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Sep 14, 2012

Wall Street scams get personal in Richard Gere’s ‘Arbitrage’

LOS ANGELES, Sept 14 (Reuters) – In the new film drama
“Arbitrage,” Richard Gere brings shady Wall Street dealings to
the big screen as a hedge fund titan trying to cover up huge
losses from a risky copper investment.

The scheming recalls real-life scandals and high-flying
bankers who made headlines and brought populist scorn to Wall
Street during the recent financial crisis. While the public may
be hungry to watch the downfall of a greedy banker, Gere’s
character in the movie that opens in U.S. theaters on Friday
isn’t an all-around bad guy.

Sep 12, 2012

Clock runs down for Lakers’ TV carriage deals

LOS ANGELES, Sept 12 (Reuters) – Time Warner Cable Inc
, which outbid Fox Sports for the local rights to air Los
Angeles Lakers games, faces the prospect of an opening tip off
on Oct. 7 without deals to reach fans of the NBA team in more
than half of the area’s homes.

So far, the only fans able to watch local broadcasts of new
Lakers stars Dwight Howard and Steve Nash will be the 2 million
who subscribe to Time Warner Cable. None of the area’s other
half-dozen pay TV providers agreed to carry the new Time Warner
Cable SportsNet or its Spanish-language sister, Time Warner
Cable Deportes.

Sep 12, 2012

Clock runs down for Lakers’ TV home to make carriage deals

LOS ANGELES (Reuters) – Time Warner Cable Inc, which outbid Fox Sports for the local rights to air Los Angeles Lakers games, faces the prospect of an opening tip off on October 7 without deals to reach fans of the NBA team in more than half of the area’s homes.

So far, the only fans able to watch local broadcasts of new Lakers stars Dwight Howard and Steve Nash will be the 2 million who subscribe to Time Warner Cable. None of the area’s other half-dozen pay TV providers agreed to carry the new Time Warner Cable SportsNet or its Spanish-language sister, Time Warner Cable Deportes.

Sep 9, 2012

Movies suffer worst box-office slump in a decade

LOS ANGELES, Sept 9 (Reuters) – The North American box
office hit a slump at the weekend, with top earner “The
Possession” taking in less than $10 million and what could be
the gloomiest overall haul since the aftermath of the Sept. 11,
2001, attacks on New York and Washington.

With only a couple of new releases to tempt movie fans,
horror movie “The Possession” pulled in an estimated $9.5
million in the United States and Canada.

Sep 9, 2012

“Possession” keeps top spot as box office slumps

LOS ANGELES (Reuters) – Horror movie “The Possession” held its grip on the box office for a second week, but North American ticket sales slumped in the worst movie-going weekend for at least four years.

With only a handful of new releases to tempt movie fans, “The Possession” pulled in just $9.5 million in the United States and Canada. The top 12 films grossed an estimated $52 million in total – a 40 percent drop from last week and about 20 percent down on the same weekend in 2011.

Sep 7, 2012

Amazon takes on Apple with larger, cheaper Kindle Fires

SANTA MONICA, California (Reuters) – Amazon.com Inc unveiled larger Kindle Fire tablets on Thursday, challenging Apple Inc’s dominant iPad with lower prices and a trove of digital content that Amazon hopes will win it a bigger share of the booming tablet market.

The world’s largest Internet retailer lifted the lid on devices with price tags ranging from $159 to $599. The new tablets come with ads known as “special offers” that appear when screens are locked and in the corner of the home screen, helping Amazon keep prices low.

Sep 6, 2012

Amazon unwraps larger Kindle Fires, takes on Apple

SANTA MONICA, California (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research) showed off larger and higher-resolution Kindle Fires on Thursday, for as much as $499, taking aim at a fast-growing market now dominated by rival Apple Inc (AAPL.O: Quote, Profile, Research).

Chief Executive Jeff Bezos, taking the stage in Santa Monica, California, unveiled an 8.9-inch version called the Kindle Fire HD. The costliest, 4G-ready version will go for $499, while a Wi-Fi version is $299.

Sep 6, 2012

Amazon introduces new Kindle Fire, starts at $159

, Sept 6 (Reuters) – Amazon.com Inc
showed off the first of several Kindle gadgets expected
to be unwrapped on Thursday, a “paperwhite” e-reader with a much
sharper screen and longer battery life.

Chief Executive Jeff Bezos, taking the stage at a launch
event in Santa Monica, California, is expected to unveil later
on Thursday the new Kindle Fire tablet, which takes aim at a
market dominated by Apple Inc.

Sep 6, 2012

Amazon unveils “paperwhite” e-reader, Fire still to come

SANTA MONICA, California (Reuters) – Amazon.com Inc showed off the first of several Kindle gadgets expected to be unwrapped on Thursday, a “paperwhite” e-reader with a much sharper screen and longer battery life.

Chief Executive Jeff Bezos, taking the stage at a launch event in Santa Monica, California, is expected to unveil later on Thursday the new Kindle Fire tablet, which takes aim at a market dominated by Apple Inc.

Aug 2, 2012

CBS profit tops expectations despite ad sales drop

LOS ANGELES (Reuters) – CBS Corp’s (CBS.N: Quote, Profile, Research, Stock Buzz) quarterly profit beat forecasts as the company recorded higher affiliate and subscription revenue at its TV networks and cut costs to offset a dip in advertising sales.

The also company said on Thursday its networks will benefit from demand for political commercials ahead of the November U.S. president election, while its outdoor advertising business will receive a lift from the London Olympics.