Uploaded by FinancialNewsOnline on Feb 28, 2012
This is what's in the news for Tuesday
February 28, 2012. The Wall Street Journal reports the price of memory
chips used in personal computers jumped on expectations that the failure
of Japanese chip maker Elpida Memory, which filed for bankruptcy
protection yesterday, will tighten global supply in the near term.
Reuters reports Yahoo (NASDAQ:YHOO) is demanding licensing fees from
Facebook for use of its technology, which could engulf social media in
the patent battles and lawsuits seen across much of the tech sector.
Bloomberg reports Berkshire Hathaway (NYSE:BRK.A) Chairman Warren
Buffett has said he's “on the prowl” for large deals, making companies
from Stanley Black & Decker (NYSE:SWK) to Parker Hannifin (NYSE:PH)
the most attractive takeover targets.
Finally, Bloomberg also reports
now that GM (NYSE:GM) has regained the global sales leadership from
Toyota (NYSE:TM), it's planning new Cadillac models to more than double
sales and overtake the Japanese automaker’s Lexus luxury brand.
No comments:
Post a Comment