One of the worst earthquakes since 1976 strikes western China, with reports of hundreds buried under collapsed buildings. Video courtesy Reuters. (May 12)
Earthquake in China Kills Hundreds
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Daily Archives: May 12, 2008
Fontainebleau Takes a Long View
Jeff Soffer of Fontainebleau Resorts speaks to Kelsey Hubbard about the company’s Miami and Las Vegas projects and its long-term strategy amid the weaker economy and real-estate markets. (May 12)
Remaking Making
WSJ’s Andy Jordan heads to a “do-it-yourself” festival in California where robots sing, harps glow and people drive cupcakes. He finds out how garage-tinkerers could impact the future of manufacturing. (May 12)
Food Fortification
Stephan Tanda, U.S. president of food nutrition at DSM, discusses the business of fortifying foods with vitamins and nutrients and the company’s earnings. Kelsey Hubbard reports. (May 12)
Dollar in a Short-Covering Rally
Jonathan Lewis of Samson Capital Advisors discusses the dollar’s bounce back, overall foreign-exchange strategy, and a look ahead at this week’s key economic data. Paul Lin reports. (May 12)
Amateur Footage Captures China Earthquake
Thousands are dead in what’s being described as the most devastating earthquake to hit China in three decades. One student captures the moment the 7.8 earthquake struck southwestern China. Video courtesy of Reuters. (May 12)
Marketing Costs Weigh on XM
XM posted a wider loss on higher marketing costs, while Sirius’s loss narrowed on strong sales, as the satellite radio providers await regulatory clearance for a pending merger.
HSBC Records More Write-Downs
HSBC disclosed $3.2 billion in write-downs in its consumer finance business plus other impairments, but said it expects to record larger first-quarter profit than a year earlier.
PayPal Co-founder, Slide CEO Max Levchin Is a Real Survivor
Silicon Valley is full of people who consider themselves “survivors” for having lived through the dotcom bust.Max Levchin is a real survivor.As Sarah Lacy details in her new book
Hear No Evil: ‘Bold’ Traders Tune Out Dimon, Tune Into RIM, EDS
Updated from 4:23 p.m. EDT Every parent knows kids sometimes only hear what they want to hear. Follow the financial markets for a while and you’ll see that traders are similarly capable — generally speaking, of course.Evidence of
Think of It as an iPhone with a Broken Touchscreen
From All Things Digital, May 12, 2008:With its curvier edges, stylish silver trim, half-VGA 480-by-320
pixel screen and improved iTunes compatibility, Research in Motion’s
(RIMM)
Behind the Dollar’s Bounce
Ashraf Laidi, chief foreign exchange strategist at CMC Markets, discusses factors in the dollar’s recent rebound. He speaks with WSJ’s Joanna Slater. (May 12)