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Ashok Kumar, Senior Technology Analyst, Maxim Group

Dell's profit dives as billionaire battle rages on

Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales...
Poornima Gupta, Reuters
Posted on 5-16-2013 at 4:47 PM

S&P downgrades Warren Buffett's Berkshire Hathaway

Warren Buffett's conglomerate Berkshire Hathaway Inc. had its credit rating downgraded to AA from AA+ by Standard & Poor's Financial Services LLC. And while it kept an insurance...
Jacqueline Nelson, The Globe and Mail
Posted on 5-16-2013 at 11:05 AM

J.C.Penney needs time to climb out of 'abyss': CEO

J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the...
Phil Wahba, Reuters
Posted on 5-16-2013 at 4:54 PM

PotashCorp hikes dividend 25% as expansion winds down

Potash Corporation of Saskatchewan said on Wednesday it will hike its dividend by 25 percent, as it winds down a 10-year mine expansion program that will free up cash.
Reuters
Posted on 5-15-2013 at 6:31 PM

Gold at 4-week low under $1,400/oz on stronger dollar

Gold fell for the fifth straight session on Wednesday, hitting a four-week low below $1,400 US as the dollar strengthened to a six-week high versus the euro, clouding the metal's already...
Clara Denina, Reuters
Posted on 5-15-2013 at 1:55 PM

NY Fed warned about impact of rising rates on retail investors

Top U.S. money managers raised concerns at an informal discussion with New York Federal Reserve President William Dudley last month about the large inflow of dollars from mom-and-pop...
Jennifer Ablan and Jonathan Spicer, Reuters
Posted on 5-15-2013 at 7:35 AM

Ontario Teachers' Pension Plan taps new CEO

The Ontario Teachers' Pension Plan has named Ron Mock as its next chief executive officer.
Janet McFarland, The Globe & Mail
Posted on 5-14-2013 at 2:40 PM

Big U.S. data dominates market but new favorites emerging

Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack...
Marc Jones, Reuters
Posted on 5-14-2013 at 8:17 AM