Nov 4th, 2009 - Los Angeles Times
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Emphasizing a major shift in strategy, News Corp. all but conceded Wednesday that its once-dominant social network MySpace is no longer competitive with rival Facebook or micro-blogging service Twitter and will seek to rebuild the site around entertainment.
News Corp. said MySpace -- whose 2005 acquisition was once considered so pivotal that it landed Chairman and Chief Executive Rupert Murdoch on the cover of Wired magazine -- has undergone layoffs and a massive restructuring but continues to lose revenue. The site is attempting to regain momentum by building online communities around music, video and games.
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Sapient 3Q profit plummets on charges, sales dip
Nov 5th, 2009 - The Seattle Times
Technology-services provider Sapient Corp. said Thursday that third-quarter profits plunged by two-thirds, partly due to special charges, and the CEO said customers were growing more confident in business prospects.
Econ Minister Says Germany Open To Opel Aid Requests
Nov 4th, 2009 - CNNMoney
BERLIN -(Dow Jones)- German Economy Minster Rainer Bruederle said Wednesdaythe government is open to General Motors Co.'s requests for state aid for itsAdam Opel GmbH unit...
Cardinal Health Swings To 1Q Loss; CareFusion Net Down 28%
Nov 5th, 2009 - CNNMoney
Cardinal Health Corp. (CAH) swung to a fiscal first-quarter loss as thecompany recorded restructuring and spinoff charges of CareFusion Corp. (CFN) tofocus on its core drug-distribution operations...
Unilever Price Cuts Surprise Analysts; Soap Deal Lifts Costs
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Unilever said it cut prices as muchas 3 percent compared with last year’s fourth quarter, more thansome analysts expected, as the second-largest consumer-productsmaker stimulated demand from cash-strapped shoppers.
News Corp Emerging From Bottom of Cycle: Murdoch
Nov 5th, 2009 - CNBC
Strong performance at News Corp's (NWS) cable channels and movie studio helped compensate for advertising declines, helping the media giant outperform Wall Street's expectations.
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