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Written by Hamza   

Cablevision buys Newsday from Tribune for 0M

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....

Stocks fluctuate as oil falls, dollar advances

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....

Sprint Nextel 1Q deficit widens on charges, customer exodus

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....

IndyMac Bancorp swings to 1st-qtr loss, sees 2008 loss

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....

MBIA slides to huge 1Q loss on hefty charges

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....

US health secretary: Chinese Heparin shipped to US now safe

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....

Oil prices retreat from last week's record high

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....

Australia's Westpac offers B for bank rival St. George

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....

Toyota says new US auto plant delayed

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....

China's April inflation near decade-high levels

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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