Member 4223


Cablevision, Tribune reach deal for Newsday (Reuters)

13-05-2008 01h30
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.

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.

Dow gains more than 1 percent (Reuters)

13-05-2008 03h40
Reuters - Stocks rose on Monday, driving the Dow up more than 1 percent, as technology shares gained on hopes that the U.S. economy may not be in the worst shape and financial shares, including bond insurer MBIA Inc , rallied.

Wachovia reviewing risk process, to cut jobs (Reuters)

13-05-2008 02h58
Reuters - Wachovia Corp , battered by mounting losses from mortgages and other debt and facing increasing regulatory scrutiny, is undertaking an independent review of its risk and compliance processes and cutting jobs, Chief Executive Ken Thompson said on Monday.

MBIA posts huge loss on credit derivatives (Reuters)

13-05-2008 01h38
Reuters - MBIA Inc , the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.

Africa's economy to grow by 6.0 percent this year: AfDB (AFP)

13-05-2008 03h21
AFP - Africa's economy will grow by 6.0 percent this year and next, an acceleration from 2007, owing to high oil prices and demand for commodities, research from the African Development Bank (AfDB) showed Monday.

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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