Moneynews RSS FeedFri, 24 May 2013 15:18:58 EDTNews Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the...Fri, 24 May 2013 13:57:40 EDTAn influential U.S. senator expressed strong concerns about Japanese company SoftBank's plan to buy 70 percent of Sprint Nextel, the No. 3 mobile service provider, warning it could expose the United States to more Chinese cyber attacks. Fri, 24 May 2013 13:56:23 EDTKKR & Co. and Silver Lake Management LLC have made separate bids for Hulu LLC, according to people with knowledge of the situation.Fri, 24 May 2013 13:49:46 EDTEdward Lampert, the hedge-fund manager who took over as chief executive officer of Sears Holdings Corp. this year, saw the value of his controlling stake fall as much as $639 million after a first-quarter loss at the retailer prompted the biggest stock decline in six...Fri, 24 May 2013 13:48:18 EDTDelta Air Lines is opening a $1.4 billion terminal at John F. Kennedy International Airport, strengthening its hand in the battle for the lucrative New York travel market.The expanded concourse offers sweeping views of the airport, upscale food and shopping options and...Fri, 24 May 2013 13:13:44 EDTValeant Pharmaceuticals International Inc., Canada’s largest drugmaker, is close to acquiring Bausch & Lomb, the eye-care company owned by Warburg Pincus LLC, for about $9 billion, according to a person familiar with the negotiations.Fri, 24 May 2013 10:55:16 EDTMost men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace.Fri, 24 May 2013 10:16:43 EDTGoogle Inc., maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said. Waze is fielding expressions of interest from multiple parties and is...Fri, 24 May 2013 10:07:29 EDTActivist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc., banking sources told...Fri, 24 May 2013 09:59:32 EDTNews Corp. set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.Thu, 23 May 2013 19:11:55 EDTProcter & Gamble is bringing back former CEO A.G. Lafley to its top post in a surprise move as the world's largest consumer goods maker tries togrow globally.Thu, 23 May 2013 18:50:57 EDTThe U.S. has evidence that will show Apple Inc. participated in a conspiracy to raise the prices of electronic books, the judge overseeing the government's civil antitrust case against the company said ThursdayThu, 23 May 2013 18:11:01 EDTMerck has ended development of preladenant, an experimental drug for Parkinson's disease, after initial data from three late-stage trials proved disappointing.Thu, 23 May 2013 17:40:30 EDTGap Inc., which owns the Gap, Old Navy and Banana Republic clothing chains, reported a 43 percent increase in its fiscal first-quarter net income, as the company continues to reap benefits from the turnaround plan that it began early last year.Thu, 23 May 2013 17:35:17 EDTPandora Media said first-quarter revenue grew 58 percent to $128.5 million on the strength of mobile advertising and new subscribers to the online streaming music service.Thu, 23 May 2013 17:26:36 EDTSears Holdings Corp. reported a steeper-than-expected loss for its first quarter, with the beleaguered retailer blaming a cooler spring for falling sales.Thu, 23 May 2013 16:46:13 EDTCablevision Systems Corp., the fifth-largest U.S. cable company, asked police to remove people from its annual meeting today after shareholders protested the company's union pay policies.Thu, 23 May 2013 15:23:17 EDTUnion Pacific Corp., the biggest U.S. railroad, may carry as much as 40 percent more crude oil in 2013 and is seeing evidence that the slump in coal shipments is over, Chief Executive Officer Jack Koraleski said.Thu, 23 May 2013 15:17:30 EDTA former Goldman Sachs Group Inc. investment banker will pay $100,000 to resolve U.S. regulatory claims that he made improper contributions to a Massachusetts treasurer while seeking state underwriting business.Thu, 23 May 2013 14:22:50 EDTElan Corp.’s board of directors unanimously rejected a higher takeover offer from Royalty Pharma, an investor in royalty streams from pharmaceuticals, saying the proposal “substantially undervalues the company.”