The drive for Dow 10,000 hit a bump in the road Monday as investors took a breather, sending stocks down more than half a percent at the open. Stocks remained lower after a report showed leading indicators rose for a fifth straight month.
Advertisers bought about 15 percent less commercial time from networks ABC, NBC, CBS and Fox for the upcoming TV season and — for the first time in years — paid less for the airtime they did purchase.
Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.
Monday, 20 Jul 2009 | Source: The Associated Press
Sony's movie studio has bid $50 million to acquire the worldwide distribution rights to a film based on rehearsal footage for Michael Jackson's "This Is It" comeback concert series.
In the three years since she started Deadline Hollywood Daily, a daily blog about the entertainment business, her combination of old-school skills — she is a relentless reporter — and new-media immediacy has made her a must-click look into the ragingly insecure id of Hollywood.
There’s no shortage of companies turning to Twitter and other social media websites to promote their brands. But the trend hasn't created many new jobs—at least not yet.
Wednesday, 24 Jun 2009 | Source: The New York Times
Like newspaper owners, media moguls are looking for new ways to protect their investment from the ravages of the Internet. And, as with the newspaper industry, the answer remains elusive. What is at stake is perhaps the last remaining pillar of the old media business that has not been severely affected by the Internet: cable television. Aware of how print, music and broadcast television have suffered severe business erosion, the chief executives of the major
The Fords have had their tense times, most recently in 2007 when a few family members tried - unsuccessfully - to hire a Wall Street firm to advise the family on possible exit strategies. But as they have done for decades after their meeting last January, the Fords rallied behind the family’s appointed leader: William C. Ford Jr., a great-grandson of the founder and chairman since 1999.
Tuesday, 23 Jun 2009 | Source: The Associated Press
Twitter founders still haven't decided how to cash in on their popular Internet messaging service -- to the delight of a rapidly growing audience. But the deliberate approach may not prevent a gold rush among opportunistic outsiders.
Strong performance at News Corp's (NWS) cable channels and movie studio helped compensate for advertising declines, helping themedia giant outperform Wall Street's expectations... Read More
As David Faber reported, General Electric and Comcast are in talks to spin off GE's NBC Universal, parent of CNBC, into a new company that will be merged with the content assets of Comcast.... Read More
Look to investing in high quality stocks in this type of market environment, said Donald Yacktman, president and co-CIO of Yacktman Asset Management... Read More
How is it possible that someone like Andy Hornby has resurrected his career, while other former high-flying members of the banking industry have been unable to shake the pariah tag? Here are four things that have worked in Hornby's favor, and that other execs may do well to learn from, should they ever find themselves in similar circumstances... Read More