Dow Jones Average Closes at Another Record High
(NEW YORK) — Materials and energy companies led the stock market higher Tuesday, sending the Dow Jones industrial average to its second all-time high in a week. The Dow closed at 14,673.46, a gain of 59.98 points, or 0.4 percent. The Standard & Poor’s 500 index also rose 0.4 percent, closing less than two points below its own all-time high set April 2. The prices of metals like copper, gold and silver have rebounded this week after slumping for the first three months of the year on waning demand. Oil is also rising following a sharp decline last week. “You’re seeing some pretty decent action in the overall market, with today’s leadership coming from the basic materials sector,” said Robert Pavlik, chief market strategist at Banyan Partners. “It’s an area of the market that does represent some value because it’s underperformed.” The rally in basic materials such as precious metals was caused by a weakening of the dollar against other currencies, HSBC analyst Howard Wen ...
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New York Times Co. To Sell Boston Globe Amid Changing Media Landscape
The Times they are a-changin’ — again. The New York Times Co., parent company of the Gray Lady, plans to sell The Boston Globe, the venerable newspaper founded in 1872 by six Boston businessmen. The sale, which has been expected, is another indication of the rapidly changing U.S. media landscape, as the Internet transforms traditional media companies and new upstarts rise to challenge them. The decision to sell The Globe (part of the New England Media Group) is the first major action undertaken by new Times Co. CEO Mark Thompson, the former head of British Broadcasting Corp. For the last several years, The Times has been shedding assets and developing a new strategy centered around video, mobile devices, social media, and international growth. In short, The Times aims to become the premier global news organization, one deeply rooted in technology. “Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New ...
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Mergers and Acquisitions Boom! Is This a Good Sign for the Economy?
Wall Street dealmakers are off to a busy start to 2013, as some of corporate America’s most recognizable names have become involved in multi-billion-dollar mergers and acquisitions. Just yesterday, American Airlines and US Airways announced they would be merging in an $11 billion deal, while private equity firm 3G and Warren Buffett‘s Berkshire Hathaway announced a $28 billion joint acquisition of food conglomerate H.G. Heinz. And these two deals follow hard upon $24.4 billion leveraged buyout of Dell by private equity firm Silver Lake Partners and the firm’s founder, Michael Dell. Indeed, according to data from Deallogic, U.S. companies have spent $219 billion on mergers and acquisitions so far in 2013, a sharp increase from 2012, when firms spent just $85 billion during the same period. And U.S. firms are on pace to have the biggest year in M&A activity since 2000. While all this activity will be surely benefit shareholders of acquired firms — as well as lots of Wall ...
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Canada: Shedding Light On The Boogie Man: A Cautionary Tale For Experts - Campbell Valuation Partners Limited
Gould v. Western Coal Corporation (2012 ONSC 5184) involved a motion to certify the action as a class proceeding under the Class Proceedings Act.
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Can Ninja Turtles save Nickelodeon?
Friday, September 28, 2012 - 00:50 Neilson Barnard/Getty Images for Nickelodeon Teenage Mutant Ninja Turtles Michelangelo, Raphael, Leonardo, and Donatello experience the Big Apple to prepare for their series premiere. Nickelodeon is hoping the franchise will boost its falling ratings. This Saturday, some classic heroes are going back in action. Nickelodeon is reviving the Teenage Mutant Ninja Turtles. And hoping the heros-in-a-half-shell can help save the flagging network. These new turtles aren't the TMNT of my youth. They're cooler. Hipper. And Nickelodeon is betting they'll still have some of that "turtle power" that made them such an '80s and '90s mainstay. Turns out the network needs a little rescuing. "About this time last year, Nickelodeon fell off the proverbial cliff," says Todd Juenger, a media analyst at Sanford Bernstein, "Nickelodeon, which has been the No. 1 kids network for 13 years, is now, at best, the No. 2 network and is neck and neck for No. 3 with the Cartoon ...
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