Blockbuster to offer movies on some Motorola cell phonesAugust 18th, 2009 Blockbuster to offer movies on Motorola phonesNEW YORK — Blockbuster Inc. plans to offer movies that can be watched on Motorola Inc.
Blockbuster 2nd-qtr loss narrows but misses analyst expectationsAugust 14th, 2009 Blockbuster 2Q loss narrows but misses Street viewSAN FRANCISCO — Blockbuster Inc. said Thursday its second-quarter loss narrowed as the struggling video rental chain cut costs amid declines in revenue.
IMAX expects gross proceeds of $50M from stock offering, to use funds to repay debtAugust 12th, 2009 IMAX expects $50 million from stock offeringNEW YORK — IMAX Corp., maker of large-screen movie-theater technology, said Tuesday it expects gross proceeds of about $50 million from its public offering of just under 5.9 million common shares. The company offered the shares at $8.50 apiece.
Lions Gate signs 5-year distribution deal with $1 DVD rental outfit RedboxAugust 12th, 2009 Lions Gate cuts deal to supply DVDs to RedboxLOS ANGELES — Lions Gate Entertainment Corp. became the latest movie studio to agree to supply $1-per-night DVD rental kiosk company Redbox, but the move still leaves Hollywood divided over the cheap rental service.
Best Buy Web site offers $1,800 TV for $9.99 online by accident, says it won't honor priceAugust 12th, 2009 Best Buy $9.99 TV offer was too good to be trueNEW YORK — Few if any of the deals retailers have offered online during the recession have been as good as Best Buy Inc.'s sale price of $9.99 on a 52-inch TV Wednesday. But it quickly turned out the offer was too good to be true.
McDonald's, Dynegy, Merck, Dish Network, Barnes & Noble are among big market movers MondayAugust 11th, 2009 McDonald's, Dynegy, Merck are big moversNEW YORK —The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:
NYSE:
McDonald's Corp., up $1.07 at $56.27
Same-store sales climbed 4.3 percent in July, as the hamburger chain benefited from budget-conscious consumers and wide promotion of new coffee drinks. Dynegy Inc., up 30 cents to $2.23
The power provider will sell eight plants and another under development for $1 billion in cash and $500 million in stock, while its second-quarter loss widened.
News Corp. COO says $1-per-night Redbox DVD rentals are 'grossly undervaluing' a movie's worthAugust 6th, 2009 On the Call: News Corp. COO Chase CareyOne of the bright spots of News Corp.'s fiscal fourth-quarter earnings results Wednesday was its movie studio segment, which saw revenue rise 13 percent to $1.72 billion despite a profit dip because of some expensive productions.
Shares of Barnes & Noble fall, analysts tepid on new e-bookstoreJuly 21st, 2009 Analysts tepid on Barnes & Noble e-bookstorePORTLAND, Ore. — Shares in Barnes & Noble Inc.
U2 pledge £4M for next generation of Irish musiciansJuly 21st, 2009 LONDON - Irish rockers U2 have promised to help the next generation of musicians in their homeland with more than 4million pounds. They said that they were planning to jointly fund a scheme that offers Irish youngsters the chance to learn an instrument or have vocal tuition.
Jackson sells 1.1 million albums in past week, 2.3 million since his death three weeks agoJuly 15th, 2009 Jackson still king of album chartsNEW YORK — Michael Jackson has sold 2.3 million CDs since he died three weeks ago. Grieving fans and those just wanting to hear his music again have snapped up his albums, including "Thriller" and "Number Ones" — his greatest-hits collection.
Blockbuster hoping to close Netflix gap by piping video rentals on Internet to Samsung TVsJuly 14th, 2009 Blockbuster to stream video rentals on Samsung TVsSAN FRANCISCO — Having been a step behind in the race to pipe entertainment from the Internet to TV screens, struggling video rental-chain Blockbuster Inc. is counting on a new partnership with Samsung Electronics America Inc.
'The Life Of Brian' named most controversial film of all timeJuly 10th, 2009 LONDON - Movie lovers have voted Monty Python's 'The Life Of Brian' as the most controversial film of all time. The spoof about Jesus, released in 1979, had been banned in Norway, Ireland, and some UK towns.
Diminishing returns: DVD vending machine leader Redbox looms as budget alternative to NetflixJune 20th, 2009 Redbox's machines take on Netflix's red envelopesBELLEVUE, Wash. — With more subscribers than ever flocking to its DVD-by-mail service, Netflix Inc.
Vision D'Etat wins for France at Royal Ascot in close finish in Prince of Wales's StakesJune 17th, 2009 Vision D'Etat wins for France at Royal AscotASCOT, England — Vision D'Etat has won the Prince of Wales's Stakes by a half length at Royal Ascot. The 4-year-old colt from France made a powerful run from last to first in the final eighth-mile and then held off 6-4 favorite Tartan Bearer for the victory.
Lackluster Blockbuster will try to regain investor confidence with first-quarter resultsMay 12th, 2009 Blockbuster hoping to ease worries with 1Q resultsSAN FRANCISCO — The struggling video rental chain Blockbuster Inc. is scheduled to report its first-quarter results after the stock market closes Thursday.
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