Member 4206


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 close to deal to buy EDS for $12-13 billion: report (Reuters)

13-05-2008 05h25
Reuters - Hewlett-Packard Co is close to a deal to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion, a source briefed on the matter said on Monday.

Clear Channel talks said under way (Reuters)

13-05-2008 02h52
Reuters - The banks and buyers in the Clear Channel Communications Inc case are in settlement talks, two sources familiar with the situation said on Monday, as the scheduled start of a New York trial over financing the $20 billion buyout was delayed.

Former AIG chief Greenberg urges AGM delay (Reuters)

13-05-2008 05h31
Reuters - Former American International Group CEO Maurice "Hank" Greenberg 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 of directors.

Tech gains and oil's drop boost Wall St (Reuters)

13-05-2008 05h39
Reuters - Stocks rose on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology, while cooling oil prices eased inflation concerns.

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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