News 2008-04-23 Andanh.com

Murdoch Moving to Buy Newsday for $580 Million Wed, 23 Apr 2008 04:38:51 GMT
A tentative deal to buy his third New York newspaper would tighten Rupert Murdoch’s grip on American news media.

Murdoch Taking on F.C.C. Media Rule Wed, 23 Apr 2008 04:28:52 GMT
Rupert Murdoch appears likely to pose the first significant challenge to the media ownership rule that the Federal Communications Commission recently adopted.

Insurer Says Economy Has Dented Its Prospects Wed, 23 Apr 2008 04:26:55 GMT
The insurer posted lower-than-expected first-quarter earnings and sharply reduced its outlook for 2008, saying fewer businesses and employees were signing up.

Congress Near Deal on Genetic Test Bias Bill Wed, 23 Apr 2008 04:42:44 GMT
Lawmakers are close to an agreement to clear the way for a bill prohibiting employers and insurers from discriminating on the basis of genetic tests.

Making Money, the How-To Way Wed, 23 Apr 2008 03:23:58 GMT
Online instructional videos — even for such arcane tasks as turning flashlights into lasers — are proving extraordinarily popular and lucrative.

Yahoo Holds Steady in Economic Slowdown Wed, 23 Apr 2008 04:31:16 GMT
Yahoo reported a 9 percent first-quarter revenue increase, The news, while positive for the firm, was unlikely to boost its argument that Microsoft’s takeover bid is too low.

Cloud Computing Gains Steam With New I.B.M. Gear Wed, 23 Apr 2008 04:47:02 GMT
I.B.M. is entering the market for Internet-focused data centers with computer systems designed to reduce power consumption sharply and take up less floor space.

Microsoft Reveals a Web-Based Software System Wed, 23 Apr 2008 04:47:35 GMT
The new system, called Live Mesh, is Microsoft’s most ambitious step yet in tying its personal computer business more closely to software running in remote data centers.

British Bank Seeks New Funds Tue, 22 Apr 2008 12:34:32 GMT
Royal Bank of Scotland became the latest lender to seek new funds to cover its soured investments, saying it would sell $23.8 billion of new shares to current investors.

Weak Dollar Weighs on Europe Wed, 23 Apr 2008 05:10:30 GMT
The euro rose above $1.60 on Tuesday for the first time, adding to pressure on big European exporters to raise prices.

Regulators Back Away From Changes to Commodity Hedging Wed, 23 Apr 2008 01:02:50 GMT
The rule changes would have raised the size of the market stake that financial speculators could hold, and exempted commodity index funds from those higher limits.

Surging Energy Costs Take a Big Toll on Airline Earnings Wed, 23 Apr 2008 04:30:25 GMT
The UAL Corporation, United Airlines’ parent company, reported a $537 million first-quarter loss, as a 51 percent increase in fuel costs overwhelmed efforts to raise fares.

Administration Seeks a Quicker Increase in Fuel Standards Wed, 23 Apr 2008 01:43:37 GMT
Acting as gasoline prices are setting records, the Bush administration proposed an annual 4.5 percent increase in vehicles’ fuel efficiency from 2011 through 2015.

An Uncomfortable Shareholder’s Meeting for Citigroup Wed, 23 Apr 2008 01:22:41 GMT
Citigroup’s directors were re-elected, but were shelled with criticism at their annual meeting of shareholders, whose stock has lost half its value in a year.

A Slice of German Wikipedia to Be Captured on Paper Wed, 23 Apr 2008 05:08:00 GMT
In an odd experiment in reverse publishing, a collection of Wikipedia articles in Germany is being produced in book-form by a major publisher.

Next-Door Neighbors Back Bush on Expanding Trade Wed, 23 Apr 2008 04:37:20 GMT
Canada and Mexico lent their weight to President Bush’s campaign to expand free trade within the framework of Nafta.

EBay Files a Stockholder Lawsuit Against Craigslist Wed, 23 Apr 2008 03:33:29 GMT
In a statement, eBay said that in January, Craigslist executives took actions that “unfairly diluted eBay’s economic interest” in the company.

Wireless Business Helps AT&T’s Profit Climb 22% Wed, 23 Apr 2008 04:26:30 GMT
Earnings met expectations, as AT&T’s wireless business continued to grow fast enough to make up for its shrinking traditional service.

Advertising: British Firm Aims to Move Media’s Wheeling and Dealing Out of the Pub Wed, 23 Apr 2008 05:15:23 GMT
Shunning online auctions and other digital-age tools, owners of offline media and the agencies that allocate ad budgets often turn to an older negotiating venue: the local pub.

Alliance of Motion Picture and Television Producers File Complaint Against Writers’ Guilds Wed, 23 Apr 2008 04:31:42 GMT
The complaint said the guilds urged members to shun the writers because they dropped active union membership during their recent strike.

Square Feet: Is a Giant Mall an Eyesore? Developer Urges Patience Wed, 23 Apr 2008 04:34:10 GMT
Developer Laurence C. Siegel remains optimistic about his long-delayed Xanadu, a $2.3 billion New Jersey shopping mall project scheduled to open in November.

Clear Channel’s Buyers Reject Banks’ Arbitration Offer Wed, 23 Apr 2008 01:27:28 GMT
The rejection by Bain Capital and THL Partners was the latest twist in one of the most prominent disputes since leveraged buyouts began collapsing last fall.

Court Overturns Federal Accusation Against Rambus Wed, 23 Apr 2008 04:16:51 GMT
A federal appeals court has overturned an order issued by the Federal Trade Commission that had accused the computer chip maker Rambus of antitrust violations.

Samsung Chairman Resigns Wed, 23 Apr 2008 05:11:58 GMT
Lee Kun-hee, Samsung Group’s chairman, indicted on tax evasion charges, announced that he would step down after 20 years of leadership.

Tyson Told to End an Antibiotic Claim Wed, 23 Apr 2008 03:56:33 GMT
Competitors objected to the ads by Tyson and said Tyson had injected its eggs with antibiotics and used antibiotic molecules in its feed.

Glaxo Says Wine May Fight Aging Wed, 23 Apr 2008 04:15:47 GMT
The British drug maker said it would acquire a biotechnology company that is pursuing the notion that a compound found in red wine might retard aging.

Stocks & Bonds: Markets Dip Despite Some Good Reports Wed, 23 Apr 2008 01:36:21 GMT
Fresh record-high oil prices and a rush of quarterly results from bellwethers like AT&T, DuPont and McDonald’s sent the Dow down more than 100 points.

Washington Paper Ousts a Top Editor Wed, 23 Apr 2008 04:58:52 GMT
The Washington Post removed Susan B. Glasser from her job as an assistant managing editor in charge of national news, amid complaints and poor morale.

Times Company Elects Two Outsiders to Board Wed, 23 Apr 2008 05:15:01 GMT
Scott Galloway and James A. Kohlberg, two investors who were part of a group that threatened a proxy battle against the Times, were elected as directors.

Two Promotions at Times Co. Wed, 23 Apr 2008 05:15:29 GMT
R. Anthony Benten was promoted to senior vice president for finance and corporate controller, and Vincenzo DiMaggio was tapped as vice president and assistant controller.

Government Seeks to Buy Student Loans Wed, 23 Apr 2008 04:21:52 GMT
The Bush administration’s proposal is intended to ensure that the nation’s credit crunch does not block borrowing for higher education.

The Nazi Plot That’s Haunting Tom Cruise and United Artists Wed, 23 Apr 2008 04:01:57 GMT
Hollywood clucks over the stumbles “Valkyrie” has taken.

CBS News Records Its Worst Ratings Wed, 23 Apr 2008 03:55:53 GMT
On Tuesday CBS received ratings results that put an exclamation point on its troubles: the “CBS Evening News” recorded the worst five-night run in its history last week.

Tax Policy in Britain Casts Doubt on Brown Wed, 23 Apr 2008 04:13:31 GMT
One of Prime Minister Gordon Brown’s tax policies is prompting a political crisis that threatens to unravel the Labor Party less than two weeks before a set of critical local elections.

Europe Turns to Coal Again, Raising Alarms on Climate Wed, 23 Apr 2008 04:39:01 GMT
European countries plan to use coal, generally the dirtiest fuel on earth, in new power plants.

Unloading the Leftovers of Past Loves Wed, 23 Apr 2008 05:05:12 GMT
A Web site allows users to sell, auction, trade or simply give away the refuse of their amorous misadventures. But they also have to tell the stories behind the gifts.

To New York Public Library’s Astor and Tilden, Add Schwarzman Wed, 23 Apr 2008 04:51:08 GMT
The main branch of the library will be renamed after Stephen A. Schwarzman, a Wall Street financier, who contributed $100 million to the institution.

Economic Scene: Weighing a McCain Economist Wed, 23 Apr 2008 02:53:28 GMT
Putting a question to Senator John McCain’s economic adviser, Douglas Holtz-Eakin: Are there any fiscal conservatives anymore?

Magazine Preview: Triple-A Failure Wed, 23 Apr 2008 03:00:37 GMT
How Moody’s and other credit-rating agencies licensed the abuses that created the housing bubble — and bust.

Setback in Sales for McDonald’s Wed, 23 Apr 2008 04:30:57 GMT
McDonald’s said sales at American restaurants open at least 13 months rose 2.9 percent in the first quarter but fell 0.8 percent in March.

Yum Brands Profit Rises, Helped by Growth in China Wed, 23 Apr 2008 03:36:14 GMT
The operator of the KFC, Taco Bell and Pizza Hut fast-food chains said first-quarter net income jumped to $254 million, or 50 cents a share.

Lockheed Earnings Up 6%, Topping Forecasts Wed, 23 Apr 2008 01:31:40 GMT
The military supplier said its first-quarter earnings rose to $730 million.

DuPont’s Profit Up 26 Percent on Farm Product Sales Wed, 23 Apr 2008 03:31:27 GMT
The chemicals company reported earnings of $1.19 billion, or $1.31 a share, up from $945 million, or $1.01, a year earlier.

Wyeth’s Profit Slips as Generic Competition Rises Wed, 23 Apr 2008 03:40:35 GMT
Wyeth earned $1.2 billion, or 89 cents a share, compared with $1.25 billion, or 92 cents a share, a year earlier.

Sales Rise but Higher Costs Hurt Profit at Kimberly-Clark Wed, 23 Apr 2008 03:29:58 GMT
Kimberly-Clark, facing higher prices for the raw materials it needs to make tissues and diapers, said on Tuesday that its first-quarter profit slipped 2.5 percent.

AK Steel’s Profit Rose 60 Percent in First Quarter Wed, 23 Apr 2008 04:54:53 GMT
The chief executive, James Wainscott, said its earnings were helped by soaring global steel prices and favorable labor contracts.

Lexmark Sales Fall Wed, 23 Apr 2008 03:00:31 GMT
Lexmark International reported a decline in first-quarter laser and inkjet printer sales and forecast further softness in revenue, sending its shares down sharply.

Omnicom Profit Up 14% Tue, 22 Apr 2008 16:43:55 GMT
The advertising services giant beat Wall Street expectations and sent a signal to investors that corporate advertising spending is holding up for the moment.

Journal Communications Profit Falls Tue, 22 Apr 2008 16:35:10 GMT
The results met market expectations, but the publisher of the Milwaukee Journal Sentinel forecast a fall in second-quarter publishing revenue amid weakness in classified advertising.

Disney Looks to Nature, and Creates a Film Division to Capture It Tue, 22 Apr 2008 05:04:21 GMT
Betting that audiences are hungry for nature documentaries, the Walt Disney Company has created a new production banner to deliver two nature films a year starting in 2009.

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