Below please find daily updates pertaining to the latest in financial, business, and tax news:
Google does 'toothbrush test' before it buys
Posted: Wed Jun 19 06:38:58 PDT 2013Google uses a "toothbrush test" before it buys a company, like the billion-dollar acquisition of Waze last week. And it may start partnering with private equity firms as it looks to add on more startups. That's what mergers and acquisitions chief Don Harrison said during an appearance at a Bloomberg conference on Tuesday in Half Moon Bay. The toothbrush test has nothing to do with the appear...
Netflix tailoring service for families
Posted: Wed Jun 19 06:38:39 PDT 2013Netflix is doing business family style. The subscription video-on-demand giant launched its latest online platform, Netflix.com/familes, that features recommendations on family TV and film content and video instructions on how to stream and use to maximize family use of Netflix, according to L.A. Biz. The link builds upon Netflix's "Just for Kids" platform and arrives just in time for summer v...
Men's Wearhouse drops co-founder from chairman role
Posted: Wed Jun 19 06:35:38 PDT 2013The Men?s Wearhouse Inc. (NYSE: MW) said Wednesday its board of directors has terminated George Zimmer, a co-founder of the company, from his position as executive chairman. With his well-known television commercials and tagline, ?You?ll love the way you look,? Zimmer serves as the de facto face of Men?s Wearhouse. The Houston clothing retailer?s board of directors said in a statement Wednesd...
TalkingRain launches 'multi-million dollar' ad campaign
Posted: Wed Jun 19 06:35:01 PDT 2013TalkingRain Beverage Co. said it's launched a "multi-million dollar" advertising campaign for its Sparkling ICE beverage. The Preston company said television advertising will begin June 20 on shows including "Good Morning America" and the "Today Show," and networks including E!, Style, and Bravo. In addition, billboards will be erected in major markets including New York Los Angeles, Chicago ...
Verizon activates 24 4G LTE sites in Central Florida in May
Posted: Wed Jun 19 06:34:30 PDT 2013Verizon Wireless activated 24 new 4G LTE sites in Central Florida in May, the company announced June 19. The new cell sites are in Orange, Osceola, Lake, Seminole, Brevard and Volusia counties, and most were placed on existing cell sites. The company spent $240 million in Florida upgrading to 4G LTE in 2012, and has spent $500 million in Florida since 2010 upgrading the infrastructure. ?We?r...
Will fast-rising mortgage rates harm housing recovery?
Posted: Wed Jun 19 06:34:19 PDT 2013Mortgage rates in the past few weeks have risen at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country?s economic recovery, the Washington Post reports Wednesday. In the short term, the jump in interest rates is spurring home buyers in some hot markets to action, adding to the already frenzied competition to get a home. But a sustained ris...
Zuckerberg ditches the hoodie for meeting with South Korean President
Posted: Wed Jun 19 06:31:38 PDT 2013Facebook CEO Mark Zuckerberg got a celebrity welcome in South Korea on Tuesday, with a crowd of young people taking photos of him entering and exiting Samsung?s headquarters in Seoul, the Wall Street Journal reports. The 29-year-old billionaire left his hoodie and jeans at the hotel, and instead wore a black suit and gray tie for his 30 minute meeting with President Park Geun Hye. Later, he me...
Drillinginfo acquires Denver software co.
Posted: Wed Jun 19 06:30:35 PDT 2013Drillinginfo Inc. has bought Denver-based Transform Software & Services Inc. Financial terms of the deal were not disclosed. The deal marks the third acquisition since Austin-based Drillinginfo completed a $165 million financing in March 2012. Transform, founded in 2004, develops analytic interpretation and modeling software. It employs 30 workers. Austin-based Drillinginfo, which was found...
Foreclosure filings down by half in Colorado urban counties
Posted: Wed Jun 19 06:27:57 PDT 2013New foreclosure filings in Colorado's urban counties dropped in May to less than half their level of May 2012, the Colorado Division of Housing reported today. New foreclosure filings in Colorado's urban counties dropped in May to less than half their level of May 2012, the Colorado Division of Housing reported today. And foreclosure auction sales dropped by 25.4 percent last month from a yea...
18-story office tower set for North Hills in Raleigh
Posted: Wed Jun 19 06:27:29 PDT 2013Kane Realty Corp. is expected to announce later today that it is breaking ground in December on its next major office tower at North Hills in Raleigh, the 300,000-square-foot Tower Two building. Tower Two will reach to 18 stories high ? only one floor taller than CapTrust Tower ? but it will appear larger than CapTrust because of its higher ground elevation at the intersection of Six Forks Roa...
Cloud Marketing Stocks: Demand Is Growing, but so Is the Competition
Posted: Wed Jun 19 06:40:04 PDT 2013Cloud Marketing Stocks: Demand Is Growing, but so Is the Competition ...
What is Microsoft's Next Ten Billion Dollar Idea?
Posted: Wed Jun 19 06:40:04 PDT 2013What is Microsoft's Next Ten Billion Dollar Idea? ...
Invest in Breakfast for Healthy Returns
Posted: Wed Jun 19 06:40:04 PDT 2013Invest in Breakfast for Healthy Returns ...
M&T and Hudson City Bancorp Union Could Be Right Around the Corner
Posted: Wed Jun 19 06:39:44 PDT 2013Money-laundering controls got in the way for a while, but the marriage is on again. ...
Signet Sets $350 Million Buyback Plan and Dividend
Posted: Wed Jun 19 06:38:20 PDT 2013Specialty jeweler raised the payout to investors last quarter. ...
Today Marked the 6th Consecutive 100-Point Move for the Dow
Posted: Wed Jun 19 06:32:47 PDT 2013After three 100-point down days, the Dow has now closed higher by 100 points during the last three trading sessions. ...
Dollar General Completes $200 Million Buyback Plan
Posted: Wed Jun 19 06:31:30 PDT 2013Deep discount store chain has repurchased some $1.1 billion worth of stock since 2011. ...
3 Private Equity Stocks for an Improving Economy
Posted: Wed Jun 19 06:30:04 PDT 20133 Private Equity Stocks for an Improving Economy ...
3 Chinese Internet Companies Poised for Gains
Posted: Wed Jun 19 06:30:04 PDT 20133 Chinese Internet Companies Poised for Gains ...
This P/E Suggests Wm. Morrison Supermarkets Is a Hold
Posted: Wed Jun 19 06:27:50 PDT 2013Wm. Morrison Supermarkets looks cheap based on last year's earnings, but is it a buy? ...
