Business from Grab Networks

Hundreds of small Greek entrepreneurs, pushed to the wall by rising taxes, fees and uncertainty at home are looking north to Bulgaria to transfer their companies and benefit from its favourable tax rates, cheap rent and labour.

The first trading day of the week has investors keeping a close eye on events in Greece and Spain. Good morning, this is Sayoko Murase with the Week Ahead Market Report for May 28, 2012.

Caviar from sturgeon farmed on an Israeli kibbutz are finding favour with gourmets around the world.

Indian business leaders say Myanmar is only just starting to open up, and Indian firms are poised to help and gain.

While the Nigerian government tries to push through legislation to attract foreign oil investors, the army is carrying out raids to stamp out the illicit aspect of the trade but the country has little hope of ending corruption.

Precision Castparts Corporation (PCP) maintained its quarterly dividend of 3 cents per share. The dividend will be payable on July 2, 2012, to shareholders of record at the close of business on June 8, 2012.

In trading on Tuesday, music & electronics stores shares were relative laggards, about flat on the day. Helping drag down the group were shares of Hhgregg (HGG), off about 1.1% and shares of Conns (CONN) off about 1% on the day.

U.S. home prices crept higher in March but a full-fledged recovery is still absent, according to Yale professor Robert Shiller, co-founder of the S&P/Case-Shiller index.

Facebook is under pressure to make money from mobile devices and that may have it tuning into Norway's Opera Software as the newly public company puts together a revenue building strategy.

The markets opened higher this morning after the holiday weekend and extended their gains, despite lackluster economic reports. The S&P/Case Shiller composite index of 20 metropolitan cities showed a gain of 0.1 percent in home prices in March, falling short of economists expectations.

Summary of business headlines: Research in Motion hires bankers to review its struggling business; Wall Street gains one percent as Europe worries temporarily fade.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

Smithfield Foods (SFD) today had its estimates reduced by Morgan Stanley (MS) due to a weak pork outlook. An equal weight rating was issued.

Peabody Energy (BTU) was upgraded today by Goldman Sachs (GS) to buy from neutral with a price target of $37 due to improving macro data in China, and the fact that the company is leveraged to higher Powder River Basin coal prices. Shares are higher by about 4.3 percent.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.