Vine-ing Nemo! Six-second movies of the storm
Our friends at RebelMouse.com are curating Vines--short films made with Twitter's new video-sharing app--to capture this weekend's big northeast blizzard.By RebelMouse.com | Yahoo! News – Fri, Feb 8, 2013 4:51 PM EST
- Search for MH370 likely to take years: U.S. official1 hour 10 minutes ago
- Ukraine military operation kills 59 hours ago
- A firefighter’s plan to save lives and employ brothers
Being named Ohio’s “entrepreneur of the year” in April was enough to confirm for Zach Green that quitting his job as an Eli Lilly brand manager to start his own business was the right move. But seeing the announcement of his award in the paper alongside the news that his former employer would lay off 30 percent of its sales force “was the ultimate validation,” he says.
- Apple expands buybacks by $30 billion, OKs seven-for-one stock split
By Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Activist investor Carl Icahn, who had famously called on the iPhone maker to boost its buyback program, tweeted his approval of the move on Wednesday. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing the roughly 38 million that Wall Street had predicted. But whether Apple can again produce a revolutionary new product remains the central question in investors' and Silicon Valley executives' minds.
- U.S., euro zone activity up; China decline slows
By Rodrigo Campos and Jonathan Cable NEW YORK/LONDON (Reuters) - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese factory activity slowed, surveys showed on Wednesday. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index dipped to 55.4 in April from 55.5 in March. Economists polled by Reuters expected a reading of 56.0. Earlier on Wednesday, data showed China's HSBC/Markit flash PMI for April rose to 48.3 from March's final reading of 48.0, but was still below the 50 line separating expansion from contraction.
- Visa says revenue growth to slow, Russia sanctions hurting volumes
Visa Inc , the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. Visa's quarterly revenue growth slid to a single digit in percentage terms for the first time in more than four years, due to a strong U.S. dollar. The company and rival MasterCard Inc stopped providing services to two Russian banks after U.S. President Barack Obama imposed sanctions on Russia in March after a standoff over Ukraine. "We are caught between the politics of the United States and the politics of Russia," Chief Financial Officer Byron Pollitt said on a post-earnings conference call on Thursday.
- Buffett says abstained from voting on Coca-Cola's compensation plan: CNBC
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders vote. Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan. Critics, most notably activist investor David Winters, said the plan would dilute the holdings of current shareholders too much. As of December 31, Berkshire owned 400 million shares of the company, just over 9 percent of the shares outstanding.
- Ahead of earnings, Caterpillar dealer data paints mixed picture
(Reuters) - Caterpillar Inc released unaudited dealer sales data on Wednesday that showed a deepening deterioration in global demand for its mining equipment but a continued, albeit modest, rebound in sales of construction equipment as well as reciprocating and turbine engines. The world's largest maker of construction and mining equipment said global dealer sales of its yellow earth-moving machines fell 12 percent year-over-year in March, after falling 8 percent in both January and February. Equipment demand from mining customers was especially weak, Caterpillar said, with global dealer sales of those high-margin products tumbling 46 percent in March after falling 37 percent in both January and February. The downturn in demand for mining equipment was especially dramatic in the Asia-Pacific region, where dealer sales slumped 65 percent in March after falling 55 percent in February and 53 percent in January.
- Buffett: moving oil by rail safely major industry concern
By Luciana Lopez NEW YORK (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline was unlikely to prompt additional purchases of tank cars at Berkshire railroad unit BNSF. COCA-COLA COMPENSATION PLAN Buffett also said, in an interview with CNBC the same day, that he thinks Coca-Cola's equity compensation plan was excessive, but that Berkshire Hathaway abstained in a shareholders vote. Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan.
- Valeant CEO 'disappointed' in Allergan poison pill: CNBC
(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill. Allergan on Tuesday night said its board of directors had adopted a one-year stockholder rights plan to give it more time to consider takeover proposals. The Valeant offer was made with Pershing Square Capital Management hedge fund, which built up a stake in the company. ...