Houston Exploration shares rise on Jana bid
Jana Partners LLC launched a takeover bid for Houston Exploration at 62 per share valuing the company around 1.8 billion dollars. Houston Exploration’s board will review the offer and urged shareholders to hold on, as management criticized the bid for aiming to force a sale and buyback program.
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English only policy at Geno's Steaks sparks city probe
Philadelphia officials warn Geno's Steaks over an English only sign that allegedly discourages non English speaking customers. Owner Joseph Vento defends the stance, saying no one has been turned away and protests fuel immigration debate. The complaint could lead to court action or fines under the Fair Practices Ordinance.
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Commission On Human Relations
Geno
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Sicily
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Gene's Steaks
Gulf storm does little to oil price movement
Crude futures slip by over $1 as the Atlantic storm stays away from Gulf infrastructure. Prices hover above $70 as traders cite mixed signals on inflation and demand amid geopolitical tensions. Iran talks add uncertainty while U N nuclear inspectors report slow progress.
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Andrew Lebow
Alaron Trading Corp
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Antin ny virus roils Japan over Winny data leaks
The Antin ny malware targets the Winny file sharing program in Japan, revealing passwords, police investigations, customer data, sales reports, and staff lists. Experts say it highlights risky Internet use and the need for better security, with officials noting the outbreak’s continued persistence.
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Tokyo
Japan
Mamoru Saito
Telecom Information Sharing and Analysis Center
Stocks Slide As Rate Worries Drive Wall Street Down
Wall Street extended its monthlong retreat amid inflation fears and oil price concerns. The Dow fell about 100 points, the Nasdaq reached a seven month low, and investors awaited upcoming wholesale and consumer price data ahead of the June Fed meeting.
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