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The traditional network TV business was supposed to have begun a sharp decline years ago, killed by the Internet and online video. CBS (NYSE: CBS) proved that is hardly true. Its net income doubled...
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Fitch and Moody’s kept the U.S. rating at Aaa (Reuters) Years of slow growth and aging populations in the West could hasten the rise of BRIC economies (Reuters) Google+ (NASDAQ: GOOG) and the Apple...
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There has been enough good news about News Corp in the last two days that the stock appears headed back to the level where it traded before the phone hacking scandal caused it to sell-off. The two...
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Yahoo! (NASDAQ: YHOO) said its revenue fell last quarter to a large extent because of a drop in its display advertising. The trend will spread to other websites with smaller audience size than those...
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It would have been hard to imagine just a year ago that Microsoft’s (NASDAQ: MSFT) growth engine would be the phone business. It has turned out that the most exciting developments at the world’s...
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Most of the financial media stops at mid-year to reflect on how the market performed since January 1. The effort is often fruitless. The fact that a stock, or any market, did well over an...
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The dividend hikes continue… We have seen continued dividend hikes from large companies. Those hiking dividends for just this trading session are Cardinal Health, Inc. (NYSE: CAH), CBS...
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Updated throughout the day. The White House may pick an associate of Wall St. critic Elizabeth Warren to run the Consumer Financial Protection Bureau (Reuters) News Corp (NYSE: NWS) will try to get a...
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Short sellers who have bet against tech shares hit the exits during the period which ended on March 31. The short interest in the world’s largest chip company, Intel (NASDAQ: INTC), dropped 3% to...
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Updated throughout the day. Obama will present his new deficit goals (WSJ) Katie Couric may leave CBS (NYSE: CBS) and create morning TV show with Matt Lauer (NYT) A group of bidders has emerged for...
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Netflix, Inc. (NASDAQ: NFLX) appears to have united just about everybody but its customers to curb the company’s growing power. The latest foray comes from the Starz pay-cable TV channels, owned by...
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The head of Goldman Sachs Group (NYSE: GS) said that an ex-director leaked confidential information. (Reuters) The prime minister of Portugal stepped down as his austerity plan was rejected by...
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In the past 12 months, shares of Netflix, Inc. (NASDAQ: NFLX) have shot up nearly 300%, from around $70/share to around $220/share, after peaking at near $250/share. The trailing P/E is more than 72,...
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Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters) Oil reached a 2 1/2 high on Middle East concerns (Reuters) Hewlett-Packard (NYSE: HPQ) made a grim forecast for 2011 and its...
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The cost of carrying Monday Night Football is about to go from being expensive to off the charts. We Americans probably never think of the costs behind carrying the game. The costs are enormous...
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