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Ciena agreed to buy the optical networking and ethernet equipment businesses of bankrupt Nortel Networks for $769 million after trumping a bid from Nokia Siemens Networks. The deal, which ends a three-day auction, will vault Ciena to third place in the optical network equipment market, giving it a ...
New York Times · 8 hours ago
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The modest recovery in home prices is beginning to falter, according to data released Tuesday. The Standard & Poors/Case-Shiller home price index, a closely watched measure of 20 metropolitan areas, barely rose in September, increasing 0.3 percent on a seasonally adjusted basis. Nine of the cities ...
New York Times · 1 hour ago
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NEW YORK (Reuters) - Playboy Enterprises Inc will outsource all its publishing operations except for editorial to American Media Inc in a bid to cut costs and return its namesake magazine to profitability in two years. The company said on Tuesday that Playboy magazine is forecast to lose $8 million ...
ABC News · 4 hours ago
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Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units. NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday. The National Association of Realtors ...
CNN Money · 1 hour ago
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The agency said the drop-side cribs have a side that moves up and down to allow parents to lift children from the cribs more easily. It also said there have been 110 incidents of drop-sides detaching from the cribs.Asked Tuesday whether people should abandon such cribs, Tenenbaum said she recommends ...
MSNBC · 4 hours ago
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Las Vegas always wins the title for worst foreclosure rate in the country. But these 5 cities have the fastest-growing foreclosure rates. And they're not the usual suspects. After losing their homes, these 4 families thought they'd never recover. They've found it difficult to rent and their credit ...
CNN · 2 hours ago
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By Chris Isidore, CNNMoney.com senior writerLast Updated: November 24, 2009: 1:15 PM ET It turns out the day after Thanksgiving is a great day to shop for a car. Here a few deals that deserve special attention. NEW YORK (CNNMoney.com) -- The deal to sell Saab to Swedish firm Koenigsegg Group AB has ...
CNN · 58 minutes ago
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(Adds detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Kraft Foods Inc. (KFT) is set to meet Wednesday with labor representatives for Cadbury PLC's (CBY) workers to discuss its plans for the U.K. confectioner, which Nov. 9 rejected a GBP9.8 billion offer from Kraft after the ...
CNN Money · 28 minutes ago
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Lloyds Banking Group(LLOY) today launched the second part of its mammoth fundraising with the UK's largest ever rights issue. Shares are priced at 37p each - a smaller than expected 59.5% discount to Monday's closing price. The UK's largest retail bank had said the new shares will be priced at a 38 ...
Interactive Investor International · 1 hour ago
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Survey says number of people 'definitely' heading to stores increasing to 57 million from 49 million in 2008. NEW YORK (CNNMoney.com) -- The number of people shopping on Black Friday is expected to pick up more than 16% this year, according to a survey released Tuesday. A staggering 57 million ...
CNN Money · 4 hours ago
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