According to Reuters, National City (NCC) will raise as much as $7 billion. Reuters writes that Viacom (VIA) will launch a pay TV channel to compete with Time Warner’s (TWX) HBO. Its partners will…
According to Reuters, RBS (RBS) plans a rights offering next week to raise capital. Reuters reports that Google (GOOG) beat Wall St. expectation. Reuters reports that NY State will investigation the auction-rate securities debacle.…
The New York Times Company (NYSE: NYT) had a "challenging" first quarter.Total revenue fell almost 5% to to $748 million. Expense dropped only 1% to $723 million. The company’s odd About.com online operation was…
According to Reuters, the head of Samsung has been indicted for tax evasion. Reuters writes Ebay (EBAY) profits rose 22%, but the company was cautious about the rest of the year. Reuters reports that…
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company having…
Private Media Group, Inc. (NASDAQ: PRVT) ia announcing a unique launch with Pilgrim Telephone, Inc. for the U.S. and Canada. This will marry Private’ adult entertainment with Pilgrim’s social networking services for wireless and…
According to Reuters, Northwest (NWA) and Delta (DAL) will merge to create the world’s largest airline. Reuters writes that the profit at Bear Stearns (BSC) fell 79%. Reuters reports that Continental (CAL) and United…
According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash. Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could be announced…
Citigroup (NYSE: C) cannot syndicate its EMI loan, AMD (NYSE: AMD) has lost its CTO, Fedex’s (NYSE: FDX) CEO sees a slowdown in the economy, and Nokia (NYSE: NOK) can’t sell phones with TVs.…
This week on CNBC’s MAD MONEY, Jim Cramer highlighted how Russia has many very promising prospects for emerging markets investors. He gave many ways to play the country with ADR’s of public Russian companies…
Journal Register Co. (NYSE: JRC) has been given notice by the NYSE that its shares are slated to get booted off of the prestigious exchange. The NYSE said in its statement that the company…
Verizon (NYSE: VZ) went sniveling into US District Court to complain that Time Warner Cable (NYSE: TWC) was running misleading ads about the phone company’s new fiber optic TV and broadband product. TWC better…
Streaming Media Magazine and Streamingmediia.com have released their list of the twenty-five most important people in in the streaming media industry over the last decade. “I suppose if you extend the baseball metaphor, these…
According to Reuters, Bernanke says that the current financial system can be fixed. Reuters writes that Google (GOOG) is using Frank Quattrone as its investment bank advisor. Reuters reports that banks involved in the…
After the close this evening, ethnic media player Radio One, Inc. (NASDAQ: ROIAK) (NASDAQ: ROIA) announced it was acquiring a social networking company called Community Connect for around $38 million. Interestingly enough Radio One…