Microsoft announced plans to bring its Web search and search ads to social-networking site Facebook, deepening ties between the two companies.
Widespread fear about the financial sector brought a dramatic end to the recent stock rally, sending the Dow Jones industrials down 283 points.
Let's see if we have this straight. The big market manipulation bust by the CFTC today involved three guys who tried 19 times to manipulate the markets and maybe succeeded only five times. Also: three of those times they actually manipulated the price downward! And their total take from market manipulation came out to $1 million.
Vivendi (EPA: VIV), the France-based media giant and parent of Universal Music Group, has reported its first half 2008 and Q208 earnings, and its revenues totaled $17.7 billion, compared to $16 billion for the first half 2007.
John Lewis, the department store group that is a key benchmark of high street performance, has seen a slight recovery in its sales for the second week running, after a poor performance in May and June.
The UK economy grew by just 0.2% in the second quarter of this year, figures released by the Office for National Statistics have revealed.
Hey, if John McCain, 71, had any hope of becoming the oldest person ever to ascend to the presidency next January, you know what would be important? The identity of the person who would replace the miracle of modern medical technology upon death.
Wall Street Weather submits:"What the SEC Really Did on Short Selling" is the title of an op-ed piece written by SEC Chairman Christopher Cox appearing in yesterday’s Wall Street Journal.
Déjà Vu for Clear Channel shareholders. Ten months ago, they gathered in San Antonio to approve a $39.20 a share deal. Today, they’re back voting on a shaved price of $36 a share. The deal has seen enough drama over the past couple of years to rival an HBO series, with upset shareholders, wrangling between [.
Newspaper publisher Lee Enterprises Inc. said Thursday its fiscal third-quarter profit fell 87.4 percent, partly on one-time impairment charges.
The F.C.C was set to approve a merger between XM and Sirius and end a nearly 18-month review of a deal that would essentially create a monopoly in satellite radio.
The conclusion of the XM-Sirius (NSDQ: SIRI) saga are playing out like the final 2 minutes of a close basketball game. All signs are that the deal will be approved. It was reported yesterday that the swing voter on the FCC, Deborah Taylor Tate, would approve the union, provided XM (NSDQ: XMSR) and Sirius agreed to some last minute enforcement actions, including a fine.
So a new poll finds that 76% of Americans want new energy technology over new drilling, and 63% think opening ANWR and OCS will do more to make oil companies rich than lower gas prices. Heck, 54% don't believe that more drilling on government lands will make gas prices cheaper at all.
The final report from the European Food Safety Authority, an independent advisory body, made it less likely that such products could reach store shelves in Europe anytime soon.
The U.S. survey suggests that most of the potential resources are in regions that are not subject to territorial dispute.
Broadband users could pay an annual levy to download as much music as they want, with proceeds channeled to copyright holders
Google-MySpace Part II? WSJ reports that Microsoft (NSDQ: MSFT) will unveil a search deal with Facebook at today's analyst meeting.... Update: The news was just announced by Microsoft's Satya Nadella on stage at the company's analyst meeting, after first reciting a long list of technical accomplishments that the company had achieved in search.
Attorney General Andrew Cuomo filed suit against UBS today claiming the firm deceived investors re: auction rate securities by telling them they were cash equivalents, and that senior executives divested themselves of $21 million in ARSes as the shit hit the fan, all the while continuing to tell customers everything was cool.
After last night's surprise news, this becomes a lot more interesting: Microsoft (NSDQ: MSFT) is hosting a day-long analyst event today, kicking off with Steve Ballmer at 11:40 (ET). Suffice to say, they'll have plenty to talk about.
The Commodities Futures Trading Commission charged global trading fund Optiver Holding oil market manipulation that allegedly ...
The McClatchy Company's (NYSE: MNI) financial struggles only seemed to deepen in Q2, as Gary Pruitt, the publisher's chairman and CEO, pinned the weakening economy and the shift from print to digital on its revenue and income decreases.
Yesterday, UBS put out a research note saying Lehman was likely to make a sizeable asset sale, which may include the disposition of its investment management unit Neuberger Berman. Today, Morgan Stanley said in a research note that although the bank may make a “meaningful” asset disposition, it was unlikely to sell Neuberger.
The separation of EW Scripps (NYSE: SSP) and Scripps Interactive occurred on July 1, the day after Q2 ended, so this will be the last time the two Scripps report as one company: Total combined revenue for the quarter was $664.
Ford disclosed its largest quarterly loss in history $8.7 billion Thursday as it announced it will convert three truck plants ...
Cars, plasma TVs, fancy new clothes. They are all assets that start falling in value the minute you buy them. Add to that list old leveraged loans that financed the big buyouts of the credit boom and are selling for around 80 cents on the dollar.
“Ask AP” is “a weekly Q&A column where Associated Press journalists respond to readers’ questions about the news.” Not surprisingly, given the deteriorating quality of their reporting, the journalists questioned sometimes give less than perfect responses.
NEW YORK -- Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. Light, s.
$$$ Ric Flair Finance Boards the Failboat [1-2] $$$ WaMu Rumors [Seeking Alpha] $$$ BofA Hires Goldman Investment Banker [TSC] $$$ Cox and why naked shorting is sorta bad, but not really. [TheDeal]
The parent of the Union-Tribune has hired investment banker EverCore Partners to start beating the bushes.
Europe’s Food Safety Authority pulled back from giving milk and meat from cloned animals a clean bill of health, reducing the chances such products will reach stores soon.
Grand jury investigates lenders, L.A. sues financial firms, penalty phase of Bratz trial gets started, and cities go after Comic-Con.
Yes!It's about time the Republicans played hardball with Reid over this issue! Senate Republicans have threatened to block nearly all other bills pending before the August recess if Democrats refuse to vote with them on expanding offshore drilling.
President Bush has continually expressed his opposition to a housing bill that proposes to include $4 billion in grants for local governments to buy and refurbish foreclosed properties.
I’m probably not the only one who has a hard time ignoring the coverage of Britney Spears’ parenting kerfuffles. (The latest: a photo of her 4-year-old nearly 3-year-old son grabbing her pack of cigarettes and a lighter from a low table).
When Samsung Electronics, a giant in chips, mobile phones and LCD panels, reported earnings on Friday, it noted worsening business conditions and said its results could have been better were it not for falling demand for IT products and the general slowdown in the global economy.
Juniper Networks confirmed Thursday that Kevin Johnson will succeed CEO Scott Kriens, who said he's counting on the longtime Microsoft executive to help the Sunnyvale company expand in a market dominated by Cisco Systems.
The UK economy grew 0.2% in the second quarter of the year, as the credit crunch took its toll on the housing market.
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Amazon.com Inc., the world’s largest Internet retailer, rose the most in a year in Nasdaq trading after second-quarter profit exceeded analysts’ estimates because consumers bought video-game consoles online and the dollar’s decline boosted international sales.
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