Breaking News » Business

Report: Time Warner Considering Bid For MGM

admin — Fri, 19 Mar 2010 13:49:56 +0000

“Time Warner Inc. is considering a bid of $1.2 billion to $1.5 billion for the Metro-Goldwyn-Mayer Inc. film studio, according to two people with knowledge of the discussions, as second-round offers come due tomorrow.” [Link]

Nexus One Sales A “Flop”?

admin — Tue, 16 Mar 2010 14:08:43 +0000

“This just in from mobile analytics company Flurry: Nexus One sales are still flopping. After 74 days on the market, Flurry estimates that Google has sold 135,000 Nexus Ones. In its first 74 days on the market, the Droid sold 1.05 million units. In the iPhone’s first 74 days on the market, it sold 1 million units. For further context, the iPad just went on sale in an online-only mode and sold an estimated 152,000 units in three days.” [Link]

Phillips-Van Heusen Buying Tommy Hilfiger $3 Billion

admin — Mon, 15 Mar 2010 14:27:02 +0000

“Clothing maker Phillips-Van Heusen Corp. said Monday it has agreed to buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world’s biggest clothing companies.” [Link]

Google “99.9 Percent” Likely To Pull Out Of China

admin — Mon, 15 Mar 2010 14:24:46 +0000

“Talks with China over censorship have reached an apparent impasse and Google, the world’s largest search engine, is now ‘99.9 percent’ certain to shut its Chinese search engine, the Financial Times said on Saturday.” [Link]

Skype Could Have Huge IPO

admin — Mon, 15 Mar 2010 08:48:39 +0000

“Skype looks to be Silicon Valley’s best hope for a blockbuster initial stock offering in 2010, Breakingviews says. With Facebook apparently determined to stay private until next year, Skype is in prime position to steal the scene with a quick flip, The publication argues.” [Link]

Skype For Dummies

Prius Brakes Blamed In NY Crash

admin — Wed, 10 Mar 2010 13:58:27 +0000

“In another blow to Toyota, a suburban New York woman driving a 2005 Prius flew out of her driveway across a busy street and smashed into a stone wall. A stuck accelerator pedal is suspected, police said. The 56-year-old woman, who was not identified, suffered non-life-threatening injuries in the crash Tuesday in Harrison, N.Y.” [Link]

Bank Of America Ending Overdraft Fees On Debit Purchases

admin — Wed, 10 Mar 2010 03:53:48 +0000

“Bank officials said that effective this summer, customers who try to make purchases with their debit cards without enough money in their checking accounts will simply be declined. Debit purchases account for roughly 60 percent of overdrafts at Bank of America, the nation’s largest issuer of debit cards.” [Link]

Sex.com Up For Sale Again

admin — Wed, 10 Mar 2010 00:11:59 +0000

“Sex.com, one of the most valuable Internet domain names, will go up for auction next week after the previous owner defaulted on its debts. Escom LLC paid a reported $14 million for the Web site in 2006. But the company failed to repay debt owed to DOM Partners LLC, the New Jersey-based lender that helped finance the deal.” [Link]

Goldman Sachs Cuts Nexus One Sales Forecast

admin — Tue, 09 Mar 2010 16:08:32 +0000

“Investment banking and securities firm Goldman Sachs is more or less giving up on Google’s Nexus One. A note Goldman Sachs published this week indicates that it’s cut its 2010 sales forecast by a whopping 71.4 percent. As reported by the Wall Street Journal, the note stated, “We previously estimated that Google might sell 3.5 mn Nexus One units in 2010.” Now, after seeing some data from Flurry, “We forecast that Google sells 1.0 mn Nexus One units in FY2010 . . .”" Link

McDonald’s Sales Jump 4.8%

admin — Mon, 08 Mar 2010 15:54:09 +0000

“The McDonald’s Corporation, the fast-food chain, said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth and a small rise in United States sales.” [Link]