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Elpida seeks U.S. court approval for sale to Micron
ReutersBy Tom Hals May 22 (Reuters) - Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday to enforce its reorganization plan sale to Micron Technologies Inc, a final step to creating the world's second-largest maker of memory chips....Tags: Bankruptcy, Financially Distressed Companies, Justice System, Judges, Trials
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Stern Advice-Why pension funds are eating your 401(k)'s lunch
ReutersBy Linda Stern WASHINGTON, May 22 (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company...Tags: Retirement, Career and Workplace, Bonds, 401K, Personal Finance
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Column: Why pension funds are eating your 401(k)'s lunch
ReutersWASHINGTON (Reuters) - Pension funds - those old guaranteed-benefit retirement plans your grandma might have told you about - outperform those in 401(k) plans year after year, according to new research from consulting company Towers Watson. In 2011,...Tags: Career and Workplace, Advice Columns and Columnists, 401K, Personal Finance, Pension and Welfare
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Sony to assess spin-off plan; cuts targets for cameras, smartphones
ReutersTOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business. CEO Kazuo Hirai told a press...Tags: Electronics, Science and Technology, PlayStation, Japan, Sony Corp.
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Entertaining change: Sony to look at activist's spin-off idea
ReutersTOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value....Tags: Tokyo (Japan), Annual and Special Corporate Meetings, Electronics, Shinzo Abe, PlayStation
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Sony CEO says board mulling hedge fund boss Loeb's proposal to spin off entertainment business
AP Business WriterTOKYO (AP) — Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a...Tags: Corporate Officers, Electronics, Science and Technology, Companies and Corporations, Entertainment
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Africa's hot bond market could overheat as U.S. funds pile in
ReutersBy Tim McLaughlin BOSTON, May 22 (Reuters) - U.S. investors searching desperately for higher yields are piling into Africa's emerging bond markets but may not be getting paid enough for the chaos and uncertainty still stalking sub-Saharan countries, some...Tags: Eaton Vance Corporation, Gabon, Ghana, Thomson Corporation, Africa
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U.S. gasoline stocks buoyant ahead of driving season-EIA
ReutersNEW YORK, May 22 (Reuters) - As the U.S. summer driving season gets underway this Memorial Day weekend, stockpiles of gasoline in the United States are close to the highest level for this time of year since 1999, government data showed on Wednesday. In...Tags: Petroleum Industry, Memorial Day
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Citadel's Kenneth Griffin exposes 'cronyism,' causes a stir at Economic Club
Citadel LLC founder Kenneth Griffin named and shamed local corporations that have taken tax incentives from the financially strapped state in a speech to a prominent Chicago business group. "The last election cycle I called a local CEO to talk to him...
Tags: Government, Chicago Tribune, Barack Obama, Al Gore, Executive Branch
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Prosecutors consider using racketeering law against SAC: source
ReutersNEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the...Tags: Career and Workplace, Prisons, Manhattan (New York City), Crime, Law and Justice, Trials
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EU mergers and takeovers (May 21)
ReutersBRUSSELS, May 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firms KKR and Bregal Fund to jointly invest in private school...Tags: Mitsui & Company Limited, Silver Lake (Staten Island, New York), IBM, Delta Air Lines, Honeywell International Incorporated
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US court studies wiretaps in ex-Goldman director's insider case
Reuters* Rajat Gupta says wiretaps improperly admitted at trial * Gupta's 2-year prison term on hold while he appeals * 2nd Circuit panel hears oral arguments in appeal By Nate Raymond NEW YORK, May 21 (Reuters) - Lawyers for former Goldman Sachs Group Inc...Tags: Raj Rajaratnam, Lawyers, Galleon Group, Insider Trading, Prisons
May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
|Story| AP Broadcast
May 22, 2013
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May 22, 2013
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May 22, 2013
|Column| Chicago Tribune
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
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