Shares of companies in data center hosting and what’s often referred to as “cloud computing,” are zooming today, after Verizon Communications (VZ) yesterday after the bell said it would acquire a player in the business, Terremark Worldwide (TMRK) for $1.4 billion in cash, a 35% premium to TMRK’s closing price.
Hence, [...]
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“In an over-saturated market, we're going back to basics, back to why we got into the business, back to the glory days of Hollywood with this,” Syndicate Hospitality Group's Tony Daly tells us today with the grand opening of the group's newest Hollywood nightlife venture just hours away. [...]
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For at least one time in his life and possibly still, Combs subscribed to the business up front/party in the back mentality.
Year book photo of the Castle Point manager and heir to the Dairy Queen fortune, Todd Combs. [Herald Tribune via BI]
Related: Why Warren Buffett Picked Todd Combs
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At the end of this year, SanDisk (SNDK) CEO Eli Harari will retire from the flash-memory giant he founded, to be replaced by his long-time sidekick Sanjay Mehrotra, now the company’s COO. He’ll be leaving the company at a time when the business is on a roll.
Yesterday, SanDisk posted Q3 [...]
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Infinera (INFN) shares are trading lower after Jefferies & Co. analyst George Notter this morning cut his rating on the optical networking company’s stock to Hold from Buy, although he lifted his price target to $12, from $9.
“We think the fundamentals of the business are very strong right now,” he [...]
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With Dell (DELL) conceding defeat to Hewlett-Packard (HPQ) in the bidding war for 3Par (PAR), the Street has returned to the business of trying to find the company something else to buy.
The Street’s suggested shopping list:
Compellent (CML) is up 99 cents, or 6.6%, to $16.
CommVault (CVLT) is up $1.11, or [...]
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The University of Chicago’s new business school building, designed by Rafael Vinoly who was inspired by Frank Lloyd Wright’s 1910 Robie House across the street, is oriented around a six-story, glass-and-steel atrium that acts as the school’s “living room.” The social space has helped change the view that the business school is a haven for math geeks and social misfits, said Stacey Kole, a deputy dean. “We’re working hard to break that perception,” Kole said. “When you come to campus, you see more activity. It’s a much more positive place to be.” [Bloomberg]
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Informatica (INFA) shares are trading higher after hours on better-than-expected Q2 results.
For the quarter, the business intelligence software provider posted revenue of $155.7 million and profits of 25 cents a share, ahead of the Street at $143.7 million and 23 cents.
INFA after hours is up 95 cents, or 3.5%, to [...]
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$$$ Hunting for London’s Best, Weirdest Martinis [Bloomberg]
$$$ Mr. Smith, who charges a retainer of $25,000 to $200,000 for clients who are professional athletes, said it’s not unusual for him to get calls from athletes at midnight, often about basic financial concepts: taxes, car leases, even questions about child support payments.
“It’s constant re-educating,” Mr. Smith said. “I have to re-educate them multiple times on the same issue. It just takes a lot more time.” [Investment News]
$$$ Rich are Defaulting on Loans at Higher Rate? Not So Fast… [CNBC]
$$$ In hard times, the business of selling sex continues to struggle, part 2 [T/S]
$$$ George Sors On The Crisis & The Euro [The New York Review Of Books]
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Disney (DIS) CEO Bob Iger floated the idea of a possible sale of the ABC broadcast network, but now seems unlikely to pursue a sale of the business, the New York Post reports.
DIS today is down 2 cents at $33.73.
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