Shyftr Shyftr

Wednesday, May 22, 2013

Business

South Miami Charged with Defrauding Bond Investors

2 hours 15 minutes ago - Wall Street Journal
The Securities and Exchange Commission on Wednesday charged South Miami, Fla. with misleading investors about the tax-exempt eligibility of a downtown public-parking garage and retail development

Analysts Chart Stocks' Voyage to the Unknown

1 hour ago - Wall Street Journal
Some technical analysts say the steady increase of stocks suggests further gains are ahead. But few are willing to project exactly how much higher because of one variable: unpredictable behavior of investors

Fearing China, U.S. Steps Into Sprint's Board

51 minutes ago - Wall Street Journal
SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border takeover

For Proxy Advisers, Influence Wanes

39 minutes ago - Wall Street Journal
Big firms that sell recommendations on how to vote in corporate elections are losing some of their relevance, as companies more aggressively court key investors

Washington Memo: Torches and Pitchforks for I.R.S. but Cheers for Apple

27 minutes ago - New York Times Business
While Wednesday’s I.R.S. hearing felt like an unforgiving, angry inquisition, senators seemed halfhearted in their desire to beat up on Apple, which has been accused of dodging taxes.     by By MICHAEL D. SHEAR

ICBC, China's Largest Bank by Assets, Promotes Vice President to President

1 hour 7 minutes ago - Fox Business
Industrial & Commercial Bank of China Ltd. (1398.HK), China's largest bank by assets, has appointed vice president Yi Huiman as president, replacing Yang Kaisheng who will retire

AEA Investors Hires Banks for CPG International Sale: Sources -Reuters

55 minutes ago - Fox Business
Building products maker CPG International may be sold by its private equity owner, AEA Investors LP, for between $1 billion and $1.5 billion, the Reuters news agency said Wednesday on its website, citing three unnamed people familiar with the matter

Beijing Startup Builds On The Shoulders Of Giants To Go Global From China

1 hour 4 minutes ago - Forbes
Beijing entrepreneur Alan Guo makes the point that today, big companies serve small companies rather than the other way around. And his four-year-old startup Light in the Box is a good example by Rebecca Fannin

Bernanke Signals No Irrational Exuberance On His Watch

59 minutes ago - Forbes
Today was the first day in the markets for some time when the laws of gravity were in evidence as the overwhelming factor of consideration. When the notion that trees don't grow to the sky became once again the theme of Wall Street anxiety. The buzz was all about Bernanke's carefully by Robert Lenzner

Ford to close Australia auto plants: reports

1 hour 31 minutes ago - Fox Business
Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday

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