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Cablevision buys Newsday for $650M
Read full story for latest details.
CNNMoney.com  –  1 hour, 50 minutes ago  ¦  comment?
Fujitsu quarterly profit down 40 percent
AP - Japanese electronics maker Fujitsu on Monday reported nearly a 40 percent plunge in profit for the January-March quarter, largely on costs to restructure its computer chips operations.
Yahoo!  –  3 hours, 6 minutes ago  ¦  comment?
PMI Group swings to hefty 1Q loss on defaults
AP - Mortgage insurer PMI Group Inc. said Monday it swung to a first-quarter loss from year-ago profit, due to hefty payouts on default claims and charges to write off its investment in bond insurer FGIC.
Yahoo!  –  3 hours, 37 minutes ago  ¦  comment?
HSBC sees further pain in US housing
The bank, one of the first to suffer from the subprime mortgage meltdown, said any recovery in the US housing market was unlikely this year as it revealed it had set aside $5.8bn as a result of the credit turmoil in the first quarter
Financial Times  –  3 hours, 46 minutes ago  ¦  comment?
Renault and Nissan to launch low-cost car
Renault and Nissan are forming a joint venture with India's Bajaj Auto to produce a car priced starting at $2,500 due to take on Tata Motors' low-cost Nano
Financial Times  –  4 hours, 7 minutes ago  ¦  comment?
Fujitsu fourth-quarter profit down, sees rebound
Reuters - Japan's Fujitsu Ltd reported a 40 percent fall in quarterly profit on Monday, hurt by restructuring in its microchip operations, but it forecast that its annual profit would more than double this year on its IT outsourcing operations.
Yahoo!  –  5 hours, 21 minutes ago  ¦  comment?
Centrica warns profits to fall
The owner of British Gas warned that higher wholesale gas and electricity prices would lead to a fall in first half operating profits and hinted at price rises for its business and residential customers later this year
Financial Times  –  6 hours, 10 minutes ago  ¦  comment?
Kashagan consortium threatened with sanctions
Kazakhstan's energy minister said the consortium developing the Kashagan oilfield had voiced the possibility of delaying production and warned the group could face government sanctions
Financial Times  –  6 hours, 12 minutes ago  ¦  comment?
Funds gets $10bn to tap global expansion
Private equity investors target infrastructure projects in effor to buy into sectors unaffected by the credit crisis and the US economic slowdown
Financial Times  –  9 hours, 42 minutes ago  ¦  comment?
Westpac in A$15bn offer for St George
Proposed all-share deal could lead to formation of Australia's biggest bank, with a market value of about A$65bn, and prompt a wider financial services shake-up in the country
Financial Times  –  9 hours, 54 minutes ago  ¦  comment?