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Business News

Location American Business News for 24 October 2012

Analyst Moves: ALTR, UTHR

Forbes - 24 Oct 2012 20:31
Altera (ALTR) had its estimates and price target reduced by BMO (BMO) as the company had been experiencing lower sales. A $38 price target was set with an outperform rating.
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Barnes & Noble Stores Have Credit Card Data Breach

The New York Times - 24 Oct 2012 05:27
The breach involved card information for customers at 63 stores, including locations in New York City, San Diego, Miami and Chicago.
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Can Energy Drinks Kill? The FDA Investigates, Consumers Worry, A Business Under Fire Five deaths may have been caused by Monster energy drink; the FDA investigates and health experts say "we told you so."
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Why Facebook Should Buy Groupon

Forbes - 24 Oct 2012 22:02
Why Facebook Should Buy Groupon Facebook (NASDAQ:FB) and Groupon (NASDAQ:GRPN) are in different businesses. Facebook builds products to create value for users, developers, and advertisers. Its website allows people to stay in touch with friends and fam...
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Nike agrees Umbro sale for $225m

BBC - 24 Oct 2012 19:54
Nike agrees Umbro sale for $225m Sportswear giant Nike agrees a deal to sell UK sports brand Umbro to US clothing company Iconix Brand Group for $225m.
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Watch: Freelance Jobs: How To Make Them Work For You Susan Solovic shares her secrets to finding assignments.
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How Cell Phone Carriers Stiff Consumers

Forbes - 24 Oct 2012 19:12
How Cell Phone Carriers Stiff Consumers Eight ways cell phone carriers are sticking it to consumers.
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Facebook 3rd-Quarter Revenue Surpasses Forecasts

The New York Times - 24 Oct 2012 07:43
Facebook 3rd-Quarter Revenue Surpasses Forecasts The social network’s shares rose in after-hours trading, despite a net loss, as sales and earnings beat expectations.
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More Than a Case of Jitters as a Shadow Falls on Energy Drinks As consumption of energy drinks soars in the United States, critics say the Food and Drug Administration has allowed the drinks to languish in a regulatory gray area.
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Alfred Cheng's Parkson is a new entrant into the retail industry, but he has big goals for his stores in Indonesia.
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Punch Taverns: warning of a pub brawl

The Guardian - 24 Oct 2012 23:55
Punch has £2.4bn of securitised borrowings and admits it cannot service those debts indefinitely "In amongst all this complexity there is equity value," said Roger Whiteside, chief executive of Punch Taverns. Really? ...
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Forbes Earnings Preview: Life Technologies

Forbes - 24 Oct 2012 23:55
Despite an expected dip in profit, analysts are generally optimistic about Life Technologies (LIFE) as it prepares to reports its third quarter earnings on Monday, October 29, 2012.
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Forbes Earnings Preview: Leggett & Platt

Forbes - 24 Oct 2012 23:55
Wall Street is high on Leggett & Platt (LEG), expecting it to report earnings that are up 22.6% from a year ago when it reports its third quarter earnings on Monday, October 29, 2012. The consensus estimate is 38 cents p...
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Forbes Earnings Preview: Anadarko Petroleum

Forbes - 24 Oct 2012 23:55
Optimism surrounds Anadarko Petroleum (APC), as it gets ready to report its third quarter results on Monday, October 29, 2012. Analysts are expecting the company to book a profit of 75 cents a share, up from 65 cents a y...
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Best Buy Warns On Q3; Wipes Out Layer Of U.S. Management The turmoil continues at Best Buy.
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Flying High: Vikas Oberoi Discusses His Passion For Planes "You can be a good or bad car driver, but when it comes to a plane you have to be a good pilot," explains Indian tycoon Vikas Oberoi when discussing flying his own airplane.
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Infosys Cofounder Nandan Nilekani On His Quest To Create A Billion IDs After three decades in the private sector, Nandan Nilekani joined the government three years ago to help get online ID numbers for most Indians.
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Ex-Goldman Director Gets 2 Years In Jail, $5M Fine For Insider Trading Role It's a long way from the ten years requested by prosecutors but Rajat Gupta will end up in jail for two years for his role in a larger insider trading case.
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Why CEOs are on the 'fiscal cliff' warpath

NBC News - 24 Oct 2012 23:43
More and more CEOs are getting restless and starting to beat the drum about Congress dragging its feet on the nation’s looming budget problem.
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(Reuters) - Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the rece...
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Remembering the '87 Crash, 4 Investment Myths and 1 Truth If you worry about market crashes or are disappointed in your investment returns, maybe you need a new investment approach!
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Punch Taverns wakes up to its debt crisis

The Guardian - 24 Oct 2012 23:38
Former stock market darling admits it is staring bankruptcy in the face after sharp dip in beer consumption Punch Taverns, the debt-laden landlord group that owns almost one in 10 British pubs, has finally conceded it wi...
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