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Daniel Doctoroff, the CEO and president of Bloomberg LP, has posted his first blog on the company's web site apologizing to customers.
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Daniel Doctoroff, the CEO and president of Bloomberg LP, has posted his first blog on the company's web site apologizing to customers.
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*Apple drags on the S&P and Nasdaq, IBM weighs on the Dow. *Tesla Motors surges after results. NEW YORK, May 9- The S&P 500 broke a five-day streak of record closing highs on Thursday, ending a fairly volatile session lower as the market's recent momentum faded and Apple's shares declined.
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*Barnes& Noble leaps after TechCrunch reports Microsoft interest. *Tesla Motors surges after results. NEW YORK, May 9- The S&P 500 broke a five-day string of record closing highs on Thursday, ending a fairly volatile session lower as recent momentum lost steam and Apple shares declined.
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*Barnes& Noble leaps after TechCrunch reports Microsoft interest. *Tesla Motors surges after results. Boosting the S&P 500, News Corp shares gained 5.2 percent to $33.51.
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*Barnes& Noble soars after TechCrunch report of Microsoft interest. *Tesla Motors and Groupon soar after results. "We've had such a consistent upward move that investors need some real new news to keep the momentum going," said Rick Meckler, president of hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.
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*Tesla Motors and Groupon soar after results. NEW YORK, May 9- U.S. stocks edged lower on Thursday despite stronger-than-expected data on the labor market, with Wall Street coming off a sustained rally that took the S&P 500 to record closing highs for five straight sessions.
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*Groupon soars in premarket on revenue growth. NEW YORK, May 9- U.S. stock index futures pointed to a slightly lower open on Thursday despite stronger-than-expected data on the labor market, with Wall Street coming off a sustained rally that took the S&P 500 to record closing highs for five straight sessions.
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Donald Katz, Audible.com founder & CEO, explains how he turned his business into the world's largest producer and seller of digital books.
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*Dow, S&P come off records after five days of gains. *Groupon revenue growth faster than expected. NEW YORK, May 9- U.S. stock index futures were flat on Thursday, as investors paused to await data on the labor market after the S&P 500 closed at new highs for the past five consecutive sessions.
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Tuna Amobi, senior media and entertainment equity analyst at S&P Capital IQ, says News Corp results, driven by Cable, were better than expected and discusses the upcoming spin-off.
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*Barnes& Noble soars after TechCrunch report of Microsoft interest. *Tesla Motors and Groupon soar after results. NEW YORK, May 9- The S&P 500 edged lower on Thursday, coming off its record highs, as data showing signs of improvement in the labor market was not enough of a catalyst to add to the recent upward momentum.
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*Torstar Q1 profit falls by three-quarters, Quebecor profit halves. *Quebecor shares drop 4 pct. May 8- Canadian newspaper publishers Torstar Corp and Quebecor Inc delivered more bad news to investors on Wednesday, saying that cost cuts were failing to keep pace with an accelerating decline in print media revenue.
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LONDON, May 8- Tom Mockridge, who worked closely with Rupert Murdoch in more than 20 years at News Corp, is to take over at Virgin Media, pitting the two men against each other in a battle for British pay-TV viewers.
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May 8- Torstar Corp, the owner of Canada's largest daily newspaper by circulation, reported a 76 percent fall in first-quarter profit and said it had cut 105 jobs in its media and book publishing business in the quarter. Torstar said it took a C $8 million charge due to the job cuts and said it would continue to focus on reducing costs.
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Nancy McKinstry, CEO of professional publishers, Wolters Kluwer, tells CNBC that the quarter was online with their expectations, with digital products achieving good growth.
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WELLINGTON, May 8- Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday. Aaron Gilmore texts to lawyer revealed: The National Party has been shown text messages from Aaron Gilmore that appear to contradict assurances he gave Prime Minister John Key.
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DUBLIN, May 7- Italian-owned gaming firm GTech is planning to bid for Ireland's next lottery licence and may form an alliance with the country's state postal service which operates the current licence, a Gtech official told the Irish Times newspaper on Tuesday.
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WELLINGTON, May 7- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Aaron Gilmore to face Parliament today: Shamed National MP Aaron Gilmore has been told to front up in public and to his colleagues today to explain his boozy behaviour last Saturday, but he is unlikely to be kicked out of the party.
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MILAN, May 6- Italian debt-laden publisher RCS MediaGroup will close its magazines if no buyer is found by the end of June, a source familiar with the situation told Reuters on Monday. RCS, which plans to launch an up to 500 million euros cash call in July to continue running as a business, has also put up for sale its stable of 10 magazines as part of a relaunch plan.
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JUBA, May 4- South Sudan's police have detained a newspaper editor without charge and refused him access to a lawyer for three days, he told a Reuters reporter who visited him in a crowded police cell on Saturday.