While parent company CBS ended 2009 with a modest 1% dip in sales, the same could not be said for its book publishing arm Simon & Schuster. For the fourth quarter ending Dec. 31, S&S reported sales of $220 million, a 10% drop (or $25 million) from the previous year, and profits of $13.6 million, more than half as much ($28.5 million) the company earned in 2008.
Continue reading No Happy Ending to 2009 for Book Publisher Simon & Schuster
No Happy Ending to 2009 for Book Publisher Simon & Schuster originally appeared on DailyFinance on Thu, 18 Feb 2010 21:00:00.
Filed Under:
Company News,
Media
After hinting it wasn't going to allow The National Enquirer to compete, the body that oversees the Pulitzer Prizes -- journalism's Oscars -- has reversed course and decided to accept the tabloid's submissions. This isn't going to please a lot of old-school journalism grandees, but it was the intellectually honest thing to do.
Continue reading Give The National Enquirer a Pulitzer Prize? Why Not?
Give The National Enquirer a Pulitzer Prize? Why Not? originally appeared on DailyFinance on Thu, 18 Feb 2010 20:10:00.
Filed Under:
Media
Wharton professor Karl Ulrich's Innovation Tournament in San Francisco recently pitted business-school students in a grueling round of idea-generation for developing web sites. Welcome to the room where ambition and the promise of venture capital meets head-on with the Darwinator.
Continue reading San Francisco's Tournament of Business-School Brilliance
San Francisco's Tournament of Business-School Brilliance originally appeared on DailyFinance on Thu, 18 Feb 2010 20:00:00.
Filed Under:
Technology,
Columns
Tech giant Dell reported a 5% decrease in quarterly earnings Thursday even as sales grew 11%, slightly topping Wall Street expectations. But the results failed to impress investors, who sent Dell shares down over 5% in after-hours trading.
Continue reading Dell Profit Falls 5%, and So Does Its Stock
Dell Profit Falls 5%, and So Does Its Stock originally appeared on DailyFinance on Thu, 18 Feb 2010 18:00:00.
Filed Under:
Technology,
Earnings,
Dell
The Fed is raising the discount rate it charges on loans to banks. The dollar jumped, and the euro hit a nine-month low on the move, which market participants interpret as signaling the beginning of the end of the central bank's extraordinary stimulus measures.
Continue reading The Fed Raises Its Discount Rate in a First Tightening Move
The Fed Raises Its Discount Rate in a First Tightening Move originally appeared on DailyFinance on Thu, 18 Feb 2010 17:30:00.
Filed Under:
Economy
Profits for the 10 largest U.S. insurance companies jumped 250% between 2000 and 2009, while millions of Americans have lost coverage, a report released Thursday said. The report found that the five biggest insurance companies saw their profits increase 56% in 2009 alone.
Continue reading Health Insurer Profits Jumped 250% in Last Decade
Health Insurer Profits Jumped 250% in Last Decade originally appeared on DailyFinance on Thu, 18 Feb 2010 17:10:00.
credit info, repo info
| 
aet, ci, health insurance, health reform, hum, insurance premiums, Obama Administration, unh, Wellpoint, wlp, wlp, ci, unh, aet, hum
MGM Mirage says the worst of the downturn may be over, with higher convention bookings and good Super Bowl occupancy softening its fourth quarter loss. Investors, though, remain skeptical, and share prices fell Thursday.
Continue reading MGM Mirage Places Odds on Uptick, But Investors Don't Ante Up
MGM Mirage Places Odds on Uptick, But Investors Don't Ante Up originally appeared on DailyFinance on Thu, 18 Feb 2010 16:40:00.
Filed Under:
Company News,
Earnings,
Real Estate
With the Dow now up nearly 500 points from its 2010 low, the question on every trader's mind is whether the market's flirtation with a full-blown correction has finally been broken. Unfortunately for them, the signals are decidedly mixed.
Continue reading With Dow Firmly Above 10,000, Has the Selling Finally Stopped?
With Dow Firmly Above 10,000, Has the Selling Finally Stopped? originally appeared on DailyFinance on Thu, 18 Feb 2010 16:30:00.
Filed Under:
Investing
The suicide pilot suspected of attacking an Internal Revenue Service office in Austin, Texas ranted against the federal tax agency in an online posting before he allegedly flew his small plane into the building, killing himself and injuring two others.
Continue reading Austin Suicide Pilot Hated the IRS Before Attack
Austin Suicide Pilot Hated the IRS Before Attack originally appeared on DailyFinance on Thu, 18 Feb 2010 16:15:00.
Filed Under:
Economy,
People,
Taxes
Consumers making assumptions about similarly named over-the-counter drugs with very different active ingredients have led the the FDA to issue a warning: Make sure you're grabbing the right Maalox.
Continue reading Maalox Mix-up: FDA Warns of Dangers From Picking Wrong Variety
Maalox Mix-up: FDA Warns of Dangers From Picking Wrong Variety originally appeared on DailyFinance on Thu, 18 Feb 2010 16:12:00.
Filed Under:
Company News,
Healthcare,
Novartis
Comments (0) 
