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Comcast (CMCSA)
Comcast Corp., DirecTV Group Inc. and 11 other pay-TV providers won dismissal of an antitrust lawsuit brought by consumers who said they are harmed by the industry practice of bundling programs in subscription packages.
The complaint accused the companies of preventing competition among TV providers by offering only prepackaged tiers of programs and by refusing to allow consumers to buy channels “a la carte.”
Oct 20 · 3:05:00 PM · Source: Bloomberg
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by Michael Oliveto
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
Housing
The national median home price is predicted to drop 11.3% by June 30, 2010, according to Fiserv, a financial information and analysis firm. For the following year, the firm anticipates some stabilization with prices rising 3.6%.
The latest forecast is at odds with the past few months of the S&P/Case-Shiller Home Price index. That report has given hope that most housing markets may have already stabilized because the composite index of 20 cities rose in May, June and July. Nationally, it found that home prices have gained 3.6%.
Brad Hunter, chief economist for Metrostudy, which provides housing market information to the industry, however, expects a change in fortunes, however.
"I'm afraid Case-Shiller may be just a temporary reprieve," he said.
Oct 20 · 2:53:00 PM · Source: Yahoo.com
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by Rich Pike
Citigroup (C)
Citibank recently cancelled hundreds of co-branded MasterCard accounts, primarily cards associated with gas-stations, without notifying their customers.
In a statement the bank said that they had “decided to close a limited number of oil partner co-branded MasterCard accounts.” The statement said that these account closings include credit cards affiliated with Shell, Citgo, ExxonMobil and Phillips 66-Conoco. They did not state why the cards were cancelled, but only issued a statement that the bank “continuously evaluates its products.”
Oct 20 · 2:44:00 PM · Source: American Banking News
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by Michael Oliveto
Bristol-Myers Squibb (BMY)
Bristol-Myers Squibb announced that new clinical data support continued development of a subcutaneous administration of ORENCIA (abatacept) for patients with moderate to severe rheumatoid arthritis.
Bristol Myers-Squibb has a comprehensive development program underway to evaluate the potential subcutaneous administration of ORENCIA through an injection into the skin in adults with moderate to severe rheumatoid arthritis. ORENCIA is already available for the treatment of adults with moderate to severe rheumatoid arthritis. The subcutaneous program utilizes a new formulation of ORENCIA, which has been specifically designed for subcutaneous administration.
Oct 20 · 2:22:00 PM · Source: Reuters
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by Michael Oliveto
Baxter International (BAX)
Baxter International was found by the FDA to have failed to follow good manufacturing practices as outlined in a letter to the company.
The FDA said it inspected Baxter plants and corporate offices in Illinois, California and Germany between April and June 2009 and found the company has failed its commitment to quality. A representative for the company couldn't immediately be reached for comment.
Oct 20 · 2:14:00 PM · Source: The Wall Street Journal
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by Michael Oliveto
IMS Health (RX)
The Board of Directors of IMS Health (NYSE: RX) today declared a regular fourth-quarter 2009 dividend of $0.03 per share, payable on December 4, 2009 to shareholders of record at the close of business on November 6, 2009.
Oct 20 · 2:07:00 PM · Source: Business Wire
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by Larry Etter
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
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