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Written by Hamza
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Mon, 12 May 2008 13:57:35 GMT
NEW YORK (AP) -- Cablevision Systems Corp. is buying the Long Island-based newspaper Newsday from Tribune Co. in a deal valued at 0 million, the companies announced Monday....
Mon, 12 May 2008 14:31:14 GMT
NEW YORK (AP) -- Wall Street fluctuated in a narrow range Monday, giving up a modest early advance as oil prices ticked lower and the dollar rose....
Mon, 12 May 2008 14:05:13 GMT
KANSAS CITY, Mo. (AP) -- Wireless carrier Sprint Nextel Corp. said Monday it had a larger first-quarter deficit as revenue fell, it lost more than a million subscribers and it absorbed charges for severance and other costs....
Mon, 12 May 2008 13:38:46 GMT
LOS ANGELES (AP) -- IndyMac Bancorp Inc. said Monday it swung to a loss in the first quarter as deteriorating credit markets forced the mortgage lender to lower the value of mortgage-backed securities, and warned it would not post a profitable quarter in 2008....
Mon, 12 May 2008 13:34:09 GMT
NEW YORK (AP) -- MBIA Inc. swung to a file=ap.php.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs....
Mon, 12 May 2008 11:10:09 GMT
SHANGHAI, China (AP) -- A blood thinner manufactured in China and linked to dozens of deaths in the United States is now safe because of tighter testing and controls, a top American health official said Monday, while warning that all U.S. imports would face closer scrutiny in the future....
Mon, 12 May 2008 13:41:11 GMT
LONDON (AP) -- Oil prices retreated Monday from last week's record close near 6 a barrel as the dollar strengthened against the euro and yen....
Mon, 12 May 2008 11:38:50 GMT
SYDNEY, Australia (AP) -- Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a billion takeover offer that could lead to the biggest shakeup of Australia's banking sector in years....
Mon, 12 May 2008 09:57:32 GMT
TOKYO (AP) -- A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic slowdown....
Mon, 12 May 2008 12:57:49 GMT
BEIJING (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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