Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle bribery charges with the U.S. Justice Department.» Read More
When NBC Universal presents next season's television schedule Wednesday, it will do so six weeks ahead of the other major U.S. networks, providing its new prime-time shows with an added shot of publicity and buzz.
A Delaware court ruled in favor of InterActive Corp CEO Barry Diller in his legal dispute with Liberty Media's John Malone in a battle over who could control InterActive Corp's future. This means that Diller can go ahead with his plan to spin off four stand-alone companies:
At annual meetings across the country shareholders are making the yearly pilgrimage to have their voices heard, and votes counted, at the companies they own. In some cases, those shareholders have a hand in changing the way the firm does business.
American Express said it agreed to acquire Corporate Payment Services, a commercial credit card and corporate purchasing business, from General Electric's GE Money unit for $1.1 billion in cash.
Spain's Santander said on Thursday it was selling Italian corporate banking arm Interbanca to General Electric in exchange for consumer finance units in a deal worth 1 billion euros ($1.7 billion).
NBC Universal signed one of its top cable network executives, Bonnie Hammer, to a new contract Monday while also expanding her duties to include control over the development of all entertainment programming for cable channels.
If GE’s credit and other businesses are any indication, we’re close.
Stocks closed higher Thursday, boosted by a late-breaking Federal Reserve announcement, a better-than-expected regional manufacturing report and an upbeat analyst note on financials. Oil prices were back above $100 a barrel.
I met up with several Wall Street analysts last night and everyone was talking about cable properties being on fire. Everyone taking a close look at the cable entities driving the media giants--like ESPN--and the ones now on the auction block.
Tuesday's explosive stock rally, fueled by the Fed's latest efforts to stem the credit crisis, is convincing more on Wall Street that the market may finally be nearing a bottom.
Apple is reportedly in talks with music industry giants to strike a deal to offer unlimited music to its customers which would be a dramatic shift from its business model of selling individual songs and albums.
It’s the time of the day for the shorts to press their case. Remember, sell the rally is the only consistent trading methodology that has worked in the past six months. It’s natural we should see some pressure today.
Salt power is a tantalizing, if still distant, alternative energy prospect as high oil prices make more exotic alternatives look more economical.
The traditional music biz is over as CD sales dropped about 20 percent from 2006 and 2007. And revenues from that physical music business are likely to comprise just 20 percent of an up and coming band's revenue stream.
It's a familiar refrain from strategists and fund managers, especially these days: Think long-term. Jensen Investment Management chairman Robert Millen and David Katz, chief investment officer of Matrix Asset Advisors, think that's the only way to go.
Engineering group Siemens issued a profit warning after a review of major projects at three operations, sending its shares down as much as 7 percent in pre-market trading on Monday.
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
The computer-animated adaptation "Dr. Seuss' Horton Hears A Who!" trampled its rivals at the North American box office Sunday with weekend sales of $45.1 million, the biggest opening of the year.
It was a week in which the news began and ended with the financials, and some scandal and economic angst in-between. The question for investors was how to navigate it.
Here's the $64,000 question of the day: Do people really want to watch made-for-web content on their televisions? It didn't work when NBC picked up the web series "Quarterlife" to air on primetime--they're sending it over to Bravo.