Clear Channel in settlement talks with banks
MarketWatch - 42 minutes ago
By David B. Wilkerson, MarketWatch CHICAGO (MarketWatch) -- Clear Channel Communications Inc. said Monday that a hearing related to its lawsuit against banks that had pledged to fund its $19.4 billion privatization has been postponed while the two ...
Clear Channel in settlement talks with banks Bizjournals.com
Clear Channel Surges on Possible Buyout Settlement (Update2) Bloomberg
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Electronic Data Jumps on Report of Hewlett-Packard Buyout Offer
Bloomberg - 1 hour ago
By Andrew Dunn May 12 (Bloomberg) -- Electronic Data Systems Corp. surged the most in almost 24 years in New York trading after the Wall Street Journal said Hewlett-Packard Co.
Hewlett-Packard Said to Be Close to Buying EDS New York Times
Stocks surge on tech deal talks; oil slips Reuters
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Tech Winners & Losers: Research In Motion
TheStreet.com - 1 hour ago
Tech stocks rose Monday led by smartphone maker Research In Motion, which hit its 52-week high after it unveiled a new device, the BlackBerry Bold.
Research In Motion to Start Selling Faster BlackBerry (Update2) Bloomberg
New BlackBerry takes page from iPhone book MarketWatch
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Newsday's New Billionaire
Forbes - 39 minutes ago
On Monday cable provider Cablevision Systems announced it will acquire Long Island, NY-based Newsday in a deal valued at $650 million, beating out a $580 million bid from Murdoch of News Corp.
The One Thing You Need To Know About Cablevision Buying Newsday BusinessWeek
Cablevision to acquire Newsday for $650 million MarketWatch
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XM's costs pile up as merger stalls
CNNMoney.com - 1 hour ago
The satellite radio service boosts borrowing as its year-long wait to merge with Sirius drags on - and threatens its survival. By Scott Moritz, writer NEW YORK (Fortune) -- XM Satellite Radio reported Monday more of the same as it limps toward a final ...
XM Satellite loss widens, but car subs grow Reuters
Sirius posts narrower loss on 33 pct revenue rise Houston Chronicle
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Sprint’s best customers are leaving
CNNMoney.com - 1 hour ago
Churn, or the rate at which customers defect to rival carriers, is one of the most important metrics for measuring the success of a wireless carrier.
Sprint Nextel Posts Loss and Offers Gloomy Outlook New York Times
Sprint loss tops half billion dollars Bizjournals.com
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Wachovia subpoenaed over auction-rate securities
Forbes - 1 hour ago
By IEVA M. AUGSTUMS 05.12.08, 3:31 PM ET Wachovia Corp., the nation's fourth-largest bank, said Monday its securities unit and affiliates have received inquiries and subpoenas from federal and state regulators over auction-rate securities.
Wachovia subpoenaed by SEC, states over auctions Reuters
Wachovia Securities in auction-rate securities probe Bizjournals.com
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FUTURES MOVERS Oil futures close over $1 lower to break record run
MarketWatch - 1 hour ago
By Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed with a loss of more than $1 per barrel Monday as some recent strength in the US dollar and rising domestic crude inventories disrupted the ...
Oil Drops After Touching Record as High Prices May Cut Demand Bloomberg
Crude oil prices back down Monday United Press International
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Norman Pearlstine Joins Bloomberg
New York Times - 7 hours ago
By THE NEW YORK TIMES Norman Pearlstine, the former editor in chief of Time Inc. and an adviser for the Carlyle Group, the private equity group, was named chief content officer of Bloomberg on Monday.
Norm Pearlstine Joins Bloomberg From Carlyle CNNMoney.com
Pearlstine to Join Bloomberg TheStreet.com
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Gates Foundation Names New Chief Executive
New York Times - 2 hours ago
By THE NEW YORK TIMES The Bill & Melinda Gates Foundation has hired Jeff Raikes, formerly president of the Microsoft Corporation’s business division, as its new chief executive, effective Sept.
Raikes named CEO of Gates Foundation Bizjournals.com
Microsoft exec Jeff Raikes to run Gates Foundation The Associated Press
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Bond Insurers See Ratings A Key Driver For New Business
CNNMoney.com - 3 hours ago
CHICAGO -(Dow Jones)- In the world of bond insurance, the strong are getting stronger at the expense of the weak. As subprime woes mount for insurers of municipal and loan-backed bonds, potential customers are voting with their feet.
MBIA Rises After Loss Is Narrower Than Some Estimates (Update1) Bloomberg
Financial Services MBIA Shares Rise, Despite Big Loss TheStreet.com
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AnnTaylor, Collective Brands forecasts lift retail
MarketWatch - 37 minutes ago
By Andria Cheng, MarketWatch NEW YORK (MarketWatch) -- Retail shares headed higher Monday, bolstered by rosier-than-expected forecasts from AnnTaylor Stores Corp.
Loft results boost AnnTaylor 1st-quarter outlook Forbes
Ann's Thrifty Strategy Tailored for Tough Times Smartmoney.com
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IndyMac posts loss, halts payments on securities
Reuters - 1 hour ago
By Christian Plumb NEW YORK (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote, Profile, Research), one of the largest independent US mortgage lenders, posted a steeper-than-expected first-quarter loss on Monday and said it would halt interest and dividend ...
IndyMac Reports Loss, Doesn't See Profit in 2008 (Update3) Bloomberg
IndyMac sees red ink in 1Q Bizjournals.com
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HBO seen selling shows on Apple's iTunes
Reuters - 3 hours ago
NEW YORK (Reuters) - Time Warner Inc's HBO cable network is expected to start selling shows on Apple Inc's iTunes digital entertainment service, with flexible pricing, a source familiar with the discussions said on Monday.
HBO, NBC may be cracking Apple's uniform iTunes pricing Ars Technica
Source: Apple, HBO Content Deal Imminent Wired News
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ImClone Falls After Analyst Says Sell, Citing Data (Correct)
Bloomberg - 59 minutes ago
By Robert Greene May 12 (Bloomberg) -- ImClone Systems Inc. dropped the most in almost seven months after an analyst at Morgan Stanley recommended that investors sell the shares in light of new research on the company's only product, the cancer drug ...
Drug stocks edge higher; downgrade hits ImClone MarketWatch
ImClone shares fall following analyst downgrade Forbes
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Dollar falls vs euro, pound; gains on yen
Houston Chronicle - 50 minutes ago
© 2008 AP NEW YORK - The dollar weakened further against the euro Monday as markets waited for statements from Federal Reserve Chairman Ben Bernanke and economic data expected Tuesday.
Dollar mixed before new economic reports Forbes
Pound Rises on Producer Prices, Bets BOE Won't Speed Rate Cuts Bloomberg
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AIG Should Postpone Annual Meeting, Greenberg Says (Update1)
Bloomberg - 1 hour ago
By Hugh Son May 12 (Bloomberg) -- Former American International Group Inc. Chief Executive Officer Maurice ``Hank'' Greenberg said the insurer is in ``crisis'' and should delay the annual meeting so shareholders can consider the impact of two losing ...
Greenberg Laces Into AIG Wall Street Journal
Hank Greenberg sues AIG, saying it hid losses MarketWatch
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Cumulus Media buyout deal collapses
Reuters - 2 hours ago
NEW YORK (Reuters) - Cumulus Media Inc (CMLS.O: Quote, Profile, Research) on Monday became the latest leveraged buyout deal to collapse as the investor group set to buy the radio broadcaster for $1.3 billion failed to agree on the transaction terms.
Cumulus shares plunge after buyout falls through Forbes
Cumulus, Investors End Deal Wall Street Journal
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For HSBC, Asia Offsets Bad US Loans
New York Times - 2 hours ago
By JULIA WERDIGIER LONDON - HSBC Holdings, Europe’s biggest bank, said on Monday that a recession in the United States was “increasingly likely” because the housing market would continue to deteriorate into next year.
ADRs in Focus: HSBC rises with 1Q profit Forbes
4th UPDATE: HSBC 1Q Profit Ahead Of 1Q07 Despite US Impairments CNNMoney.com
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H&R Block tax-season fees rise 8.9 percent
Bizjournals.com - 1 hour ago
H&R Block Inc. reported its strongest tax-season results since 1999, with net tax-preparation fees up 8.9 percent from the prior year.
H&R Block reports fees up 9 pct in 2008 tax season Forbes
H&R Block tax preparation fees rise 8.9 pct Reuters
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