Peres Pushes For Peace Via Economic Expansion Shimon Peres appealed to the wealth generators gathered at Davos to use their business skills to succeed where politicians had so far failed - in bringing peace to the Middle East....... Read Full Article Seizing A Real Estate Chance A phone call to a Yarrawonga real estate agency earlier this year - inquiring about the price of waterfront land - turned around the lives of Australand executive Andrew Shell and his wife Mandy.... Read Full Article Iran Hits Back Over Sanctions Iran threatens to cut access to international inspections and accelerate uranium enrichment after the UN Security Council imposed sanctions over its nuclear program.... Read Full Article Divided Opinions In Motorola Fight A proxy fight between investor Carl C. Icahn and Motorola heated up when two proxy advisory firms lined up in opposing camps.... Read Full Article Home Depot May Shed Unit To Focus On Retail The company announced a move that, if completed, would be a sharp rebuke of the strategy of the former chief executive Robert L. Nardelli.... Read Full Article |
Stocks Rise As The Media Sector Is RediscoveredBuoyed by reports of possible mergers and acquisitions, stocks surged last week, pushing the Dow Jones industrial average to another record close on Friday. Podcast Weekend BusinessThis week: Rupert Murdoch bids for Dow Jones and companies that behave like non-profits. How to Subscribe This Weeks Podcast (mp3)Last week, Rupert Murdochs News Corporation offered to buy Dow Jones, the publisher of The Wall Street Journal, for $5 billion, and the Thomson Corporation of Canada made a takeover approach to the Reuters Group. In addition, there were reports on Friday of talks between Microsoft and Yahoo about a business partnership — some said even a merger. And earlier in the week, Cablevisions board said it had accepted a buyout offer from the Dolan family, the companys founders — subject to approval by shareholders, excluding the Dolans, officers and executives of the company. These prospective business deals and others drove up a broad range of stocks. For the week, the Dow Jones industrial average gained 143.68 points, or 1.1 percent, to close at 13,264.62. The Standard & Poors 500-stock index rose 11.55 points, or 0.8 percent, to close at 1,505.62. The Nasdaq composite index climbed 14.94 points, or 0.6 percent, to close at 2,572.15. The yield on the 10-year Treasury note fell to 4.64 percent from 4.67 percent the previous week. JEFF SOMMER Tag CloudExternal InformationAdditional InformationHSBC Says Profits Up 13 Percent...Trying to Put New Zip Into Moore’s Law... Costume Jewelry Retailer Agrees to a Takeover... The Goods: Form, Function and Controversy... Where Am I?News Main Page - Business - Stocks Rise As The Media Sector Is Rediscovered |
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