CBS chief dismisses Time Warner Cable offer as empty PR
(Reuters) – CBS Corp on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout of the TV network in major cities in a dispute over fees and dismissed it as a “public relations gesture.”
Disney projects up to $190 million ‘Lone Ranger’ loss
LOS ANGELES (Reuters) – Walt Disney Co expects to lose between $160 million and $190 million on its expensive summer movie bomb “The Lone Ranger,” the media giant said on Tuesday as it reported a small gain in quarterly profit that beat Wall Street for…
Exclusive: Chesapeake drops energy leases in fracking-shy New York
NEW YORK (Reuters) – Chesapeake Energy has given up a two-year legal fight to retain thousands of acres of natural gas drilling leases in New York state, landowner and legal sources told Reuters.
Disney projects up to $190 million ‘Lone Ranger’ loss
LOS ANGELES (Reuters) – Walt Disney Co expects to lose between $160 million and $190 million on its expensive summer movie bomb “The Lone Ranger,” the media giant said on Tuesday as it reported a small gain in quarterly profit that beat Wall Street for…
U.S. regulator probing E*Trade’s customer order-routing practices
NEW YORK (Reuters) – The Financial Industry Regulatory Authority is examining the way E*Trade Securities prices and sends customer stock orders to an affiliate, E*Trade said in a quarterly regulatory filing on Tuesday.
U.S. accuses Bank of America of mortgage-backed securities fraud
WASHINGTON/NEW YORK (Reuters) – The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.
U.S. judge says SEC can pursue Bitcoin-related lawsuit
(Reuters) – U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man accused of running a Ponzi scheme using Bitcoin, the virtual online money system.
Tax rules could force Bezos to play active role at Washington Post
WASHINGTON (Reuters) – If tax considerations played a role in Jeff Bezos’ $250 million purchase of The Washington Post, he may need to reconsider his hands-off approach if he hopes to offset gains from other ventures with losses at the newspaper.
Mead Johnson settles with China over baby formula probe
(Reuters) – Mead Johnson Nutrition Co said on Tuesday it would pay a penalty of about $33 million related to a probe by China into possible price fixing and anti-competitive practices by foreign baby formula makers.
Falcone’s Harbinger sues Dish Network’s Ergen over LightSquared
(Reuters) – Phil Falcone’s hedge fund sued satellite TV mogul Charlie Ergen and his Dish Network Corp for $4 billion on Tuesday for an alleged loan-trading scheme aimed at stripping Falcone of his control over LightSquared Inc, a bankrupt wireless comm…
