According to Reuters, bank analysts are concerned that Citigroup’s (C) decision to raise money signals more trouble ahead for banks. Reuters reports that Starbucks (SBUX) will sharply cut the number of stories it plans…
Cablevision (CVC) is apparently looking at buying Long Island newspaper Newsday with Jared Kushner, a rich youngster who owns the tiny weekly The New York Observer. As far any anyone knows, the Observer has…
XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio (NASDAQ: SIRI) have just announced that both companies have agreed not to exercise their rights to terminate the proposed merger agreement based on today’s date. …
Take-Two Interactive (TTWO), M&A prey of Electronic Arts (ERTS) will launch its wildly anticipated game "Grand Theft Auto IV" today. The paeon of bad taste, violence, and sexual lust may set records for video…
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share of Visa…
MediaPost has a rather interesting article out today citing state attorneys general from four more states have joined ten others in their opposition of the merger between Sirius Satellite Radio (NASDAQ: SIRI) and XM…
According to Reuters, oil price moved toward $120 on fear for supply interruptions. Reuters writes that Chrysler is trying to sell two of its North American plants. Reuters reports that many Wall St. analysts…
According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said the yen…
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has come out with earnings early this morning at $0.44 EPS from operations excluding special items, or a net of $0.42 EPS. While these numbers are…
Sony (SNE) has once again delayed the launch of its virtual PS3 application. It allows owners of the video console to play games together over broadband, chat, download games and the such. Microsoft’s Xbox…
According to Reuters, Yahoo! (YHOO) earnings met expectations. Microsoft (MSFT) indicated it would not raise its bid. Reuters writes that the price of corn and rice moved up sharply. Reuters reports that Tribune is…
According to Reuters, earnings from Texas Instruments (TXN) disappointed investors and the company issued a weak forecast. Reuters report that RBS (RBS) will raise $24 billion to help the bank which is likely to…
The executive editor of The Wall Street Journal has resigned. Marcus Brauchli had been in his post about one year. The Wall Street Journal is owned by News Corp (NWS) Douglas A. McIntyre
GameStop Corp. (NYSE: GME) has seen shares downgraded at Goldman Sachs this morning. The brokerage firm cut its already cautious Neutral rating down to a new Sell target. The stock target is $50.00, implying…
The torpedoes from Viacom (VIA) ran true and have hit CBS (CBS) right in the boiler room. One of Sumner Redstone’s companies is out to get the other. Fratricide at its finest. Viacom’s Paramount…