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Posted 2008-05-15
at 5:05 pm EDT

CBS to buy web publisher CNET for $1.8 billion

NEW YORK, May 15, 2008 (Reuters) — CBS Corp said on Thursday it would buy web media company CNET Networks Inc for about $1.8 billion to boost the television broadcaster's reach across the Internet. ... > full story
Posted 2008-05-15
at 5:05 pm EDT

Berkshire holds no Ameriprise shares: SEC filing

WASHINGTON, May 15, 2008 (Reuters) — Berkshire Hathaway Inc , billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday. ... > full story
Posted 2008-05-15
at 5:05 pm EDT

Icahn to battle Yahoo to accept Microsoft bid

NEW YORK, May 15, 2008 (Reuters) — Financier Carl Icahn launched a proxy battle on Thursday to force Yahoo Inc to reopen buyout talks with Microsoft Corp , saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer. ... > full story
Posted 2008-05-15
at 4:05 pm EDT

Nordstrom beats view, lowers 2008 earnings range

LOS ANGELES, May 15, 2008 (Reuters) — Upscale department store Nordstrom Inc reported a lower quarterly net profit on Thursday that beat Wall Street estimates, hurt by lower sales in what the company called a "challenging retail environment." ... > full story
Posted 2008-05-15
at 4:05 pm EDT

Kohl's profit down, sales outlook "conservative"

CHICAGO, May 15, 2008 (Reuters) — Kohl's Corp , a mid-priced retailer of apparel and home goods, reported lower first-quarter profit on Thursday, and said its sales outlook remained conservative for the year. ... > full story
Posted 2008-05-15
at 4:05 pm EDT

RIM will launch touch-screen BlackBerry in Q3: report

TORONTO, May 15, 2008 (Reuters) — BlackBerry maker Research In Motion Ltd plans to launch a touch-screen version of the wireless e-mail device in the third quarter as an answer to Apple Inc's iPhone, the Wall Street Journal reported on Thursday. ... > full story
Posted 2008-05-15
at 4:05 pm EDT

Judge rules for American Red Cross in J&J case

NEW YORK, May 15, 2008 (Reuters) — The American Red Cross can continue to use its iconic emblem, a federal judge ruled on Thursday, in a case that pitted Johnson & Johnson against the humanitarian organization and four of its licensees. ... > full story
Posted 2008-05-15
at 2:05 pm EDT

Sotheby's shares jump as Bacon artwork sells for record price

BANGALORE, May 15, 2008 (Reuters) — Shares of global auction house Sotheby's rose more than 9 percent Thursday, a day after a Francis Bacon painting was snapped up for a record-breaking $86 million at its New York post-war art auction, soothing concerns about a slowdown in the art market. ... > full story
Posted 2008-05-15
at 2:05 pm EDT

Home builder sentiment nears record low in May

NEW YORK, May 15, 2008 (Reuters) — Home builder sentiment fell for the first time in four months in May, edging closer to the record low set in December, as market conditions continued to worsen, an industry group said on Thursday. ... > full story
Posted 2008-05-15
at 1:05 pm EDT

Blackstone reports loss amid turbulent markets

NEW YORK, May 15, 2008 (Reuters) — Private equity company Blackstone Group reported a first-quarter loss on Thursday as turbulent markets cut into the value of its investments. ... > full story