Once A Moneymaker, Kaplan Is Now A Burden For The Washington Post Co
The pressures on the Washington Post Co., the sixth-largest U.S. newspaper group by circulation, are twofold: the erosion in advertising and circulation revenue of its print properties, and the plunging profit of Kaplan, its for-profit education division, as the federal government enacts more regulations.
Boeing Widens Lead Over Airbus With Singapore Airlines Coup
The Boeing Co. (NYSE: BA), the largest U.S. aerospace manufacturer, widened its lead in 2012 orders over rival EADS N.V. (Paris: EAS)'s Airbus SAS after Singapore Airlines Ltd. (Singapore: C6L) said Friday it was buying 50 Boeing 737 airplanes valued around $4.9 billion.
Activision Blizzard Loses 1.1M 'Warcraft' Subscribers But Profits Beat WIth 'Diablo,' 'Call of Duty'
Activision Blizzard (NYSE: ATVI), the second-largest video game maker by market capitalization, beat Wall Street's expectations in the second quarter, even after it lost 1.1 million subscribers to its popular "World of Warcraft" franchise.
Elizabeth Spiers Leaves Behind A Digitally Invigorated New York Observer
Elizabeth Spiers, the editor of the New York Observer, is leaving the newspaper at the end of August after expanding its digital offerings in the past 18 months, diversifying its revenue stream in a challenging advertising environment.
U.S. Mortgages Rates Up For Second Time In 14 Weeks: Freddie Mac
U.S. 30-year fixed mortgages rates rose for only second time in the past 14 weeks on modest economic improvements, mortgage financier Freddie Mac said Thursday.
Indian Firm Makes Big Bet On NYC With $750M Plaza Hotel Buy
India's Sahara India Pariwar Ltd. has agreed to buy a controlling stake in New York's Plaza Hotel for $570 million, placing a bet on one of the most robust U.S. hotel markets.
The Death of Equities? Investors Flee Stocks As Revenue Falls
Investors are abandoning equity stocks amid the global economic slowdown and falling corporate revenues during the second quarter, according to multiple reports.
Fannie-Freddie Mortgage Reductions Vetoed By Regulator, Underscoring Tension Over Housing Cure
A top U.S. housing regulator refused on Tuesday to offer principal reductions for mortgages held by Fannie Mae and Freddie Mac, highlighting a sharp difference in views over the best way to aid the beleagured real estate market.
Time Warner Earnings Preview: Lower Film Revenue, Strong Cable Distribution
Time Warner Inc. (NYSE: TWX), the world's second-largest entertainment conglomerate by revenue, is expected to have slightly lower second quarter earnings as film profits decline but international cable distribution remains strong.
Jonah Lehrer, Stephen Glass And The Elusive Truth
Jonah Lehrer, the now former New Yorker writer and best-selling author, was caught making up Bob Dylan quotes in his book "Imagine" by Michael Moynihan in Tablet magazine. Lehrer's rise and fall also matches that of Stephen Glass, a writer who invented sources and plagiarized material nearly a decade earlier at the New Republic.
Ross Levinsohn Leaves Yahoo: A Triumph of Tech Over Media?
Ross Levinsohn, the former interim CEO of Yahoo! Inc. (Nasdaq: YHOO) has left the company after it hired Marissa Mayer from Google Inc. (Nasdaq: GOOG) as its new chief executive, All Things D reported, suggesting the Silicon Valley giant's focus on its technology division over its media properties.
Charleston 787 Dreamliner Accident Is Latest Headache For Boeing
The Boeing Co. (NYSE:BA), the largest U.S. aerospace manufacturer, faces an investigation by the federal government after another accident involving the engine of its new 787 Dreamliner airplane, the latest setback for the company's crucial new jet.
Winners And Losers: Weill's Change Of Heart, Zynga's Shrinking Profits
IBTimes presents its weekly roundup of winners and losers in the financial world.
CNN President Resigns As Network Struggles With Ratings, But It's Still A Cash Cow
The president of CNN Worldwide, Jim Walton, said he would resign at the end of the year as the cable television network struggles with falling ratings.
Starwood Hotels Remains Bullish On China
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), which operates the Sheraton, Westin and W hotel brands, is moving ahead with its expansion in China, even as the world's second-largest economy suffers a recent slowdown in growth.
U.S. Mortgage Rates Keep Falling -- And That's Bad News For The Economy
The 30-year U.S. mortgage rate fell to new record low of 3.49 percent in the week ending Thursday, an unprecedented 1.06 percent below last year's value of 4.55 percent, according to mortgage financier Freddie Mac, with the drop reflecting growing concern over the economy.
Local Governments Seek Eminent Domain To Solve Mortgage Crisis, But Legality Is Contested
Some of local governments are turning to a new tool to fix the problem, known as underwater mortgages: seizing the loans through eminent domain and enacting principal reductions, a move that is attracting praise and controversy.
New York University's Expansion Plan Approved By City Council, Ending 5-Year Fight
New York University's proposal to add four new buildings to Greenwich Village was approved Wednesday by the New York City Council, capping a fierce five-year battle that pitted one of the country's largest colleges against local residents and preservationists.
IAC, AOL Report Upbeat Quarters But Still Face Media Challenges
IAC/InterActiveCorp. (Nasdaq: IACI) and AOL Inc. (NYSE: AOL) both reported profitable second quarters on Wednesday, and both New York-based companies discussed the futures of their respective troubled media properties.
New York Times Earnings Preview: Print Flat But Digital Growing
The New York Times Co. (NYSE: NYT), publisher of the third-largest U.S. newspaper by circulation, is expected to have higher earnings in the second quarter on lower revenue as print advertising is flat but online subscribers increase.
The U.S. Housing Recovery Is Here: Goldman Sachs
The U.S. housing recovery is here, with an uptick in prices, government support and a decrease in unsold off-market homes, known as shadow inventory, according to analysts from Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets.
FHFA Explores Fannie Mae, Freddie Mac Receivership Plan
The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.
Boeing Earnings Preview: Commercial Airplanes Soar, Military and Pension Spending Drags
The Boeing Co. (NYSE:BA), the largest U.S. aerospace manufacturer, is expected to have higher revenue in the second quarter but lower earnings per share as profit from commercial airplanes is dampened by cuts in military spending and pension expenses.
US Commercial Real Estate Is 'Solid And Healthy': Barry Sternlicht
Barry Sternlicht, the chairman and CEO of Starwood Capital Group LLC and the architect of hotel brands including the W, believes the U.S. commercial real-estate market has rebounded as investors seek assets that generate returns.
Subprime Is Back For Auto Loans, Boosting Sales, And Worries
The number of subprime loans for automobiles has increased this year as lending standards have loosened, boosting automakers' revenues but also creating fears of another financial bubble.
US Existing Home Sales Fall In June: 4 Important Trends
U.S. existing home sales unexpectedly fell in June, according to the National Association of Realtors, raising fresh doubts about the housing recovery. Here are five important trends taken from the numbers.
US Construction Industry Will Go Back To Work This Year: Freddie Mac
Although the U.S. home construction industry continues to lag behind the broader job market, improvements in housing are expected to create jobs and boost construction this year, mortgage financier Freddie Mac said in a new report, Housing: Getting Back To Work.
Can The Mundane Grocery Store Survive The Next Decade?
A financial disparity has emerged between popular health-conscious grocery stores and their more mundane rivals, a gap that's expected to widen as the millenial generation replaces the baby boomers as the dominant consumer consumer force.
Are US Home Equity Loans Another Ticking Time Bomb?
The nascent U.S. housing recovery could be concealing another financial time bomb: home equity loans.
Intel Beats Estimates In 2Q, But Cuts Forecast
Intel Corp. (Nasdaq: INTC), the largest semiconductor manufacturer, beat expectations in the second quarter, but reduced its revenue forecast for the year as China's economy is expected to slow.