Entries tagged "Corporate restructuring"

Time Warner publishing unit's woes continue

Despite Time Warner's third-quarter profit of 61 cents a share, the media giant's publishing arm is bleeding as ad revenue fell 22% to $129 million, contributing to the cutting of 280 jobs.

Cablevision spinning off MSG by end of 2009

Cablevision chairman and CEO James L. Dolan confirmed that a Madison Square Garden spinoff will happen by the end of the year.

Z Gallerie's road ahead may be rocky

Z Gallerie emerged from Chapter 11 just in time for the Christmas season, but the latest signs on the pulse of the economy seem to show it will have a tough time luring shoppers.

Owning NBCU would be fine with Immelt, so he says

Immelt said at the Web 2.0 Summit in San Francisco that he remains "totally comfortable" owning NBC Universal.

Gourmet goes sour as Condé Nast trims down

Condé Nast closes four magazines, including the nation's oldest food publication, Gourmet.

Germany keeps pushing for Opel sale

With General Motors Co.'s board set to discuss the future of its Adam Opel GmbH unit late Wednesday, German labor representatives and politicians continued to push for a sale, arguing that an end to the auction would be far too costly for the once-bankrupt U.S. automaker. If GM decided to keep the Rüsselsheim, Germany, subsidiary, the company could need at least $6 billion to restructure it. GM would also have to pay back a €1.5 billion ($2.2 billion) bridge loan the German government extended, German Finance Minister Peer Steinbrück said. "If General Motors' management decided to keep Opel, we...

Survey says companies not hiring yet

Sixty-nine percent of 28,000 companies surveyed by Manpower said they see no change in their staffing levels in the fourth quarter.

Lowe's falls on earnings; expansion restrained

Lowe's reported weaker-than-expected earnings as its stock falls in midmorning trading.

Suicide squeeze at the Times?

Did The New York Times scoop about Red Sox slugger David Ortiz hurt the media company's efforts to sell the team and stave off bankruptcy of the newspaper chain?

Bank of America looking to expand in China

BofA is looking to set up a subsidiary in China.

Cablevision's MSG spinoff has its cheerleaders

Shares of Cablevision are rising as the media company announced its board approved the spinoff of its Madison Square Garden assets.

Molsons don't trip on CIT financing mishap

Despite losing its reported $225 million loan from CIT, the Molson family says it's still on track to buy the NHL's Montreal Canadiens by the end of August.

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