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With a midnight deadline looming, Viacom Inc. and Time Warner Cable Inc. exchanged shots in their high-stakes contract dispute that could leave millions of cable customers searching in vain for "Dora the Explorer," "SpongeBob SquarePants," or Jon Stewart.
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Money & Co. blog: Huge losses like the Dow's 33.8% drop in 2008 tend to be followed by rebounds, rather than more of the same. But it all depends on the economy. >>
Money & Co. blog: Investors could have profited by playing a handful of themes -- including the new national frugality. >>
NEW YORK -- Wall Street saw a merciful end to a dreadful year Wednesday as stocks closed the last session of 2008 with a sizable advance. >>
WASHINGTON -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. >>
The number of newly laid off workers signing up for unemployment benefits fell sharply last week but those continuing to draw aid climbed to the highest level since 1982. >>
ROUND ROCK, Texas -- Computer maker Dell Inc. said Wednesday that Michael Cannon, president of global operations, and Mark Jarvis, chief marketing officer, will leave the company as part of a global restructuring. >>
Financing schemes that sidestepped voter approval have put local governments deeper in hock. >>
December 30, 2008
AUTOS
No-interest financing from the automaker and looser credit standards by GMAC may lure more buyers. >>
LABOR
Moderates on the Screen Actors Guild board are frustrated at the stalemate in contract talks with Hollywood studios that has left the union in limbo. The move could undermine the guild's leadership. >>
FINANCIAL MELTDOWN
Statements given as the financial meltdown unfolded indicate how much its severity was misread. >>
MARKETING
Aarrow Advertising says skillful twirlers can help it draw clients as marketing budgets shrink. >>
Prices in the L.A. area are down 27.9% from the previous year. Several cities record their largest monthly declines. >>
The company refuses to comment on Web report. The stock is down 56% for the year. >>
A federal judge says he's looking for a way to allow the copyright-infringing dolls to continue to be made and sold during the 2009 retail buying season. >>
Nintendo's game console, Amazon's electronic book reader Kindle and Ugg boots are the few hot sellers during the holidays. >>
Figures for week drop 1.8%. Year-end transactions are forecast to decline the most since 1970, a trade group says. >>
The Conference Board gauge falls to 38 from a revised 44.7 in November, another sign that consumer spending is unlikely to pull the U.S. out of recession any time soon. >>
Federal regulators officially rejected a banking industry push to suspend accounting rules that force banks to value assets on their balance sheets at current market prices even if they plan to hold them for years. >>
With fewer multibillion-dollar projects to go around, companies are fighting harder to land deals. The 1,600 protests filed are the highest number in a decade. >>
Four people have filed objections to the settlement for owners of dogs and cats that were sickened or died after eating melamine-laced food. >>
The head of the FCC says getting the broadband network established is his main goal. >>
Money & Co. blog: A new agency report argues for maintaining "mark to market" accounting, despite banks' assertion that the rules worsened the financial crisis.
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December 30, 2008
ENTERTAINMENT
Venues on the Sunset Strip and in Hollywood are cutting cover charges and drink prices to draw partygoers. >>
FUEL
The U.S. average drops 4 cents in the last week to $1.613 a gallon. California's average climbs 0.4 cent to $1.810. Some groups blame refiners for a reduction in stockpiles. >>
BANKS
Well-known investors are expected to strike a deal with FDIC for the lender by Wednesday. >>
RETAIL
Dismal holiday sales may spur thousands of shop closures. >>
FINANCIAL CRISIS
A complex, disciplined system minimized risk and maximized profit, but it wouldn't last. >>
The investor spent about $1 billion acquiring a 6.5% stake in the struggling automaker this year, then saw the value of its stock plummet. >>
Managing to not be totally wiped out qualified as a successful result in a brutal year on Wall Street. >>
The Treasury Department's move to aid the automotive lender could free up badly needed financing for car buyers. >>
Fox wants to block Warner's release of the film version of the famed graphic novel. >>
The singer's ventures bring him an annual net income of about $40 million. >>
Federal regulators Monday approved the first new drug to treat prostate cancer in four years. >>
The owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theatres chain buys 1.2 million Carmike shares for roughly $2.8 million. >>
The Parent Co., a Denver online retailer of products for children and babies, filed for bankruptcy protection after sales plunged. >>
Hurricanes and climate change help push insurers' losses to $45 billion in 2008. >>
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