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Apple Boosts Buyback, Splits Stock To Reward Investors

Wall Street Journal - Wed, 04/23/2014 - 11:38pm
Apple, in a nod to restive shareholders, added $30 billion to its stock-buyback plan, raised its dividend about 8% and declared a 7-for-1 stock split, as it reported strong iPhone sales that defied expectations of a slowdown.
Categories: Business

Vermont to Enact GMO Food-Labeling Law

Wall Street Journal - Wed, 04/23/2014 - 11:35pm
VThe movement against genetically modified crops scored a signal victory Wednesday, as the Vermont legislature passed a bill that would make it the first state to require food makers to label products made with the technology.
Categories: Business

Short-Seller Accuses Chinese Rubber Recycler of Doctoring Financials

Wall Street Journal - Wed, 04/23/2014 - 11:25pm
Short-seller Glaucus Research Group California LLC on Thursday accused Taipei-listed foam-rubber recycler Asia Plastic Recycling Holding of doctoring its financials.
Categories: Business

Rail Logjam Strands Cars at Factory

Wall Street Journal - Wed, 04/23/2014 - 11:15pm
New cars and trucks are stacked up at U.S. factories as auto makers and railroads struggle to overcome delays brought on by winter weather and the rise of production outside the U.S. Midwest.
Categories: Business

Amazon to Stream Older HBO Shows

Wall Street Journal - Wed, 04/23/2014 - 11:07pm
HBO agreed to license older episodes of its programming library to Amazon's Prime Instant Video streaming service, the first time it has struck such a deal.
Categories: Business

Fandango Evolves, Buys Movieclips

Wall Street Journal - Wed, 04/23/2014 - 11:04pm
Fandango plans to announce the acquisition of Movieclips, a Zefr Inc.-owned outfit that produces movie-related video programming and stores movie trailers and indexed movie clips.
Categories: Business

Barrick Gold Sent Revised Terms to Newmont Mining

Wall Street Journal - Wed, 04/23/2014 - 10:28pm
Barrick Gold has sent an email outlining revised terms to Newmont Mining for a deal between the two gold mining giants, according to people familiar with the matter, but has yet to receive a response.
Categories: Business

FCC Rules Would Allow Preferred Web Traffic

Wall Street Journal - Wed, 04/23/2014 - 10:27pm
Regulators are proposing new rules on Internet traffic that would allow broadband providers to charge companies a premium for access to their fastest lanes.
Categories: Business

Facebook Results Surge on Ad Revenue

Wall Street Journal - Wed, 04/23/2014 - 10:22pm
The social network displayed new evidence of its advertising momentum, posting a big increase in first-quarter earnings that will give the company more resources to challenge bigger players in the technology industry.
Categories: Business

Adidas Is Diversifying China Suppliers

Wall Street Journal - Wed, 04/23/2014 - 10:13pm
German sportswear company Adidas is diversifying suppliers in China to decrease the effect of a factory labor dispute on the availability of sneakers it sells.
Categories: Business

Pension Costs Hurt Boeing Profit

Wall Street Journal - Wed, 04/23/2014 - 10:03pm
Boeing said its first-quarter earnings fell 13% as costs tied to changes to its retirement plans masked the continued strong demand for its jetliners, which boosted core earnings.
Categories: Business

Publicis Expresses Confidence on U.K. Tax Status

Wall Street Journal - Wed, 04/23/2014 - 9:50pm
France's Publicis Groupe tried to reassure investors about the fate of its $35 billion merger with Omnicom, saying it was confident the proposed new company would get necessary approval to have its fiscal residence in the U.K.
Categories: Business

U.K. Car Industry Boosted by Demand Recovery

Wall Street Journal - Wed, 04/23/2014 - 9:45pm
Stronger demand in Europe helped volume manufactures, while global demand for premium vehicles also saw a rise.
Categories: Business

Two More Hospitals Halt Hysterectomy Procedure

Wall Street Journal - Wed, 04/23/2014 - 8:48pm
Cleveland Clinic and University of Pennsylvania Health System halt the use of morcellators in hysterectomies following the FDA's warning that the surgical device can spread cancer.
Categories: Business

Qualcomm Profit Rises, But China Is an Issue

Wall Street Journal - Wed, 04/23/2014 - 8:17pm
Qualcomm reported its fiscal second-quarter profit grew 5% as the chip maker reported higher shipments, but it also faces short-term turbulence as it waits for faster cellphone service to take off in China.
Categories: Business

UPS Employees Union Votes to Override 3 Local Bargaining Units

Wall Street Journal - Wed, 04/23/2014 - 8:04pm
The national union representing UPS employees voted Wednesday to override three local bargaining units that were holding out on approving parts of a five-year national contract with the delivery company.
Categories: Business

Two Small Firms Adapt to ACA

Wall Street Journal - Wed, 04/23/2014 - 7:31pm
Small businesses are finding both benefits and costs as they attempt to navigate the Affordable Care Act.
Categories: Business

Lee Scott to Retire from Wal-Mart Board

Wall Street Journal - Wed, 04/23/2014 - 7:11pm
Wal-Mart Stores said two board members, former Chief Executive Lee Scott and 10-year board member Chris Williams, won't stand for re-election.
Categories: Business

Primark to Expand in U.S.

Wall Street Journal - Wed, 04/23/2014 - 7:11pm
Primark, a clothing chain whose formula of fashionable looks at rock-bottom prices has proved a hit with U.K. shoppers, plans to open its first U.S. store in the former Boston home of the original Filene's Department Store.
Categories: Business

P&G Profit Edges Up as Costs Fall

Wall Street Journal - Wed, 04/23/2014 - 6:43pm
Procter & Gamble's profit grew just slightly in the first three months of the year, as it struggled to expand in slow-growing markets where shoppers have cut back their spending on many everyday items.
Categories: Business
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