Tuesday, February 3, 2015

Buffett's million-dollar bet, Amazon eyes RadioShack, Staples and Office Depot talk merger

THE FORTUNE DAILY

Tuesday, February 3, 2015

Warren Buffett adds to his lead in $1 million hedge-fund bet


Results are in for the seventh year of what's sometimes called The Million-Dollar Bet—Warren Buffett's 10-year wager that the S&P 500 would outperform a sampling of hedge funds—and, for now at least, it's looking like a rout.

Parent company of Lip Smackers is closing its doors


According to Cleveland.com, Bonne Bell's CEO confirmed the news in a letter that says in part the Bonne Bell Co., "will be permanently laying off employees and closing substantially all manufacturing and distribution operations."

After 94 years, RadioShack may be about to pull the plug


The online retailer is reportedly thinking about using them as showcases for its hardware.

Staples, Office Depot in advanced talks to merge


Last month, activist investor Starboard Value LP called on the two companies to join forces.

S&P will pay nearly $1.4 billion to settle financial crisis litigation


Lawsuit alleged the ratings firm had defrauded investors by issuing inflated ratings.

By Philip Elmer-DeWitt

Worst Apple attack ad ever


On the plus side, it didn't cost HTC America much to post this gem on YouTube.

By Tom Huddleston, Jr.

Internet fast-lanes would be banned under planned FCC proposal


FCC chair Tom Wheeler's expected proposal calls for regulating Internet service providers like utilities.

By Geoffrey Smith

First hints of compromise send Greek markets flying


Government shifts tack and asks the ECB to take the strain instead of Eurozone lenders.
Amazon eyes RadioShack and S&P's settlement — 5 things to know today
Russian accounting changes soften the earnings blow at BP
Nothing to see here, says Alibaba's Ma - and customers seem to agree
What's missing in America's immigration debate
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