014 by Harry Joiner - Add Comment
Russia to consider request from Igor Sechin, the powerful head of the energy group, to offset the impact of western restrictions against state-owned company Source: Companies
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Buffett’s $200,000 shares priced for elite

August 14, 2014 by Harry Joiner - Add Comment
Berkshire Hathaway shares change hands above $200,000 for the first time, as the founder refuses a stock split, making it the highest priced shares in New York trading Source: Companies
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The Samsung TV that is sharp and shapely

August 14, 2014 by Harry Joiner - Add Comment
The HU9000 boasts a curved screen and ultra-high-definition viewing, but customers have to pay a lot for the privilege Source: Management
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When the building becomes a billboard

August 14, 2014 by Harry Joiner - Add Comment
On London’s tourist trail, a new Vans-sponsored skate part joins an M&M’s ‘cathedral’ as brands benefit from bricks and mortar marketing Source: Management
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Confessions of a music curator

August 14, 2014 by Harry Joiner - Add Comment
Companies such as Deezer and Spotify have provided new opportunities for former music journalists, bloggers, A&R talent scouts and other ‘tastemakers’ Source: Management
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SeaWorld Is Sinking, and Cost-Cutting Is Not the Solution

August 14, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Earnings, Industry News, Travel Industry, Investing www.seaworld.com SeaWorld Entertainment (SEAS) can’t seem to catch a break. Shares of the marine life theme park operator were gutted on Wednesday after posting abysmal quarterly results. Revenue declined 1 percent to $405.2 million on flat attendance growth. Net income checked in at $0.43 a share. Wall Street was holding out [...]
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Why Hollywood Isn't Funny Anymore – but TV Is

August 14, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Industry News, Entertainment Industry, Investing www.transformersmovie.com It’s not only the tragic passing of Robin Williams that has leached the humor out of Hollywood recently. Like many of the celebrated actor’s late-career moves, the big-time film industry has been stepping away from comedy. It wasn’t so long ago that comedies were an important staple of any major studio’s release diet. No more. These days, moviegoers would be hard-pressed to find [...]
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3 Reasons Why Jack in the Box Is Beating McDonald's

August 14, 2014 by Harry Joiner - Add Comment
Filed under: Company News, McDonald’s, Industry News, Restaurants, Investing Stanley Marquardt/AlamyA Jack in the Box restaurant in Tyler, Texas. McDonald’s (MCD) is in a funk, and things are only getting worse. The world’s largest burger chain posted uninspiring financial results over the weekend, with global comparable sales slumping 2.5 percent for the month of July. Things were even worse closer to home, [...]
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Gold Demand Tumbles as Price Steadies

August 14, 2014 by Harry Joiner - Add Comment
Filed under: ETFs, Federal Reserve, Commodities & Futures, World Markets, Investing Chris Ratcliffe/Bloomberg via Getty Images By Katie Holliday | @hollidaykatie Global gold demand declined sharply in the second quarter as prices steadied following exceptional circumstances in the same period of last year, according to the latest World Gold Council report. Bullion [...]
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Could Bigger Pay Raises (Yay!) Send Stocks Sliding (Booo!)?

August 14, 2014 by Harry Joiner - Add Comment
Filed under: Labor, Unemployment Rate, Economic Recovery, Stocks, Investing Getty Images Throughout the economic recovery of the past five years, one area that hasn’t seen as much improvement as expected has been worker pay. Yet even though one survey of major employers forecasts pay raises next year will continue growing more slowly than a decade ago, some finally believe that the long lull in labor cost increases could [...]
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SeaWorld shares fall as film hits revenue

August 13, 2014 by Harry Joiner - Add Comment
Amusement park company says results driven in part by negative publicity from criticism of the treatment of its captive killer whales Source: Companies
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UPDATE 1-S&P downgrades three Austrian banks on bail-in uncertainty

August 13, 2014 by Harry Joiner - Add Comment
* New law causes uncertainty over state support, S&P says (Adds background, detail) Source: Financials
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UPDATE 1-Puerto Rico's power authority likely to get credit reprieve -source

August 13, 2014 by Harry Joiner - Add Comment
(Adds comment by source familiar with operations, adds details on loans) Source: Financials
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Fitch Affirms HSBC Mexico's IDR at 'A' & VR at 'bbb'; Outlook Stable

August 13, 2014 by Harry Joiner - Add Comment
(The following statement was released by the rating agency) MONTERREY, August 13 (Fitch) Fitch Ratings has affirmed HSBC Mexico, S.A.’s (HSBCM) Viability Rating (VR) at ‘bbb’ and its local and foreign currency Issuer Default Ratings (IDRs) at ‘A+’ and ‘A’, respectively. Simultaneously, Fitch has affirmed the national scale ratings of HSBCM and HSBC Casa de Bolsa, S.A. de C.V. (HSBCCB) at ‘AAA(mex)’ and ‘F1+(mex)’. A full list of the rating actions follows at the end of this press release. T Read Full Article →

U.S. Mint to use new silver benchmark for coin sales, purchases

August 13, 2014 by Harry Joiner - Add Comment
NEW YORK, Aug 13 (Reuters) – The U.S. Mint said on Wednesday it will adopt the new electronic silver benchmark to be unveiled this week for its coin sales, silver purchases and price management programs following the end of the original ‘silver fixing’ mechanism. Source: Financials
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ISDA sets Argentina CDS auction for August 21 – IFR

August 13, 2014 by Harry Joiner - Add Comment
Aug 13 (Reuters) – The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s outstanding credit default swaps, Thomson Reuters IFR reported Wednesday. Source: Financials
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Tata Steel’s net profits drop 70%

August 13, 2014 by Harry Joiner - Add Comment
Increasing demand for steel fails to translate into earnings boost for Indian steelmaker as taxes, provisioning charges and cheap imports bite Source: Companies
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Eon profits hit by rise of green energy

August 13, 2014 by Harry Joiner - Add Comment
Chief executive of Germany’s biggest utility urges further government reform of its home market as it also looks for growth abroad Source: Companies
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Margaret Heffernan: collaboration at work

August 13, 2014 by Harry Joiner - Add Comment
The executive, mentor and writer believes in the potential for business to solve our problems but warns of the dangers of excessive competition Source: Management
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Contract wins help G4S stage comeback

August 13, 2014 by Harry Joiner - Add Comment
The world’s biggest security company wins £1.2bn of new work in the first half amid an overhaul after being shaken by a series of scandals Source: Companies
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Is There Life After 'Candy Crush' for King Digital?

August 13, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Earnings, Entertainment Industry, Stocks, Investing www.candycrushsaga.com King Digital Entertainment (KING) has tried to set itself apart from casual gaming rival Zynga (ZNGA) in its brief life as a publicly traded company. Unfortunately, it’s failing to. The company behind “Candy Crush Saga” posted disappointing quarterly results on Tuesday afternoon, sending the stock reeling [...]
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Lookout funding boosted by Amazon’s Bezos

August 13, 2014 by Harry Joiner - Add Comment
US company secures $150m in the largest cyber security fundraising this year, amid growing concern about the mounting threat to large enterprises Source: Companies
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Review: Defying the Odds – The Rise of Dalit Entrepreneurs

August 13, 2014 by Harry Joiner - Add Comment
Through profiles of self-made entrepreneurs, the book offers fascinating insights into the workings of India’s economy and its tough paths to upward mobility Source: Management
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Business has lost its community role

August 13, 2014 by Harry Joiner - Add Comment
There is always somewhere easier and cheaper to do business. And if you don’t take advantage of that, your rivals will Source: Management
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Universal Steams Ahead with 1 Million Hogwarts Express Riders

August 13, 2014 by Harry Joiner - Add Comment
Filed under: Company News, Industry News, Entertainment Industry, Travel Industry, Investing www.universalorlando.com It’s no surprise that the biggest winner among theme parks this summer is Comcast’s (CMCSK) Universal Orlando. The Wizarding World of Harry Potter’s ambitious Diagon Alley expansion at Universal Studios Florida is drawing huge crowds since opening last month. Comcast hasn’t spelled out how many more guests have [...]
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INSIGHT-Yellen resolved to avoid raising rates too soon, fearing downturn

August 12, 2014 by Harry Joiner - Add Comment
* Nightmare would be recession, subsequent backtracking on rates Source: Financials
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International banks struggling to cut Argentina debt deal -sources

August 12, 2014 by Harry Joiner - Add Comment
NEW YORK, Aug 12 (Reuters) – International banks are struggling to reach a deal to buy a chunk of Argentine sovereign debt held by New York hedge funds suing the country, sources close to the negotiations said on Tuesday. Source: Financials
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Venezuela taps Lazard to sell Citgo Petroleum -sources

August 12, 2014 by Harry Joiner - Add Comment
NEW YORK, Aug 12 (Reuters) – Venezuelan state oil company PDVSA is working with investment bank Lazard Ltd to sell its North American unit, Citgo Petroleum Corp, according to people familiar with the situation. Source: Financials
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Panicky U.S. junk bond investors flee funds despite good returns

August 12, 2014 by Harry Joiner - Add Comment
BOSTON, Aug 12 (Reuters) – Investors fleeing the U.S. junk bond market at a record pace this summer are punishing some of the sector’s best-performing funds, while some middle-of-the-pack peers are unscathed. Source: Financials
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UPDATE 1-Talks between Argentina holdouts and banks stall -sources

August 12, 2014 by Harry Joiner - Add Comment
NEW YORK, Aug 12 (IFR) – Argentina’s holdout creditors and international banks are struggling to strike a deal on the sovereign’s debt, sources close to the situation said on Tuesday. Source: Financials
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Market Wrap: U.S. Stocks Move Lower on Tension Overseas

August 12, 2014 by Harry Joiner - Add Comment
Filed under: Market News, International Trade, Investing Anatoli Stepanov/AFP/Getty ImagesA serviceman postures on an APC in the Donetsk region of Ukraine. The current fighting, and the potential for worse to come, is spooking investors worldwide. By KEN SWEET NEW YORK — The stock market pulled back slightly Tuesday, following two days of gains, as investors focused on the damage that ongoing geopolitical tensions were causing the global economy. Energy stocks were among the biggest decliners, dragged down by lower oil [...]
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Ocwen results restated on asset values

August 12, 2014 by Harry Joiner - Add Comment
The US mortgage servicing company under regulatory scrutiny in recent months says it expects to record ‘material weakness’ in its internal controls Source: Companies
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UPS and FedEx go high-tech to meet demand

August 12, 2014 by Harry Joiner - Add Comment
Logistics groups are investing in technology and expanding capacity to help meet soaring demand via online retailing and business-to-business ordering Source: Companies
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Bischoff takes JPMorgan Securities role

August 12, 2014 by Harry Joiner - Add Comment
Appointment as chairman highlights efforts to respond to demands from UK regulators to bolster governance of banking operations in London Source: Companies
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