Clay Felker, who revolutionized the magazine genre as founding editor of New York, bringing readers a smart, sassy mix of gossip and news that was replicated relentlessly across the country, died Tuesday.
Florida Attorney General Bill McCollum on Monday said his office has filed a lawsuit against Countrywide Financial Corp., accusing it of deceptive and unfair trade practices.
Bank of America Corp. has completed its acquisition of California mortgage lender Countrywide Financial Corp. The deal makes Charlotte-based BofA the country's largest mortgage lender. (BAC)
Specialty metals firm United Performance Metals, said Tuesday it opened a 14,000-square-foot warehouse in Santa Fe Springs to serve its West Coast customers.
Tenet Healthcare Corp. said it has completed the sale of two acute care hospitals in California to Prime Healthcare Management Inc. for $41 million. (THC)
At the mid-year point, the S&P 500 is down 13% while The Hollywood Reporter Showbiz 50 is down 15%. And investors trying to hide in new media saw no relief.
It was a tough first half of the year for big media and entertainment stocks as economic sluggishness, company-specific concerns and broader market declines -- particularly pronounced in June -- dragged down shares of all sector giants.
It was a tough first half for big media and entertainment stocks, with all conglomerates except for Viacom hitting 52-week lows during the first quarter.
Media buying giant ZenithOptimedia on Monday reduced its 2008 advertising spending forecast for North America and Western Europe, citing the continued fallout from credit crunch and economic sluggishness.
Walt Disney World will close its six nightclubs at Pleasure Island Sept. 27 and remake the 120-acre complex into a more family-friendly entertainment district.
Wachovia Corp. is making changes to its controversial "pick-a-payment" mortgage loans and eliminating loans that can lead to higher loan balances over time for borrowers. (WB)
