Category > Business

Applied Materials Hails Mobile Demand
Applied Materials is declaring 2012 the year of the foundry, as those semiconductor-manufacturing services order tools to keep up with demand for smartphone chips.
Source: Wall Street Journal

Verizon: Users Can Pay Full Phone Price
Verizon Wireless said there was one surefire way for users to keep their all-you-can-eat plans: Pay full price for their smartphones.
Source: Wall Street Journal

Pension Fund Targets Chesapeake Directors
The custodian of a group of New York City pension funds is calling on Chesapeake Energy shareholders to vote against two board members, saying they failed to check the CEO's controversial financial activies.
Source: Wall Street Journal

Facebook IPO: Eduardo Saverin Defends Citizenship Move
  Eduardo Saverin, a co-founder of Facebook and soon-to-be IPO multi-billionaire, defended relinquishing his U.S. citizenship, which led lawmakers to announce the Ex-Patriot Act this morning, saying he ?will pay hundreds of millions of dollars in taxes? to the U.S. ?My decision to expatriatewas based...
Source: ABC

Greeks Pull Cash Out of Banks as Confidence Wanes
Worried for the future, Greeks are pulling money out of banks at an increasing rate and either transferring it abroad when they can or hiding it at home.
Source: ABC

Watch: Get Your Share: Buying Facebook's Stock
Ellen Braitman explains why you may have to wait.
Source: ABC

Kalashnikov Hopes to Sell Clothes to Die For
ABC News? Kirit Radia reports: MOSCOW ? Looking to update your summer wardrobe? The makers of the AK-47 assault rifle may soon have something in your size. The company which produces one of the world?s most popular automatic weapons is in talks with the family...
Source: ABC

Brazil Confirms Oil Slick Off Coast
The Brazilian Navy confirmed Thursday that an oil slick has been spotted off the coast of Espirito Santo state, with a team still on site trying to determine the source of the oil, a spokeswoman said.
Source: Wall Street Journal

Whittled-Down Sears Posts Profit
Assets sales helped Sears return to a first-quarter profit, but the continual shedding of real estate and other holdings have reinforced a feeling on Wall Street that the 126-year-old retailer is in the early stages of liquidation.
Source: Wall Street Journal

Funds Shed Chesapeake Shares in Quarter
Several large hedge funds and investment-advisory firms sold large positions in embattled Chesapeake Energy during the first quarter.
Source: Wall Street Journal