Retail giant Wal-Mart is wading into the digital content melee by snapping up web-video startup Vudu for a reported $100 million or more. It's the latest evidence that the still-nascent market for on-demand video is starting to heat up.

Continue reading Wal-Mart Jumps Into Online Video with Vudu

Wal-Mart Jumps Into Online Video with Vudu originally appeared on DailyFinance on Mon, 22 Feb 2010 18:15:00.

Nordstrom's fourth-quarter results missed Wall Street's estimates, but the upscale department-store chain isn't likely to get too many complaints since it more than doubled its profits. Management gave a conservative forecast for the year, saying it will pick up the pace of remodeling stores and stock stores carefully.

Continue reading Nordstrom's Profits Double But Miss Estimates

Nordstrom's Profits Double But Miss Estimates originally appeared on DailyFinance on Mon, 22 Feb 2010 18:00:00.

Filed Under: Company News, Earnings, Nordstrom, Retail

The FCC is investigating whether producers for the Fox trivia game show fed answers to young contestants. If so, it would be a near-inevitable consequence of the way televised fiction and nonfiction have melted into each other over the last few years.

Continue reading The New Quiz Show Scandal: FCC Investigates Fox's 'Our Little Genius'

The New Quiz Show Scandal: FCC Investigates Fox's 'Our Little Genius' originally appeared on DailyFinance on Mon, 22 Feb 2010 17:45:00.

Filed Under: Media

Curators at the Norman Rockwell Museum in Massachusetts have long worked to get the artist the respect that largely eluded him during his lifetime. Finally, prices for his artwork are escalating, but now the museum can no longer afford to buy.

Continue reading Norman Rockwell Art Rises in Value, and His Museum Gets Priced Out

Norman Rockwell Art Rises in Value, and His Museum Gets Priced Out originally appeared on DailyFinance on Mon, 22 Feb 2010 17:06:00.

Filed Under: Economy, Media

As the U.S. slowly gets its high-speed rail program going, China is moving full speed ahead with its much larger system. Although some critics see this as a technical and social failure, America's greater wealth and political freedom may be why high-speed rail is so hard to build in the U.S.

Continue reading China's Trains Are Better Than America's, and That's a Good Thing

China's Trains Are Better Than America's, and That's a Good Thing originally appeared on DailyFinance on Mon, 22 Feb 2010 16:55:00.

Filed Under: Technology, Economy

One late payment can knock off 100 points or more from a credit score, but most people don't know that closing an old credit line can do just as much damage.

Hedge-fund manager John Paulson has completed a restructuring plan to save the troubled publisher Houghton Mifflin Harcourt from the billions of dollars of debt acrrued by its parent company, Education Media and Publishing Group.

Continue reading John Paulson Helps With Restructuring of Houghton Mifflin Harcourt

John Paulson Helps With Restructuring of Houghton Mifflin Harcourt originally appeared on DailyFinance on Mon, 22 Feb 2010 15:16:00.

Filed Under: Company News, Media, Books

After a two-year investigation, Democrat Max Baucus and Republican Chuck Grassley have issued a detailed report questioning the safety of GlaxoSmithKline's Diabetes Drug Avandia, renewing concerns that it increases the risk of heart attack.

Continue reading Now, Two Senators Want GSK's Avandia Pulled from the Market

Now, Two Senators Want GSK's Avandia Pulled from the Market originally appeared on DailyFinance on Mon, 22 Feb 2010 15:10:00.

Filed Under: Company News, Healthcare, GlaxoSmithKline

Evidence provided by New York Attorney General Andrew Cuomo did not directly contradict the SEC's version of events regarding its settlement with Bank of America, compelling Judge Jed Rakoff to approve the deal between the bank and the regulator.

Continue reading Latest Legal News: Judge Unconvinced by Cuomo's Evidence in BofA-SEC Case

Latest Legal News: Judge Unconvinced by Cuomo's Evidence in BofA-SEC Case originally appeared on DailyFinance on Mon, 22 Feb 2010 14:30:00.

Filed Under: Company News, Bank of America

Sears Holdings plans to close down eight Sears stores and 13 Kmarts in April and May, laying off nearly 1,000 employees, according to news reports. Sears and Kmart have been suffering from low sales, even while they still have a number of brands that are popular with shoppers.

Continue reading Sears and Kmart to Close Some Stores This Spring

Sears and Kmart to Close Some Stores This Spring originally appeared on DailyFinance on Mon, 22 Feb 2010 13:45:00.

Filed Under: Company News, JC Penney, Sears Holdings Corp., Wal-Mart Stores, Target Corp., Retail