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Monday, February 24, 2014

Business Today: Icahn, eBay trade accusations as fight escalates

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02/24/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Icahn, eBay trade accusations as fight escalates
NEW YORK (Reuters) - Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot - or ignoring - conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal payments business.
S&P 500 ends just shy of record close; insurers climb
NEW YORK (Reuters) - U.S. stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers' shares and optimism about merger activity.
Services growth slows in February: Markit
NEW YORK (Reuters) - Growth in the services sector as well as the pace of hiring slowed in February, an industry report showed on Monday, the latest data to suggest an unusually cold winter is dragging on economic activity.
Men's Wearhouse keeps up chase for Jos. A. Bank with higher offer
(Reuters) - Men's Wearhouse Inc pressed on with its bid for Jos. A. Bank Clothiers Inc , boosting its offer by more than 10 percent in spite of the smaller company's effort to stay independent by buying outdoor clothing retailer Eddie Bauer.
Data breach costs seen crimping Target's firepower for buybacks
NEW YORK (Reuters) - Several analysts expect Target Corp to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers.
Harsh weather tests optimism over U.S. economy
WASHINGTON (Reuters) - Unusually cold weather will take a bite out of U.S. economic growth this quarter, but a rebound seems likely on the horizon and expectations for stronger growth this year have not changed.
Senate committee sets date for Comcast, Time Warner Cable hearing
WASHINGTON (Reuters) - The Senate Judiciary Committee plans to hold a hearing on March 26 to examine how the proposed merger of Comcast Corp and Time Warner Cable Inc would affect consumers, the committee's chairman said on Monday.
UAW chief: Appeal in failed vote centers on outsiders, not VW
(Reuters) - The head of the United Automobile Workers said on Monday that the union's appeal of a failed organizing effort at a Volkswagen plant in Chattanooga, Tennessee, will focus on the actions of outside parties, not the German automaker itself.
AT&T speaking to Netflix about deal for faster speeds
(Reuters) - AT&T Inc said it is talks with Netflix about a possible agreement to improve performance for broadband customers who use the streaming video service.
Don't bet the farm; keep investments simple, diversified: Buffett
NEW YORK (Reuters) - Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow.
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