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| Financial News from CNN Money |
Supreme court upholds apartheid-era lawsuit
The Supreme Court - apparently handcuffed by possible conflicts of interest - has allowed a multibillion-dollar federal lawsuit from South African blacks and others to proceed. The suit claims U.S. and foreign companies should be held liable for helping the former white-led apartheid government.
Get ready for more bank failures
Bear Stearns may have been deemed to big to fail. But ANB Financial, a small bank in Arkansas, wasn't. And we might need to brace for even more bank shutdowns.
Wal-mart to serve fried chicken
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XM adds 'subs' but losses widen
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Setting the budget for your Web site
Dear FSB: We are in the market to have a Web site built. We are currently gathering proposals, but they range wildly, from $19,500 to $1,800. Help! What is the price range for a typical Web site construction in Maryland?
Stocks rise as oil dips
Stocks rallied Monday morning as investors welcomed falling crude oil prices and some upbeat corporate news from Research in Motion and Sprint.
Nip/tuck in Budapest
Randy Simor's entrepreneurial savvy was severely tested when police and anti-government protesters in Budapest skirmished during celebrations commemorating the 50th anniversary of the 1956 Hungarian uprising against the Soviet Union. As the CEO of Meditours Hungary, a Budapest-based business offering Americans and Europeans access to Hungarian medical care, he had five clients in the city that day.
Cablevision buys Newsday for $650M
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Apple and Eve
In Pixar Films' upcoming animation epic, "Wall-E," the title character is a cute but clunky robot whose centuries of solitude on an abandoned Earth is broken by the arrival of a svelte, futuristic robot named Eve - who is so white, gleaming, and well, pod-like, that she looks like she was born in Apple's design room. It turns out that she was - sort of: Eve marks the first design collaboration within Steve Jobs' culture-shaping Apple-Pixar-Disney axis. (Jobs sold Pixar to Disney and is Disney's largest shareholder as well as the CEO of Apple.)
IndyMac swings to quarterly loss
Read full story for latest details.
Sprint Nextel loss widens
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Sovereign Bancorp to sell $1B in shares
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HSBC's first-quarter profits up
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Stamp prices increase
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Stocks set for early gains
Stock futures rose early Monday as investors looked for bargains after the previous session's brutal selloff and crude prices retreated from record levels.
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| Financial News from Reuters |
Cablevision and Tribune seal Newsday deal
NEW YORK (Reuters) - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp withdrew its bid.
Sprint's loss widens on lost subscribers
NEW YORK (Reuters) - Sprint Nextel Corp on Monday reported a wider quarterly loss amid steep customer defections and it forecast only marginal improvements in the current quarter.
Stocks advance with financial companies
NEW YORK (Reuters) - Stocks advanced on Monday as financial shares added to gains after bond insurer MBIA said quarterly revenue dropped less than it reported initially.
Clear Channel trial delayed till Tuesday
NEW YORK (Reuters) - The scheduled start on Monday of a trial over financing for the $20 billion buyout of Clear Channel Communications has been delayed until Tuesday.
MBIA posts loss on subprime exposure
NEW YORK (Reuters) - MBIA Inc , the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.
IndyMac loss steeper than expected, shares fall
NEW YORK (Reuters) - IndyMac Bancorp Inc , one of the largest independent U.S. mortgage lenders, posted a first-quarter loss on Monday as it wrote down bad mortgages and grappled with the cost of cutting jobs and closing offices.
RIM's BlackBerry Bold aims at business users
TORONTO (Reuters) - Research In Motion Ltd is launching a new high-end version of the BlackBerry aimed at its core base of business users, but it hopes the sleek device will also catch on in the broad retail market.
Oil drop deepens as dollar gains
LONDON (Reuters) - Oil fell $2 to near $124 a barrel on Monday, as a stronger U.S. dollar and profit-taking put the brakes on a rally that took it to record peaks last week.
ILFC considering split-up from insurer AIG: report
NEW YORK (Reuters) - International Lease Finance Corp, a unit of American International Group , is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter.
AnnTaylor shares jump on raised forecast
NEW YORK (Reuters) - AnnTaylor Stores Corp raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retailer up 11.5 percent.
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| Financial News from Market Watch |
London Markets: HSBC Holdings, oil producers help London stocks close higher
U.K. shares advanced on Monday, boosted by a strong performance in the mining and oil and gas sectors and by a well-received update from banking giant HSBC Holdings.
7.8-magnitude quake in China's Sichuan kills thousands
An earthquake measuring 7.8 on the Richter scale hit China?s southwest Sichuan province Monday afternoon, killing up to 5,000 people, according to Chinese news reports.
Market Snapshot: U.S. stocks pull solidly higher as oil retreats from highs
U.S. stocks step firmly higher, with investors heartened by gains in the dollar and as oil retreats from record highs, helping offset a profit warning from FedEx Corp.
Election Notebook: Clinton holds huge lead in West Virginia, poll shows
Hillary Clinton holds a huge lead over Barack Obama in West Virginia, where Democrats go to the polls on Tuesday, though Obama has pulled ahead in the race for superdelegates.
April PPI jump highlights Bank of England's dilemma
Bank of England policymakers could hardly have asked for better evidence of the dilemma that confronts them.
AnnTaylor raises forecast, abandons new concept; shares jump
AnnTaylor Stores Corp.?s first quarter profit will exceed previous forecast because of stronger results at its Loft apparel chain as well as better expense and inventory control.
Sprint loses more money, customers
WASHINGTON (MarketWatch) -- Sprint Nextel Corp. on Monday said it lost more than 1 million of its most profitable customers in the first three months of 2008 as the company's net loss widened in the most recent quarter.
Metals Stocks: Gold futures fall, pressured by dollar gains
Gold futures sink toward $880 an ounce, pressured by strength in the dollar and by declining crude-oil prices.
HSBC's profit rises; Asia, Mideast growth outweighs charges
HSBC Holdings' first-quarter profit comes in ahead of the banking giant's year-ago performance as higher profits in Asia, the Middle East and Latin America help offset rising U.S. bad-debt charges, among other factors.
Currencies: Dollar gains on report of U.S. Treasury intervention
Dollar gets a lift from report that the Treasury plans to talk up the the greenback.
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