Neither President Bush nor his Wall Street guru Hank Paulson provided the elusive details of how their proposed mortgage rescue will actually play out in banks across the country. Even so, they won applause for boosting Bush's image as a savior of...
GERMAN media giant Bauer may be charting a course for a rebound from its rough year with a bid for London-based publisher Emap. Hearst says it has pulled out of the running to acquire the media group, which includes British titles such as Heat and...
Conrad Black, finally appearing to acknowledge he could end up doing hard time for looting money from investors in his newspaper company, said prison "would be a bore." The former press baron is slated to be sentenced on Monday in a Chicago...
JetBlue mail JetBlue Airways will begin offering free in- flight e-mail and in stant-message service next week through a partnership with Yahoo! Inc. and Re search In Motion Ltd.Goldman, Citi Goldman Sachs and Citigroup had their 2008 earnings...
Chrysalis Group, a British independent music company long coveted by a number of the major labels including Warner Music Group, has officially put itself up for sale with the hopes of raising as much as $300 million, sources familiar with the...
The collapse of an asset-backed bond pool yesterday is the most stark reminder yet of the growing cost of the subprime meltdown. Adams Square I, a $488-million collateralized debt obligation - essentially a bond made up of slices of other bonds -...
William McGuire, tossed as CEO of UnitedHealth amid an uproar over his outsized pay package, is being forced to hand back more than $400 million in a settlement. McGuire will forfeit stock options valued at about $320 million, $91 million in...
Schools and towns in a Florida fund that lost almost half its assets to withdrawals last month pulled out another $1.2 billion yesterday when the state lifted a freeze on their accounts, officials said...
If you just put aside their losing ways, the New York Knicks have a lot in common with their baseball brethren in the Bronx, the Yankees, according to Forbes' annual ranking of the NBA's most valuable franchises. The Knicks, like the Bronx Bombers...
The strength of the downtown office market was vividly demonstrated yesterday as powerhouse law firm Cleary Gottlieb inked a deal to expand by 100,000 square feet at One Liberty Plaza. The lawfirm just signed a 20-year lease for 550,000...
Wal-Mart Stores Inc. and Costco Wholesale Corp. reported November sales that topped analysts' estimates, while Target Corp. and J.C. Penney Co. trailed forecasts in what may be the slowest holiday shopping season in five years. Wal-Mart, the...
Motorola Inc., the largest U.S. maker of mobile phones, expects to meet profit targets this quarter after cutting jobs and introducing updated versions of the Razr and Q handsets. Profit will amount to 12 cents to 14 cents a share, Chief Financial...
The owners of hipster music Web site Stereogum, which include former AOL executive Bob Pittman, former MTV digital guru Jason Hirschhorn and founder Scott Lapatine, have signed a deal to flip their equity stakes in the company to BuzzNet.com, The...
Even a quick Christmas fix aimed at cooling down the foreclosure crisis won't help the housing industry's deeper ills for years to come, experts say. A barrage of grim reports yesterday raised fears of an unprecedented wipeout of home prices over...
