Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and a fresh downgrade in the financial sector.
Stocks opened lower Tuesday after an unexpectedly sharp contraction in the U.S. services sector and a fresh downgrade in the financial sector.
News Corp isn't worried about the writers' strike or a consumer turndown--not after its numbers turned out to be so strong. And Rupert Murdoch is optimistic--the company raising its guidance for its fiscal year ending this summer.
Who will be the winners and losers as media and metals report earnings this week. Also what's the trade as retailers release sales figures, Thursday?
Stocks closed lower, led by financials, after brokers downgraded several big names in the sector, including American Express.
Rupert Murdoch's News Corp. posted a slight rise in fiscal second-quarter profit, in line with expectations.
With all the attention we lavish on Google as it breaks through one stock-price plateau or another, it seems only fair to cover the company's stock as it retreats as well. Retreat might be an understatement.
Yes, it's true, after nearly four months and seemingly endless picket lines, the writers and the producers are close to a deal. After the Directors Guild renegotiated its contract, the Writers Guild leadership sat down with the Alliance of Motion Picture and Television Producers (AMPTP) -- and this time, Walt Disney Co. Chief Executive Bob Iger and Fox's Peter Chernin were leading those negotiations.
Informal talks between representatives of Hollywood’s striking writers and production companies have eliminated the major roadblocks to a new contract, which could lead to a tentative agreement as early as next week, according to people who were briefed on the situation but requested anonymity because they were not authorized to speak.
Would a Yahoo/Microsoft merger make AOL more attractive to a buyer?
Microsoft said Monday its $44.6 billion unsolicited offer for Yahoo was priced to make it easy for the company to accept, and it expects Yahoo's board and shareholders to agree to the buyout quickly.
The week ahead may be volatile, but markets are greeting it with less anxiety than we've seen in several weeks.
The Writers Guild strike is 12 weeks old and wreaking havoc on the TV biz. There's no new scripted programming. The Oscars are less than a month away, and with no promises yet from the WGA that they won't picket, there are serious fears it could turn into another movie-clip heavy press conference. We've got reality TV alright, tons of it--but the viewers aren't satisfied.
Call it the Google Paradox: Shares severely depressed these last few months, touching $538 last week, and yet the prevailing feeling on Wall Street--by far--is that Google is still the best deal going for net-sector investors.
The undefeated New England Patriots aren't taking the only shot at history this weekend. There's a strong chance that this could be the most-watched Super Bowl ever.
If you're an entertainment buff, you can't miss the significant presence of Scientology. Over the past few weeks, dozens of people have e-mailed me links to Tom Cruise's Scientology rant -- more accurately, it's his acceptance of a Scientology award -- and it's so bizarre...
The print newspaper business has problems--declining ad revenue, transitioning to the digital future. Just look at the stock price of the New York Times over the past year--ouch! Well now a hedge fund manager--Firebrand Capital's Scott Galloway--who owns a significant stake in NYT stock is pushing to make some changes.
The epic spoof "Meet the Spartans" narrowly beat out "Rambo" to nab the top spot in the weekend box office, according to studio estimates Sunday.
The story lines are unabashedly goofy. Cavemen invent the wheel to transport a beer cooler made of stone, and a car buyer enlists the help of a tribal warrior in case he needs some extra negotiating leverage at the dealership.
Striking Hollywood writers will meet face to face with studio executives this week for the first time since their contract talks collapsed on Dec. 7, the two sides said Tuesday.