Member 3220


Cablevision and Tribune reach deal for Newsday (Reuters)

13-05-2008 05h41
Reuters - Cablevision Systems Corp has sealed a $650 million deal to buy the Long Island daily newspaper Newsday from Tribune Co, but analysts doubt the cable company can achieve cost savings to justify its investment.

HP in talks to buy EDS to compete with IBM (Reuters)

13-05-2008 06h39
Reuters - Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion, seeking to better compete with the top computer services company, IBM.

Clear Channel in settlement talks, trial delayed (Reuters)

13-05-2008 06h06
Reuters - Talks are underway to settle a dispute over financing the $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc , the company said in a statement on Monday.

Former AIG chief Greenberg urges annual meeting's delay (Reuters)

13-05-2008 07h29
Reuters - Maurice "Hank" Greenberg, former chief executive of American International Group , has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board.

JPMorgan may face SEC civil charges (Reuters)

13-05-2008 06h46
Reuters - JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments associated with municipal securities."

China's inflation rises to almost 12-year high (AP)

13-05-2008 04h00
AP - China's inflation almost climbed to a 12-year high in April, swamping official efforts to cool surging living costs that could provoke unrest ahead of the Beijing Olympics.

HSBC rebel urges independent adviser for U.S. arm (Reuters)

13-05-2008 02h27
Reuters - HSBC is underestimating problems at its troubled U.S. consumer finance arm, a rebel shareholder said on Monday and called on the bank to appoint an independent financial advisor to consider options for the unit.

AnnTaylor shares jump on raised forecast (Reuters)

12-05-2008 23h03
Reuters - AnnTaylor Stores Corp raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retailer up 11.5 percent.
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