Member 2758


News Corp profit rises on cable and TV ratings (Reuters)

08-05-2008 06h12
Reuters - Rupert Murdoch's News Corp (NWSa.N) said on Wednesday its quarterly net profit tripled on higher advertising sales at the Fox TV network and Fox News Channel, as well as a big one-time gain from its stock swap with Liberty Media .

Sprint, cable form $14.5 billion Clearwire venture (Reuters)

08-05-2008 01h57
Reuters - Sprint Nextel Corp and top U.S. cable companies are investing in Clearwire Corp to introduce advanced wireless services and get a head start on AT&T and Verizon, but analysts said the seven-way partnership may be too complex to succeed.

Wall St sinks on oil's surge; financials hit (Reuters)

08-05-2008 05h41
Reuters - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.

Dr Pepper Snapple shares get tepid reception (Reuters)

08-05-2008 05h17
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.

Consumers mark tax rebates for bills and savings (Reuters)

08-05-2008 05h43
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.

Pending homes sales fall, productivity up (Reuters)

08-05-2008 05h39
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.

Consumer borrowing unexpectedly surges in March (AP)

08-05-2008 06h09
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.

Wal-Mart expands low-price drug program; Target follows (AP)

06-05-2008 11h02
AP - Wal-Mart Stores Inc., the world's largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women's medications at a discount. It also said it would lower the price of more than 1,000 over-the-counter drugs.
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