News 2008-05-13 Andanh.com

Hewlett-Packard Acquires E.D.S. Tue, 13 May 2008 15:04:27 GMT
The $13.9 billion deal for Electronic Data Systems will make H.P. the second-largest player behind I.B.M., and is H.P.’s largest acquisition since it acquired Compaq.

Profit Rises, but Wal-Mart Cautions Tue, 13 May 2008 16:15:19 GMT
The nation’s largest retailer and a bellwether for the economy said sales and profit surged in the first quarter, but it warned it might miss earnings expectations for the current quarter.

Retail Sales Dip for Second Time in 2 Months Tue, 13 May 2008 16:50:22 GMT
Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.

Bernanke Says Turmoil in Markets Is Easing Tue, 13 May 2008 16:35:58 GMT
Steps taken by the central bank to get credit flowing more freely have led to some improvement in financial markets, but conditions are “still far from normal,” the Fed chairman said in a speech.

French Bank Plans to Raise $9.1 Billion Tue, 13 May 2008 16:32:44 GMT
Crédit Agricole said the equity offering is aimed at shoring up capital after further write-downs at its Calyon investment bank. Earlier, Société Générale said quarterly net profit fell 23 percent.

Toll Brothers Expects 30% Drop in Revenue Tue, 13 May 2008 14:59:16 GMT
Preliminary results show home-building revenue of $817.9 million for the second quarter for the luxury home builder amid a week spring selling season.

Another Delay for Airbus Passenger Jet Tue, 13 May 2008 17:05:18 GMT
The European plane maker announced another delay in deliveries of its A380 superjumbo, a report that came as no surprise to a market jaded by overambitious promises from manufacturers.

Cigarette Bill Treats Menthol With Leniency Tue, 13 May 2008 17:09:52 GMT
A ban of most flavored cigarettes would exempt menthol cigarettes, popular among African-Americans.

Bloomberg L.P. Fills Post, Suggesting Shift to News Tue, 13 May 2008 16:12:45 GMT
Norman Pearlstine, the former top editor of Time Inc. and The Wall Street Journal, was named to the new position of chief content officer of Bloomberg on Monday.

Nissan Plans Electric Car in U.S. by ’10 Tue, 13 May 2008 16:53:37 GMT
The commitment, announced Tuesday, will be the first by a major automaker to bring a zero-emission vehicle to the American market.

Many Hispanics Are Hit Hard by Economic Slump Tue, 13 May 2008 15:44:31 GMT
What had been a story of steady advances for Hispanics has given way to growing joblessness and lost homes.

Wachovia Faces S.E.C. Inquiry Over Auction-Rate Securities Tue, 13 May 2008 15:44:36 GMT
The bank said that it was cooperating with inquiries into underwriting and sales of the securities that had been started by the Securities Exchange Commission and several state regulators.

Clear Channel Sale Appears to Be Close Tue, 13 May 2008 15:41:40 GMT
After a year of trouble and courtroom battles, two private equity firms looking to buy Clear Channel were close to settling with the banks financing the deal.

Itineraries: Coping With the Tall Traveler’s Curse Tue, 13 May 2008 15:44:37 GMT
For the extra-tall business traveler, there are now some ways to find some relief, both in the air and on the ground.

HBO Shows May Sell on iTunes, for $1.99+ Tue, 13 May 2008 15:43:22 GMT
The higher pricing for some HBO shows is a departure for Apple which for years has insisted on standard pricing for digital downloads, at $1.99.

Cablevision Is Winner of Newsday Tue, 13 May 2008 15:42:38 GMT
The owners of The New York Post and The Daily News lost out to Cablevision in the battle for Newsday on Monday, but the tabloid war may be far from over.

For HSBC, Asia Offsets Loan Problems in the U. S. Tue, 13 May 2008 15:41:33 GMT
Europe’s biggest bank put aside $3.2 billion for bad loans in the United States in the first quarter, in line with its expectations.

Retiring Microsoft Official to Run Gates Foundation Tue, 13 May 2008 15:39:24 GMT
A Microsoft executive has been named the new chief executive of the largest foundation in the world, the Bill & Melinda Gates Foundation.

Sprint Nextel Posts Loss and Offers Gloomy Outlook Tue, 13 May 2008 15:42:57 GMT
The wireless carrier said that its lackluster performance would continue in the coming quarters as it fights to keep customers and struggles with a merger that has not lived up to its promise.

MBIA Posts Loss of $2.4 Billion in Quarter Tue, 13 May 2008 15:42:59 GMT
The bond insurer said on Monday that unrealized losses on insured derivatives skyrocketed in the first quarter, pushing the company into a sharp quarterly loss.

G.M. Plans to Close Canadian Transmission Plant Tue, 13 May 2008 15:42:36 GMT
News of the closing of the Windsor, Ontario, facility, which produces four-speed transmissions, comes as General Motors is shifting to more fuel efficient six-speed gearboxes.

An NBC Goodbye for Leno After ‘Tonight’? Tue, 13 May 2008 14:19:00 GMT
Ben Silverman, the co-chairman of NBC Entertainment, acknowledged that the changing late-night landscape at the network would probably mean that Jay Leno would leave it.

Advertising: ABC Fall Roster Is Heavy on the Already Proven Tue, 13 May 2008 15:44:33 GMT
Having lost four months of its development season to the writers’ strike, the network will, at least initially, rely heavily on fan favorites.

Losses at XM and Sirius as They Pursue a Merger Tue, 13 May 2008 16:13:50 GMT
Sirius Satellite Radio and XM Satellite Radio, the pay radio stations that are seeking to merge, both reported solid gains in subscribers on Monday although both also posted quarterly losses.

Negotiations Under Way to Ease Ground Zero Deal Tue, 13 May 2008 03:56:34 GMT
City and state officials have begun talks with Goldman Sachs in the hope of negotiating a new agreement that would avoid hefty penalties for delays in rebuilding at the World Trade Center site.

Hundreds Are Arrested in U.S. Sweep of Meat Plant Tue, 13 May 2008 15:39:05 GMT
In the biggest workplace immigration raid this year, federal agents swept into a kosher meat plant on Monday in Postville, Iowa, and arrested more than 300 workers.

Court Hears More Claims of Vaccine-Autism Link Tue, 13 May 2008 15:39:33 GMT
The United States Court of Federal Claims is considering whether the government should pay millions of dollars to the parents of some 4,800 autistic children.

Former Chief Tells Board That A.I.G. Is in ‘Crisis’ Tue, 13 May 2008 15:42:57 GMT
Maurice R. Greenberg, the former chief executive of the American International Group, also urged a delay in its annual general meeting, scheduled for Wednesday, in a letter to the board.

Stocks & Bonds: Oil Prices Slide, and Wall Street Cheers Tue, 13 May 2008 15:44:37 GMT
Wall Street rallied on Monday as oil prices fell, easing some investors’ concerns about accelerating inflation. The Dow Jones industrials gained more than 130 points.

IndyMac Posts Loss on Mortgage Troubles Tue, 13 May 2008 15:43:09 GMT
In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.

Italian Aerospace Company to Buy U.S. Technology Firm Tue, 13 May 2008 03:26:28 GMT
The Italian aerospace company Finmeccanica reached a $5.2 billion deal to buy DRS Technologies, securing a bigger presence in the growing United States military market.

A New Editor at the Forward Tue, 13 May 2008 15:42:38 GMT
Jane R. Eisner, former editorial page editor of The Philadelphia Inquirer, was nominated Monday to become editor of The Forward, the Jewish newsweekly.

Charter Lowers Quarterly Loss Tue, 13 May 2008 15:41:32 GMT
Charter Communications, the cable TV provider, said Monday it narrowed its first-quarter loss on a 13 percent increase in average revenue per user and a rise in subscribers.

A Flavoring Seen as a Means of Marketing to Blacks Tue, 13 May 2008 15:39:33 GMT
It is unclear how African-American preference for menthol cigarettes developed in the first place, but it seems the answer involves cultural and taste preferences as well as tobacco industry marketing.

Memo Pad Tue, 13 May 2008 15:44:24 GMT
News about the airlines.

On the Road: Hints That ‘Fare Sale’ May Be Heard Before Long Tue, 13 May 2008 15:43:10 GMT
Airlines have been able to raise prices in concert all year and still keep seats filled at record levels. But there are now early signs that the market may be rebelling.

Itineraries | Frequent Flier: If You Didn’t Play Gin Rummy, You Sat in the Co-Pilot Seat Tue, 13 May 2008 15:42:45 GMT
Back in the 1960s, one aspect of my P.R. job involved “making up a load” on the company plane, a twin-engine Beechcraft, used mostly to travel to our plant in Florida.

Dealbook: A Wish List for Fixing Wall Street Tue, 13 May 2008 15:43:04 GMT
For Kenneth C. Griffin, who runs one of the biggest and most successful hedge fund firms, the entire banking industry needs to overhaul its thinking, and perhaps accept greater regulation.

That Pundit on Fox News? An Upstart Named Rove Mon, 12 May 2008 18:44:09 GMT
The bête noire of Democrats has turned pundit, and his old nemeses do not always know what to make of it.

Craig (of the List) Looks Beyond the Web Mon, 12 May 2008 18:47:03 GMT
In the face of the expansion of the classified ads Web site Craigslist, its founder, Craig Newmark, is capitalizing on his success to promote causes he holds dear.

In the Age of TiVo and Web Video, What Is Prime Time? Mon, 12 May 2008 19:14:15 GMT
The missing six million viewers who were watching prime television last May and have disappeared this year are still watching, but on their own terms.

Advertising: Marketers Welcome Television’s Shift to a 52-Week Season Mon, 12 May 2008 04:50:01 GMT
The writers’ strike this TV season was only the catalyst of the change to upfront week, when networks offer springtime previews of prime-time programs for the coming fall.

It’s Official: Jimmy Fallon Is Next for ‘Late Night’ Tue, 13 May 2008 14:19:50 GMT
Jimmy Fallon, the former cast member of “Saturday Night Live,” is to be named the host of NBC’s “Late Night” talk show.

PBS Revives a Show That Shines a Light on Reading Mon, 12 May 2008 02:54:59 GMT
The 2009 version of “The Electric Company” is a weekly, more danceable version of its former daily self.

McCain’s TV Preferences Emerge: Office Farce, Not Soap Mon, 12 May 2008 03:46:27 GMT
Presidential candidates long ago learned the power of pop culture, but this year they seem to be leaning particularly hard on it.

Citi’s New Slogan Is Said to Be Second Choice Mon, 12 May 2008 03:50:55 GMT
Replacing a tagline that fizzled last year, Citigroup’s new slogan, “Citi Never sleeps”, had previously been scratched.

Planning a Web Site, Publisher Buys a Harvard Alumni Magazine Mon, 12 May 2008 05:02:14 GMT
Plans for 02138, a magazine for Harvard alumni, include expanding it into social networking and event sponsorship, and then duplicating the operation for each Ivy League school.

The United States Open Changes Its Cable Home Mon, 12 May 2008 05:14:33 GMT
ESPN and the Tennis Channel will start televising the United States Open starting next year through 2014.

Playboy Has a Losing Quarter, and Its Chief Talks of Media Transformation Mon, 12 May 2008 03:52:51 GMT
Playboy Enterprises reported that it had lost money in the first quarter of 2008, making it another casualty of the economic downturn and the squeeze between old media and new media.

Fox Business Refines Lineup in Daytime Mon, 12 May 2008 03:50:34 GMT
Changes to the lineup of the network, which was introduced in October, will affect almost every daytime hour.

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