Filed Under (Business News) by Fred Chan on 01-03-2009
Against a backdrop of plummeting ad revenue for newspapers and magazines, and rising costs for paper and delivery, Hearst Corp., is getting set to launch an electronic reader that it hopes can do for periodicals what Amazon’s Kindle is doing for books.
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Filed Under (Business News) by Fred Chan on 01-03-2009
U.S. bank regulators closed two more banks on Friday (27 February 2009), the 15th and 16th banks to fail this year, as the worsening recession pulled more regional banks underwater.
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Filed Under (Business News) by Fred Chan on 01-03-2009
General Electric said Friday that it plans to cut its dividend by 68%, to 10 cents from 31 cents a quarter, a move the conglomerate says should save it $9 billion a year.
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