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The Top News
4:25 PM - Tuesday, May 21, 2013
8 hour ago
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FOXBusiness.com
Microsoft took the wraps off the Xbox One -- its latest gaming and entertainment console -- as the tech giant looks to extend its reach in the entertainment space.
RELATED STORIES:
- Microsoft touts Xbox One as all-in-1 entertainment - Yahoo! News: Business News
- Microsoft's Innovation That Apple Missed - from Seeking Alpha / Justin Jaynes
- Will Xbox One Win? - DailyFinance / Rick Munarriz
5 hour ago
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on The Huffington Post /
JPMorgan Chase shareholders have signed a billion-year contract to join the Cult Of Jamie Dimon. For better or worse.
With their overwhelming vote on Tuesday to let Dimon keep both his chairman and CEO titles at the biggest U.S. bank, shareh . . .
RELATED STORIES:
- JP Morgan's Jamie Dimon survives protest vote - news / Katherine Rushton
- JPMorgan's Dimon wins big - CNNMoney.com
- Someone Claiming To Be Jamie Dimon Arrested By Homeland Security - forbes.com
4 hour ago
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CNBC
ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs, a source said.
RELATED STORIES:
- ESPN cutting workforce as it looks to 'smartly' manage costs - Yahoo! News: Business News
- Report: ESPN Laying Off Hundreds - Mashable / Lauren Indvik
7 hour ago
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MarketWatch.com
Apple Inc.’s chief executive Tim Cook defended the tech giant’s tax practices in a lengthy Senate hearing on Tuesday, telling lawmakers that the company is acting fairly and also laying out targets for lowering its tax burdens.
RELATED STORIES:
- Apple CEO Faces Senate Panel's Accusations Of 'Tax Gimmickry' - NPR Topics
- Apple CEO defends tax tactics at Senate hearing - USATODAY.com Money News
- Apple's Cook faces Senate questions on taxes - Yahoo! News: Business News
6 hour ago
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FOXBusiness.com
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might en . . .
RELATED STORIES:
- Dow, S&P end at records on Fed officials' reassurance - Yahoo! News: Business News
- NewsWatch: U.S. stocks rise after Fed officials’ QE signal - MarketWatch.com
7 hour ago
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FOXBusiness.com
Wireless carriers are reporting some damage from the massive tornado that hit Oklahoma on Monday, but they note that networks are generally functioning well after the storm.
RELATED STORIES:
- Killer Tornado: Scenes From Oklahoma - CNBC
- Coburn Wants Oklahoma Tornado Aid Offset With Budget Cuts - Business
- Post-Tornado Rescue Efforts in Oklahoma Near an End - NY Times / John Eligon
5 hour ago
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CNBC
Discussing whether you should be optimistic or cautious on Home Depot, with the Fast Money team. Meanwhile Patrick Chidley, HSBC, says you should buy gold miners.
RELATED STORIES:
- Home Depot beats Q1 estimates, raises EPS guidance - MarketWatch.com
- Stocks to Watch: Best Buy, Home Depot are Tuesday’s stocks to watch - MarketWatch.com
- Home Depot earnings beat expectations - USATODAY.com Money News
5/20/2013
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from Seeking Alpha /
By Markos Kaminis (Wall St. Greek): On Monday evening, Senators Carl Levin and John McCain addressed the media about Apple (AAPL), alleging tax avoidance by means of offshore entities. This issue could affect Apple in a meaningful manner. Befor . . .
RELATED STORIES:
5 hour ago
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on The Huffington Post
May 21 (Reuters) - Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodati . . .
5 hour ago
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WSJ.com
Clearwire's tale is shifting from seemingly endless saga to nail-biter.
3 hour ago
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CNNMoney.com
Herbalife hired Pricewaterhouse Coopers as its new accounting firm. KPMG resigned last month after discovering one of its partners was providing illegal stock tips on clients.
6 hour ago
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CNNMoney.com
Read full story for latest details.
9 hour ago
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Yahoo! News: Business News
By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to . . .
RELATED STORIES:
- Vodafone keeps Verizon payout to make up for European slump - Reuters
- Vodafone profits collapse as company denies shareholders Verizon dividend - news / Christopher Willians
- Vodafone chiefs defend retention of £2.1bn Verizon Wireless dividend - news / Christopher Williams
7 hour ago
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Yahoo! News: Business News
(Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New Yor . . .
8 hour ago
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WSJ.com
Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.
8 hour ago
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FOXBusiness.com
Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.
5 hour ago
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news /
Marks & Spencer is to stop opening new clothing stores in Britain, demonstrating the challenges facing the high street.
3 hour ago
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money.cnn.com
Saks Fifth Avenue could be offering a rare, high-ticket luxury item: Itself.
6 hour ago
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MarketWatch.com
WASHINGTON (MarketWatch) -- Internal Revenue Service official Lois Lerner will plead the Fifth Amendment at a House Oversight Committee hearing Wednesday about the IRS's targeting of conservative political groups, reports said Tuesday. Lerner's . . .
8 hour ago
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CNNMoney.com
Read full story for latest details.
