Did Tim Cook's testimony reignite the bullish case to buy Apple? This is the topic of a key debate.
Category Archives: Accountingnews
Tim Cook Reignites Case to Buy Apple: Schoenberger
Ally to pay $2.1 billion to settle ResCap litigation
Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. The deal will allow Ally to put behind it problems …
Tesco will not pay executive bonuses without rise in profits
Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report on …
U.S. New Home Sales Up 2.3 Percent in April
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high.
New home sales rise, prices surge to record highs
Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact. The Commerce Department said on Thursday …
New home sales rise, prices surge to record highs
Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact. The Commerce Department said on Thursday …
JPMorgan appoints new consumer bank head
JPMorgan Chase said it has appointed Barry Sommers as chief executive of its consumer bank, which includes its wealth management unit. Visa Inc had earlier announced that JPMorgan’s current consumer banking …
Apple enjoyed Irish tax holiday from the start
Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have …
10 Thursday AM Reads
My morning reads:
• Japan’s mini crash: Blame China(FT Alphaville) see also Dumb money returns to Japan (ft.com)
• Extreme Fear (Joe Fahmy)
• Bernanke to Congress: I’m Not the Problem. You Are. (The Fiscal Times) see also Wonkbook: Bernanke lashes Congress (Wonkblog)
• Why Investors Fail (Motley Fool)
• Dudley Says Decision on Taper Will Require 3-4 Months (Bloomberg)
• Investing in Gold: Does It Stack Up? (Knowledge at Wharton)
• Teens are tired of Facebook ‘drama,’ find refuge on Twitter and elsewhere, says Pew (The Verge) see also Teens, Social Media, and Privacy (Pew Internet)
• Six Facts Lost in the IRS Scandal (ProPublica)
• Putting Apple in an Xbox (WSJ) see also The race to a “smart” television is over. Xbox won (pandodaily)
• Inside Google’s Secret Lab (Businessweek)
What are you reading?
Source: The Big Picture
Rue21 to Sell Itself to Apax for $1.1 Billion – New York Times
Rue21 to Sell Itself to Apax for $1.1 Billion
New York Times
Rue21 said on Thursday that it would sell itself to Apax Partners for about $1.1 billion, including debt, as private equity firms continued their pursuit of purveyors of fashion. Under the terms of the deal, Apax will pay $42 a share, 23 percent above the closing …
Rue21 Agrees to $1.1 Billion Buyout by ApaxWall Street Journal
Rue21 Off the Market, Looks to Go Private in $1.1B DealFox Business
Rue21 up 23% on Apax's $1.1 billion buyout offerMarketWatch
RTT News
Source: Business - Google News
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