News 2008-05-19 Andanh.com

Economic Tide Is Rising for Repo Man Tue, 20 May 2008 01:55:31 GMT
The recreational boating industry has faltered amid the housing slump, leading to a boom in repossessions.

Senate Leaders Agree on Housing Aid Tue, 20 May 2008 01:29:45 GMT
Party leaders said they had reached an agreement on proposed legislation, but details were sketchy.

Court Upholds Tax Exemptions for Municipal Bonds Tue, 20 May 2008 01:25:31 GMT
A longstanding practice by many states to tax the interest on out-of-state municipal bonds, but not the interest on their own, is not a case of unfair protectionism, the Supreme Court ruled on Monday.

Buffett’s Shopping Trip to Europe Draws a Crowd Tue, 20 May 2008 01:25:32 GMT
Undaunted by the dramatic decline of the dollar against the euro, Warren Buffett began a four-country tour of Europe, with a view toward buying family-owned companies.

Former AOL Executives Sued in Ad-Revenue Case Tue, 20 May 2008 01:25:29 GMT
The S.E.C. filed fraud charges against eight former AOL executives over an accounting procedure that caused the company to overstate its advertising revenue by more than $1 billion.

Google Makes Health Service Publicly Available Tue, 20 May 2008 00:50:19 GMT
The Sunnyvale, Calif.-based Web search leader announced the public launch of Google Health, which lets users import records from a variety of care providers and pharmacies.

Owner of Bill Blass Faces Cash Shortage After Acquisition Tue, 20 May 2008 01:29:38 GMT
The fast-growing buyout firm that owns Bill Blass, Athlete’s Foot and Maggie Moo’s appeared to be on the verge of financial collapse on Monday.

Index Implies Slowdown May Prove a Short One Tue, 20 May 2008 01:29:38 GMT
The index of leading economic indicators rose in April for a second month, the first back-to-back gain since October 2006, suggesting that the current slowdown will be short-lived.

Pursuing Yahoo, Microsoft Shows Need for Web Franchise Mon, 19 May 2008 23:30:39 GMT
Fighting Google, Microsoft has approached Yahoo with a narrower aim: a collaboration on Internet advertising.

Banks’ Terms Imperil Deal to Buy Out Bell Canada Mon, 19 May 2008 16:17:29 GMT
The $51.8 billion takeover of Bell Canada, the largest leveraged buyout ever proposed, is the latest buyout to run into trouble since the credit market began tightening.

Words of Caution Deflate Optimism Tue, 20 May 2008 01:07:30 GMT
Stocks ended mixed Monday after weakness in the technology sector punctured some of the market’s enthusiasm over a report that suggested the economy could still be growing.

Lowe’s Posts Lower Profit and Cuts Forecast Mon, 19 May 2008 21:00:28 GMT
The home improvement retailer reported a 17.9 percent drop in first-quarter earnings and lowered its guidance for the year as the slumping housing market and softer economy hurt sales.

Bits: Apple Looking for More Mobile Music Mon, 19 May 2008 22:08:15 GMT
Apple is seeking new deals from the music labels to add ringtones and other offerings to the iPhone.

The True Story of a Script, Big Dreams and Vanishing Private Equity Mon, 19 May 2008 18:32:45 GMT
A would-be filmmaker is left in the lurch by nervous lenders, and his tale is becoming a common one as private money has become harder to obtain in Hollywood.

Online Search Ads Faring Better Than Expensive Displays Mon, 19 May 2008 21:43:17 GMT
While search advertising remains strong, there are signs that the growth in online advertising — particularly in more elaborate display ads — is slowing.

Guessing the Online Customer’s Next Want Mon, 19 May 2008 04:29:39 GMT
Retailers are turning to data mining software to find links between customers’ interests and their online buying behavior.

Campbell Profit Up on Godiva Sale Mon, 19 May 2008 21:00:29 GMT
Declining soup sales and higher prices for ingredients contributed to a difficult quarter for Campbell Soup, though a gain on the sale of its Godiva Chocolatier brand sweetened its bottom line.

At Sci Fi Channel, the Universe Is Expanding and the Future Is Now Mon, 19 May 2008 04:18:40 GMT
To expand its audience, the channel is stretching the definition of science fiction to include superheroes, Indiana Jones and even the baseball film “Field of Dreams.”

Another Beltway Institution Seeks New Leader Mon, 19 May 2008 04:26:50 GMT
Not only does the White House expect a new leader by next year, but so does The Washington Post.

Al Jazeera English Tries to Extend Its Reach Mon, 19 May 2008 18:52:45 GMT
The English-language offshoot of the Arabic news network is pushing to become available to American viewers.

Advertising: U.S. Television Taps More Imported Series Mon, 19 May 2008 04:30:57 GMT
One broadcasting trend being noticed by executives at media agencies is a growing reliance on series concepts from abroad.

Lehrer Says ‘News Hour’ Money Woes Are Worst Ever Mon, 19 May 2008 04:28:04 GMT
The financial squeeze was precipitated last summer when Archer Daniels Midland ended its 14-year sponsorship of the program.

After Forays With ABC and HBO, a Video Blogger Returns to Video Blogging Mon, 19 May 2008 16:41:32 GMT
Feeling a little burned by big media, Amanda Congdon, the former host of “Rocketboom,” has returned to online blogging, hosting and producing on “Sometimes Daily.”

Does ‘Do the Right Drugs’ Give Readers the Wrong Idea? Mon, 19 May 2008 04:33:08 GMT
The magazine’s “12 Ways to Super-Charge Your Brain” lays out the pros and cons of eight drug — some legal, some not.

For This Year, Emmy Drama Is Over Money Mon, 19 May 2008 04:30:07 GMT
Studios spark a tussle over spending on so-called screeners of Emmy nominee submissions by providing material on password-protected Web sites.

Media Talk: Web Game With a Message Debunks H.I.V. Myths Mon, 19 May 2008 19:14:33 GMT
Following the model of the Hot or Not Web site, Pos or Not uses a lighthearted tactic to serve a serious purpose.

Media Talk: Urban Baby’s Lesson: Don’t Mess With Mom’s Chat Mon, 19 May 2008 04:28:34 GMT
The site’s devoted fan base sent in a flurry of complaints about its new color scheme, message board system, and new default settings, but the fans are still logging on.

Drilling Down: IPhone’s Hold on Users Not Exclusive Mon, 19 May 2008 04:25:17 GMT
Nearly half of iPhone users changed carriers in order to use the device, according to a survey.

HSBC to Buy Majority of Indian Firm Mon, 19 May 2008 04:22:53 GMT
The British banking company said it planned to buy 73.2 percent of IL&FS Investsmart, an Indian brokerage firm, for 10.03 billion rupees ($235 million).

Looking Ahead: This Week’s Major Economic Reports Mon, 19 May 2008 04:27:29 GMT
Highlights of the week’s reports include the Conference Board’s leading economic indicators, the Producer Price Index for April and existing home sales for April.

Treasury Auctions Set for This Week Mon, 19 May 2008 04:22:38 GMT
The week ahead in bond auctions.

For an All-Organic Formula, Baby, That’s Sweet Mon, 19 May 2008 06:06:07 GMT
A popular organic infant formula is sweetened with cane sugar, which babies may prefer but pediatricians do not.

Dealbook: Poor Odds, but Bet on Icahn Tue, 20 May 2008 01:52:39 GMT
Carl Icahn, the corporate raider turned activist investor, is gambling to bring Microsoft back to the bargaining table and buy Yahoo.

McCain Cameo in ‘SNL’ Finale Mon, 19 May 2008 03:34:53 GMT
“Saturday Night Live,” which included two cameo appearances by John McCain, drew one of its highest ratings of the season Saturday.

The Media Equation: Geeks Crash a House of Fashion Mon, 19 May 2008 01:08:20 GMT
Condé Nast Publications, like other big media companies, is making acquisitions, but with a different strategy: to find impresarios, remain patient and build vital brands.

Staples Begins Hostile Bid for Corporate Express Mon, 19 May 2008 21:26:37 +0000
Staples, the American office supplier, on Monday began a hostile 1.5 billion euro ($2.34 billion) bid for Corporate Express because the Dutch office supplier was unwilling to negotiate. Staples said in a statement that Corporate Express shareholders could tender their shares as of Tuesday until June 27, subject to a possible extension. Corporate Express repeated in a [...]

JPMorgan Hires Ex-F.A.A. Head for Infrastructure Team Mon, 19 May 2008 21:19:34 +0000
JPMorgan Chase has hired Jane Garvey, a former head of the Federal Aviation Administration, as its new head of transportation infrastructure investment practice, the bank said Monday in an internal memorandum obtained by DealBook. It marks only the latest high-profile hire amid sharply climbing interest in infrastructure investing, which involves toll roads, airports and the like. [...]

After the Deluge: A Good Time to Buy? Mon, 19 May 2008 20:19:09 +0000
Ever since the end of the buyout boom last summer, many pundits and financial players argued that the mergers and acquisitions game didn’t have to end. Strategic players could step into the void, buoyed by their voluminous cash holdings and unhindered by competing private equity firms. Now a new study, conducted by the consulting firm Towers [...]

Investors Offer $12.8 Billion to Run Penn. Turnpike Mon, 19 May 2008 17:51:40 +0000
A consortium led by Citigroup and Spain’s Abertis Infraestructuras won the bidding war to run the Pennsylvania Turnpike with a $12.8 billion offer, Gov. Edward Rendell said on Monday. The group, which includes Australia’s Babcock & Brown, beat out a rival group that includes Goldman Sachs and Transurban Group. The deal is the largest ever privatization [...]

No Holiday for Shares of Bell Canada Mon, 19 May 2008 17:18:04 +0000
Today is Victoria Day in Canada, which marks the unofficial start of that country’s vacation season. But Monday was anything but a day at the beach for the bankers involved in the troubled, $51.8 billion buyout of BCE, the parent of Bell Canada. The New York Times reported Monday that the transaction — the largest [...]

What Does Microsoft Want? Mon, 19 May 2008 16:28:53 +0000
Microsoft’s latest overture to Yahoo has raised a lot of questions about what exactly it wants from the new round of negotiations. What we do know for sure from the statement it issued Sunday is that Microsoft isn’t currently pursuing an acquisition of all of Yahoo. That leaves all kinds of other possibilities, including joint [...]

MicroHoo: A Half-Time Report Mon, 19 May 2008 14:31:16 +0000
Now that Microsoft has resumed its amorous pursuit of Yahoo — ostensibly seeking less than a full takeover deal this time — it could be a good time to review some of the steps taken in the contest and our thinking throughout: 1. At the time of Microsoft’s surprise “bear hug” letter to Yahoo, we noted [...]

Lazard Hires 2 to Lead Aerospace and Defense Team Mon, 19 May 2008 13:55:15 +0000
Lazard, the investment bank run by Bruce Wasserstein, said Monday that it has hired two new co-heads of its aerospace and defense banking team from Jefferies. Michael J. Richter and William F. Farmer will join Lazard as managing directors on July 9. Mr. Richter will be based in Los Angeles and Mr. Farmer in Washington. They [...]

Microsoft Renews Pursuit of Yahoo Mon, 19 May 2008 12:45:07 +0000
Two weeks after walking away from takeover talks with Yahoo, Microsoft made clear on Sunday that it still needed to create an Internet powerhouse that could rival Google — and that its interest in Yahoo had not waned. Microsoft said on Sunday that it had approached Yahoo, this time with an ostensibly narrower aim: a collaboration [...]

Michael Rossman, Who Fought for Campus Rights, Dies at 68 Mon, 19 May 2008 08:17:17 GMT
Mr. Rossman, an organizer of the Free Speech Movement at the University of California, Berkeley, was later known for his books on politics, society and education.

Climbing for the Challenge, and for Cancer Awareness Sat, 17 May 2008 19:18:32 GMT
Even if Kevin Mahoney does not reach the summit of an unclimbed mountain in Alaska, he will still achieve his goal: helping raise awareness about cancer, which recently claimed the life of his mother.

Aftershock Alert Spreads Panic in Chinese City Tue, 20 May 2008 01:40:36 GMT
Thousands of people tried to evacuate the Sichuan provincial capital after a televised warning of a possible severe aftershock.

In Rubble, Couple Clung to Each Other, and to Life Mon, 19 May 2008 15:10:51 GMT
A tale of survival in China is also a tale of a rekindled love for two people who might have died had they been trapped alone.

Myanmar Agrees to Allow Aid Efforts by Neighbors Tue, 20 May 2008 01:50:26 GMT
Bending to international pressure, Myanmar will let its neighbors in Southeast Asia help coordinate relief.

Anti-Immigrant Violence in S. Africa Tue, 20 May 2008 01:50:26 GMT
The violence continued to rage on Monday, as police fired rubber bullets and made arrests to try to quell the violence in and around Johannesburg.

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