Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Tuesday, 10 Nov 2009 | Source: The Associated Press
News Corp. chief executive Rupert Murdoch threatened to sue the British Broadcasting Corp. for allegedly stealing content from his company's newspapers and said News Corp. is considering pulling its stories from Google news searches
EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms.
Peter A. Chernin, the former president of the News Corporation and one of the most prominent media executives not tethered to a major conglomerate, is advising Comcast in its bid to acquire a majority stake in NBC Universal, according to executives briefed on the matter.
Of the world’s biggest media companies, the one that might seem in the best position to ride out the recession is Vivendi, whose headquarters in the shadow of the Arc de Triomphe oversees a sprawling empire of music, pay television, video game and mobile phone businesses.
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