NEW YORK (Reuters) - Time Warner Inc <TWX.N> is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter.
Stocks struggled Tuesday as energy stocks rose along with oil prices. But consumer-discretionary stocks dragged on the market after a disappointing consumer-confidence report.
Tuesday, 27 Oct 2009 | Posted By:
Dennis Kneale | Source: CNBC.com
The move by Bloomberg LP to buy out the red-ink-stained wretches and assets of BusinessWeek reveals some painful truths about the ailing print media industry its future. If it has one.
Futures indicated a mixed open for Wall Street on Tuesday, with the tech-heavy Nasdaq due to begin the day in negative territory while the Dow Industrial Average and the S&P 500 index are expected to open higher.
Monday, 26 Oct 2009 | Source: The Associated Press
Plagued by weakness in advertising and the elementary and high school education markets, information-services company McGraw-Hill Cos. said Monday its profit and sales declined in the third quarter.
Futures pointed to a higher open for Wall Street on Monday as a new week brings another heavy dose of corporate earnings, following the first weekly loss in three for the U.S. stock market's major averages.
Stocks pared some of their earlier losses but were still lower as disappointing results from Bank of America and General Electric eclipsed strong results from big techs.
Stocks pared some of their earlier losses but were still lower as disappointing results from Bank of America and General Electric eclipsed strong results from big techs.
The much-anticipated deal has been done: McGraw Hill announced Tuesday afternoon that it will sell the 80-year-old weekly magazine to Bloomberg... Read More