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Yahoo has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp. and Walt Disney.
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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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WASHINGTON, May 9- Senator John McCain introduced a bill on Thursday that would uproot the current system of bundling cable channels and let U.S. customers pay for select channels on an "a la carte" basis, a move likely to face stiff industry opposition.
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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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May 9- Google's YouTube video service is dipping its toe into pay television by starting on Thursday a subscription service with 30 content creators, including children's programmers Sesame Street and Muppet creator The Jim Henson Co, and the Ultimate Fighting Championship.
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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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*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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*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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News Corp. earnings beat expectations as strength in cable offset offset declines in publishing and education. Shares rose after-hours.
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Stocks finished near session highs across the board Wednesday, boosted by financials and materials, with the Dow and S&P 500 logging fresh closing highs.
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May 8- Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks. The company recorded $42 million in costs related to investigations of phone hacking at its newspapers in Britain.
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Check out which companies are making headlines after the bell Wednesday:
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May 8- Viacom Inc said on Wednesday an antitrust lawsuit by Cablevision Systems Corp accusing it of forcing cable providers and subscribers to buy channels they don't want, should be thrown out.
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May 8- Viacom Inc said on Wednesday a $1 billion lawsuit by Cablevision Systems Corp accusing it of forcing cable providers and subscribers to buy channels they don't want, should be thrown out.
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News Corp is set to report quarterly earnings, but the focus will be on the company's impending spin-off of its publishing assets as separate company. (NEWSCORP-RESULTS/, expect by 2030 GMT/ 4:30 PM ET, by Lisa Richwine, 500 words). From Europe's fringe, Romania and Bulgaria seek acceptance.
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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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*Disney profit beats expectations, Whole Foods ups outlook. NEW YORK, May 8- U.S. stock index futures were little changed on Wednesday, as investors found little reason to push shares decisively one way or the other, following gains that took indexes to fresh highs a day earlier.
