COMPANIES

Sumitomo Unit Buying Midas For $173M

A Midas service center in Durham, North Carolina.
TBC Corp., a unit of Japan's Sumitomo Corp., will pay $173 million in cash for Midas Inc. (NYSE: MDS), the automotive parts and repair chain based in Itasca, Ill., said Tuesday.

iPad Delays? No Problem Jefferies Analyst Says

iPad queue
Shares of Apple rose to another record after an influential analyst issued a report that boosted price targets and said the company shouldn’t have problems selling its latest iPad.
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Inmate Charged With Decapitating Pregnant Girlfriend In 1989

New York state resident Philip Ward is being charged with the 1989 murder of his pregnant girlfriend Veronica Bowen. Forty-five-year-old Ward, who is currently serving 20 years for the murder of another girlfriend, admitted to police that he killed Bowen and decapitated her.
Apple (AAPL) stock currently exceeds Exxon market cap by $100 billion

Apple Stock Closes At $552, Exceeds Exxon Market Cap By $100B

Apple (AAPL) stock continues to pound the competition, closing at $552.00 on Monday, an all-time record for the Cupertino, Calif.-based computer company. Monday's high now puts Apple's market cap over $514 billion, which now exceeds Exxon's market cap -- currently standing at $403 billion -- by more than $100 billion.
U.S. Silver Corp.

Silver Standard Resources Profit Off 99%, But Beats Street

Silver Standard Resources, Inc. (NASDAQ:SSRI) reported Monday the company had earned $2.6 million, or 3 cents per share, for the quarter ended December 31, a drastic drop of 99.3 percent when compared to the same period in the prior year, but better than analyst expectations which had assumed the company would post a loss for the quarter.
Buffett backed China car maker scraps dividend; profit dives

Technology Buybacks: IBM, HP, Qualcomm, Intel But Not Apple

Top-tier technology companies including Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Qualcomm (Nasdaq: QCOM) and Applied Materials (Nasdaq: AMAT), among others, all buy back shares. Qualcomm and Applied Materials have just refreshed their buyback programs and hiked their dividends, too.
A customer examines a Nook e-reader at a Barnes and Noble store in Boston, March 18, 2011.

Barnes & Noble Hires Former Cable Exec as CFO

Barnes & Noble Inc. (NYSE: BKS) hired a chief financial officer with extensive experience in cable broadcasting, particularly with that industry's spin-offs as well as mergers and acquisitions, the New York-based company said Monday.
Apple Siri Lawsuit

Siri to Speak Italian in 2012, Says Apple CEO Tim Cook

Apple doesn't openly tell the media what the company is building, but in an e-mail exchange with a fan, CEO Tim Cook announced that Apple will soon offer Italian language support for Siri, the company's AI personal assistant exclusive to the iPhone 4S.
iOS 5.1 released

iOS 5.1: 7 Secrets You May or May Not Know

The iOS 5.1 update has finally arrived. However, it is to be remembered that the list of new features are not extensive and largely consists of bug fixes and interface tweaks. Nonetheless, there are some important additions to it as well.
Asahi Kasei

Japan’s Asahi Kasei to Buy Zoll Medical for $2.2 Billion

Asahi Kasei Corp., a Japanese chemical manufacturer, agreed to acquire Massachusetts-based medical device and software maker Zoll Medical Corp. for about $2.21 billion, as it looks to expand its global presence and develop a leading position in the critical care.
PepsiCo CEO Indra Nooyi

PepsiCo Shake-Up: Ex-Exec To Run Food Unit

The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.
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Investors Return To Hedge Funds As Performance Rebounds

Investors ploughed more money into hedge funds over the past month, data from hedge fund administrator GlobeOp shows, as hopes of a resolution to the euro zone debt crisis and a rebound in markets boosted confidence after last year's losses.

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