SEC has few options, none good, in BofA case
Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good. Read Full Article here.
Adobe to buy Omniture for $1.8 billion
Adobe Systems Inc plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat looks to turn around declining sales. Read Full Article here.
Lehman: Barclays got $8.2 billion windfall from sale
Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion windfall profit from excess assets it took control of in the fire sale of Lehman's U.S. brokerage business a year ago. Read Full Article here.
Cablevision rolls out interactive ads for viewers
New York cable TV operator Cablevision Systems Corp said on Tuesday it is rolling out a service to enable subscribers to interact with commercials by clicking on their remote controls. Read Full Article here.
Oracle stops making computers with HP
Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc, a rival of HP. Read Full Article here.
Facebook makes money, tops 300 million users
Facebook is making enough money to cover its costs and now has 300 million users, the world's largest social networking site said on Tuesday, proving the Internet's newest star industry can be a viable business. Read Full Article here.
Shanda Games looks to ride industry wave in IPO
Many people outside of China have never played the online video games operated by Shanda Games. But Shanda Interactive Entertainment Ltd, the parent company of Shanda Games, is betting that fact won't hurt investor demand when it begins selling off its stake in its online gaming unit in a Nasdaq-listed initial public offering set to price next week. Read Full Article here.
Blackstone sees real estate opportunities, deals
Private equity giant Blackstone Group is starting to see attractive opportunities in real estate again, after waiting on the sidelines for deals since 2007, its chief operating officer Tony James said on Tuesday. Read Full Article here.
Wall Street Journal to charge mobile readers
The Wall Street Journal soon will begin charging people to read the paper on mobile devices such as their BlackBerrys, the paper's owner Rupert Murdoch said on Tuesday. Read Full Article here.