Ask.com Business News

Playboy to outsource most magazine ops: report

Tue, 24 Nov 2009 04:30:00 PST

Exec Digital US - Found 11 hours ago
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 in 2009, and this ...
Playboy to Outsource Business Functions - ABC News
Playboy, American Media Enter Outsourcing Pact - FOXNews.com
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Reuters

One in Four Borrowers Is Underwater

Tue, 24 Nov 2009 08:06:00 PST

Wall Street Journal Online - Found 20 hours ago
... more in Real Estate Main » Share: facebook↓ More Save This↓ More Text The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative ...
Nearly 1 in 5 Illinois homeowners underwater on mortgage - Chicago Tribune
Study: 6% of Raleigh-Cary properties ‘underwater’ - Houston Business Journal
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Wall Street Journal Online

New share structure at Facebook

Tue, 24 Nov 2009 11:55:00 PST

BBC - Found 4 hours ago
Facebook, the world's largest social networking site, has created a dual-class share structure to give its owners full control over the company.A number of privately-owned firms, including Google, have introduced a similar structure before becoming publicly listed companies. But Facebook said it had ...
Privately held Facebook sets up dual-class stock - Reuters
Is Facebook preparing to go public? - MSNBC
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Telegraph

Bank loaned 60 billion to RBS, HBOS

Tue, 24 Nov 2009 03:36:00 PST

Interactive Investor International - Found 12 hours ago
By Keith Weir LONDON (Reuters) - The Bank of England disclosed on Tuesday that it provided almost 62 billion pounds in emergency loans to Royal Bank of Scotland (RBS.L) and HBOS (LLOY.L) at the height of the credit crisis last year. The Bank said it did not give details of the loans in its annual ...
King on secret bank rescue loans - BBC
Banks got billions in secret bailouts - CNN
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Daily Express

Microsoft CFO to leave, look for bigger job

Wed, 25 Nov 2009 12:20:00 PST

Reuters - Found 3 hours ago
By Bill Rigby NEW YORK (Reuters) - Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company. Liddell, 51, has been CFO at the world's largest software company since May 2005, after joining ...
Microsoft's Finance Chief to Leave - Wall Street Journal
UPDATE: Microsoft Names Klein To Replace Liddell As CFO - Morningstar.com
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MarketWatch

U.S. home prices up 5th month, 2nd straight quarter

Tue, 24 Nov 2009 04:43:00 PST

Exec Digital US - Found 11 hours ago
U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes on Tuesday. By Lynn Adler 'We have seen broad improvement in home prices for ...
Report: Almost 1 in 4 borrowers underwater - MSNBC
Home prices increase for fourth month - MSNBC
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RTTNews.com

WRAPUP 5-GM's Saab sale collapses as buyer backs out

Tue, 24 Nov 2009 11:14:00 PST

Interactive Investor International - Found 4 hours ago
GM had been aiming to close a deal by the end of next month to sell Saab to a partnership led by the Swedish luxury car builder Koenigsegg and backed by China's Beijing Automotive Industrial Holding Ltd (BAIC). Koenigsegg, a tiny Swedish company that hand builds sports cars that sell for $1 million, ...
Will GM Shut Down Saab? Fate to Be Decided Next Week - Time
G.M. to Decide Saabs Fate Next Week - New York Times
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USA Today

Bookseller Posts Loss and Lowers Outlook

Tue, 24 Nov 2009 07:20:00 PST

International Herald Tribune - Found 8 hours ago
Barnes & Noble introduced the Nook, a competitor to the popular Kindle from Amazon.com, last month and said the device would begin to ship in late November. Last week, it said the Nook had sold out and orders placed beginning Nov. 20 would be filled Jan. 4 or later.On Tuesday, Barnes & Noble said ...
Barnes & Noble cuts outlook; Borders sales fall - Exec Digital US
US SMALL/MIDCAPS-Booksellers' shares burned after results - Interactive Investor International
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Boston Globe

CPSC chief: Agency moved too slowly on crib safety

Tue, 24 Nov 2009 06:40:00 PST

MSNBC - Found 21 hours ago
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 ...
2 Million Drop-Side Baby Cribs Being Recalled - Fox News
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• Existing home sales at highest level since 2007

Tue, 24 Nov 2009 10:11:00 PST

CNN Money - Found 17 hours ago
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 ...
Existing home sales up - CNN
U.S. home sales surge 10.1% in October - People's Daily Online
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