Fairpoint Communications posts 2nd-quarter loss on hefty debt swap charges, lower salesAugust 6th, 2009 Fairpoint Communications posts 2Q loss of $17.8MCHARLOTTE, N.C. — FairPoint Communications Inc.
Microsoft files plan for three-part debt offering with SEC; board had authorized up to $6BMay 11th, 2009 Microsoft moves forward in first debt offeringSEATTLE — Microsoft Corp.'s plan to raise debt for the first time in its 36-year history moved forward Monday, according to preliminary documents filed with regulators. The world's largest software maker said in a Securities and Exchange Commission filing that it plans to offer five, 10 and 30-year notes at some point this month.
Microsoft prices $3.75 billion debt offering; board had authorized up to $6 billion saleMay 12th, 2009 Microsoft to raise $3.75B in first debt offeringSEATTLE — Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world's largest software maker.
FairPoint Communications voluntarily files for Ch. 11 bankruptcy protectionOctober 26th, 2009 FairPoint voluntarily files for Ch. 11 protectionCHARLOTTE, N.C.
McClatchy suffers 1Q loss of $37.5 million as ad revenue wilts, raising more analyst concernsApril 23rd, 2009 McClatchy 1Q loss widens amid advertising meltdown
SAN JOSE, Calif. — The McClatchy Co.'s losses widened in the first quarter amid an advertising meltdown that is increasing pressure on the publisher to meet commitments to lenders.
Windstream to buy phone company NuVox for $643 million in cash and stockNovember 3rd, 2009 Windstream to buy NuVox for $643 millionLITTLE ROCK, Ark. — Phone company Windstream Corp.
JDA Software to buy rival i2 Technologies in $434.4M in cash and stockNovember 5th, 2009 JDA Software to buy i2 for about $434 millionNEW YORK — JDA Software Group Inc., which makes inventory management software for retailers, said Thursday it has agreed to buy rival i2 Technologies Inc. for about $434 million.
Stock futures signal lower open following modest losses overseas, investors await Fed meetingSeptember 21st, 2009 US stocks look to fall at open after run-upNEW YORK — U.S. stock futures are signaling a lower opening Monday on Wall Street as markets around the globe fell, pausing from a recent surge.
Billionaire investor Carl Icahn offers CIT Group $6B lifeline as it faces potential collapseOctober 19th, 2009 Icahn offers CIT Group $6 billion loanNEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline.
Stocks fall, pausing from recent surge following modest losses overseas, ahead of dataSeptember 21st, 2009 Stocks follow overseas markets lower after run-upNEW YORK — Stocks are following overseas markets lower, pausing from a recent surge. News of Dell Inc.'s plans to buy information technology company Perot Systems Corp.
Facebook brought in more money than it spent in previous quarter, ahead of 2010 goalSeptember 15th, 2009 Facebook says it's bringing in more than it spendsSAN FRANCISCO — Facebook says it is now bringing in more money than it is spending. The social networking site had previously said it expected to achieve this goal sometime next year.
CIT Group, Pier 1, Johnson & Johnson, Goldman Sachs are among big market movers TuesdayOctober 13th, 2009 CIT Group, Pier 1, Johnson & Johnson big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
CIT Group Inc., down 12 cents at 92 cents
CEO Jeffrey Peek will resign as the troubled commercial lender restructures its debt, seeking to avoid a bankruptcy filing. Pier One Inc., up 44 cents at $4.85
The furniture retailer's key sales figure for September rose 9.9 percent as customer traffic improved and markdowns dropped.
Many line for broadband stimulus funds: $28B requested vs. $4B availableAugust 27th, 2009 Many interested in broadband stimulus fundsWASHINGTON — "Cash for Clunkers" isn't the only economic stimulus program to attract a lot of takers. The federal government said Thursday it had received requests for a total of $28 billion from groups that want to expand high-speed Internet service in the U.S.
Ballmer Says Tax breaks Would Move Microsoft Jobs Away From USJune 4th, 2009 Microsoft Corp. CEO, Steven Ballmer made it clear that they would move some employees offshore, if President elect Barack Obama plans to imposes higher taxes on U.S.
Depreciating rupee forces Infosys to slash hedging amountJanuary 12th, 2009 BANGALORE - A depreciating rupee has forced IT bellwether Infosys Technologies Limited to reduce its exposure to hedging in the currency market to $576 million from $932 million for the next two quarters, a senior executive said Tuesday. 'We have brought down our hedging amount in the forex market to $576 million to minimise the risk of currency rate volatility for the next two quarters (January-June) of 2009,' Infosys chief financial officer V.
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