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Cisco Profit Rises 14.5%
The New York Times, May 16, 2013 Thursday
SAN FRANCISCO -- Trends in technology are being good to Cisco Systems. The world's largest maker of networking gear has stumbled in recent years as companies bought less and new competitors arose. In response, Cisco moved into technologies like online video, cloud computing and delivery of high-speed Internet over wireless networks.

Buffett boosts Wal-Mart, IBM stakes; Berkshire also adds to Wells Fargo; ADM, General Dynamics out
USA TODAY, May 16, 2013 Thursday
Proving again that he's a long-term investor, not a day trader, billionaire Warren Buffett made few changes to Berkshire Hathaway's closely followed $85 billion stock portfolio in the first quarter.

Maersk's Triple Es to Get July Launch at Busan
Journal of Commerce, May 14, 2013 Tuesday 3:29 PM GMT
http://www.joc.com/sites/default/files/field_feature_image/WEB_slots_Busan__20130507_TH_1099.jpg Maersk Line will deploy the first 12 deliveries of its new Triple E container ships in its expanded Asia-Europe AE10 string, but insists the extra capacity will not impact too heavily on the supply side of the trade this year. The first of the 20 vessels in the series, the largest in the world with more than 18,000-TEUs capacity, is due for sea trials in the coming weeks. The ship will then make its...

Samsung Announces Breakthrough in Broadband Data Speed
The New York Times, May 14, 2013 Tuesday
SEOUL -- Samsung Electronics said Monday it had made a key breakthrough in developing mobile technologies for so-called fifth-generation networks that would provide data transmission up to several hundred times faster than the current fourth-generation, or 4G, technology.

Hedge Fund Rejects Proposal by Hess to End a Proxy Fight
The New York Times, May 14, 2013 Tuesday
8:22 p.m. | Updated The Hess Corporation on Monday offered a concession to an activist investor after the investor's board nominees waived their rights to a contentious compensation plan.

Ford pickups probed; Chrysler recalls 300,000-plus vehicles; F250s and F350s may have faulty steering. Jeep and Dodge Ram truck fixes planned.
Los Angeles Times, May 14, 2013 Tuesday
An estimated 340,000 Ford Super Duty pickup trucks are the subject of a federal investigation into potential loss of steering in the vehicles, while Chrysler Group is recalling more than 300,000 Jeeps and Dodge Ram trucks for multiple problems in three separate cases.

Weather change warms up retail sales
Los Angeles Times, May 14, 2013 Tuesday
Spring's arrival late in April gave retail sales a light boost as Americans emerged from hibernation to spend on cars, gardening goods and building supplies. Sales in April rose a slight 0.1% from March after declining a revised 0.5% in March from February. That decline had been pegged at 0.4%, according to the Commerce Department. Wall Street had expected a 0.3% slide in April.

ECB may cut rate on excess bank deposits to below zero
Los Angeles Times, May 14, 2013 Tuesday
The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said.

Why so few IPOs?
The Seattle Times, May 11, 2013 Saturday
Remember the Facebook IPO a year ago? It was supposed to be the big winner in a wave of social-media initial public stock offerings. That didn't happen.

Pinterest redesign cleans up the clutter
The Seattle Times, May 11, 2013 Saturday
Don't worry, Pinterest fans: Your sprawling virtual pegboards of wedding dresses, handmade jewelry, craft projects and food porn haven't changed dramatically. They're just easier to manage. The popular link- and photo-sharing website has rolled out an update, one offering people simpler navigation and new ways to arrange their boards to fit their needs. Although the haphazard spirit of Pinterest remains, the site is much less overwhelming. I wasn't a Pinterest user before, so the redesign gave...

As European Acquisition Struggles, Tata Takes $1.6 Billion Write-Down
The New York Times Blogs (DealBook), May 13, 2013 Monday
Tata Steel, India's largest steel producer, said on Monday that it would take a $1.6 billion write-down, citing the "weaker macroeconomic and market environment in

British Life Insurer Plans to Go Public
The New York Times Blogs (DealBook), May 13, 2013 Monday
LONDON - The Partnership Assurance Group, a British life insurance company, announced plans on Monday for an initial public offering that could value the company at $1.5 billion. Partnership Assurance, which is majority owned by the European private equity firm Cinven, is expected to list its stock in London by the end of June, according to a person briefed on the matter who spoke on the condition of anonymity because he was not authorized to speak publicly.