Below please find daily updates pertaining to the latest in financial, business, and tax news:
Yahoo sells back half of Alibaba stake for $7.1B
Posted: Sun May 20 19:27:51 PDT 2012Interim Yahoo Inc. CEO Ross Levinsohn is going to get billions of dollars to help his turnaround efforts. Yahoo (NASDAQ:YHOO) on Sunday night announced a deal to sell half its stake in Chinese Internet giant Alibaba Group Holding Ltd. for 6.3 billion in cash and $800 million in new stock. Alibaba also agreed to buy back another quarter of Yahoo's stake at the price of a planned initial public...
Puget Sound Business Journal wins six regional journalism awards
Posted: Sun May 20 19:07:30 PDT 2012Puget Sound Business Journal staffers and a contributing writer won six awards May 19 in the Northwest Excellence in Journalism Contest sponsored by the Society of Professional Journalists. Staff Writer Greg Lamm and Assistant Managing Editor Steve Goldsmith won first place in the category of general news reporting for "Other people?s money," a three-part series on fallen Seattle financier Dar...
Milwaukee apartments sell for $11M in Chapter 11 reorganization
Posted: Sun May 20 16:01:02 PDT 2012Fox Point landlord Daniel Bruckner sold two Milwaukee sites to Jomela Properties for $11.1 million and will use the money to pay off debts in his Chapter 11 reorganization. Bruckner in January filed for Chapter 11 reorganization, listing more than 30 different properties under his ownership in Milwaukee and surrounding communities. They had a combined value of nearly $54.4 million. Major mortg...
Preakness 2012 photo gallery
Posted: Sun May 20 13:13:47 PDT 2012A record crowd of 121,309 packed sun-soaked Pimlico Race Course on Saturday for the 137th running of the Preakness Stakes, a race ending with Kentucky Derby winner I'll Have Another edging out Bodemeister for a thrilling victory. With the win, I'll Have Another now has a chance to capture horse racing's Triple Crown with a win at the Belmont on June 9. The Preakness crowd, up from 107,000 a y...
Business Journal wins 12 Greater Bay Area Journalism Awards
Posted: Sun May 20 07:55:51 PDT 2012The Silicon Valley/San Jose Business Journal won 12 awards at the 35th annual Greater Bay Area Journalism Awards given by the San Francisco Peninsula Press Club Saturday night. The Business Journal awards were in the non-daily newspaper category and the broadband category. The paper won were five First Place awards, four Second Place awards and three Third Place awards. The paper won one of ...
40-year old Raleigh woman qualifies for U.S. Olympic swimming trials
Posted: Sat May 19 18:27:36 PDT 2012She is a director of human resources for James Maynard's Golden Corral Corp. in Raleigh. And now, add an Olympic hopeful to the 40-year old Erika Braun's resume. Braun qualified for the U.S. Olympic trials on Saturday in the 50 freestyle swimming after she clocked 26.32 seconds. She had to beat 26.39 to qualify. This is not the first time Braun has qualified for the Olympic trials. She qualif...
Arizona, US banks still struggle with TARP, mortgage fund
Posted: Sat May 19 17:18:34 PDT 2012It's been more than four years since the U.S. Department of the Treasury invested $204.9 billion into 707 banks of all sizes under the Troubled Asset Relief Program initiative known as the Capital Purchase Program. In return for the investment, the banks agreed to give the Treasury an ownership interest in the form of preferred stock and warrants to purchase more stock. Banks that accepted TAR...
DBJ on CBS4: What business needs to know about Denver's camping ban
Posted: Sat May 19 14:18:15 PDT 2012Denver's new homeless camping ban has stirred controversy -- and triggered questions among business people about how the ordinance will work. The new rule, adopted by the Denver City Council May 14, takes effect May 29. It bans homeless people and others from camping overnight on public or private property without permission. The ordinance comes as the number of unsheltered homeless people ha...
EveryoneSolar seeks investors to grow in solar hot water market
Posted: Sat May 19 13:56:29 PDT 2012If you're interested in solar hot water heating for your home or small business, solar water heating startup EveryoneSolar LLC has a unique technology that is picking up interest, with five permits underway and a growing U.S. market opportunity. The company hopes to install more than 350 systems in 2012. Its competition comes from primarily outside the San Francisco Bay Area, companies such as...
Denver rated 5th cheapest destination for summer air travelers
Posted: Sat May 19 13:33:05 PDT 2012Denver ranks No. 5 on a list of the nation's 10 most affordable destinations for fliers this summer, based on air fares, according to Cheapflights.com. The website, which specializes in finding and publishing travel deals online, said the average roundtrip fare to and from Denver is $243. Chicago ranks No. 1, with average fares of $218. The ranking comes from an analysis of air fare deals th...
One of Steve Jobs' Last Gifts to the World
Posted: Sun May 20 18:37:16 PDT 2012The next iPhone was all part of the plan. ...
1 Huge Reason to Buy Procter & Gamble's Stock
Posted: Sun May 20 18:07:09 PDT 2012The importance of global diversification cannot be overstated. ...
The Great Retail Fail
Posted: Sun May 20 17:07:20 PDT 2012Is it time to duck and cover in the retail sector? ...
High Conviction Buy in MercadoLibre
Posted: Sun May 20 16:40:03 PDT 2012High Conviction Buy in MercadoLibre ...
Arctic Cat is on the Right Track
Posted: Sun May 20 16:10:03 PDT 2012Arctic Cat is on the Right Track ...
How Is Apple So Cheap?
Posted: Sun May 20 16:07:07 PDT 2012Here's where the whole "buy low" bit comes into play. ...
3 Reasons Facebook Isn't Google
Posted: Sun May 20 15:07:16 PDT 2012Don't bank on earning the same returns. ...
How the Dow's Earnings Season Went
Posted: Sun May 20 14:07:21 PDT 2012With all but one company's results in, things looked good in the first quarter. ...
Bristol-Myers Squibb's Thud Heard Round the World
Posted: Sun May 20 13:07:15 PDT 2012Bristol-Myers' dark ages have arrived as Plavix comes off patent. ...
3 Predictions for This Week
Posted: Sun May 20 12:07:08 PDT 2012This Fool sees three limbs to go out on, and he's the adventurous type. ...
