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Xstrata Merger Augurs More Mining Deals

A merger of Glencore and Xstrata would create a true rival to global mining heavyweights and put pressure on midsize players to team up or grow through acquisitions. John Miller reports on Markets Hub. ...

Kaspersky rules out IPO – should the others?

Kaspersky Labs is one of a group of European IT security companies that has been talking about floating since at least 2007. But Eugene Kaspersky, the company’s founder and majority shareholder, has now announced the company is planning to stay &hell...

InterDigital Drops 5%: Q1 Rev View Misses

Shares of wireless intellectual property owner InterDigital (IDCC) are down $2.07, or 5%, at $38.60 after the company this afternoon said Q1 revenue will fall below consensus as it changes some of the terms of its patent licenses. InterDigital sees $69 million in revenue in the Q1 ending in March, it said, below the consensus...

John Fox: 1 Stat Picks Super Bowl Winner… and Business Success?

With eerie predictability, the "Turnover Stat" holds true. Even in slow-growth industries, those businesses driven by customer retention AND customer acquisition just do better. They make more money, have happier customers and are better places to work.

IBM: Sterne Agee Starts at Buy, $230 Target

Sterne Agee’s Shaw Wu this afternoon started coverage of International Business Machines (IBM) with a Buy rating and a $230 price target, writing that the stock’s current 11.4 forward P/E multiple on projected 2013 EPS of $17 should be more like 13.5 times, as the company deserves a premium given “its relative predictability.” EPS growth...

My Surprise Favorite Superbowl Commercial

PMCS Sags: Q4 Rev Misses, EPS in Line

Communications chip maker PMC-Sierra (PMCS) this afternoon reported Q4 revenue slightly below analysts’ expectations and earnings per share in line with consensus. Revenue in the three months ended in December fell 4%, year over year, and 12% quarter-to-quarter, to $152.6 million, yielding earnings per share of 13 cents, excluding some costs. Analysts had been modeling...

Caesars To Take Small Gamble on IPO

Despite risks, online gambling could boost tiny, previously aborted deal.

Synchroneuron Closes Series A with $6 Mln from Morningside Technology Ventures

Morningside Technology Ventures has invested $6 million in Synchroneuron, which said Monday that it has closed its Series A financing. Synchroneuron develops new therapies for tardive dyskinesia (TD) and other related movement disorders. PRESS RELEASE Synchroneuron Inc., a privately-held biopharmaceutical company, today announced the completion of its Series A financing with a $6 million investment...

10 Monday PM Reads

My afternoon train reading: • Stocks Least Loved Since ’80s (Bloomberg) • Ahhhnold & Michael Lewis: California and Bust (VF) • The Unintended Consequences of Tech Stock Repurchases (NYT) • Debit-Card Pitchwoman Orman Flirts With Conflict (Bloomberg) • Old mortgages rise from the dead, haunt homeowners (Reuters) • If I Were a Broker, Here’s How...

Sorted Recent Tweets

Trying a new format here, I think readers will like it better.  Most things are better after additional effort.  Think of this as a news links by subject post. Economics If you look in the back, it seems that there were 58 respondents. From page 13: Methodology & Panel Selection Invi… http://t.co/p8sVZl9g Feb 06, 2012...

Nichols To Join Axis Capital as CEO

John “Jay” Nichols has joined AXIS Capital Holdings Ltd. as CEO effective April 2. He will report to the CEO and president of Axix Capital and will also assume responsiblity for the leadership and management of all reinsurance business units. Nichols is the former president of RenaissanceRe Ventures. PRESS RELEASE AXIS Capital Holdings Limited (“AXIS...