Yahoo! Finance News – Apple, Crude Oil Doubling, Telefonica SA, Bombardier, Sprint Nextel, Apple, Once Pandora’s Savior, May Become Its Destroyer
A few years ago Apple unwittingly helped save Pandora. Now, Apple has reportedly moved one step closer to unleashing a ‘Pandora killer’ — a streaming-music service that could trounce the industry leader, thanks to Apple’s marketplace might.
Is Hindenburg Omen Just Hot Air?
Markets are trying to find their footing after a rough closing capped off an otherwise strong May. The choppy price action for both the Dow Jones Industrial Average and the S&P 500 is making the sidelines look appealing to those sitting on large gains for 2013. Adding to concerns was the triggering of the “Hindenburg Omen,” regarded as a precursor to market crashes by the more superstitious traders on Wall Street.
Debt-ridden Telefonica mulls sale of O2 Ireland
The Financial Times reported that the Debt-laden Spanish telecoms company Telefonica SA is considering the sale of its O2 Ireland mobile operator after receiving interest from potential suitors
Bombardier says CSeries jet on track for end-June debut
A senior Bombadier executive said that the Canadian aircraft manufacturer is confident it will be able to fly its new CSeries passenger jet by the end of June,
ISS recommends vote for SoftBank’s Sprint bid
Proxy advisory firm Institutional Shareholder Services said that Sprint Nextel shareholders should vote for SoftBank Corp’s proposed .1 billion purchase of the No. 3 U.S. mobile provider, potentially dealing a blow to a .5 billion rival bid from Dish Network .