Stocks rallied unusually sharply for a Fed-meeting day, buoyed by oil's drop below $120 a barrel and a better-than-expected report on the services sector.
Stocks jumped after a report showed a better-than-expected improvement in the service sector last month. The market had already been buoyed by falling oil prices and confidence that the Federal Reserve won't deliver any surprise surprise rate moves.
Cablevision Systems said Tuesday it would hire investment banks to help evaluate a spin off at least one of its businesses, among other strategies, including buying back stock or paying out dividends, sending shares up as much as 8 percent.
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.
Comcast, the largest U.S. cable service provider, posted a higher quarterly profit as it gained market share in phone and Internet services and controlled expenses, sending shares up 6 percent.
Verizon Communications announced better than expected second quarter earnings before the bell. Earnings rose 12 percent, driven by its wireless business, as the company gains marketshare, adds net new subscribers and improves turnover rates.
Verizon Communications posted a higher-than-expected quarterly profit on Monday on strong wireless sales and improved margins, offsetting a fall in landline users.
Rupert Murdoch, whose News Corporation owns The New York Post, and Mortimer B. Zuckerman, the real estate developer and owner of The Daily News, who for years have been bitter tabloid competitors, are considering the unthinkable: cooperation.
A consortium including NBC Universal and Blackstone Group bidding for the Weather Channel is offering about $1.8 billion in equity for their bid, or roughly half the total offer, a source familiar with the matter said.
Stocks got off to a good start Monday with the Dow making triple digit gains for the week. What's the "Word on the Street?"
Stocks started the week off higher, led by financials and technology stocks. RIMM and MBIA rose, while HP declined.
Stocks started the week off higher as the dollar rose to a two-month high and oil receded. MBIA bounced despite reporting an astouding quarterly loss.
Cablevision Systems sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune, the companies said Monday, after Rupert Murdoch's News Corp withdrew its bid.
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Stocks bounced back Thursday following a sharp drop in jobless claims and better-than-expected monthly sales from Wal-Mart.
Retailers' April sales reports could shape early market action Thursday and provide a window on just how the consumer is faring.
You can't pick your family, but you can pick your stocks. When you’re buying along bloodlines how can you separate the black sheep from the family jewels?
Cablevision Systems has made a $650 million bid for Tribune's Newsday newspaper, topping rival offers from media titans Rupert Murdoch and Mortimer Zuckerman, a source briefed on the matter said Friday.
Tribune plans to sell the Newsday daily newspaper on Long Island to News Corp for about $580 million, The Wall Street Journal reported online on Monday, citing sources familiar with the situation.
Plus, a Cramerica-inspired greyhound race. There goes swifty!