Wachovia Corp. has increased its first-quarter net loss 80 percent from the total the company reported three weeks ago, citing a $315 million writedown on three contracts in its life-insurance portfolio. (WB)
Microsoft Corp. said its Zune entertainment division has signed deals to provide downloads of TV shows from NBC, Comedy Central, MTV and Turner Broadcasting. (MSFT)
CB Richard Ellis Realty Trust is teaming with Duke Realty Corp. on a joint venture that will acquire from Duke up to $800 million of newly developed bulk industrial build-to-suit projects over the next three years. (DRE) (CBG)
Aquest Systems Corp. and Gores Group LLC said Tuesday they withdrew their unsolicited offer to acquire Asyst Technologies Inc. for $5 to $6 per share. (ASYT)
The Walt Disney Co. reported a 22 percent jump in second-quarter earnings after the market closed on Tuesday, driven by strong growth in its media networks, studio entertainment and parks and resorts divisions. (DIS)
Security guards employed by Inter-Con Security Systems Inc. and contracted out to Kaiser Permanente facilities were set to stage a three-day strike starting Tuesday to protest what they say are unfair labor practices.
Jacobs Engineering Group Inc. has been awarded a five-year Scientific, Technical, Administrative, and Research, Development, and Test and Evaluation Services Information Technology contract from the U.S. Navy. (JEC)
As sag negotiations drag on over the hot-button issue of the calculation of residuals on VOD, it is worth taking a closer look at the recently inked agreements with the DGA and WGA -- especially because the studios are offering
Germany's Senator Entertainment doubled revenue and booked a small pretax profit last year, thanks to a development the company attributed to the rapid expansion of its German distribution and international production businesses.
Cablevision Systems Corp. has made a $650 million bid for Tribune Co's Newsday newspaper, topping rival offers from media titans Rupert Murdoch and Mortimer Zuckerman, a source briefed on the matter said on Friday.
Wall Street gave up sharp gains to trade mixed Friday after a government employment report showed the nation's employers cut far fewer jobs than expected last month, stirring optimism about the buoyancy of the economy.
Booming movie rentals and a steady flow of TV license fees combined to compensate for sluggish home video revenue and bring about a "flat" all-media sales performance worldwide for the major Hollywood studios last year.
