Sunac to Exceed Sales Target Countering China’s Property Curbs
Sunac China Holdings Ltd. (1918), the Chinese developer part-owned by buyout firm Bain Capital LLC, expects to exceed its sales target this year as demand remains strong even amid the... Read more »
Buffett Says Berkshire Stretched on Heinz Price in Bet on Lemann
Warren Buffett said his Berkshire Hathaway Inc. (BRK/A) was willing to invest $12.1 billion alongside 3G Capital in a deal for HJ Heinz Co. (HNZ) because of his faith in... Read more »
Disney’s ‘Iron Man 3’ on Track for Sales of Up to $170 Million
“Iron Man 3,” the superhero movie from Walt Disney Co. (DIS)’s Marvel division, may earn as much as $170 million in its opening weekend, placing it among the best debuts... Read more »
J&J Recalls Some Children’s Tylenol in South Korea
Johnson & Johnson (JNJ) said its South Korea unit recalled some children’s Tylenol after discovering that bottles contained too much of the medicine. The company withdrew Children’s Dye-Free Tylenol Suspension... Read more »
U.S. Cellular Will Begin Offering Apple Products This Year
U.S. Cellular Corp. (USM), a Chicago-based provider of mobile-phone service, expects to get Apple Inc. (AAPL) products later this year, joining the country’s four largest carriers in offering the devices.... Read more »
MBIA Settles Flagstar Mortgage Lawsuit for $110 Million
MBIA Inc. (MBI) said Flagstar (FBC) Bancorp Inc. agreed to pay $110 million to settle a lawsuit accusing it of making misrepresentations to induce MBIA to insure mortgage- backed securitizations... Read more »
Aereo Says Networks Bluffing on Threat of Switch to Cable
Aereo Inc. Chief Executive Officer Chet Kanojia challenged CBS Corp. (CBS) and News Corp. (NWSA)’s Fox broadcast network to follow through on threats to go off the air and switch... Read more »
LinkedIn Sales Forecast Lags Estimates Amid Shift to Mobile
May 2 (Bloomberg) — LinkedIn Corp., the biggest online professional-networking service, fell as much as 12 percent after forecasting sales that trailed analysts’ estimates, raising concern that mobile advertising will... Read more »
Alaska North Slope Oil Output Fell 5.8% in April, State Reports
Oil production from Alaska’s North Slope dropped 5.8 percent in April, a faster pace than its March decline, as a problem at BP Plc (BP/)’s Central Gas Facility curtailed crude... Read more »