Reuters - Cablevision Systems Corp has
sealed a $650 million deal to buy the Long Island daily
newspaper Newsday from Tribune Co, but analysts doubt the cable
company can achieve cost savings to justify its investment.
Reuters - Hewlett-Packard Co is close to
a deal to buy technology outsourcing company Electronic Data
Systems Corp for $12 billion to $13 billion, a source
briefed on the matter said on Monday.
Reuters - Talks are underway to settle a dispute
over financing the $20 billion leveraged buyout of U.S. radio
operator Clear Channel Communications Inc , the company
said in a statement on Monday.
Reuters - Former American International Group
CEO Maurice "Hank" Greenberg has said the insurer is in
"crisis" and urged a delay in its annual general meeting
scheduled for Wednesday, according to a letter he sent to the
board of directors.
Reuters - Stocks rose on Monday as the
introduction of a faster BlackBerry spurred optimism about
business spending on technology, while cooling oil prices eased
inflation concerns.
AP - China's inflation almost climbed to a 12-year high in April, swamping official efforts to cool surging living costs that could provoke unrest ahead of the Beijing Olympics.
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