Stocks advanced Tuesday, building on the prior session's rally, as a drop in oil prices and encouraging outlook from Cisco helped offset disappointment in Freddie Mac's results.
Stocks pared their losses Tuesday as a sharp rise in crude inventories sent oil prices lower, offsetting disappointment in Freddie Mac's results.
The big news: the company has taken the financial and strategic decisions in order to split the businesses, enabling them to sell the parts.
Stocks declined Tuesday, led by banks, after Freddie Mac posted a loss that was much wider than expected and announced plans to slash its dividend.
Stocks failed to capitalize on the momentum of Tuesday's 330-point Dow rally, opening slightly lower Tuesday on disappointing earnings news and an uptick in oil prices.
Cable giant Comcast is paying some $125 million for Daily Candy, a lifestyle-oriented website and e-mail newsletter that reaches 2.5 million readers, mostly women. Founded in 2000, Daily Candy publishes 13 daily editions and eight weekly editions, organized by locale or interest.
Time Warner said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
Whether stocks add to Tuesday's heady gains or not will be determined in part by whether oil prices stay in a downtrend.
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.
We're mid-way through media earnings, and a distinct trend is emerging: weakness in local ad markets is now spilling over to national cable and broadcast advertising. The media industry is facing all sorts of hurdles. Particularly unfortunate sector challenges at a time when the ad cycle is at a low.
It's late Sunday night and I've got a very tired 7-year-old boy in the back seat of my car. Driving home from the media screening of the upcoming "Star Wars: Clone Wars" animated feature due in theaters Aug. 15.
"The Dark Knight" fended off a strong challenge from the new "Mummy" sequel to lead the North American box office for a third weekend, and is on track to become the second-biggest movie of all time.
Yahoo has a lot of persuading to do Friday. At its annual meeting, Yahoo will have to show frustrated shareholders how it plans to move forward in the wake of dead-end buyout talks Microsoft. This against the background of Carl Icahn on its board and the sale of T. Boone Pickens Yahoo stake ahead of the meeting.
Viacom, the owner of MTV Networks, posted a better-than-expected quarterly profit, boosted by box office hits "Iron Man" and the latest "Indiana Jones," but U.S. cable network ad sales growth fell below the company's projections
Cramer makes the call on viewers' favorite stocks.
Vivi Nevo is said to be the largest individual shareholder of Time Warner, was once the largest private investor in Goldman Sachs, is engaged to China’s most famous actress, vacations on Rupert Murdoch’s sailboat, is the godfather of Lachlan Murdoch’s son, counts Lenny Kravitz as a good friend and attended Madonna’s wedding in 2000.And many people, including even some of his close friends, have no idea what his background is or how exactly he made his fortune.
Batman buried his rivals at the North American box office for a second weekend on Sunday, racing past $300 million in a record 10 days.
With comic-book based movies dominating multiplexes and breaking box office records, it's no surprise that Hollywood is sending its top executives and biggest stars down to ComiCon the Comic Book convention in San Diego.
Today I'm blogging from ComiCon, the 39th annual comic book convention; it's sold out and tickets are being scalped online for over 400 dollars. This year 125,000 fans are expected to hit the San Diego Convention Center for four days of fanboy heaven.
This morning at the Fortune Brainstorm conference Viacom CEO Philippe Dauman and Verizon CEO Ivan Seidenberg took the stage to be interviewed by Fortune Magazine Managing Editor Andy Serwer.