Theflyonthewall.com News Archive - Yahoo! Finance

Tensions at TNK-BP lead to chief resigning, WSJ says

Mon, 28 May 2012 15:16:24 +0000

Mikhail Fridman, chief of TNK-BP Ltd, resigned possibly a sign of trouble in the 50-50 joint venture between BP (BP) and its Russian partners, says the Wall Street Journal.

MercadoLibre soon to experience pressure in Brazil from Amazon, Barron's says

Sun, 27 May 2012 15:35:13 +0000

MercadoLibre (MELI) should continue to enjoy its well-earned success, but investors may liighten up on their investments in the stock once the "ginormous" Amazon.com (AMZN) enters Latin America ...

Heinz is s 'dividend darling', Barron's says

Sun, 27 May 2012 15:21:11 +0000

Heinz (HNZ) isn't sitting back and waiting for the global economy to recover. It's boosting spending on marketing and efforts to expand sales in emerging markets, which could account for one-quarter of ...

Gafisa appoints new chairman of the board

Sat, 26 May 2012 20:37:37 +0000

Gafisaannounced the election and appointment by the Company’s Board of Directors of Odair Garcia Senra to succeed Caio Racy Mattar as chairman of the board, effective immediately. Mr. Senra is one of the ...

Rite Aid CEO John Standley named chairman

Fri, 25 May 2012 20:44:41 +0000

Standley will succeed Mary Sammons, who has served as chairman since June, 2007, and whose term of service as chairman, concludes as of the June annual meeting.

Carl Icahn reports 7.56% stake in Chesapeake

Fri, 25 May 2012 20:01:09 +0000

16:01 EDT Carl Icahn reports 7.56% stake in Chesapeake

Senate Banking Committee chair says Dimon to testify June 7, WSJ says

Fri, 25 May 2012 18:36:50 +0000

Senate Banking Committee Chairman Tim Johnson said J.P. Morgan's (JPM) CEO Jamie Dimon has been invited to appear before a panel on June 7 and Johnson expects Dimon "to come prepared to provide the ...

Baker Hughes reports U.S. rig count down 3 rigs from last week at 1983

Fri, 25 May 2012 17:03:30 +0000

Baker Hughes said the U.S. rig count is down 3 rigs from last week at 1983, with oil rigs up 1 at 1383 and gas rigs down 6 at 594. U.S. rig count is up 136 rigs from last year at 1847, with oil rigs up ...

NextEra: FPL to deploy approximately $15B in capital between 2010-2014

Fri, 25 May 2012 16:50:58 +0000

In a State of the Business report, President and COO Jim Robo said FPL plans to deploy approximately $15B in capital between 2010 and 2014, including more than $6B of major generation and advanced metering ...

On The Fly: Midday Wrap

Fri, 25 May 2012 16:11:25 +0000

Stocks on Wall Street were mixed at midday, with the S&P the only index in positive territory in spite of a better than expected reading on consumer confidence. U.S. equity futures ended the premarket ...

Apple inroduces "free app of the week," Engadget reports

Fri, 25 May 2012 15:28:34 +0000

Apple (AAPL) is introducing a "free app of the week" offer, Engadget reports. Amazon (AMZN) has been offering a free app of the day, but that offer is good for Android (GOOG) users only.

Google may be planning to add events, local features to Google+, The Verge says

Fri, 25 May 2012 14:51:40 +0000

Yesterday's update of the Google+ Android app from Google (GOOG) contained hidden references to features called "Events" and "Local," according to The Verge, which cited an unnamed ...

VeriFone tumbles after blaming currency for guidance miss

Fri, 25 May 2012 14:40:39 +0000

VeriFone (PAY) is slumping after the company last night reported stronger than expected Q2 results, but provided weaker than expected Q3 guidance and reiterated its outlook for FY12. VeriFone said that ...

On The Fly: Analyst Initiation Summary

Fri, 25 May 2012 14:31:51 +0000

Today's noteworthy initiations include: Acquity Group (AQ) initiated with a Buy at Citigroup... Acquity Group initiated with an Outperform at William Blair... Callidus Software (CALD) initiated with an ...

On The Fly: Analyst Downgrade Summary

Fri, 25 May 2012 14:31:48 +0000

Today's noteworthy downgrades include: Heinz (HNZ) downgraded to Hold from Buy at Jefferies... Heinz downgraded to Neutral from Overweight at JPMorgan... Lululemon (LULU) downgraded to Hold from Buy at ...

GM discloses wife of CFO works for ad agency that received $600K from company

Fri, 25 May 2012 14:28:50 +0000

General Motors disclosed in a regulatory filing that it has recently learned about a related party transaction in 2011 not included in the proxy statement. Pernilla Ammann, the wife of GM's CFO Dan Ammann, ...

Talbots, Sycamore talks end with no deal; Talbots shares sink

Fri, 25 May 2012 14:21:08 +0000

This morning, Talbots (TLB) said Sycamore Partners, which had been in exclusive talks to acquire it, was not prepared to execute a transaction at this time. Shares of Talbots are down 88c, or 34.38, to ...