BloombergAbbVie Board Recommends Holders Vote Against Shire DealBloombergShire Plc (SHP) stock plunged for a second day after AbbVie Inc. (ABBV)'s board recommended that shareholders vote against a 32.5 billion-pound ($52 billion) takeover of the maker of rare-disease treatments, citing a change in tax rules that would …AbbVie board …
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When we first see Michael Keaton in “Birdman,” Alejandro G. Inarritu’s bracingly inventive and accomplished new film about fame, relevance, self-worth and lots of other intense stuff, he’s sitting in his white undies, in the middle of a dressing room. Of course you think, “How’d he DO that?…
‘The Walking Dead’ Intro Recut With Drunk People Works A Little Too Well
They stumble around, they smell bad and they probably shouldn’t be operating a vehicle. No, we’re not talking about zombies. We mean drunk people. To welcome back “The Walking Dead” for Season 5, YouTube’s Marca Blanca put together a recut of the show’s intro with a bunch of inebriated folks replacing …
Gas Prices Falling – Alton Daily News
Alton Daily NewsGas Prices FallingAlton Daily NewsGas prices in the Riverbend and Metro East are as low as they've been for the first time in almost four years. Prices dropped to below $3 per gallon for regular unleaded earlier this week and have held there for a few days. …
Loonie, oil prices could fall much further: Don Pittis
Oil prices are falling and, if history repeats itself, there’s no reason they can’t fall much further yet. If that happens, the impact on your life will be much more significant than saving a few dollars filling up your gas tank.
When will companies stop hoarding cash?
The fuel for the next leg of the economic recovery is literally sitting in the bank.
GM sides with U.S. wireless carriers in net neutrality fight
General Motors has emerged as a heavyweight ally of the wireless carriers battling against stricter Internet traffic rules, with a new letter that linked the issue to wirelessly connected cars. In a letter to a Federal Communications Commission official reviewed by Reuters on Wednesday, Harry Lightsey III, executive director of …
Eater Tastings: Tavernita Shutters Amidst Tax Debt; RPM Steak Debuts; More
This week's top dish from Eater Chicago, Curbed's restaurant, bar, and nightlife blog… RIVER NORTH—Mercadito's Spanish drinking and eating hotspot Tavernita shuttered yesterday amidst a revoked liquor license and $75,000 in state tax debt. Their casual Mercadito Counter opened this…
Last call at Atlantic City’s Revel: a few bettors, $5 bottles, state cops
By Daniel Kelley ATLANTIC CITY N.J. (Reuters) – Shortly before sunrise on Tuesday, Morgan Capezzera reclined on the roulette table at the Revel Casino in her bikini and snapped a selfie before the Atlantic City gambling hall shut its doors for good. "I love Revel," said Capezzera, 30, of …
Doubts return at SandRidge a year after CEO ousted by investors
By Anna Driver HOUSTON (Reuters) – In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value. The oil and gas producer’s shares rose as much as 50 percent in the …
Russia’s PM signals $40 billion state help for Rosneft possible: Vedomosti
Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft , in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over time, Vedomosti newspaper said on Monday. Last month, a government source said that the company's head Igor Sechin …
Oklahoma judge rules against Obamacare tax subsidies
By Lawrence Hurley WASHINGTON (Reuters) – A federal judge in Oklahoma ruled on Tuesday that tax subsidies vital to the implementation of President Barack Obama's signature healthcare law are unlawful, giving a boost to opponents of the measure known as Obamacare. U.S. District Judge Ronald White found that the …
Ford loses bid to recoup $450 million interest on overpaid taxes
By Jonathan Stempel (Reuters) – A federal appeals court rejected Ford Motor Co's bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker. The 6th U.S. Circuit Court of Appeals in Cincinnati did not accept Ford's argument that its …
Citi’s consumer banking head plans to leave: WSJ
(Reuters) – Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Details of Medina-Mora's departure were not finalized and …
U.S. stocks slide allows short sellers to smile again
By Svea Herbst-Bayliss BOSTON (Reuters) – The stock market's long-suffering short sellers finally have something to smile about. Investors who make a living betting that stock prices will fall are in a position to profit handsomely as the U.S. equity market sinks, with its biggest weekly plunge …
Intel’s quarterly results underscore challenge in mobile
By Noel Randewich SAN FRANCISCO (Reuters) – Intel's mobile and communications group took in a scant $1 million in revenue in the third quarter, underscoring the challenge the top chipmaker faces expanding into smartphones and tablets. The Santa Clara, California-based company on Tuesday reported third-quarter results that beat …
Bank of America earnings slump on legal settlement
NEW YORK (AP) — Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities.
Wall Street drops on global economy worry
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Each of the major indexes fell more than 2 percent shortly after the open, sending the S&P 500 and Nasdaq …