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Media

News Corp., Dow Jones Ease Closer to Deal

June 27, 2007 · Dow Jones, owner of The Wall Street Journal, has reached an agreement in principle with Rupert Murdoch to protect the editorial independence of the business newspaper. The deal may clear Murdoch's final obstacle in his quest to buy the company for $5 billion.

 

Designer Liz Claiborne Dead at 78

Her styles became a cornerstone of career women's wardrobes in the 1970s and 1980s.

iPhone Review: 'Flawed, But Absolutely Beautiful'

David Pogue has played with Apple's much-anticipated multimedia phone. He shares his impressions.

 
 
 
 
 

Technology

Seven Things to Consider Before Buying an iPhone

June 27, 2007 · Apple's iPhone isn't even for sale yet, but already, consumers are lining up to purchase the gadget. But do you really need the iPhone? Here are seven factors to consider before you buy.

 

SEC Probes Collateralized Loans

June 27, 2007 · The Securities and Exchange Commission is investigating one of Wall Street's latest investment trends. They're complex debt instruments called collateralized loan obligations, or CLOs. They are used to channel capital to businesses and other borrowers. Some analysts are worried that the spread of CLOs could put the economy at risk.

 

Economy

Blackstone Shares Slip Below Offer Price

June 27, 2007 · Private-equity firm Blackstone Group went public on Friday. It was one of Wall Street's most anticipated offerings in years. But when trading finished Tuesday, the share price had slipped lower than its initial price of $31. That has some people wondering about the buyout boom, partly because of a bill in Congress that could more than double the taxes that firms like Blackstone pay.

 

Nation

Recall of Chinese-Made Tires Faces Complications

June 27, 2007 · The U.S. government has recalled Chinese-made tires for light trucks and vans sold under the brand names Westlake, Telluride, Compass and YKS. But the Chinese manufacturer denies that the tires are defective, and it's unclear who is liable.

 

Analysis

Chinese Firms Accused of Dashing Safety Rules

June 27, 2007 · Defective tires are the latest product manufactured in China to have trouble with regulators. John Frisbie, president of the U.S.-China Business Council, says Chinese companies are not adhering to international safety standards. Frisbie talks about whether recent bad news has changed American business interests in China with Steve Inkseep.

 

Technology

iPhone Frenzy Starts Early in Manhattan

June 26, 2007 · Apple's latest gadget, the iPhone, doesn't hit store shelves until late June 29. But prospective iPhone owners are already lining up in front of the Apple store in downtown Manhattan — a full three days in advance.

 

Nation

Tires Are Latest Chinese Recall in U.S.

June 26, 2007 · Another Chinese product in the U.S. is under scrutiny. Federal officials ordered a recall of 450,000 Chinese-made tires. New York Times reporter David Barboza was held in a toy factory last week while covering the Thomas the Tank Engine recall.

 

Media

Murdoch, Dow Jones Make Preliminary Deal on WSJ

June 26, 2007 · Rupert Murdoch has moved closer to owning Dow Jones & Co. as an initial agreement was reached Tuesday on measures to ensure the editorial independence of The Wall Street Journal.

 

Technology

Do Cell Phone Users Really Want Myriad Features?

June 26, 2007 · The Apple iPhone is also a camera, an MP3 player, a Web browser — and it has a touch-screen keypad. Competitors are promoting phones by highlighting the features of their cell phones that the iPhone lacks. How much is too much?

 

'Marketplace' Report: Another Real-Estate Drop

June 26, 2007 · The Commerce Department says that sales of new homes declined last month; and data released Monday shows that sales of existing homes are at the lowest level in four years.

 

Tires Join List of Chinese Imports Set for Recall

June 26, 2007 · Tires imported from China have been deemed defective, joining the list of pet food, toothpaste, and toys coated with lead paint. Federal officials have told a New Jersey importer to recall 450,000 radial tires for pickup trucks, SUVs and vans. Foreign Tire Sales disclosed that its Chinese manufacturer had stopped including a feature to prevent tires from separating.

 

Media

Internet Radio Silently Protests Royalties

June 26, 2007 · Fans of radio played over the Internet will be tuning in to nothing. That's because many Webcasters are participating in A National Day of Silence. It's a protest against what Webcasters call excessive royalties on the music they stream.

 
 
 

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Marketplace Reports

BUSINESS

Flight Delays Are Up

Only 72 percent of flights on major U.S. carriers were on time between January and April this year.

 
BUSINESS

World's Cheapest Car

An Indian carmaker announces plans to market the world's least expensive car.

 
BUSINESS

Student Loan Scandal

College financial aid officers agree to crack down on lender kickbacks and submit to monitoring.

 
 
 

Color of Money

Investors Beware: The Latest Scams

Investors Beware: The Latest Scams

An investment industry trade group has released its list of top 10 scams to watch out for.

 
 
 

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