NYSE

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.
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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.
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.
Post-PC Company

Technology Focus: PCs? Not Dead Yet By Any Means

Mark Twain would have been amused by the remarks of new Apple Inc. (Nasdaq: AAPL) CEO Tim Cook last week when he announced the post-PC era. As Twain observed after reading his obituary, The report of my death was an exaggeration.
Pavillion, Wy

Key EPA Fracking Study Update Delayed Again

State, local and Federal regulators have agreed on another round of water sampling at a site in Wyoming, as they investigate claims hydraulic fracturing contaminated ground water in the area.
Workers pressure-wash oil from the Deepwater Horizon spill from a roadway in Waveland, Mississippi

BP Gulf Damages Fees To Aid In Gulf State Restoration

Thanks to the Democratic-led Senate, the vast majority of the fines paid to the Federal Government at the conclusion of the Deepwater Horizon oil spill will be used to restore the landscapes of Louisiana, Mississippi, Alabama, Florida and Texas.
Cruise ship

Carnival Swings To Loss In Fiscal 2012 1Q

The world's largest cruise line operator Carnival Corp. (NYSE: CCL) swung to a loss, as rising fuel costs and one-time write downs offset an increase in revenue, while the Costa Concordia tragedy had little effect on the bottom line.
Holey Optochip

IBM Breakthrough: Trillion-Bit Chip Moves Light Faster

IBM researchers have developed an optical chip that can transmit as much as a terabit, or 1 trillion bits, of data per second using commercially available products -- a breakthrough that could revolutionize computing.

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