8.86%C 6.45 22.20%F 2.55 5.20%
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NEW YORK - Shares of most major media companies gained Wednesday morning after a Labor Department report on consumer prices alleviated some concerns about inflation.
The report showed that consumer prices advanced 0.2 percent in April after rising 0.3 percent in March. On a gloomier note, the data showed the largest jump in food price in 18 years.
A look at how shares of some major media companies were performing Wednesday morning:
Gannett Co., up 20 cents to $30.84.
Time Warner Inc., up 18 cents to $16.29.
New York Times Co., up 25 cents to $19.58.
Walt Disney Co., up 46 cents to $34.79.
Bucking the trend, News Corp. shares dipped 3 cents to $19.78.
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
African Eagle Resources has raised its stake in the Mokambo joint venture to 87% and says 2008 drill results were "promising".
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