COMPANIES

Coty Drops Takeover Bid For Avon

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Coty Inc said Monday evening it is withdrawing its $10.7 billion takeover bid for Avon Products Inc, saying the world's largest cosmetics direct seller had missed its deadline to start talks.

Court Refuses To Delay BofA-Merrill Lynch Settlement

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A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co.
JPMorgan Chase & Co. CEO Jamie Dimon attends a session at the World Economic Forum (WEF) in Davos January 27, 2011.

JPMorgan Board Stands By Dimon; Fed Joins Probe Of Loss

As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.
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Groupon Reports First Profit; Shares Surge

Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending while signing up more customers and merchants, sending its stock 11 percent higher.
Apple 'iPhone 5': Major Featurse, Specs, Schematics Released By Repair Site [REPORT]

Apple iPhone 5 Features Surface: Leaked Audio Components Signify Departure From Old Design [RUMORS]

Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?
Daniel S. Loeb, pirncipal, Third Point Capital

Memo To Loeb: You Broke Yahoo -- 5 Ideas to Fix It

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
Chesapeake campus

Carl Icahn To Reveal 'Significant' Stake In Troubled Chesapeake Energy

Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.
JPMorgan Chase & Co CEO Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto

JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp

First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
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Ally Financial's Mortgage Unit Reported To File Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
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Ally Financial's Mortgage Unit Reported Near Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
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Yahoo CEO Scott Thompson Reported Quitting

Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Sunday.
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Dimon Says JPMorgan CEO Missed Red Flags

JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
Adam Mayes and The Bain Sisters

What Happened To Alexandria Bain and Kyliyah Bain? Details Of The Heroic Rescue [VIDEO]

In the aftermath of the recovery of Alexandria Bain and Kyliyah Bain, authorities are now releasing information about the details that led them to the girls and their kidnapper, Adam Mayes. In a press conference held by the Mississippi Highway Patrol, Master Sgt. Steve Crawford explains how days of searching for the Bain sisters and Adam Mayes, who killed their mother and sister, led them to a red-brick church perched on a hill.
LinkedIn

Silver Lake Partners Expresses Interest In Monster Acquisition: Report

The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.
The Shelby 1000 seen in profile at the New York International Auto Show 2012.

Carroll Shelby's Death Mourned By Company And Friends

Legendary entrepreneur, American muscle-car manufacturer, and race-car driver Carroll Shelby died Friday at the age of 89, according to a statement by his company Carroll Shelby International Inc. (OTC: CSBI.PK). The cause of death was not disclosed.

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