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Infosys

Infosys Q3 Profit Beats Market Expectations; Shares Gain 15%

Infosys Technologies Ltd (NYSE:INFY), India's second largest software services firm, reported Friday a better-than-expected net income after tax of $434 million for the quarter ended Dec. 31, 2012 against $431 million for the quarter ended Sept. 30, 2012.
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NYC Commuter Ferry Crash Injures 57

A commuter ferry crashed into a pier in lower Manhattan early Wednesday, injuring 57 people, one critically, the New York City Police Department said.
William Ackman, Hedge fund manager and the founder of Pershing Square Capital

Herbalife Branded A Pyramid Scheme By Hedge Fund Manager Bill Ackman

Herbalife, which sells weight management and skincare products, is being denounced as a pyramid scheme by Bill Ackman, a hedge fund manager. Ackman claims Herbalife’s goal is not to sell products but getting individuals duped into selling business opportunities to their friends who, in turn, sell it to their friends.
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State Panel Urges Privatization Of LIPA

A New York State Commission has recommended the privatization of the Long Island Power Authority (LIPA), the electricity provider for Long Island and the Rockways that was slow to restore power to the customers following Superstorm Sandy in October.
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Samsung Expects $8.3B 4Q Profit

Samsung Electronics estimated Friday morning that it earned a quarterly profit of $8.3 billion, as it sold close to 500 smartphone handsets per minute.

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