News Corp sees economy hurting advertising
(Reuters)
- Reuters - Rupert Murdoch said on Wednesday stress in the U.S. economy is squeezing advertising budgets, adding that News Corp's (NWSa.N) Fox Interactive Media would miss an ambitious $1 billion annual revenue goal by 10 percent. |
News Corp sees economy hurting advertising
(Reuters)
- Reuters - Rupert Murdoch said on Wednesday stress in the U.S. economy is squeezing advertising budgets, adding that News Corp's (NWSa.N) Fox Interactive Media would miss an ambitious $1 billion annual revenue goal by 10 percent. |
Sprint, cable form $14.5 billion Clearwire venture
(Reuters)
- Reuters - Sprint Nextel Corp and top U.S. cable companies are investing in Clearwire Corp to introduce high-speed wireless Web services and get a head start on AT&T; and Verizon, but analysts said the seven-way partnership may be too complex to succeed. |
Oil surges to new highs as dealers focus on diesel
(Reuters)
- Reuters - Oil prices rose 1.4 percent on Wednesday, extending further into record territory amid intensifying worries over tight world supplies of diesel fuel. |
Wall St dives on record oil over $123
(Reuters)
- Reuters - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel. |