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British Broadcasting Corporation (BBC) Director General Mark Thompson arrives for a meeting at BBC Trust building in central London

New York Times Names New CEO With Strong Broadcast Ties

The New York Times Co. (NYSE: NYT), publisher of the third-largest U.S. newspaper by circulation, named outgoing BBC director-general Mark Thompson its new CEO on Wednesday, bringing in a broadcast journalism veteran as the company expands its video content.
U.S. Services Sector Slumped In April

Luxury, Discount Retailers Post Higher Quarterly Earnings

A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
Frommers

How Google Barged Into The Travel Business

Google's slow-but-steady march into the travel and local listings business continues this week with its latest acquisition: Frommer's, the popular travel guidebook series.
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Kodak Patent Auction Goes Into Overtime

Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.

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