Buffett's Berkshire Hathaway has been able to defer $61.9 billion of corporate taxes, the Financial Times reports.» Read More
In an attempt to engineer a workaround of a writers’ strike that is playing havoc with the awards season, the Hollywood Foreign Press Association announced Monday that the festive awards dinner would be replaced this Sunday night by a news conference to announce the prize winners.
Nicolas Cage's "National Treasure" sequel was the top draw at North American movie theaters for a third consecutive weekend, while a pregnant schoolgirl delivered another healthy box-office bundle.
For years, everyone's been waiting for an indication that either Sony's Blu-Ray or Microsoft and Toshiba's Blu-Ray format would emerge triumphant and the other would go the way of the BETA deck. Today, finally, a crucial tipping point in this battle in which the $20 billion dollar home video market is at stake.
The late night shows had their second night return to the airwaves and the networks are glad they are back after the two month hiatus. Their first night brought whopper increases in ratings--Nielsen reporting that Jay Leno, who returned without his writing staff, had his best ratings in years, 47 percent higher than his pre-strike average.
I'll admit, even in sunny Los Angeles where the weather doesn't vary much, I check weather.com regularly. Needless to say, the decade-plus I lived on the East Coast, I checked the site daily.
Landmark Communications, which owns The Weather Channel, said Thursday it hired two investment banks and would explore strategic options, including a possible sale.
The votes are in, and our readers are fairly bullish for stocks next year despite today's dreary decline. Sixty-five percent of some 800 who answered our Market Insider survey since Monday think that the S&P 500 will close higher this year.
Mortgage and vehicle fleet company PHH said on Tuesday it terminated its nearly $2 billion sale to General Electric and Blackstone, after the private equity firm failed to obtain required financing for the deal.
The stock market is off to a fitful start on this first trading day of 2008, not necessarily a good omen for the year if you believe soothsayers. ISM manufacturing data, released at 10 a.m., took an already waffling market lower.
Happy 2008! I'm back from my travels and have spent the day reading up on all the news I missed while away (though news of Benazir Bhutto's assassination was everywhere, the international press doesn't follow Hollywood labor negotiations as closely).
A contrarian investment strategy known as "Dogs of the Dow" has been a laggard this year, pulled down by Citigroup, one of the biggest casualties of the subprime credit meltdown.
Nicolas Cage led the North American box office for a second weekend with his "NationalTreasure" sequel, while the teen comedy "Juno" raced up the rankings despite playing in limited release.
Merrill Lynch shored up its capital base by as much as $7.5 billion after selling a stake to Singapore's government and an asset manager, and unloading much of a lending business, as it wrestles with huge subprime mortgage losses.
Christmas Eve brought glad tidings to Wall Street, with holiday cheer emanating from the battered financial sector and spreading through the market.
The yen dipped to a six-week low against the dollar Monday and fell against the euro as a pre-Christmas equities rally boosted investors' risk appetite.
Merrill Lynch said it plans to sell most of its Chicago-based capital lending business to General Electric and will boost its capital by raising up to $6.2 billion in a private placement.
Nicolas Cage topped the North American box office for the second time this year on Sunday with "National Treasure: Book of Secrets," a sequel to the biggest movie of his career.
Strong gains in consumer spending and technology stocks fueled a long-awaited Santa Claus rally on Wall Street.
Russian President Vladimir Putin was named Time magazine's "Person of the Year."