Monday, April 16, 2012

DailyMarkets.com - Best Buy To Shutter A Few Big Boxes

DailyMarkets.com - Best Buy To Shutter A Few Big Boxes

Best Buy To Shutter A Few Big Boxes

Posted: 16 Apr 2012 09:50 AM PDT

Recently, Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, announced the locations of few big box stores that it intends to close, Associated Press reported.
The company will pull down shutters on some big box stores, which are not contributing to its growth, while modifications of others are also on the cards.  The company announced the closing of 50 U.S. Best Buy big box stores in fiscal 2013, including six in Illinois, seven in California … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kraft Foods Stops Greek Yogurt Sale

Posted: 16 Apr 2012 09:35 AM PDT

Reuters recently reported that Kraft Foods, Inc. (NYSE:KFT) discontinued its Greek yogurt product under the Athenos brand in March this year. The highly nutritional yogurt had become popular in the US in the last few years. The company's increased focus on building new products under the Athenos brand was cited as the reason behind the discontinuation of the high protein yogurt. Kraft Foods currently markets feta cheese, hummus and pita chips under the Athenos brand.
In a separate incidence, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Trims Down Stake In ICBC

Posted: 16 Apr 2012 09:25 AM PDT

The Goldman Sachs Group Inc. (NYSE:GS) is again lowering its exposure in the Chinese economy. The company is selling nearly $2.5 billion worth of shares that it holds in Beijing-based Industrial & Commercial Bank of China Ltd. (ICBC). This was reported by Bloomberg after communicating with people familiar with the matter.
Goldman sold 3.55 billion shares of ICBC at HK$5.05 (65 cents) per share to Singapore state investor Temasek Holdings Pte for $2.3 billion. The remaining $200 million worth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kilroy Realty Leases To Qualcomm

Posted: 16 Apr 2012 09:05 AM PDT

Kilroy Realty Corporation (KRC) recently announced that it has leased the 48,709 square foot 10445 Pacific Center Court building in Sorrento Mesa, San Diego to Qualcomm. Inc (NASDAQ:QCOM). The time period for the lease is five years and five months and is expected to start from the third quarter of 2012.
With this lease, Kilroy Realty currently leases over 116,000 square feet of space to Qualcomm in Sorrento Mesa. This lease also expands Kilroy Realty's relationship with Qualcomm in San Diego's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citigroup Reports Mixed Bag

Posted: 16 Apr 2012 08:50 AM PDT

After reporting a disappointing result in the prior quarter, Citigroup Inc.'s (NYSE:C) results were a mixed bag in the first quarter. First-quarter 2012 earnings came in at 95 cents per share on revenues of $19.4 billion. It was hurt by accounting charges though modestly benefited from its recent stake sale activities and increasing global consumer banking as well as transaction services revenues.
With credit spreads tightening in the quarter, Citigroup results included a loss of $1.3 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Recalls Prius Hybrids

Posted: 16 Apr 2012 08:50 AM PDT

Toyota Motor Corp. (NYSE:TM) extended its safety recall saga by announcing a "service campaign" to fix a problem with the control mechanism in the exhaust system of its famous Prius hybrid cars.
The Japanese automaker would recall 8,000 units of Prius Alpha hatchback wagons in Japan and about 20,000 units of the same vehicle in North America, where it is marketed as Prius V. The vehicles belong to the model year 2011–12.
The automaker noticed that actuators, control mechanisms in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MeadWestvaco To Spin-Off Office Biz

Posted: 16 Apr 2012 08:35 AM PDT

MeadWestvaco Corporation(NYSE:MWV) has decided to spin-off the Consumer & Office Products business in a new entity on April 24, 2012. The decision follows the company's announcement in November last year to merge the new entity with the office supply manufacturer, ACCO Brands Corporation (NYSE:ABD). The deal was valued at $860 million.
Under the merger agreement, for each share of MeadWestvaco, its shareholders will own 0.33 share of ACCO Brands. At the completion of the agreement, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Approves Conceptus’ Essure Data

Posted: 16 Apr 2012 08:20 AM PDT

The manufacturer of Essure permanent birth control system, Conceptus (NASDAQ:CPTS) recently received the US Food and Drug Administration (FDA) nod for including 10-year data on effectiveness of Essure in the Essure procedure US Instructions for Use (IFU) and Patient Information Booklet (PIB). On top of that, FDA also allowed the company to include full five-year clinical study results and effectiveness rate of 99.83% in the IFU and PIB. With this approval, the clinical trial for Essure, which was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Pare Gains, Tech Sector Dragged Lower

Posted: 16 Apr 2012 08:20 AM PDT

04/16/12 US stocks pared gains to turn mixed, as mixed economic data and earnings were digested. Retail sales topped estimates, but regional manufacturing and homebuilder sentiment dropped. Technology shares declined with Apple and Google dragged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TiVo Wins Lawsuit In Australia

Posted: 16 Apr 2012 08:15 AM PDT

TiVo Inc. (TIVO) recently won a decisive victory over its Australian competitor Vivo International in a trademark lawsuit. As per the latest Australian Federal Court ruling, Vivo International has been banned from using the "Vivo" trademark going forward.
Earlier, TiVo had sued Vivo International for allegedly infringing its trademark. TiVo's argument that the "Vivo" trademark used by the Australian company sounded similar to TiVo and could create confusion in the minds of customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Prices Senior Notes

Posted: 16 Apr 2012 07:50 AM PDT

Ventas Inc. (VTR) recently announced that it has priced a public offering of $600 million aggregate principal amount of 4.00% Senior Notes  maturing 2019 at 99.489% of principal amount. The company's operating partner, Ventas Realty, Limited Partnership, and  one of its wholly owned subsidiary, Ventas Capital Corporation are primarily responsible for the senior notes offering .The sale of the notes is expected to close on April 17, 2012.
The net proceeds from the offering will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Turns Lower On Spain Concerns

Posted: 16 Apr 2012 07:00 AM PDT

04/16/12 The euro was lower Monday as soaring bond yields in Spain allowed worries to resurface about the fragile state of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Start Strong On Data

Posted: 16 Apr 2012 01:00 AM PDT

04/16/12 US stocks rose, bouncing from last week’s sharp losses, as a stronger-than-expected reading on retail sales overshadowed concerns about Spain’s borrowing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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