Member 720


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 banks to fund buyout: report (Reuters)

13-05-2008 01h35
Reuters - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications have reached a settlement with the private equity firms that had sued them, the Wall Street Journal reported on Monday.

Oil's drop, big-cap tech gains lift stocks (Reuters)

13-05-2008 02h07
Reuters - Stocks rose on Monday as the price of oil fell below $125 per barrel and financial shares, including bond insurer MBIA Inc , rallied.

Wachovia says cutting fixed-income jobs (Reuters)

13-05-2008 02h18
Reuters - Wachovia Corp Chief Executive Kennedy Thompson on Monday told investors his hard-hit U.S. regional bank was cutting back corporate and investment bank jobs to reduce costs amid the ongoing market slump.

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.

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

13-05-2008 02h18
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 says Q1 profit up, bad debts jump (Reuters)

12-05-2008 19h49
Reuters - Europe's biggest bank HSBC Holdings said its profit in the first quarter was ahead of a year ago as growth in Asia helped counter over $5 billion in hits from bad debts on U.S. home loans and asset writedowns.

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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