Market News

Comcast (CMCSA)

Comcast breached several contracts and federal law by delivering high end telecommunications services via equipment attached to the poles the utility company uses to distribute electricity alleges Dominion Virginia Power.
The power company says that Comcast only had the right to deliver audio and video services over the equipment. Rights to use the pole attachments for additional services would have cost Comcast more, the complaint states. Neither side immediately returned requests for comment.

Oct 20 · 3:01:00 PM · Source: Legal Times
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by Michael Oliveto

Sears (SHLD)

Sears Holdings is becoming the latest retailer to throw itself in the heated price war on books expected to be top sellers. But the merchant's promotion has a twist. The company, which operates Sears and Kmart, says it will reward customers who buy a book from its list of ten highly anticipated book hits on Sears.com, Walmart.com, Target.com or Amazon.com with an online credit equal to the purchase price — up to $9.

Oct 20 · 12:41:00 PM · Source: AP
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by Larry Etter

Eastman Kodak (EK)

Eastman Kodak Company (NYSE: EK) today announced that, consistent with its prior announcement on September 18, 2009, the tender offer to purchase for cash up to $575 million aggregate principal amount of its outstanding 3.375% Convertible Senior Notes due 2033 (the “2033 Notes”) expired at 5:00 p.m. New York City time on October 19, 2009.

Oct 20 · 9:33:00 AM · Source: Business Wire
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by Larry Etter

Gannett (GCI)

Gannett Co.'s third-quarter profit tumbled 53% amid an advertising slump, but the newspaper publisher's results beat its heightened expectations, helped by cost cuts.
Advertising down, but company did a good job of managing costs.

Oct 19 · 9:28:00 AM · Source: Wall Street Journal
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by Larry Etter

Amazon (AMZN)

Amazon.com Inc. (AMZN)on Friday morning lowered its prices on hot upcoming book releases once again to match Walmart.com in their continuing price war, and is now also selling top 10 pre-orders for November at $9.
Wal-Mart yesterday said they would be selling some best selling books for $10.

Oct 16 · 11:31:00 AM · Source: Wall Street Journal
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by Larry Etter

Mattel (MAT)

Mattel Inc.'s (MAT) today reported third-quarter earnings fell 3.5% amid weak international Barbie sales, a lack of entertainment-inspired toys and unfavorable foreign-exchange rates. Sales slid 8%.
But the world's largest toy maker has cut inventories and tightly managed its balance sheet, offering hope that it will benefit in the fourth quarter as retailers continue to stock their own shelves for the holidays.

Oct 16 · 10:49:00 AM · Source: Dow Jones
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by Larry Etter

Amazon (AMZN)

The price war between Amazon.com and Wall-Mart escalated today as Amazon.com slashed its price on top-10 pre-orders for November to $9 to match Wall-Mart’s already slashed price.
Wal-Mart said the tactic to discount pre-orders of popular books was part of a larger strategy to establish Walmart.com as the biggest and cheapest online retailer.

Oct 16 · 10:46:00 AM · Source: The Wall Street Journal · Related: Walmart
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by Michael Oliveto

Interpublic Group Of Companies (IPG)

Interpublic Group (NYSE: IPG) announced today that it will be aligning its Deutsch agency with Lowe Worldwide. Deutsch will become the North American hub of the Lowe & Partners global network, assuming management oversight of Lowe operations in North America, including Lowe New York, Lowe Roche Toronto and Lowe Healthcare.

Oct 15 · 1:33:00 PM · Source: Business Wire
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by Larry Etter

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