This Website Maybe For Sale – Click Here -

WHOLESALE Resource Center

Source Match Wholesale Industry News

Ex-Goldman director faces jury in insider case

File photo of Rajat Gupta, a former director of Goldman Sachs Group Inc., exiting Manhattan Federal Court in New YorkNEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. ...


Lowe's 1Q profit up, but cuts 2012 profit outlook

Lowe's Cos.' first-quarter profit rose 14 percent, partly helped by an extra week and warmer weather.

Spain to slump further but will hit deficit goal

MADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. Economy Minister Luis de Guindos said economic activity would likely slump by another 0.3 percent between April and June, further fuelling doubts about the country's ability to get a grip on in its finances and nurse an ailing banking sector back to health. ...

Europe stocks inch up after G8 vague on Europe fix

A woman looks at an electronic stock indicator in Tokyo Monday, May 21, 2012. Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington. Japan's Nikkei 225 index came off four-month lows to rise 0.3 percent at 8,636.89. (AP Photo/Shizuo Kambayashi)European stocks inched up Monday morning in spite of investors' lingering concerns that the G-8 leaders had failed to provide a concrete plan to solve the European debt crisis.


Facebook faces crucial week after modest debut

Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New YorkNEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...


Barclays to sell $6 billion BlackRock stake

LONDON (Reuters) - Britain's Barclays Plc said it is to sell all of its $6.1 billion stake in U.S. asset manager BlackRock Inc., which it has held for almost three years. Barclays said the shares would be sold by way of an offering and a related buyback by BlackRock of up to $1 billion of the stock. A prospectus was filed by BlackRock on Monday. Barclays holds BlackRock common stock and convertible stock that represent 19.6 percent economic interest in the firm. The holding dates from the UK bank's sale of Barclays Global Investors to BlackRock in June 2009. ...

Germany insists no eurobonds to solve debt crisis

French President Francois Hollande, left, takes his seat next to German Chancellor Angela Merkel during the opening session of the North Atlantic Council meeting at the NATO summit in Chicago, Sunday, May 20, 2012. (AP Photo/Philippe Wojazer, Pool)A German official made clear on Monday that Berlin continues to oppose the idea of jointly-issued bonds for the 17-nation eurozone, which France's new president had suggested could be used to create much-needed economic growth and ease the region's financial crisis.


If Facebook hosted a constitutional convention

Is Facebook bigger than the Constitution? In some ways, the social network already is, but it may not be big enough to host a constitutional convention.

Spain: no need for European funds to help banks

Spain's economy minister says a nationalized bank laden with toxic real estate assets will require a fresh injection of public money of up to €7.5 billion ($9.6 billion), but dismissed suggestions from France that the banking sector as a whole needs to be bolstered with European money.

DaVita eyes new markets with $4.4 billion Healthcare deal

(Reuters) - DaVita Inc , the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help offset potential revenue pressures in its main business. HealthCare Partners, based in Torrance, California, runs medical groups and physician networks in Southern California, Central Florida, and Southern Nevada. Its revenues in 2011 were about $2.4 billion. The company provides its services to more than 667,000 patients and has total care dollars under management of about $3. ...

World stock markets edge up after G-8 summit

A woman looks at an electronic stock indicator in Tokyo Monday, May 21, 2012. Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington. Japan's Nikkei 225 index came off four-month lows to rise 0.3 percent at 8,636.89. (AP Photo/Shizuo Kambayashi)Assurances that world powers want debt-laden Greece to remain in the euro helped support world stock markets Monday after sharp losses over the past week.


Shares steady near lows, investors fear Greece

A trader monitors the screen on a trading floor in LondonLONDON (Reuters) - European shares and the euro steadied near their lows for the year on Monday as investor fears that Greece could leave the euro were partly countered by promises from China and the Group of Eight leaders at the weekend to support growth. The FTSE Eurofirst index of top European shares was around 0.4 percent higher at 974.03 points after losing 5.1 percent last week to reach its lowest level of the year. ...


Singapore's wholesale trade up

Singapore's domestic and foreign wholesale trade increased year-on-year, according to a report released today by the Department of Statistics. Compared to the same period a year ago, domestic wholesale trade in first quarter 2012 grew by 3.4 per cent.

Yahoo to sell half of its Alibaba stake for $7.1B

The logo of Yahoo is seen in its Hong Kong office in Hong Kong Monday, May 21, 2012. Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders. (AP Photo/Vincent Yu)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


Yahoo to sell half of its Alibaba stake for $7.1B

The logo of Yahoo is seen in its Hong Kong office in Hong Kong Monday, May 21, 2012. Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders. (AP Photo/Vincent Yu)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


Yahoo to sell half of its Alibaba stake for $7.1B

The logo of Yahoo is seen in its Hong Kong office in Hong Kong Monday, May 21, 2012. Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders. (AP Photo/Vincent Yu)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.


Greece's new prime minister meets party leaders

Greece's newly installed caretaker prime minister is holding talks with party leaders ahead of Wednesday's European Union summit as campaigning gets underway for next month's elections.

Ryanair posts record profit, cautious on outlook

Budget airline Ryanair reported record profits Monday as its recession-resistant business model continued to attract passengers from higher-fare carriers amid Europe's debt crisis.

New app identifies faces in photos

TORONTO (Reuters) - Imagine taking a snapshot of a group of friends and having your smartphone instantly reveal the identity of everyone in the photo. A new iPhone app called KLiK performs real-time facial recognition to automatically identify and tag friends in photos. "It's our most recent evolution of both the platform and the consumer product that we're offering," said Gil Hirsch, the CEO of the facial recognition technology platform Face.com, which launched the app. "We noticed that at parties or events there were many photos being taken but only a few were actually getting tagged. ...

Analysis: China eschews fiscal fanfare for supportive spending

BEIJING (Reuters) - China's focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want. With domestic activity stifled by government curbs on real-estate speculation, the potential damage to demand for China's factory products from a deeper European debt crisis seems a logical justification for a spending splurge. "Maybe it would be easier for China if there were another global financial crisis. ...

Stock index futures signal early rebound

Traders work on the floor of the New York Stock ExchangePARIS (Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.85 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.79 percent at 0842 GMT. European stocks were up 0.5 percent in morning trade on Monday following a dismal week, but gains were capped by lingering worries over the future of Greece into the euro zone. ...


Chinese company to buy US movie theater chain AMC

Gerry Lopez, CEO of AMC Entertainment Holdings, left, shakes hands with Zhang Lin, Vice President of Wanda during a signing ceremony for Dalian Wanda Group Co. to acquire AMC Entertainment Holdings in Beijing, China, Monday, May 21, 2012. The Chinese conglomerate announced Monday it will buy major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion to create the world's biggest movie theater operator. (AP Photo/Ng Han Guan)A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date.


Ryanair posts record annual profit of 560 mln euro

Budget airline Ryanair has reported record profits as its recession-resistant business model continues to attract passengers from higher-fare carriers.

Singapore's Q1 domestic wholesale trade rises 3.4%

SINGAPORE: Singapore reported a 3.4 per cent on-year growth in domestic wholesale trade in the first quarter of 2012, driven mainly by higher sales of food, beverages and tobacco products.

Opel CEO faces workers over possible plant closure

An undated handout picture shows the newly appointed CEO of Adam Opel AG, StrackeFRANKFURT, Germany (Reuters) - The head of General Motors unit Opel sought to allay workers' fears that the automaker plans to shut one of its four German plants as it pulls production of the Astra, its best-selling model, from the country. Opel Chief Executive Karl-Friedrich Stracke is under pressure from GM to end heavy losses at the U.S. carmaker's German arm by shifting production to countries with lower labor costs. Stracke told workers in Bochum on Monday that no decision has been made on their plant's future beyond 2014. ...


Pakistan briefly bans Twitter access for "blasphemy"

ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours. The government did not specify which users or messages had prompted the ban on the microblogging site or why it was allowed to operate again so quickly. Any representation of the Prophet Mohammad is deemed un-Islamic and blasphemous by many Muslims, who make up the overwhelming majority in Pakistan. ...

Apple,Samsung CEOs in U.S. court talks over patent row

To match Insight SAMSUNG/SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung have been instructed by a federal judge to appear for mediation in San Francisco to help resolve the bitter patent litigation between the two firms. The U.S. ...


Apple,Samsung CEOs in U.S. court talks over patent row

To match Insight SAMSUNG/SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung have been instructed by a federal judge to appear for mediation in San Francisco to help resolve the bitter patent litigation between the two firms. The U.S. ...


Efinancial Wholesale Sales Contest Winners Announced, Two Deserving Life Insurance Brokers Awarded a Dream Vacation

Efinancial Wholesale, a leading online life insurance wholesaler, is proud to announce the winners of the First Quarter-2012 Efinancial Sales Incentive. The well deserved prizes were awarded to both an Efinancial call center agent and an individual producer.Bellevue, Wash. (PRWEB) May 21, 2012 Efinancial Wholesale, a leading online life insurance brokerage, proudly announces the winners of their ...

Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...


See the First Trailer for the Next James Bond Movie, Skyfall [VIDEO]

The first teaser trailer for the next James Bond movie, Skyfall, has been released.

Pakistan restores access to Twitter

Pakistan on Sunday restored access to Twitter after briefly blocking the microblog over Pakistan restored access to Twitter after briefly blocking the microblog over "blasphemous" posts about a Facebook competition involving caricatures of the Prophet Mohammed.


Pakistan blocks Twitter over contentious tweets

Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

Pakistan blocks Twitter over contentious tweets

Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

Alibaba Buys Back 20 Percent Stake From Yahoo for $7.1 Billion

Chinese e-commerce site Alibaba has bought half of Yahoo's stake in the company -- 20 percent of Alibaba's shares -- back from Yahoo for $7.1 billion.

Alibaba Buys Back 20 Percent Stake From Yahoo for $7.1 Billion

Chinese e-commerce site Alibaba has bought half of Yahoo's stake in the company -- 20 percent of Alibaba's shares -- back from Yahoo for $7.1 billion.

Ultra-Orthodox hold large NYC meeting on Net risks

In this photo provided by VosIzNeias.com, Ultra-Orthodox Jews who believe that the Internet threatens their way of life fill New York's Citi Field for an unprecedented gathering on how to use modern technology in a religiously appropriate way, Sunday, May 20, 2012, in New York. (AP Photo/VosIzNeias.com) MANDATORY CREDITTens of thousands of ultra-Orthodox Jewish men attended a rally Sunday at the New York Mets' stadium on the dangers of the Internet and how to use modern technology in a religiously responsible way.


Qantas to cut another 500 maintenance jobs

A grounded Qantas aircraft is seen parked at Heathrow Airport in west LondonMELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said in statement it will stop heavy maintenance in Tullamarine in Melbourne and concentrate on centers in Brisbane and Avalon, resulting in the job cuts. It had, in February, flagged another 500 job cuts for the group. ...


Nasdaq to revamp system after tech problems on Facebook IPO: WSJ

Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New York(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...


Nasdaq to revamp system after tech problems on Facebook IPO: WSJ

Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New York(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...


Australia to seal trade deal with Malaysia

CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. Australia is still negotiating free trade deals with South Korea, Japan and China, with progress in reaching agreement with Beijing and Tokyo slow. The deal with Malaysia, which will be Australia's sixth FTA, will be signed in Kuala Lumpur, said a spokesman for Australian Trade Minister Craig Emerson. ...

Facebook stock seen facing crucial week after modest debut

Monitors show value of Facebook, Inc. stock before closing bell at NASDAQ Marketsite in New YorkNEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...


G8 growth talk leaves wary markets awaiting action

U.S. President Obama hosts an expanded G8 meeting with African and other leaders during G8 Summit working lunch at Camp David(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", as they also recognized problems among European banks and gave verbal backing for Greece to stay in the euro. Still, despite U.S. calls for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt ...


Reports: Nasdaq 'embarrassed' at Facebook delay

The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.

Reports: Nasdaq 'embarrassed' at Facebook delay

The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.

Apple, Samsung CEOs set for court talks

To match Insight SAMSUNG/SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...


Apple, Samsung CEOs set for court talks

To match Insight SAMSUNG/SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...


Reports: Yahoo nears deal to sell stake in Alibaba

Yahoo Inc. may finally be nearing a deal to sell half of its prized stake in the major Chinese e-commerce provider Alibaba.
Designer furniture at FASHION FOR HOME Welcome to hotels.com