Rupert Murdoch's News Corporation withdraws a $580m bid to buy the US newspaper Newsday. Source: BBC News | Business | World Edition | 11 May 2008 | 1:25 pm
China launches a new plane maker to one day compete with Boeing and Airbus, state media report. Source: BBC News | Business | World Edition | 11 May 2008 | 1:24 pm
With the first-quarter earnings season almost past, investors will continue to face mounting concerns about consumption and the U.S. economy next week, with retail sales and consumer-price data likely to reflect the impact of surging energy and food prices.
This week is an extremely important week for solar stocks and alternative energy stocks. JA Solar Holdings Co. Ltd. (NASDAQ: JASO), LDK Solar Co.Ltd. (NYSE: LDK), Canadian Solar Inc. (NASDAQ: CSIQ), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) are all up on the earnings deck this week. JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is the first of the solar companies to watch. Monday's estimates from First Call are $0.10 EPS on $146.6 million in revenues. The next quarter estimates are $0.15 EPS and $179.9 million, while fiscal Dec-2008 are $0.85 EPS on $984.4 million. JA Solar is...
Sprint Nextel Corp. (NYSE: S) is set to report earnings on Monday morning, with an earnings conference call to follow at 8:00 AM EST. First Call has estimates at $0.02 EPS on $9.41 Billion in revenues. Estimates for the coming quarter are $0.04 EPS on $9.25 Billion in revenues, and estimates for Fiscal Dec-2008 are $0.12 EPS on $36.67 Billion in revenues. The only real question besides wondering if the company's earnings report now even matters at all is if the bar has been set so low that it can't be stepped over. We are in the camp that the...
ABU DHABI (Reuters) - Mubadala Development Co, an Abu Dhabi
investment arm which manages over $10 billion in assets, said
on Sunday it will develop an offshore island into a new
business district that would house the stock exchange.
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp. spokeswoman said Saturday. The decision... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 10:23 am
Economic prospects for the next 18 months have got worse, the British Chambers of Commerce warns. Source: BBC News | Business | World Edition | 11 May 2008 | 10:17 am
TOKYO (Reuters) - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
The more information that pours in the longer the odds get that the $110 billion stimulus package will actually stimulate the economy. More than 60 percent of baby boomers plan to spend their stimulus... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
WINNERSROBERT KOTICKActivision beats Q1 estimates, stock pops and the CEO is sitting pretty.BRAD GREYParamount Studios CEO bags big fish, signs David "Sopranos" Chase to production deal.ISAAC PERLMUTTERA... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Rupert Murdoch's News Corp. pulled its $580 million bid for Tribune Co.'s Newsday off the table yesterday, a company spokesman said. News Corp. - which also owns The Post - was unable to justify outbidding... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Dear John: I'm interested in buying stocks long term for retirement. I do not understand the stock market very well and need help in deciding which ones to buy. I am only interested in buying a few companies... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
We all know that there's no love lost between NBC and CBS, but when it came to the Sundance Channel the normally intense competitors were all backslaps and good blessings. The networks came to be Sundance's... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
He's ba-aack. One day after celebrating his 83rd birthday, insurance titan Hank Greenberg jumped back into the ring and started throwing haymakers in the latest round of his years-long battle to regain... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Latin hip-hop star Pitbull is one unhappy puppy. Irate over what he feels is a lack of support from his label, TVT Records, the top-10 rapper has been snarling for months at both the label and its owner,... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Memo to Sen. John McCain: Your well-deserved spring break is now over. With Sen. Barack Obama looking more and more like the Democratic nominee, it's time to get serious about your least favorite subject... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
When the ponies line up for the 133d running of the Preakness Saturday, bettors are likely to make KentuckyDerby champion Big Brown the odds-on favorite.Magna Entertainment, the company which operates... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Eric Jackson, the dissident investor seeking to oust Jerry Yang as chief executive of Yahoo! is expected today to hold emergency talks with a group of high profile Silicon Valley executives closely linked... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 8:21 am
Virgin Mobile USA and a venture between SK Telecom and Earthlink are in talks to merge, which would join two cellular-service resellers, people familiar with the matter told The Wall Street Journal.
BEIJING (Reuters) - China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.
Two contenders -- Cablevision Systems and media owner Mortimer Zuckerman -- remain for Tribune Co.'s Long Island newspaper after News Corp. withdraws its $580-million offer.
Rupert Murdoch's News Corp., once the front-runner in bidding for Tribune Co.'s Newsday, has withdrawn its $580-million offer for the Long Island, N.Y., daily newspaper, a News Corp. spokeswoman said Saturday.
There's been no shortage of opinion about what went wrong with Microsoft's "failed" $47.5-billion takeover of Yahoo (I'm hedging because a lot of people still think the deal could go through, once cooler heads prevail).
Dear Liz: I was working as an attorney in the fall of 2002 when I was diagnosed with HIV. After the initial shock wore off, I quit my job and went on a wild spending spree. I traveled, bought cars, gave expensive gifts to family members and secured a grave plot, among other purchases. I sold my house and most of my other possessions. When that money ran out, I got started on my credit cards. Now, almost six years later, I am still completely healthy, still unemployed and have $75,000 in credit card debt. I was miserable as an attorney and would prefer not to go back to that type of work. However, with the credit card debt and the $100,000 in student loans I still owe, I feel trapped because I will have to earn a high salary to pay my way out of this mess. Would Chapter 7 be a good option for me if I want to be able to take a lower-paying but potentially more personally rewarding job and still make ends meet?
Consumers who don't pay careful attention to terms on deferred-payment plans can end up owing more than they'd bargained for.
When Best Buy offered Mike Walker the chance to take home a television set and make no payments, interest or otherwise, for 12 months, it seemed like a great deal.
President Rafael Correa said Saturday he has "no confidence" in the World Bank arbitration branch that is hearing U.S. oil company Occidental's lawsuit against Ecuador. Ecuador "handed Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 6:32 am
Whites in South Africa earn five times more than their black counterparts on average, according to a new study, illustrating the enduring legacy of apartheid 14 years after its abolition. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 5:33 am
Reuters - Citigroup Inc is considering
selling its Japanese consumer finance company CFJ KK or cutting
the unit's business significantly as part of its plans to shed
assets, Japanese daily Nikkei reported on Sunday.
Reuters - Citigroup Inc is considering
selling its Japanese consumer finance company CFJ KK or cutting
the unit's business significantly as part of its plans to shed
assets, Japanese daily Nikkei reported on Sunday.
As EU newcomer Bulgaria aims to attract ever larger flows of foreign investment, authorities and analysts have raised fears that part of the money streaming into the country may have been... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 5:16 am
Anyone looking for a bank loan is finding it tougher because of the recent financial market turbulence and there is little short-term relief in sight, a European Central Bank survey shows. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 5:02 am
China has established a homegrown company to make passenger jumbo jets, state media reported Sunday _ a step forward in the country's quest to become less dependent on Boeing and Airbus. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 4:12 am
WASHINGTON (MarketWatch) -- Key sectors of the U.S. economy were slowing in April and early May, economists said ahead a very busy week for economic data.
China has established a company to start making passenger jumbo jets, Chinese state media reported Sunday The Xinhua News Agency said that China Commercial Aircraft Co. was established Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 3:36 am
Malaysia says it will spend more money subsidising oil and gas this year than on developing the country with Prime Minister Abdullah Ahmad Badawi calling for a review of all major projects. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 2:35 am
A 3139 hectare King Country beef and sheep farm has sold for for $32.5 million.
The property, in Waipa Valley, was one of the most substantial North Island farms to come on the market in recent years.
PGG Wrightson Real Estate... Source: New Zealand Herald - Business | 11 May 2008 | 2:00 am
Thousands more post offices may be forced to close, the National Federation of Sub-Postmasters warns. Source: BBC News | Business | World Edition | 11 May 2008 | 1:11 am
VANCOUVER, British Columbia, May 11 /PRNewswire-FirstCall/ -- Rancho Santa Monica Developments Inc. (OTC Bulletin Board: RSDV) ("the Company") announced today... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 May 2008 | 12:51 am
Taylor Nelson Sofres (TNS), the British market research group, is facing a hurdle in its efforts to merge with German rival GfK because of political concerns about prospective job losses at the combined group. Source: Telegraph Business | 11 May 2008 | 12:01 am
It was the Chinese scribe Sun Tzu who, in the sixth century BC, wrote The Art of War, a treatise that became one of the foremost manuals on military strategy. I can't think of much better weekend reading for John Browett, the chief executive of the company you and I used to know as Dixons. Source: Telegraph Business | 11 May 2008 | 12:01 am
In the wake of contract killings among Russia's financial elite, the new president must make good on his pledges for reforms that will attract foreign and private investors, reports Adrian Blomfield from Moscow Source: Telegraph Business | 11 May 2008 | 12:01 am
Hugh Osmond, one of the UK's most successful entrepreneurs, gave warning this weekend that he and other business owners are considering leaving Britain because of worsening relations with the Government and HM Revenue & Customs. Source: Telegraph Business | 11 May 2008 | 12:01 am
The founder of Net-a-Porter.com, one of Britain's biggest internet success stories, is understood to be conducting a review of the upmarket fashion business that could lead to the recruitment of a major new investor. Source: Telegraph Business | 11 May 2008 | 12:01 am
European Union negotiators will this week start politically charged talks with their US counterparts aimed at paving the way for a wave of transatlantic airline takeovers. Source: Telegraph Business | 11 May 2008 | 12:01 am
The Bank of England will this week admit for the first time that it is set to breach its inflation target in the coming months and warn that Britain is destined for two years of soaring costs and weak growth. Source: Telegraph Business | 11 May 2008 | 12:01 am
The board of Cadbury will this week discuss the impact of rising commodity costs as it deliberates over potential hikes to the price of its chocolate bars. Source: Telegraph Business | 11 May 2008 | 12:01 am
The British entrepreneur plans to give up control of his London restaurant empire amid signs of a slowdown in the sector, writes Jonathan Sibun Source: Telegraph Business | 11 May 2008 | 12:01 am
The £9bn battle for control of British Energy, the company which holds the key to Britain's future nuclear industry, is taking the rivalry between two of France's largest utilities across the English Channel. Source: Telegraph Business | 11 May 2008 | 12:01 am
NEW YORK - News Corp, the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday.
The decision to revoke the offer came just days after Murdoch confidently predicted... Source: New Zealand Herald - Business | 10 May 2008 | 11:53 pm
BILLIONS up in flames, allegations of dope smoking and of playing golf and
cards while the empire burned; it’s a terrible way to end a career. Now to
make matters worse, Jimmy Cayne, fallen boss of Bear Stearns, has been
publicly lambasted by his mentor, with whom he still shares an office. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
VODAFONE is examining a £20 billion bid for MTN, Africa’s largest mobile-phone operator. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
The greenest companies in Britain with the most environmentally aware staff
will be unveiled in The Sunday Times Green List next week. Competition among
the country’s businesses to be included in the inaugural list of the 50 Best
Green Companies has been fierce. Standards are exceptionally high and the
demands placed on companies sufficiently stringent to deter all bar those
confident of their green credentials. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
THE US Securities and Exchange Commission is investigating Royal Bank of
Scotland (RBS) over its exposure to American sub-prime mortgages. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
MINISTERS have flown into another business tax row after the US government
made a blistering attack on a new £2.5 billion aviation duty, questioning
its green credentials and claiming that it broke international law. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
THE outgoing chief executive of BAE Systems, Mike Turner, is to make a return
to Babcock International, the support-services group, but this time as
chairman. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
CENTRICA is suing the global consultancy group Accenture for £182m over an IT
system it claims reduced British Gas’s customer-billing process to a
shambles. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
SHAREHOLDERS take a lot on trust with Charles Dunstone, chief executive of
Carphone Warehouse. He is an entrepreneur who has created a FTSE-100 company
based on reading changes in the fast-moving communications and technology
market. And for investors who have backed him, their loyalty has paid off.
The company has morphed from a mobile-phone retail specialist to selling
broadband and is now intending to ride the laptop boom. It’s easy to get
left behind in this game and lose your relevance to the marketplace, but so
far, bar a few hiccups in terms of delivery, Dunstone has kept up with the
trends. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
IT is hard to keep up with the price of oil. No sooner have we got used to
$100 a barrel than it is in the $120s. Will the price rise to $150, $200 or
even $300 a barrel? How far can it rise without doing severe damage to the
world economy?$ Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
THE Bank of England will this week reveal a grim forecast of rising inflation
and sharply weakening economic growth for the coming months. Though the
Bank’s closely watched quarterly inflation report will leave the door open
to further interest rate cuts, it will disappoint those looking for
aggressive reductions. Source: Latest Business News from Times Online | 10 May 2008 | 11:00 pm
A high-up Citigroup executive, chief administrative officer Don Callahan, had predicted that Citi's Investor Day, held Friday morning, would have to deal significantly in "promises," and that turned out to be the case. Citi is expecting to cut close to $500 billion from its $2.2 trillion balance sheet; to exit unprofitable client relationships; and to overturn its "silos" and really complete the 1998 merger of Citicorp and Travelers. Said CEO Vikram Pandit: "We're finally going to merge it all."
The US has plenty of problems with Venezuela's mentally troubled dictator Hugo Chavez. The most recent confrontation has been over Chavez financing guerrillas in neighboring Columbia. While the two nations throw bricks at one another, China has slipped in a side door and cut a huge refinery deal with the Latin American country. Under the terms about 400,000 barrels a day will be produced in Venezuela's Orinoco Belt. The new refinery there will be built by the Chinese. According to Bloomberg "The venture between Petroleos de Venezuela SA and China National Petroleum Corp. will pump oil from an area called...
Rupert Murdoch of News Corp (NWS) pulled his $580 million bid for large Long Island paper "Newsday" currently owned by The Tribune Company. Cablevision (CVC), which has a large portion of its subscriber base on Long Island, has bid $650 million The turn of events is extremely odd. Murdoch could have saved tens of million of dollars each year by combining key functions at "Newsday" with his NYC daily "The New York Post". The deal would have made both papers much more profitable. Cablevision gains no ready economies of scale by combining a cable system with a newspaper. The company's...
With the first-quarter earnings season almost past, investors will continue to face mounting concerns about consumption and the U.S. economy next week, with retail sales and consumer-price data likely to reflect the impact of surging energy and food prices.
The South Korean government plans to boost its stockpile of drugs to fight avian flu, securing enough to treat 2.5 million people. Likely drug of choice will be Roche's Tamiflu
News Corp dropped its $580m bid for Tribune's Newsday newspaper, just days after Rupert Murdoch said a deal was imminent, leaving cable TV operator Cablevision as the likely winner of the Long Island daily Source: FT.com - US homepage | 10 May 2008 | 7:35 pm
Troops attempted to restore order after four days of heavy sectarian and factional fighting that has claimed at least 37 lives, as Hizbollah said it had started withdrawing fighters from Beirut Source: FT.com - US homepage | 10 May 2008 | 7:20 pm
A spokeswoman for Rupert Murdoch's News Corp. says the media conglomerate has withdrawn its bid to purchase Newsday. The decision to revoke the offer Saturday comes just days after ... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 7:15 pm
The cost of mailing a letter goes up a penny to 42 cents on Monday, the latest in what are expected to be annual price adjustments by the Postal Service.
NEW YORK (Reuters) - Rupert Murdoch's News Corp on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.
Reuters - Rupert Murdoch's News Corp (NWSa.N) on
Saturday dropped its $580 million bid for Tribune Co's Newsday
newspaper, just days after Murdoch said a deal was imminent,
leaving cable television operator Cablevision as the
likely winner of the Long Island daily.
Protestors in South Korea gather to denounce their government’s decision to ease restrictions on U.S. beef amid widespread fears of contamination from mad cow disease.
Myanmar’s military-backed constitution has apparently won significant support in a referendum, even though many in the country were unable to vote as they tried to cope with the devastation of Cyclone Nargis.
Bankers and housing analysts say many homeowners, owing more than their homes are worth, are defaulting on their loans even when they can afford payments. But no hard numbers back up their claims.
Bankers and housing market analysts are warning of a chilling new trend in the mortgage world: Homeowners voluntarily defaulting on their loans even though they can actually afford to make the payments.
Most people are paying much more than they need to in bank fees and some could get away without paying any, say industry analysts.
If anybody's paying more than $5 a month, there's probably a problem, according to Massey University... Source: New Zealand Herald - Business | 10 May 2008 | 5:00 pm
The case for instituting a small carbon tax while the nuts and bolts of the Government's proposed emissions trading scheme are worked through is gaining currency in business circles.
The theory goes the proceeds of such a tax -... Source: New Zealand Herald - Business | 10 May 2008 | 5:00 pm
Stocks in the US fell yesterday as the price of oil set another record and concerns about the financial sector flared up again after American International Group (AIG) reported a massive loss.
The world's largest insurer wrote... Source: New Zealand Herald - Business | 10 May 2008 | 5:00 pm
Whether you're buying a cup of coffee or choosing shares, it's difficult to escape issues such as climate change, fair trade and ethics. It's about shopping, and investing, responsibly.
New Zealanders control how their personal... Source: New Zealand Herald - Business | 10 May 2008 | 5:00 pm
New Zealand's economy will move backwards if manufacturing is not given a more supportive working environment, warns one industry body.
John Walley, chief of the Christchurch-based Manufacturers and Exporters Association, paints... Source: New Zealand Herald - Business | 10 May 2008 | 5:00 pm
Jonathan Hash, a history teacher at Herbert Hoover High School in San Diego, is enthusiastic about the teaching career he began two years ago. But now he might lose his job because of a statewide budget crisis, and that could force him to leave teaching altogether.
Morgan Tsvangirai, Zimbabwe's opposition leader, sought to reclaim the initiative in his country's political crisis, saying he would return to his homeland to contest a run-off election against President Robert Mugabe Source: FT.com - US homepage | 10 May 2008 | 3:32 pm
Wal-Mart Stores Inc. (NYSE: WMT) is set to report earnings this coming Tuesday morning before the open. The company already gave an approximate revenues number of $94 Billion. As you will see below, Wall Street is under what the company already gave for guidance, and it looks like even the highest estimate is right under $93.7 Billion. The retail behemoth's estimates from First Call are $0.75 EPS on $92.44 Billion in revenues. Estimates for next quarter are $0.81 EPS on $99.7 Billion in revenues, and Fiscal Jan-2009 estimates are $3.44 EPS on $405.27 Billion in revenues. Wal-Mart already gave its...
Banks are accused of charging customers hundreds of dollars a year in unnecessary fees - despite raking in huge profits.
Consumer and banking experts told the Herald on Sunday that fees varied between banks, creating a potential... Source: New Zealand Herald - Business | 10 May 2008 | 1:41 pm
Monday may be quite an interesting day for satellite radio investors. Sirius Satellite Radio Inc. (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) will both report earnings. While everyone will be breaking down the subscriber additions and the marketing costs, you know everyone wants to know what the companies each think is going on inside the FCC merger approval process. Sirius Satellite Radio Inc. (NASDAQ: SIRI) will have its results on Monday after the close, with a conference call to follow at 4:30 PM EST. First Call has estimates at -$0.07 EPS on $272.3 million in revenues. For the coming...
Dear FSB: My company supplies irrigation and plumbing materials. Last year I set up a Roth 401(k) plan for my five full-time employees using a major mutual fund firm. Now the firm says that because of a new law, our employees' contributions and employer matching contributions require separate custodians that it is not equipped to provide for us. Some brokerage firms say the same thing. Any ideas?
Reuters - Oil major Royal Dutch Shell (RDSa.L) has
pulled out of a planned gas project in Iran, after coming under
pressure not to participate from U.S. lawmakers who were
concerned about Iran's nuclear programme. Source: Yahoo! News: Business | 10 May 2008 | 12:52 pm
LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.
Reuters - Citigroup Inc is considering
selling its Japanese consumer finance company CFJ KK or cutting
the unit's business significantly as part of its plans to shed
assets, Japanese daily Nikkei reported on Sunday.
Reuters - Rupert Murdoch's News Corp (NWSa.N) on
Saturday dropped its $580 million bid for Tribune Co's Newsday
newspaper, just days after Murdoch said a deal was imminent,
leaving cable television operator Cablevision as the
likely winner of the Long Island daily.