International Business News - BBI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Stocks drop after new record for oil prices NEW YORK (AP)--Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. http://www.ibtimes.com/articles/20080702/business-highlights.htm Wed, 02 Jul 2008 18:44:20 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080702/unitedhealth-starbucks-apollo-among-big-movers.htm Wed, 02 Jul 2008 17:04:21 EDT Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future. http://www.ibtimes.com/articles/20080702/circuit-city-shares-fall-as-blockbuster-yanks-bid.htm Wed, 02 Jul 2008 18:55:27 EDT Shares of Blockbuster Inc. and Circuit City Stores Inc. headed in opposite directions at market open Wednesday after the movie rental chain ended its bid to buy the big-box electronics retailer. http://www.ibtimes.com/articles/20080702/out-of-the-gate-blockbuster-jumps-on-buyouts-end.htm Wed, 02 Jul 2008 10:00:56 EDT Investors responded positively to a report that Microsoft Corp. has not yet given up its bid to buy Yahoo Inc.'s search engine business, sending shares of the Internet pioneer higher in premarket trading Wednesday. http://www.ibtimes.com/articles/20080702/premarket-movers-yahoo-apollo-rise-gm-falls.htm Wed, 02 Jul 2008 09:15:23 EDT Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash. http://www.ibtimes.com/articles/20080702/wall-street-heads-to-higher-open.htm Wed, 02 Jul 2008 18:25:00 EDT Blockbuster Inc. said Tuesday it is withdrawing its proposal to buy Circuit City Stores Inc., the big-box electronics retailer whose sales have tumbled this year. http://www.ibtimes.com/articles/20080701/blockbuster-withdraws-plan-to-acquire-circuit-city.htm Tue, 01 Jul 2008 21:34:12 EDT Filling the gas tank is a higher priority than buying a flat-panel television, which is bad news for electronics retailers. Slowing demand and overproduction could result in lower prices in time for the crucial winter holiday shopping season, says Deutsche Bank Securities analyst Mike Baker. Flat panel TVs represent about 15 percent of Best Buy's sales. Average prices are expected to dip to $950 in the fourth quarter from $1,091 the year earlier, says Riddhi Patel, analyst with market research group iSuppli. http://www.ibtimes.com/articles/20080627/spotlight-television-prices.htm Fri, 27 Jun 2008 07:03:35 EDT Standard & Poor's CapitalIQ tracks deal spreads, or the difference between the offer price and the deal's current value. CapitalIQ reports that in June the following five buyouts had the highest spreads, as of June 4. http://www.ibtimes.com/articles/20080626/deltas-northwest-buyout-leads-deal-spreads-list.htm Thu, 26 Jun 2008 14:31:21 EDT Circuit City Stores Inc. stayed mum on Tuesday about whether a buyout is in the future for the consumer electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. http://www.ibtimes.com/articles/20080624/circuit-city-defends-turnaround-efforts.htm Tue, 24 Jun 2008 16:25:19 EDT Shares of Circuit City Stores Inc. tumbled more than 21 percent Monday to a 52-week low a day ahead of the consumer electronics retailer's annual shareholders meeting. http://www.ibtimes.com/articles/20080623/circuit-city-shares-off-before-shareholder-meeting.htm Mon, 23 Jun 2008 17:20:18 EDT Shares of Circuit City Stores Inc. dropped nearly 17 percent on Monday, a day before the consumer electronics retailer's annual shareholder meeting. Shares fell 69 cents, or 16.1 percent, to $3.60 in midday trading, after earlier changing hands as low as $3.46. The stock has traded between $3.44 and $16.15 during the past 52 weeks. http://www.ibtimes.com/articles/20080623/circuit-city-falls-ahead-of-shareholder-meeting.htm Mon, 23 Jun 2008 11:53:09 EDT Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday. http://www.ibtimes.com/data/articleimgs/77186-earns-circuit-city.jpg http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm http://www.ibtimes.com/articles/20080622/circuit-city-annual-meeting-comes-amid-buyout-talk.htm Sun, 22 Jun 2008 17:23:44 EDT Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of a more than 11 percent drop in sales at established stores. The nation's second largest electronics retailer also said it expects a bigger loss in the second quarter than analysts are expecting and said it is suspending its dividend to keep capital available for its turnaround efforts. http://www.ibtimes.com/data/articleimgs/75372-earns-circuit-city.jpg http://www.ibtimes.com/articles/20080619/circuit-city-1q-loss-widens.htm http://www.ibtimes.com/articles/20080619/circuit-city-1q-loss-widens.htm Thu, 19 Jun 2008 16:50:24 EDT Circuit City Stores Inc. reports earnings for the fiscal first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080617/earnings-preview-circuit-city-stores.htm Tue, 17 Jun 2008 15:48:03 EDT Sen. Jon Kyl, R-Ariz., Republican Whip. Earned income: $165,200 http://www.ibtimes.com/articles/20080613/summaries-of-senate-financial-disclosure-forms.htm Fri, 13 Jun 2008 17:54:13 EDT Antagonistic investor Carl Icahn became a billionaire by bullying already distressed companies, but his harassment of Yahoo Inc. could leave him with a black eye--and a hole in his wallet--if he's wrong about Microsoft Corp.'s desire to buy the Internet pioneer. http://www.ibtimes.com/data/articleimgs/66807-icahn-yahoo.jpg http://www.ibtimes.com/articles/20080609/icahns-big-bet-on-yahoo-hinges-on-microsoft-sale.htm http://www.ibtimes.com/articles/20080609/icahns-big-bet-on-yahoo-hinges-on-microsoft-sale.htm Mon, 09 Jun 2008 08:11:45 EDT Antagonistic investor Carl Icahn became a billionaire by bullying already distressed companies, but his harassment of Yahoo Inc. could leave him with a black eye--and a hole in his wallet--if he's wrong about Microsoft Corp.'s desire to buy the Internet pioneer. http://www.ibtimes.com/articles/20080608/icahns-big-bet-on-yahoo-hinges-on-microsoft-sale.htm Sun, 08 Jun 2008 14:42:34 EDT Circuit City Stores Inc. chief executive, Philip J. Schoonover, received compensation in fiscal 2008 valued by the company at about $2.1 million, far less than the $17.1 million he earned in the prior year. http://www.ibtimes.com/articles/20080530/circuit-city-ceo-receives-2-1m-in-fiscal-2008.htm Fri, 30 May 2008 09:56:18 EDT Among the stock activity stories for Thursday, May 29, from AP Financial News: NEW YORK (AP)--Netflix Inc.'s stock slipped Thursday as an analyst downgraded the online movie rental service provider, saying it may soon face increased competition from rival Blockbuster Inc. http://www.ibtimes.com/articles/20080529/movers-roundup-netflix-jo-ann-stores.htm Thu, 29 May 2008 14:29:57 EDT