Comcast to start charging heavy downloaders extra
BY: Associated Press
POSTED: May 17, 2012
Tags: at&t, Business, charge, comcast, comcast corp., data, downloaders, monthly data limit, service, Time Warner Cable
NEW YORK — Comcast, the country’s largest Internet service provider, is going to start charging extra when customers go over a certain monthly data limit. That limit, however, is very high, starting at 300 gigabytes for basic Internet plans. Only a tiny fraction of Internet users use that much data in a month. Comcast Corp., [...]
Boscov’s returning to White Marsh Mall
BY: Daily Record Staff
POSTED: May 17, 2012
Tags: Baltimore, Bankruptcy, Boscov's, Business, department store, General Growth Properties Inc., maryland, return, White Marsh Mall
Boscov’s will open a department store at White Marsh Mall in November, inside the same 197,000-square-foot store that it closed in 2008, along with two others in the Baltimore area, after filing for bankruptcy protection. “I’m glad we are returning to White Marsh Mall,” said Albert Boscov, chairman and CEO of the Reading, Pa.-based chain. [...]
Buffett’s Berkshire to buy Media General papers
BY: Associated Press
POSTED: May 17, 2012
Tags: acquisition, berkshire hathaway, buffalow news, dealtaker.com, media general, morning news, omaha world-herald, richmond times-dispatch, tampa tribune, television stations, warren buffet, washington post co., winston-salem journal
NEW YORK — Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent stake in the company, which will still own 18 TV stations. Media General also [...]
Facebook set to price initial public offering
BY: Associated Press
POSTED: May 17, 2012
Tags: Business, facebook, initial public offering, investors, ipo, Nasdaq Stock Market, New York Stock Exchange, shares
NEW YORK — Facebook’s initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday. Facebook Inc. will likely price its IPO late Thursday, meaning that the investment banks orchestrating the offering will determine the price at which they plan to [...]
Garrett County boosts hotel tax
BY: Associated Press
POSTED: May 17, 2012
Tags: adventure sports center international, economic development, garrett county, hotel tax, Hotels, monty pagenhardt, Tourism, whitewater course
OAKLAND — Garrett County officials say a boost in the local hotel tax will help pay for the county’s recent acquisition of a manmade whitewater course in western Maryland. The Cumberland Times-News reports that the county commissioners voted Tuesday to raise the hotel tax from 5 percent to 6 percent, effective July 1. County Administrator [...]
Human Genome adopts ‘poison pill’ measure
BY: Associated Press
POSTED: May 17, 2012
Tags: abthrax, benlysta, biotech, GlaxoSmithKline PLC, human genome sciences, lupus, poison pill, shareholders rights, shares, stock, unsolicited takeover
ROCKVILLE — Biotech drugmaker Human Genome Sciences Inc.’s board has adopted a “poison pill” shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from British pharmaceutical giant GlaxoSmithKline PLC. The Rockville company said Thursday its plan lasts for a year and will dilute [...]
Sears Holdings returns to a profit in 1st quarter
BY: Associated Press
POSTED: May 17, 2012
Tags: Capital, earnings, edward lampert, kmart, land's end, revenue, rob schriesheim, sears, sears canada, sears holding corp., store closings, wall street
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores. The Hoffman Estates, Ill., company, which runs Sears, Kmart and Lands’ End, also said Thursday that it plans to spin off a minority stake in Sears Canada Inc. Sears earned $189 million, or [...]
Facebook investors to cash out more shares
BY: Associated Press
POSTED: May 16, 2012
Tags: advertising, display advertising, dst global, facebook, ford, general motors, goldman sachs, google, initial public offering, mark zuckerberg, Nasdaq, tiger global
NEW YORK — Insiders and early Facebook investors are taking advantage of increasing investor demand and selling more of their stock in the company’s initial public offering, the company said Wednesday. Facebook said in a regulatory filing that 84 million shares, worth up to $3.2 billion, are being added to what’s shaping up to be [...]
Southwest Airlines doubles buyback and dividend
BY: Associated Press
POSTED: May 16, 2012
Tags: airlines, Business, dividends, shares, southwest, stock, travel
DALLAS — Southwest Airlines Co. is doubling its $500 million share buyback program to $1 billion and raising its quarterly dividend to 1 cent per share. Southwest says its $500 million repurchase program was approved in August. It has bought back about 39 million shares for $325 million under the program as of Tuesday. Around [...]
FTC: Skechers deceived consumers with shoe ads
BY: Associated Press
POSTED: May 16, 2012
Tags: attorneys general, brooke burke, clinical studies, consumers, david vladeck, federal trade commission, kim kardashian, reebok, resistance runner, shape-ups, skechers, tone-up shoes, toners
WASHINGTON — The government wants you to know that simply sporting a pair of Skechers’ fitness shoes is not going to get you Kim Kardashian’s curves or Brooke Burke’s toned tush. Skechers USA Inc. will pay $40 million to settle charges by the Federal Trade Commission that the footwear company made unfounded claims that its [...]
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