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Biogen Idec seeks OK for new MS drug The Boston Globe, May 22, 2013 Wednesday  Biogen Idec Inc., which cemented its place as the dominant multiple sclerosis drug maker in March when it won US approval to sell an MS pill, said Tuesday it has applied to the Food and Drug Administration to market a third injectable MS drug.

Rise in Revenue at Medtronic Drives Shares Up The New York Times, May 22, 2013 Wednesday  MINNEAPOLIS -- Shares in Medtronic, a maker of medical devices, rose 5 percent Tuesday after the company reported better-than-expected fourth-quarter earnings on sales of implantable heart defibrillators and pacemakers.

Trying to Avoid Rejection, Sprint Nextel Raises Its Offer to Buy All of Clearwire The New York Times, May 22, 2013 Wednesday  6:03 p.m. | Updated Sprint Nextel sweetened its bid for full control of the wireless network operator Clearwire on Tuesday, moving at the last minute to avert rejection by shareholders. Sprint Nextel sweetened its bid for full control of the wireless network operator Clearwire on Tuesday in an effort to avert rejection by shareholders. Sprint is now offering $3.40 a share for the nearly 50 percent stake in Clearwire that it does not already own. That is 14 percent higher than the cellphone...

Next Xbox Will Face New Array Of Rivals The New York Times, May 22, 2013 Wednesday  REDMOND, Wash. -- Microsoft is betting it has a new way to win the wallets of consumers. The company on Tuesday introduced the new version of its Xbox video game console. The Xbox has been one of Microsoft's few undeniable consumer hits of the last decade, a product that was not just a credible entry into the games business but also a sign of the innovation possible at a company that is rarely seen as an inventive thinker. ''I think of Xbox as the accidental success out of Microsoft,'' said...

With His Magic Touch, Buffett May Be Irreplaceable for Berkshire The New York Times, May 22, 2013 Wednesday  Acquisitions usually come with a nice premium for the seller. But when Warren E. Buffett is the buyer, there is typically something of a discount. The ability to make acquisitions on favorable terms is a testament to Mr. Buffett's personality and skills as a deal maker. It also highlights an almost unsolvable problem for his company, Berkshire Hathaway, and its shareholders. When its 82-year-old chief executive is gone, who will negotiate such sweet deals? A case in point is the $28 billion...

Samsung, Google gain on Apple in brand value, customer satisfaction Los Angeles Times, May 22, 2013 Wednesday  Google and Samsung made gains on rival Apple in separate rankings on brand value and consumer satisfaction released Tuesday, signaling the Cupertino, Calif., tech giant's grip on the electronics industry is loosening.

UberMedia to tailor mobile ads to users; The company will cull GPS and social media information to target individual consumers. Los Angeles Times, May 22, 2013 Wednesday  Mobile advertising is about to become a lot more personal. Pasadena technology company UberMedia has launched a mobile advertising platform that tracks publicly available information provided by smartphone users on their social media channels and then offers users ads based on their interests and habits. UberAds scours sites such as Twitter, Pinterest and Instagram for clues about mobile device users. For example, the platform can send movie trailers to users who have tweeted frequently from a...

Yahoo's Gamble The New York Times Blogs (DealBook), May 21, 2013 Tuesday  To understand Yahoo's $1.1 billion acquisition of Tumblr, it may be useful to reflect on Yahoo's deal for GeoCities in 1999, Andrew Ross Sorkin writes in the DealBook column. Both Tumblr and GeoCities lost money when they were acquired. Both had at one point been averse to accepting advertising. Both companies had loyal followers that quickly left. The question raised by the GeoCities lesson, Mr. Sorkin writes, is, "How can a company with zero profits (actually, multimillion-dollar losses) and...

I.B.M. Puts Watson to Work in Business The New York Times Blogs (Bits), May 21, 2013 Tuesday  Since its triumph over human "Jeopardy!" champions two years ago, I.B.M.'s Watson has explored a number of frontiers for its artificial-intelligence technology, even inventing new recipes in the kitchen. To date, medicine has been Watson's most focused foray. Its machine intelligence has read through vast troves of medical texts, research papers and patient records to suggest diagnosis and treatment options at institutions including the Cleveland Clinic, the Memorial Sloan-Kettering Cancer...

Sale of Tumblr set to deliver big payday for Spark The Boston Globe, May 21, 2013 Tuesday  Boston's Spark Capital stands to make an enormous windfall from the $1.1 billion sale of the popular blogging site Tumblr Inc. to Yahoo Inc. The venture capital firm, which was instrumental in the early development of Tumblr and led its first two rounds of funding, had an ownership stake of about 18 percent in the start-up, according to Spark general partner Todd Dagres. The firm's total investment in Tumblr was under $15 million, so its potential profit could be around $180 million; at that...

For Kellogg's, a push for less means more; Firm launches latest expansion of Special K line The Boston Globe, May 21, 2013 Tuesday  NEW YORK — Special K was once just a line of cereals. Today, it's a diet food empire. The brand first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters who see its airy chips and pastries as a way to beat cravings and lose weight. And this summer, Kellogg Co. is building on its biggest moneymaker with a "hot cereal" called Special K Nourish that's made with quinoa and other grains.

Verizon, Sprint report best customer service results in wireless industry, survey says The Kansas City Star, May 21, 2013 Tuesday  The wireless telephone industry moved a couple steps forward in an annual customer satisfaction survey released Tuesday, with Verizon and Sprint holding the top two spots. Thanks to investments in technology and network upgrades, the wireless industry recorded a 2.9 percent gain in customer satisfaction in 2013 compared with last year, according to a report from the American Customer Satisfaction Index. The industry reported an overall index reading of 72 this year, up from 70 in 2012.

A Flashy Bet for Yahoo On a Shift in Social Media The New York Times, May 21, 2013 Tuesday  Yahoo's $1.1 billion proposed acquisition of Tumblr is a huge coup for the young founder of the even younger start-up and a splashy move by Marissa Mayer to shake up her company. It also heralds a larger shift in social media. Facebook arguably invented modern social networking, and is still the king. But increasingly its approach is seen as passive and outdated as people flock to sites like Tumblr where they can be more actively engaged in creating personal, expressive content to share -- and...

Ryanair Annual Profit Rises 13% The New York Times, May 21, 2013 Tuesday  PARIS -- The budget airline Ryanair reported a 13 percent increase in annual profit on Monday, as Europe's protracted economic downturn continued to send air travelers in search of the lowest fares.

Chesapeake Energy Names Successor to Ex-Chief The New York Times, May 21, 2013 Tuesday  HOUSTON -- Chesapeake Energy, the nation's second-largest producer of natural gas, announced on Monday that a senior Anadarko Petroleum executive would become its chief executive next month. Robert Douglas Lawler, Anadarko's senior vice president for international and deepwater operations, will succeed Aubrey McClendon, Chesapeake's co-founder, who was forced to step down after a shareholder uprising led by Carl C. Icahn and Southeastern Asset Management. Mr. McClendon was among the most daring...

COMPANY TOWN; Turness named president of NBC News; The British television journalist will oversee shows such as 'Today' and 'Nightly News.' Los Angeles Times, May 21, 2013 Tuesday  NBC News has tapped British television journalist Deborah Turness as its next president. Currently editor of Britain's ITV News, Turness will oversee NBC's broadcast news operations, including the morning show "Today" and "Nightly News." She will succeed Steve Capus, who resigned as president of NBC News in March, and will start in early August.

Ergen bids $2 billion for LightSquared spectrum Los Angeles Times, May 21, 2013 Tuesday  Charlie Ergen, chairman of satellite-TV provider Dish Network Corp., made a $2-billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless-broadband company owned by Philip Falcone's hedge fund firm, according to people familiar with the offer.

Edison reaches accord on fire; The utility would pay $37 million and admit role in blaze that burned 3,836 acres. Los Angeles Times, May 21, 2013 Tuesday  Southern California Edison Co. agreed Monday to pay $37 million to resolve concerns about three overloaded utility poles that sparked the 2007 Malibu Canyon fire, a settlement that would bring the total payout for the destructive fire to more than $60 million.

    
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