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Monday, May 20, 2013 - 10:40am
Yahoo Jumping on the Startup Acquisition Bandwagon
AOL Inc.(NYSE: AOL) has Huffington Post. Google Inc. (NASDAQ: GOOG) has YouTube. Facebook Inc. (NASDAQ: FB) has Instagram. And now, Yahoo Inc. (NASDAQ: YHOO) is getting a startup of its own as well. The Wall Street Journal reported Sunday that Yahoo’s board approved $1.1 billion to acquire...
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Friday, May 17, 2013 - 1:41pm
Get on Disney World Rides Faster - Hire the Handicapped
Some stuff you just can’t make up. The New York Post ran a story Tuesday about wealthy Manhattan moms who are escaping the long lines at The Walt Disney Co.’s (NASDAQ: DIS) Disney World by hiring disabled people to pose as family members. The Post story said rich moms with impatient kids hire...
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Friday, May 17, 2013 - 1:26pm
Tesla Faces Vehicle Sales Pushback from North Carolina Lawmakers
On Monday, Senate passed a bill allowing North Carolina to ban the direct sales of Tesla (NYSE: TSLA) vehicles to consumers. Specifically, the bill would make it illegal for any automaker to bypass dealerships and sell directly in the state. The bill is sponsored by the North Carolina...
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Friday, May 17, 2013 - 10:50am
The Boku Boom, With Chief Business Officer Jon Prideaux
Boku is transforming telecom and financial services with their innovative method of paying for things electronically. Boku uses your mobile number to make online purchases instantly. Those purchases are then put on your phone bill, not your credit card. The company's Chief Business Officer, Jon...
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Friday, May 17, 2013 - 10:41am
Morningstar's Paul Swinand on J.C. Penney's Future
It's no secret that J.C. Penney (NYSE: JCP) is having a hard time, but with former Chief Executive Officer Ron Johnson gone and predecessor turned successor Mike Ullman back in the driver seat, the struggling retailer might prove to have some extra fuel in the tank. Paul Swinand, Equity Analyst...
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Friday, May 17, 2013 - 8:28am
Boomers Are Cashing in Their IRAs Early According to Report
Most people know they can withdraw funds from their IRA, penalty free, after the age of 59 ½ (earlier for certain exceptions). And, most people have no plans to do so. After all, the money you put into an IRA is for “retirement,” after the age of 65. According to BloombergBusinessweek, however...
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Thursday, May 16, 2013 - 11:03am
Cisco's John Chambers Is Aiming For Number One
John Chambers, Cisco Systems (NASDAQ: CSCO) Chairman and Chief Executive Officer, appeared on CNBC's Squawk Box Thursday morning after the company's Q3 results came in with an EPS at $0.51 over analyst estimates of $0.49 and revenue at $12.22 billion over analyst estimates of $12.18 billion....
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Thursday, May 16, 2013 - 9:00am
Emile Werr and Stephen Cohen on Big Data And Market Regulation
Emile Werr, New York Stock Exchange Big Data Group Head of Surveillance and Stephen Cohen, Securities and Exchange Commission Division of Enforcement Associate Director, appeared on CNBC's Squawk Box on Thursday morning to talk about big data's role and future in market regulation. Werr says that...
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Wednesday, May 15, 2013 - 1:43pm
Macy's Shows 20 Percent Profit on Strong Q1 Sales
Cool temperatures and consumer economic concerns did not dampen enthusiasm of shoppers at Macy’s Inc. (NYSE: M) during Q1. At least, not too much. The company reported a 20 percent bump in profit and is increasing its dividend to 25 cents from the current 20 cents, according to The Associated...
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Wednesday, May 15, 2013 - 1:06pm
Could Ouster of Andrew Mason Have Spurred Jana to Accumulate Stake?
Jana Partners, a hedge-fund manager founded by Barry Rosenstein, took a large stake in Groupon (NASDAQ: GRPN) this quarter, according to a 13F filing with the U.S. Securities and Exchange Commission. With a stake of just over 21.9 million shares -- valued at more than $134 million -- Jana is now...
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