Chesapeake faces enduring entanglements with departing CEO
(Reuters) – Aubrey McClendon will no longer be running Chesapeake Energy Corp come April 1. But he is likely to remain deeply entangled with the company he founded 24 years ago. America's second-largest natural-gas producer said on Tuesday that McClendon is stepping down as chief executive and a board member. He is leaving behind legal predicaments and intertwined personal and corporate interests that analysts say could linger for years. Among the trickiest to unwind is his signature perk. McClendon controls interests of up to 2. …
Facebook's mobile ad revenue doubles in fourth quarter
SAN FRANCISCO (Reuters) – Facebook Inc doubled its mobile advertising revenue in the fourth quarter, a sign that the No.1 social network is seeing early success in expanding onto handheld devices as more of its users migrate to smartphones and tablets. Investors want to see evidence that CEO Mark Zuckerberg's 8-year-old company is delivering on promises to develop a full-fledged mobile advertising business, a challenge facing many of today's technology leaders including Google Inc. But the growth trailed some of Wall Street's most aggressive estimates. …
Exclusive: Time Warner kicks off possible sale of NY headquarters
NEW YORK (Reuters) – Time Warner Inc is considering selling its New York headquarters and has asked real estate b rokers to evaluate the building's value, in a move that could see it relinquish one of the last vestiges of its disastrous merger with America Online, two sources said. One source said on Wednesday that the company could still hang on to its portion of the Time Warner Center, a complex that Chief Executive Jeff Bewkes once called an "indulgence." The industry sources did not want to be named because they were not authorized to discuss the matter. …
Vietnam deports American it detained for 9 months
HANOI, Vietnam (AP) -- Vietnam released and deported an American pro-democracy activist detained since April, a move that contrasts with the long prison terms given to Vietnamese activists who are members of the same U.S.-based dissident group.
Cricket-Australia name uncapped Maxwell and Henriques for India
Jan 31 (Reuters) – Australia have named uncapped allrounders Glenn Maxwell and Moises Henriques along with spinner Xavier Doherty in their 17-man squad for their four-test tour of India. Allrounder Steve Smith has also been recalled, while opening batsman David Warner is also on the squad released on Thursday, despite being under a cloud after breaking a thumb during practice. James Pattinson has been named in a five-man pace attack after missing most of the Australian summer with a rib injury. Australia play the first test in Chennai on Feb. 22. …
Israeli jets bomb military target in Syria
BEIRUT (AP) -- Israel's air force la unched a rare airstrike on a military site inside Syria, the Syrian government and U.S. and regional security officials said Wednesday, adding a potentially flammable new element to regional tensions already heightened by Syria's civil war.
Cricket-Australia test squad to tour India
Jan 31 (Reuters) – Australia named the following 17-man squad for their four-test tour of India in February and March. Australia: Michael Clarke (captain), Shane Watson, David Warner, Ed Cowan, Phillip Hughes, Matthew Wade, Nathan Lyon, Mitchell Starc, Mitchell Johnson, Jackson Bird, Xavier Doherty, Moises Henriques, Usman Khawaja, Glenn Maxwell, James Pattinson, Steve Smith, Peter Siddle (Compiled by Ian Ransom; Editing by Frank Pingue)
Wednesday's Scoreboard
Wednesday’s Games
P.K. Subban must accept new rules before rejoining Montreal Canadiens
OTTAWA – Before P.K. Subban gets back on the ice with the Montreal Canadiens, he better be ready to buy into a new philosophy.
Exclusive: Quintiles picks MS, Barclays, JPM for IPO - sources
NEW YORK (Reuters) – Quintiles Transnational Corp, the largest provider of testing services to drugmakers, has chosen Morgan Stanley , Barclays Plc and JPMorgan Chase & Co as joint bookrunners for a planned initial public offering, people familiar with the matter said on Wednesday. Quintiles, owned by private equity investors that include Bain Capital LLC and TPG Capital LP, held “bake-off” talks with investment banks to appoint bookrunners for an IPO, Reuters reported last week. …
Wednesday, January 30, 2013
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