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Durable Goods Down in July 26 Aug 2013 | 04:35 pm
ABJ – Aug. 26 – Orders for durable manufactured goods were off sharply in July, sending concern throughout the economic community. In fact, it was the largest decline in almost a year and once again h...
Ballmer to Retire; Microsoft Shares Surge 23 Aug 2013 | 10:43 pm
ABJ – Aug. 23 – Microsoft CEO Steve Ballmer announced his unexpected retirement plans today, resulting in shares of the software maker moving up almost 6 per cent. The 57-year-old Ballmer took over as...
Wells Fargo Cuts 2,300 Jobs 22 Aug 2013 | 11:01 pm
ABJ – Aug. 22 – Wells Fargo is purging its workforce its workforce by 2,300 employees due to rising interest rates and declines in mortgage refinancing. "Yesterday, at locations across the country, we...
Housing Rebound Helps Home Retailers 21 Aug 2013 | 05:41 pm
ABJ – Aug. 21 – Lowe's home improvement stores reported a bigger-than-expected gain in quarterly profit and sales thanks in large part to the housing market's recovery in recent months. The surprising...
Icahn Seeks Fast-Track of Dell Lawsuit 16 Aug 2013 | 04:23 pm
ABJ – Aug. 16 – Activist investor Carl Icahn is asking a Delaware court to fast-track his lawsuit against Dell as part of his ongoing bid to derail CEO Michael Dell's $24.8 billion offer to buy and ta...
Black-listed from U.S. Directorships 16 Aug 2013 | 04:22 pm
ABJ – Aug. 16 – Former Canadian media magnate Conrad Black has been banned by the U.S. securities regulator from becoming a director of an American company. On top of that, he must also pay more than ...
Berkshire Hathaway Has Active Quarter 15 Aug 2013 | 04:35 pm
ABJ – Aug. 15 – Regulatory filings confirm that Berkshire Hathaway raised its stake in General Motors by 60 per cent and its holding in Wells Fargo by 1.1 per cent in the second quarter and took a new...
Verizon Backing Out of Canada? 15 Aug 2013 | 04:35 pm
ABJ – Aug. 15 – It appears telecom giant Verizon Communications is rethinking its strategy as to whether or not it will continue to pursue ownership of Canadian wireless telecoms WIND Mobile and/or Mo...
Cisco Cutting 4,000 Jobs 15 Aug 2013 | 04:34 pm
ABJ – Aug. 15 – Computer network equipment giant Cisco has seen its stock plummet a day after it announced plans to axe 4,000 employees, which represents about 5 per cent of its entire global workforc...
Two Charged in London Whale Scandal 14 Aug 2013 | 09:40 pm
ABJ – Aug. 14 – Two former employees at JPMorgan Chase & Co have now been criminally charged in connection with the trading scandal that cost the bank about $6.2 billion last year. But the infamous tr...
