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In a move that makes little sense, a TV network, CBS (CBS) will buy a tech website business, Cnet (CNET). The price was $11.50. Cnet has been under pressure by activist shareholders to sell the...
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If all goes smoothly, the future of Tiger Woods and the media may finally be back to him being the biggest golf star ever rather than the subject of tabloids and celebrity television stalking shows...
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Not surprisingly, CIT Group Inc. (NYSE: CIT) filed with the SEC a form NT 10-K… That is a non-timely annual report notification. The company said it would be unable to file its annual report for...
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Source: Wikimedia CommonsCBS Outdoor Americas Inc. (NYSE: CBSO), what has been the outdoor advertising subsidiary of CBS Corp. (NYSE: CBS) is now its own company — more or less. The company priced...
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The Wall Street Journal has been carefully following the story of CIT’s (CIT) liquidity crisis. News that the firm is in trouble caused customers to draw down several hundred million in credit...
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Business 2.0 writes that the new RealPlayer (RNWK) will make it easier for consumers to share big media video files, out-doing YouTube. TechCrunch writes that EMI music videos will begin to run on...
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Continental Airlines Inc. (NYSE: CAL) announced that it plans to cut 3,000 jobs and that CEO and President will lower their salaries for the remainder of the year. As far as addressing...
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Reduced production rates for the Airbus superjumbo A380 and the company's military airlifter A400M will cost up to 3,700 European employees to lose their jobs over the next two years.
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Even with costs being slashed and share buybacks being halted, it appears that investors who have already taken a hit with share prices dropping should continue to get their quarterly dividend checks.
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CIT Group (NYSE: CIT) it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to...
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CIT Group, Inc. (NYSE: CIT) is out of bankruptcy, has John Thain as its new CEO, and is trying to get on with life in ‘the new normal’ in a sector where making money is going to be more of a...
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Here comes another weekend, and here comes another round of questions about the fate of CIT Group, Inc. (NYSE: CIT). While there were reports that Warren Buffett via Berkshire Hathaway Inc. (NYSE:...
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Buying online content company CNET and building out internet sites for its legacy properties was supposed to help earnings at CBS (CBS). At least the company would have something to balance its huge,...
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Source: ThinkstockThe brutal drive toward operating efficiency that many large companies adopted during the recession continues, despite what most economists call a recovery. Cost cuts are not any...
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