| Cablevision and Tribune seal Newsday deal
(Reuters)
-- Mon, 12 May 2008 13:31:51 GMT |
Reuters - Cablevision Systems Corp
sealed a $650 million deal to buy 97 percent of Newsday Media
Group from Tribune Co, the companies said on Monday, after
Rupert Murdoch's News Corp (NWSa.N) withdrew its bid.
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| Sprint's loss widens, sees slow improvement
(Reuters)
-- Mon, 12 May 2008 15:59:34 GMT |
Reuters - Sprint Nextel Corp , the No. 3
U.S. wireless service provider, said on Monday it may seek
changes to its credit agreements, raising questions about how
long it will take to turn around the business.
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| Stocks advance with financial companies
(Reuters)
-- Mon, 12 May 2008 15:17:33 GMT |
Reuters - Stocks advanced on Monday as financial
shares added to gains after bond insurer MBIA said
quarterly revenue dropped less than it reported initially.
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| Clear Channel trial delayed till Tuesday
(Reuters)
-- Mon, 12 May 2008 14:46:32 GMT |
Reuters - The scheduled start on Monday of a
trial over financing for the $20 billion buyout of Clear
Channel Communications has been delayed until Tuesday.
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| CORRECTED: MBIA posts huge loss on credit derivatives
(Reuters)
-- Mon, 12 May 2008 16:09:29 GMT |
| Reuters - MBIA Inc , the world's largest
bond insurer, posted a quarterly loss of $2.4 billion on Monday
as it took charges on billions of dollars of exposure to bonds
linked to subprime mortgages. |
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| China's inflation rises to almost 12-year high
(AP)
-- Mon, 12 May 2008 15:59:34 GMT |
AP - China's inflation almost climbed to a 12-year high in April, swamping official efforts to cool surging living costs that could provoke unrest ahead of the Beijing Olympics.
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| HSBC says Q1 profit up, bad debts jump
(Reuters)
-- Mon, 12 May 2008 10:49:25 GMT |
Reuters - Europe's biggest bank HSBC Holdings
said its profit in the first quarter was ahead of a
year ago as growth in Asia helped counter over $5 billion in
hits from bad debts on U.S. home loans and asset writedowns.
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| AnnTaylor shares jump on raised forecast
(Reuters)
-- Mon, 12 May 2008 14:03:29 GMT |
| Reuters - AnnTaylor Stores Corp raised
its first-quarter earnings forecast on Monday, citing lower
inventories and improvement at its LOFT chain, sending shares
of the women's clothing retailer up 11.5 percent. |
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