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Business News |
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Yahoo! News: Business
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Business
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Cablevision and Tribune seal Newsday deal
(Reuters)
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 on lost subscribers
(Reuters)
Reuters - Sprint Nextel Corp , the No. 3
U.S. wireless service provider, reported a wider quarterly loss
on Monday on steep customer defections, and forecast only
marginal improvements in the current quarter.
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Stocks point to higher open as oil pulls back
(Reuters)
Reuters - NEW YORK (Reuters) -Stocks were heading for a higher open
on Monday as the dollar rose toward a two-month peak, helping
push the price of oil back from record highs.
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MBIA posts huge loss on credit derivatives
(Reuters)
Reuters - MBIA Inc said on Monday
unrealized losses on insured derivatives skyrocketed in the
first quarter, pushing the world's largest bond insurer into a
sharp quarterly loss.
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Oil drop deepens as dollar gains
(Reuters)
Reuters - Oil fell $2 to near $124 a barrel on
Monday, as a stronger U.S. dollar and profit-taking put the
brakes on a rally that took it to record peaks last week.
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China's April inflation near decade-high levels
(AP)
AP - China's inflation rose in April to near decade-high levels, according to data released Monday, increasing pressure on Beijing to cool rapidly ascending prices and avert possible unrest ahead of the Summer Olympics.
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HSBC says Q1 profit up, bad debts jump
(Reuters)
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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