Member 5184


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.

HP close to deal to buy EDS: report (Reuters)

13-05-2008 04h21
Reuters - Hewlett-Packard Co is close to a deal to buy Electronic Data Systems Corp for $12 billion to $13 billion, the Wall Street Journal reported on its Web site 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.

Wall Street finishes up more than 1 percent on tech (Reuters)

13-05-2008 05h10
Reuters - Stocks closed sharply higher on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology while cooling oil prices eased inflation concerns.

Wachovia cutting fixed-income and support jobs (Reuters)

13-05-2008 05h11
Reuters - Wachovia Corp Chief Executive Ken Thompson told investors on Monday his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs.

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.
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