Can New CEO Double Yahoo! Stock Price? Yes
Yahoo!’s (NASDAQ: YHOO) new CEO, Marissa Mayer, worked at Google (NASDAQ: GOOG). So did AOL (NYSE: AOL) CEO Tim Armstrong, who took up the reins there in 2009. Mayer may want to take some…
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Newest first · Page 236Media Digest (7/17/2012) Reuters, WSJ, NYT, Bloomberg
Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do not like Google’s move into hardware.…
Mobile Reality Drives Facebook Shares Back Under $30
Facebook, Inc. (NASDAQ: FB) is suffering a psychological blow today. The NASDAQ is down about 0.5% but Facebook’s common stock is down now by almost 4% and under the $30.00 handle at $29.50 so…
MSNBC.com Becomes NBCNews.com
NBC News, a division of Comcast Corp. (NASDAQ: CMCSA), has acquired total ownership of the company’s jointly owned MSNBC.com website from Microsoft Corp. (NASDAQ: MSFT). Microsoft and NBC, formerly owned by General Electric Co.…
Media Digest (7/16/2012) Reuters, WSJ, NYT, FT, Bloomberg
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters) Lenovo may…
Verizon’s $3.9 Billion Spectrum Deal in Jeopardy
The US Department of Justice is delaying the proposed acquisition by Verizon Wireless of wireless broadband spectrum from SpectrumCo. Verizon Wireless is a joint venture of Verizon Communications Inc. (NYSE: VZ) and Vodafone Group…
Live TV Streaming Gets Court OK
In a ruling that could change the way people watch TV, a New York judge has denied a petition for an injunction against TV-rebroadcasting start-up Aereo, a company partially backed by Barry Diller, Chairman…
Video Game Sales Plunge
Research firm NPD reported that video game sales fell 29% in June to $699.8 million. Hardware sales dropped 45% year-over-year. This was despite the release of the new Nintendo 3DS. “The 3DS is still…
Media Digest (7/13/2012) Reuters, WSJ, NYT, FT, Bloomberg
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ: YHOO) email…
Take-Two’s Unusual Management Structure
It’s not uncommon for companies to hire business consulting firms to help them grow their businesses. However, it is almost unheard of for the consulting company’s CEO to become the consulted company’s chief executive…
Media Digest (7/12/2012) Reuters, WSJ, NYT, FT, Bloomberg
U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for sale. (WSJ)…
Confidence in TV News Drops Again — Gallup
As part of its annual survey of confidence in US institutions, Gallup reports the Americans’ confidence in TV news hit a new low this year. Just 21% of Americans say they have a great…
Media Digest (7/11/2012) Reuters, WSJ, NY Times, FT
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ: JBLU), Alaska…
Economic Cycle Research Institute Says U.S. Recession Is Already Here
The argument is out whether we are already in a recession in America or whether a recession is still coming. It just all depends upon whom you talk to. Lakshman Achuthan, co-founder of the…
Media Digest (7/10/2012) Reuters, WSJ, NYT, FT, Bloomberg
Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters) The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters) The European…