Tribune Co.'s $8.2 billion buyout backed by real estate mogul Sam Zell got a step closer to getting done after the Chicago media conglomerate posted better-than-expected quarterly results. Profit fell 7 percent, a smaller drop than analysts were...
On second thought, investors aren't quite so bullish on Amazon.com's third-quarter results after all. Despite quadrupling profits and reporting a 41 percent jump in revenue on Tuesday, analysts' concerns over the company's future growth sparked an...
Marts recover After a seesaw session, the Dow Jones industrial average ended down just 0.98 of a point at 13,675.25. The Standard & Poor's 500 index was down 3.71 points at 1,515.88. The Nasdaq composite index was down 24.50 points at 2,774.76. At...
Sallie Mae and New York billionaire J. Christopher Flowers have come to an agreement that allows the student loan provider to continue operating without oversight from Flowers while they battle in court over their collapsed $25 billion takeover...
Countrywide Financial Corp., the biggest U.S. mortgage lender, said former U.S. Housing and Urban Development Secretary Henry Cisneros resigned as a director to focus on CityView, a homebuilder financing company he leads. Cisneros, 60, expressed...
Goldman Sachs promoted a record 299 people to managing director, the company's second-highest rank after partner. Managing directors are appointed annually, while partners are named every other year. The promotions take effect on Dec. 1, the start...
The breathtaking third-quarter loss that Merrill Lynch reported yesterday due to its problematic portfolio of loans and securities isn't likely to be the final chapter in what is proving to be a painful autumn for both the Wall Street giant and its...
The Red Hot Chili Peppers once sang, "Walk away and taste the pain," and for Cablevision shareholders the lyric could not be more appropriate. After the founding Dolan family's stinging defeat yesterday in its fourth bid to take the cable company...
High-level merger talkNs are underway between American Media Inc. and Ron Burkle's Source Interlink Cos. and the two sides could be close to inking a deal, sources told The Post. According to a person with knowledge of the talks, Burkle and...
CHARLOTTE, N.C. - Bank of America Corp. said yesterday it will eliminate 3,000 jobs, an announcement that came less than a week after the nation's second-largest bank reported a huge drop in earnings for the third quarter. The cuts will affect...
I wonder who Ben Ber nanke is talking with this week? Ben is apparently a very sociable sort of guy and he doesn't seem reluctant to hold meetings and phone conversations just because the Federal Reserve he chairs is about to make a major...
Merrill Lynch's dismal earnings report yesterday fueled speculation across Wall Street about possible replacements for battered Stanley O'Neal. Mother Merrill has typically pulled people from inside its own ranks, but recent turmoil and departures...
In agreeing to invest $240 million in Facebook, Microsoft did something yesterday it hasn't done in some time: Beat Google. As The Post first reported, Microsoft and Google went right down to the wire in their battle to secure a stake in Mark...
YOU can take Lee Brian Schrager out of New York, but you can't take New York out of Schrager. The founder of the Food Network's extraordinarily popular South Beach Wine & Food Festival is cooking up a local culinary extravaganza, the New York City...
