Author Archive

News Corp. said it will sell a controlling stake in three Chinese television channels and a library of Chinese films to a government-backed fund, marking a reassessment of what has proven to be a challenging market.
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After stirring up competition in the coffee business, McDonald's is now making its mark in smoothies, irking at least one high-end purveyor of fruit juice concoctions.
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Barnes & Noble put itself on the block, succumbing to investor pressure as digital books erode its traditional business. The bookseller's chairman is weighing forming a group to buy the chain.
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Barnes & Noble put itself on the block, succumbing to investor pressure as digital books erode its traditional business. The bookseller's chairman is weighing forming a group to buy the chain.
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Robin Li, CEO of search engine Baidu, is looking to develop other revenue streams, including overseas and from ads on content pages created by Baidu or partners.
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MGM Resorts said its second-quarter loss broadened widely as the casino company posted a $1.12 billion write-down on its City Center resort.
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Saudi Arabia ordered a ban on BlackBerry services starting Friday, the move came hours after RIM executives hosted an event to unveil their newest smartphone, the Torch.
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CBS's profit soared on revenue gains and improved margins from cost cutting, in a positive sign for advertising markets.
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An investment bank in 2007 declined to endorse Sam Zell's buyout of Tribune Co., showing that doubts emerged early on a deal that would sour.
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J.W. Hulme, a Minnesota luggage maker that almost came unraveled during the credit crisis, is on the mend.
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