Weather Channel sale could come in 2 days: sources
NEW YORK (Reuters) - Landmark Communications could announce the sale of the Weather Channel to a group made up of NBC Universal, Blackstone Group LP and Bain Capital in the next day or two, sources briefed on the matter said.
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Weather Channel sale could come in 2 days: sources
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L.A. Times to cut 250 jobs, 150 in editorial
LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.
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Ex-hedge fund manager surrenders, sent to New York
SPRINGFIELD, Massachusetts (Reuters) - Fugitive former hedge fund manager Samuel Israel III drove a motor scooter to a Massachusetts police station on Wednesday and surrendered, ending a nationwide manhunt after he staged his own suicide to avoid a 20-year prison sentence.
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Mattel had morale, creative issues before Bratz: CEO
RIVERSIDE, California (Reuters) - Mattel Inc Chief Executive Bob Eckert believed morale was at an all-time low and the stock price “wasn’t far behind” when he joined the company in mid-2000, a year before rival MGA Entertainment Inc launched the Bratz doll, he testified on Wednesday in a trial to decide which company owns […]
Dow enters bear market as stocks slide
NEW YORK (Reuters) - The Dow sank into a bear market on Wednesday as U.S. stocks fell on growing concerns about the toll that record oil prices are taking on the economy and corporate profits.
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Dow’s bear market run spells trouble for Wall St.
NEW YORK (Reuters) - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis.
Dow’s bear market run spells trouble for Wall St.
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AMR cutting jobs to offset fuel prices
CHICAGO (Reuters) - AMR Corp , parent of American Airlines, will reduce its employee headcount by about 8 percent as it cuts capacity to offset record-high fuel prices, the company said in an internal memo on Wednesday.
Originally posted here: AMR cutting jobs to offset fuel prices
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Microsoft mulls media options, no new talks: source
SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp has had no new negotiations on deals involving Yahoo Inc, but preliminary talks with media companies continue, a source familiar with the software giant’s thinking said on Wednesday.
Read more here: Microsoft mulls media options, no new talks: source
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Lehman to pay employees more in stock
NEW YORK (Reuters) - Lehman Brothers Holdings Inc is paying more of employees’ compensation in stock this year, the company said in a memo sent to employees on Wednesday.
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TNK-BP CEO and execs get permits to stay in Russia
MOSCOW (Reuters) - Russia will renew work permits and visas for the chief executive and managers of BP’s oil venture TNK-BP , easing fears of an exodus of foreign staff caught up in a bitter corporate dispute.
Continued here: TNK-BP CEO and execs get permits to stay in Russia
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M&S says downturn to last longer
LONDON (Reuters) - Marks and Spencer issued a shock profit warning and said the consumer downturn was likely to be deeper and last longer than previously expected, sending its shares plunging 25 percent to a near seven-year low.
M&S says downturn to last longer
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FTSE down as miners and M&S fall
LONDON (Reuters) - The top share index shed 1 percent on Wednesday, extending the previous session’s sharp losses as miners fell on weaker coal prices and Marks & Spencer slumped after a profit warning, though drugmakers rose.
Excerpted from:FTSE down as miners and M&S fall
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Bean says economy facing most challenging time since 1990s
LONDON (Reuters) - The economy is facing its most challenging time since the early 1990s or even earlier as policymakers are grappling with two conflicting risks, Bank of England Deputy Governor Charlie Bean said on Wednesday.
Excerpt from:Bean says economy facing most challenging time since 1990s
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Taylor Wimpey unable to raise cash, shares slump
LONDON (Reuters) - British housebuilder Taylor Wimpey has failed to raise the extra capital it said it would seek just two days ago, citing tough market conditions, sending its shares and those of its rivals plummeting.
Source:Taylor Wimpey unable to raise cash, shares slump
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Sony’s U.S. gadget demand good despite rising costs
SAN FRANCISCO (Reuters) - Sony Corp is seeing little or no sign of softer demand among U.S. consumers for its range of digital TVs, cameras and computer goods despite a weakening economy, a top regional executive said on Tuesday.
Excerpted from:Sony’s U.S. gadget demand good despite rising costs
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