Independent News & Media warns it can't pay debt

DUBLIN — Ireland's major newspaper publisher, Independent News & Media, warned Thursday it is likely to default on a euro200 million ($265 million) debt due for repayment next month and is seeking a possible bailout from its top two shareholders.

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Time Warner 1Q profit falls on cable spin

LOS ANGELES — Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent on charges related to its cable unit spin-off. Amid an ad slump, the media conglomerate reaffirmed its guidance on flat profits for the full year. The company also moved further toward shedding the beleaguered Internet unit AOL, while suggesting that its Time Inc. magazine business may go some day.

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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. The report released Thursday was far worse than analysts had anticipated, raising questions about whether the owner of The Miami Herald, The Sacramento Bee and 28 other daily newspapers will be able to generate enough cash to keep its lenders happy through the rest of the year.

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Morgan Stanley, Ford, Yahoo, AirTran big movers

NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Morgan Stanley, down $2.21 at $22.44

The investment bank's $578 million loss disappointed investors and stood in contrast to other big banks' better-than-expected results.

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AMD posts deeper loss, shares fall

SAN FRANCISCO — Advanced Micro Devices Inc.'s loss widened in the first quarter as demand and prices for its microprocessors slumped and charges for the biggest restructuring in the company's 40-year history took their toll. Its shares slipped 5 percent in after-hours trading on disappointing guidance.AMD reported after the market closed Tuesday that it lost $416 million, or 66 cents per share, in the opening three months of the year. It wasn't as bad as Wall Street projected.

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Tech Mahindra deposits $582M for Satyam stake

MUMBAI, India — The new owners of Satyam Computer Services Ltd. made their first visit to the company's Hyderabad headquarters Monday, speaking with employees just hours after depositing $582 million to buy a 51 percent stake in the troubled outsourcing giant.

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IT major Tech Mahindra, which needs to pay Rs.1,756 crore for acquiring 31 percent stake in the troubled IT firm Satyam Computer Services, Saturday said it has raised Rs.600 crore through debt instrument.The government-appointed board of Satyam Monday named Venturbay - a subsidiary of Tech Mahindra - as the winner of the auction to sell a majority stake in the fraud-hit IT giant.Under the share subscription agreement signed by the winning bidder and the board, Tech Mahindra will have to deposit the bid amount in an escrow account by April 21.

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WASHINGTON - In a message that may not be music to Indian outsourcing firms, US President Barack Obama has served notice that he would end the tax breaks for corporations that ship jobs abroad.

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As the world is going cyber every day, managing your finance (or should I say e-money) needs more than your bank accounts, cheque books, bank transaction reports and etc. Why tax your brain so much when there is a mega-flop (no pun intended, its all digital) machine at your home? There are software for almost everything and today I am going to name 25 of them. These free finance support software are not only going to manage your personal finance, but also stock trading, investment analysis and much more. So let's count it right now.

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NEW DELHI - Though the third generation (3G) mobile spectrum auctions may happen anytime soon, the final rollout of services will likely be delayed in the long run. The reason: private telecom operators have not yet placed any orders for new equipment with the vendors.

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