Lions Gate Entertainment shares jumped some 12.5% to around $7.30 Tuesday after billionaire activist investor Carl Icahn raised his hostile bid for the studio to $7.50 per share in cash, up from the previous offer of $6.50 a share. Lions Gate’s board said it will review the offer.

Continue reading Icahn Raises Hostile Bid for Lions Gate to $7.50 a Share

Icahn Raises Hostile Bid for Lions Gate to $7.50 a Share originally appeared on DailyFinance on Tue, 31 Aug 2010 13:50:00.

Filed Under: Company News, People, Investing, Media

This week, David Cay Johnston published a thought experiment titled How Would You Invest $1 Billion Under the Current Tax System? Its premise is that if we use tax policy to boost demand, we can find more profitable ways to invest. It’s a premise DailyFinance columnist and venture capitalist Peter Cohen rejects.

Continue reading Follow the Money to Real Growth, Not Tax Breaks

Follow the Money to Real Growth, Not Tax Breaks originally appeared on DailyFinance on Tue, 31 Aug 2010 13:22:00.

Filed Under: Columns, Economy, Investing, Investing Basics, Taxes

Google has announced an upgrade to its popular Gmail service called “Priority Inbox,” which aims to learn which emails are most important to you, and surfaces those to the top of your email queue. As email arrives, you can mark it more or less important. Thus, over time Gmail will “learn” which emails are most important to you.

Continue reading Google Rolls Out Gmail ‘Priority Inbox’ to Fight Email Overload

Google Rolls Out Gmail ‘Priority Inbox’ to Fight Email Overload originally appeared on DailyFinance on Tue, 31 Aug 2010 13:07:00.

Filed Under: Technology, Google

The FDIC says the number of troubled financial institutions is increasing, but the number of loans 90 days or more past-due has declined for the first time in four years. “This is the best quarterly profit for the banking sector in almost three years.”

Continue reading FDIC: More Sick Banks but Sector Is Recovering

FDIC: More Sick Banks but Sector Is Recovering originally appeared on DailyFinance on Tue, 31 Aug 2010 12:40:00.

Filed Under: Economy, Investing

Google is on a shopping spree. In the last month alone, the search giant has snapped up SocialDeck, Angstro, and Slide — all to help it take on rival Facebook.

Continue reading Google Snaps Up SocialDeck, Taking Yet Another Swing at Social Media

Google Snaps Up SocialDeck, Taking Yet Another Swing at Social Media originally appeared on DailyFinance on Tue, 31 Aug 2010 12:15:00.

Filed Under: Google , Facebook

JP Morgan Chase & Co. will shut down its proprietary commodities trading division in an effort to comply with recent federal regulations related to investment banking, Bloomberg News reported, citing a person familiar with the process that it didn’t identify.

Continue reading JP Morgan to Shutter Proprietary Trading Unit

JP Morgan to Shutter Proprietary Trading Unit originally appeared on DailyFinance on Tue, 31 Aug 2010 19:00:00.

Filed Under: Company News, Investing, JP Morgan Chase