Mattel said Chief Executive Bryan Stockton has resigned, and warned preliminary fourth-quarter results will fall short of expectations.» Read More
The S&P 500 and Dow index broke 8 days of consecutive gains on Friday, after an economic report showed consumer sentiment in August dipped to a 4-month low. Despite of Friday's slight pull-back, all major US indexes are on track to close up 2.5% or greater for the month.
Late last night, the popular blog SportsByBrooks published this headline:"Danica To Bare It All For ESPN Mag's "Nude" IssueThe headline and the story got our attention because it was the first name that had surfaced after the announcement of The Body Issue was made in June. We put forth our top top 10 men and women at the time who we thought might decide to take it all off, even though ESPN The Magazine editors were clear that this was not a condition of appearing in the publication.
Viacom's, Paramount just announced a partnership with DVD-rental company Redbox, becoming the third studio to make a deal with Coinstar's company that rents $1 DVDs through 17,000 kiosks around the country. This is far more than a simple DVD distribution deal, this is Paramount taking sides in what's become a pitched battle in Hollywood. The question now is which side Disney comes down on, it's one of the last players who hasn't picked sides.
Since the news broke that Paramount is delaying the release of its Martin Scorsese thriller "Shutter Island" from October until February, I've talked to a lot of Hollywood insiders about what this says about Paramount's weakness. I've also heard plenty of rants about how this delay speaks to exactly what's wrong with the hundreds of millions of dollars spent every year on movie marketing.
As the stock market continues to gain steam, with all major US indices higher by 46% or more since the market rebound began, companies in the S&P 500 have outperformed the average gains of the Dow and Nasdaq 100 components.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
Stocks ended sharply higher on Friday with the Dow, S&P 500 and the Nasdaq all closing at a new highs for 2009.
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
Just days after the high-profile conviction of former Brocade CEO Greg Reyes completely imploded, we get word that a stock options backdating investigation into former Pixar CFO Ann Mather has been closed with no charges.
Sony spent $60 million dollars acquiring the rights to the last footage of Michael Jackson and now it has a plan to get its money worth.
These days anyone with an iPhone is a citizen journalist. And that makes the Southeastern Conference, which has a $3 billion plus, 15-year contract with CBS and ESPN very, very scared.
Cramer makes the call on viewers' favorite stocks.
We were shocked when we saw the promotion. ESPN The Magazine offering its two million current subscribers a chance to get a full year of the magazine and its ESPN.com pay site, Insider, for $1 total. For those scoring at home, that’s less than 4 cents an issue and Insider, which on its own costs $40, for free.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
As evidenced by the recent selloff, most people don't believe the recovery will be straight up—or even a steady climb. So, the hot question right now is, what shape will it be—A triple-U? Square-root sign?
It's been a long time in coming -- Steven Spielberg's DreamWorks Studios just announced it completed its first phase of financing, allowing the studio co-run by Stacey Snider to start production.
AOL, often derided as the original gated community, is now manufacturing a broad array of digital media that is free for the grabbing., the New York Times reports.
Nielsen boxes are dinosaurs and despite Nielsen's expansion, the media and advertising business want to have a better sense of how and where people consume content. Sources tell me a major partnership is in the works.
Music fans around the world have a love-hate relationship Ticketmaster, which provides a seemingly infinite variety of live events, at a cost. Now the company is feeling the impact of the recession.
Finally there's progress in Hollywood's push to enter China. The WTO issued a 460 page ruling that demands that the Chinese government ease its restrictions, and among other things allow U.S. content companies to work with any distributors, not just those controlled by the government.