Business News: Most Emailed

Last update: 9 days, 12 hours ago

News Corp sees economy hurting advertising 7 May 08, 20:26 ET Reuters - Rupert Murdoch said on Wednesday stress in the U.S. economy is squeezing advertising budgets, adding that News Corp's (NWSa.N) Fox Interactive Media would miss an ambitious $1 billion annual revenue goal by 10 percent. more NY judge orders trial in Clear Channel buyout fight 7 May 08, 19:27 ET Reuters - A New York state judge said on Wednesday a dispute over financing the $20 billion buyout of Clear Channel Communications Inc would go to trial on a breach of contract claim filed against six banks, according to a court filing. more Murdoch sees clinching Newsday soon; News Corp. profit jumps 7 May 08, 19:10 ET AP - News Corp. CEO Rupert Murdoch said Wednesday he expects to clinch a deal to buy the Long Island-based newspaper Newsday within a week, despite a higher offer from Cablevision Systems Corp. more Wall St dives on record oil over $123 7 May 08, 17:35 ET Reuters - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel. more Consumer borrowing unexpectedly surges in March 7 May 08, 17:09 ET AP - Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress. more Yahoo Teams with McAfee for Safer, More Secure Searching 7 May 08, 16:39 ET NewsFactor - Web searching can expose users to a whole range of malicious sites, so Yahoo is now teaming up with security vendor McAfee to make its search experience more secure for users. more Inflation, rate fears push Wall St to lower close 7 May 08, 16:12 ET Reuters - U.S. stocks ended lower on Wednesday, with all three major indexes down more than 1 percent, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel. more Airbus says outpaces Boeing on orders 7 May 08, 15:41 ET AFP - European aircraft maker Airbus said Wednesday it is outpacing Boeing so far this year, winning 397 orders in the four months to April compared with 346 for its US rival. more Bill Gates Says Microsoft Will Make its Own Advances 7 May 08, 15:21 ET NewsFactor - Microsoft will pursue independent paths as it figures out how to compete with Google in the aftermath of its failed bid for Yahoo. Speaking at a press conference in Tokyo, Chairman Bill Gates said Microsoft is committed to making its own advances in search and online advertising. more Stocks decline as oil prices creep higher 7 May 08, 15:10 ET AP - Wall Street sank Wednesday as record-setting oil prices raised concerns about the impact of inflation on consumers and led investors to rethink and cash in some of the stock market's recent gains. The Dow Jones industrial average lost more than 150 points. more Microsoft sends out feelers to Facebook: report 7 May 08, 15:02 ET Reuters - Microsoft Corp gauged Facebook's interest in a possible acquisition after the software giant's failed takeover attempt of Yahoo Inc , the Wall Street Journal reported on Wednesday. more Bear Stearns investors drop bid to block buyout 7 May 08, 13:55 ET Reuters - Bear Stearns Cos Inc shareholders suing over the planned JPMorgan Chase & Co. takeover are dropping efforts to block the deal but will seek damages of at least $2.8 billion, an attorney for the plaintiffs said on Wednesday. more Dr Pepper Snapple shares get tepid reception 7 May 08, 13:35 ET Reuters - Dr Pepper Snapple Group Inc shares began trading in New York on Wednesday at a lower-than-expected $25, showing that U.S. investors are hesitant to invest in the country's third-largest soft drink maker. more Pending homes sales fall, productivity up 7 May 08, 13:14 ET Reuters - Contracts to buy previously owned U.S. homes fell in March and businesses, faced with a slump in demand, slashed worker hours in the first quarter to increase productivity and safeguard profits, data on Wednesday showed. more DCH, Inc. & Cantone Research, Inc. Agree to Purchase Number two Provider of Hotel Video, Internet 7 May 08, 12:55 ET PRWeb - The DCH Group & Cantone Research, Inc. have agreed to purchase SVI Media. The Company will be retooled and re-branded as Maximus Multimedia International and is preparing to aggressively pursue greater market share with new digital video-on-demand system. more As fuel prices rise, some speedometer needles fall 7 May 08, 12:41 ET AP - As other cars zipped by at 70 mph or more, Mike Papin and his wife, Joann, kept rolling along just below the 65 mph limit as they made their way from their winter home in Florida to a summer place in Vermont. more Subprime crisis inflicts more pain at German banks 7 May 08, 11:52 ET AFP - Results from two German banks on Wednesday showed that the knock-on effects of the US subprime home loan crisis are still being felt around the world. more Cablevision to buy Sundance Channel for $496 mln 7 May 08, 11:47 ET Reuters - Cablevision Systems Corp said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's Showtime Networks and entities controlled by Robert Redford, the actor and director. more NAR: US pending home sales drop to new low in March 7 May 08, 11:22 ET AP - An industry group said Wednesday that pending U.S. home sales dropped to a new low in March, signaling the housing slump has yet to bottom out even as the spring sell season gets under way. more Global Piracy Rampant -- But You Can Fight Back 7 May 08, 10:26 ET NewsFactor - Piracy is running rampant, according to a report from the U.S. government. Not the kind of pirates with eye patches and parrots on their shoulders, but rather the kind that downloads content illegally from the Internet, counterfeits products, and generally hijacks the profits of pharmaceuticals, electronics, software, and other goods. China and Russia were singled out in particular for their weak protections of intellectual property rights (IPR). more March pending homes sales down 1 percent 7 May 08, 10:06 ET Reuters - Pending sales of previously owned homes fell 1 percent in March, as expected, as turmoil in the housing and mortgage markets continued, a real estate trade group report on Wednesday showed. more Developer of Only Clinically Proven Process for Depression Asserts Tom Cruise is Right about Antidepressants 7 May 08, 10:00 ET PRWeb - Hard evidence from THE Burris Life Coach and a leading psychiatrist prove Tom Cruise has been right all along about antidepressants more Consumers mark tax rebates for bills, savings 7 May 08, 09:35 ET Reuters - The first batch of taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week said they plan to spend them on anything other than necessities. more Fed to teach groups how to buy foreclosed homes 7 May 08, 09:28 ET Reuters - Federal Reserve Board Governor Randall Kroszner said on Wednesday that the Fed would work with a national affordable housing group to help stabilize neighborhoods with high foreclosure rates. more Worker productivity up at 2.2 percent rate in first quarter 7 May 08, 08:54 ET AP - Worker productivity rose by a better-than-expected amount in the first three months of the year while labor cost pressures eased. more Merrill's Thain: Credit crisis easing 7 May 08, 08:51 ET Reuters - The U.S. credit crisis is easing and the risk in its housing market is dramatically lower now, but economic growth will remain under pressure over the next year, the chief executive of Merrill Lynch & Co Inc said. more Sprint, Clearwire form $14.5 billion WiMax venture 7 May 08, 08:50 ET Reuters - Sprint Nextel Corp and Clearwire Corp are planning a $14.5 billion venture to build a wireless high-speed Internet network based on the emerging WiMax technology. more Marsh & McLennan posts loss on Kroll write-down 7 May 08, 08:30 ET Reuters - Marsh & McLennan Cos , which runs one of the world's largest insurance brokerages, on Wednesday posted a first-quarter loss, as it wrote down the value of its Kroll risk consulting and technology unit. more "Grand Theft Auto" first week sales top $500 million 7 May 08, 08:15 ET Reuters - Take-Two Interactive Software Inc scored more than $500 million in global sales of criminal action game "Grand Theft Auto 4" in its first week, marking what it said on Wednesday is one of the most lucrative entertainment events in history. more Fannie Mae Soothes the Street 7 May 08, 08:08 ET BusinessWeek Online - Fannie Mae's worse-than-expected first-quarter loss, reported on May 6, shouldn't come as a surprise to anyone who has followed the news of continuing declines in home prices across the U.S. more Clearwire, Sprint Nextel to form wireless company 7 May 08, 07:33 ET AP - Clearwire and Sprint Nextel are planning to merge their wireless broadband units to create a new $14.55 billion wireless communications company. more DirecTV posts higher profit 7 May 08, 07:10 ET Reuters - U.S. satellite television service provider DirecTV Group Inc posted a higher quarterly profit on Wednesday as it added more subscribers than expected. more DirecTV 1Q profit up 10 percent, will buy back $3B shares 7 May 08, 06:55 ET AP - Digital television provider DirecTV says first-quarter earnings rose 10 percent, and it will raise up to $2.5 billion of debt to buy back up to $3 billion of its own stock. more Ford says it's doubling fuel-efficient 6-speed transmissions 7 May 08, 06:55 ET AP - Ford Motor Co. said Wednesday it plans to greatly increase the use of more fuel-efficient six-speed automatic transmissions, doubling their number by the end of next year and putting them in 98 percent of its North American vehicles by 2012. more Up to 12% of DSL Broadband Subscribers to Transfer to Fixed WiMAX Connections within 5 years, According to Juniper Research 7 May 08, 06:55 ET PRWeb - A new analysis of the global opportunity for WiMAX 802.16e forecasts that up to 12% of the global DSL installed base will be substituted by WiMAX by 2013. The Far East will lead with over one fifth of the 47m subscribers in 2013. more European stock markets rise on coat-tails of Wall Street 7 May 08, 06:54 ET AFP - Europe's main stock markets rallied on Wednesday as dealers took their cue from Wall Street gains and digested a fresh batch of positive earnings news. more Oil steady above $122 a barrel after record 7 May 08, 06:34 ET AP - Oil prices steadied Wednesday after hitting a record near $123 a barrel in the previous day's session on worries over supply disruptions. more UBS executive held by US authorities in tax evasion probe 7 May 08, 05:26 ET AFP - UBS bank said on Wednesday that one of its senior executives had been detained by United States authorities, with the status of a witness, in relation to a tax evasion investigation. more UBS top employee detained in U.S. tax probe 7 May 08, 05:09 ET Reuters - A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, UBS said on Wednesday. more Audi CEO signals plans to build U.S. plant 7 May 08, 04:43 ET Reuters - Volkswagen's premium brand Audi stands to benefit "tremendously" from a U.S. production plant as the carmaker struggles to cope with stiffer external headwinds including the strong euro. more Oil steadies near $122 ahead of U.S. inventory data 7 May 08, 03:01 ET Reuters - Oil took a breather below $122 a barrel on Wednesday ahead of key U.S. weekly inventory data, after hitting new record the previous day on supply concerns and a forecast of oil reaching over $200 a barrel within two years. more Latin Americans to hold food crisis summit 7 May 08, 02:49 ET AFP - Leaders and representatives of several South and Central American nations are preparing to meet here to discuss a regional strategy to avert the food crisis affecting poor nations around the world, officials have said. more Toyota raising prices on some models in US this month 7 May 08, 00:55 ET AP - Toyota Motor Corp., the world's second-biggest automaker by annual vehicle sales, is raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market. more

Archives: [May, 08] [May, 07] [May, 06] [May, 05] [May, 04] [May, 03] [May, 02] [May, 01]