Archive for November, 2009
GE, Vivendi near NBC Universal deal - reports
General Electric is close to clearing a major hurdle in its path to sell control of entertainment giant NBC Universal to Comcast, according to published reports Monday.
Treasury tightens screws on mortgage firms
Looking to jumpstart its foreclosure prevention plan, the Obama administration announced new steps Monday to pressure loan servicers to help homeowners long term.
AIG shares tumble 15%
Shares of AIG plunged nearly 15% Monday after an analyst hacked the insurance giant’ price target 40% in a research note on worries about the company’s loss reserves.
Bank shares boost market
A rally in bank shares helped take Wall Street higher Monday, at the end of a choppy session, as investors bet that the fallout from Dubai’s debt problems won’t have a major impact on U.S. institutions.
Tiger Woods’ sponsors stand by their man
The sponsors that have made Tiger Woods the richest athlete in the world are sticking with the golfing great, despite rumors swirling around his early-morning car crash on Friday.
‘12 days of Christmas’ get pricier
Christmas will be only modestly more expensive this year, according to a study out Monday, as prices for everything from partridges to pear trees declined in the weak economy.
Cyber Monday shoppers: 4 million per minute
Not satisfied with your holiday weekend shopping? Don’t worry, it’s Cyber Monday.
Next Little Thing 2010
It’s 8 a.m. in a San Diego hotel ballroom, and the annual DEMOfall conference is under way. VCs and journalists stifle yawns and peck at laptops. After a morning of scripted pitches by startups that promise to “integrate smartphone remote mobile applications” or “monetize social networks by enabling live social interaction around content,” the coffee break can’t come soon enough.
Armor to guard $50,000 dogs
It’s a tough world for man’s best friend. Patrol dogs dodge bullets every day at home and risk their lives sniffing out trouble in Iraq and Afghanistan.
Dubai shares plummet 7%
Stocks in Dubai plunged more than 7% Monday, the first day of trading after the Persian Gulf state’s debt problems roiled financial markets around the world.
