Financial News Editor, Financial Times
Sightings on markets and companies from the FT's financial news editor. Started out in hot-metal era as copyboy on Adelaide News. Views my own, not the FT's.
allthingsd.com — The Yahoo board has approved a massive $1.1 billion deal to buy Tumblr. Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.
blogs.wsj.com — By Caroline Henshaw Quiz question: What is the world's most expensive bank? Analysts at UBS think the answer is Commonwealth Bank of Australia , having crunched numbers like its price-earnings ratio or book value and compared them to global peers such as Citigroup Inc. or HSBC Holdings PLC.
nytimes.com — AT 11 a.m. on a Wednesday earlier this month, Michelle Edkins and her team began wheeling extra chairs into a cramped conference room in a San Francisco office tower, preparing for the corporate-governance equivalent of speed dating. Once settled, Yumi Narita started describing the disappointing qualities of a big entertainment company she'd been checking out.
ft.com — Here is a conundrum. Stock markets are rallying. Companies have never been worth so much. Yet the earnings season of the past month or so has revealed little growth in corporate bottom lines, and no growth at all in top-line sales. Why? Stock market
reuters.com — Credit: Reuters/Adrees Latif A couple walk past the offices of the Associated Press in Manhattan, New York May 13, 2013. "Officials that would normally talk to us and people we talk to in the normal course of news gathering are already saying to us that they're a little reluctant to talk to us," Pruitt said on CBS's "Face The Nation" program.
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