Events Calendar
In This Section
Energy upgrades for Summit, Stark
Wholesale inventories cut 0.8 percent in December
Toyota recalls 437,000 Priuses, hybrids globally
Phones can be used to redeem Target cards
Arby's needs to refurbish aging outlets, analysts say
Debt fears drag Dow to below 10,000
Most Read Stories
Another winter punch heading toward Ohio
Complaints against officer keep coming
Woman rescued after falling through rotting floor in house
Police say couple had 50 stolen hubcaps
Strip club hosts 'Lap dances for Haiti'
Teen driver crashes into Bath Twp. home
Police: Ohio girl dies after fall into snow bank
Blogs:
First Bell - On Education:
State auditor cites Highland Athletic Booster Club
Pets:
Pet telethon re-airs
The Heldenfiles:
NBC Releases Olympics Announcer List
Akron Zips:
Zips favored on road against MAC West leader
Tribe Matters:
Blogmail response on Hafner
Cleveland Browns:
Stallworth's contract terminated
Balanced Ledger:
QB in Browns future: another mock draft
Kent State Sports:
KSU Notes – February 9
Cleveland Cavaliers:
New York Media Begins to Acknowledge Reality?
Buckeye Blogging:
Buckeyes grab 18 players on signing day
Varsity Letters:
Five local gridders to play in Big33
All Da King's Men:
Palin At The Tea Party Convention
Blog of Mass Destruction:
Republican Pre-Conditions
Akron Law Café:
Law, Love and Chocolate
Car Chase:
Collector Car Hobby Loses One of the Best—Jim Roll
Let's Talk Real Estate:
Decisions Decisions: Credit Cards or Your Mortgage?
Ohio Travels with Betty:
Loucile is looking for a Lake Erie getaway in June for three kids, ages 1, 3, and 5.
Sound Check:
Talk of the Town – Top entertainment picks for the weekend
HRLite House:
OFCCP Report
Akron Gamer:
Makers of 'Castle Crashers' unveil 'BattleBlock Theater'
See Jane Style:
Do IT this week: Layering
Published on Tuesday, Dec 01, 2009
GE to buy company's
20% stake in NBC
General Electric Co. has reached an agreement to buy the 20 percent stake in NBC Universal held by French media conglomerate Vivendi SA, the Associated Press learned Monday.
An understanding between GE and Vivendi has been reached but has yet to be formalized, according to a person with knowledge of the talks who requested anonymity because the negotiations were private.
The agreement would pave the way for GE to sell a 51 percent stake in the TV and movie company to Comcast Corp., the largest U.S. cable TV provider. That deal, which would make Philadelphia-based Comcast one of the nation's largest entertainment companies, is valued at about $30 billion.
Fed will try to shrink
securities portfolio
The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
The Federal Reserve Bank of New York said Monday that investors and others shouldn't conclude anything about when the central bank will reverse course and start boosting interest rates and removing other supports to fend off inflation.
The upcoming operations will involve so-called reverse repurchase agreements. That's when the Fed sells securities from its portfolio, with an agreement to buy them back later.
Reverse repos are one tool the Fed can use to drain some money it has plowed into the economy to ease financial troubles.
The operations will be ''extremely small'' and won't affect the Fed's key interest rate, officials said.
'NewsHour' to use
outside reporting
PBS' show The NewsHour with Jim Lehrer plans to beef up its international coverage with help from the startup news outfit GlobalPost.
The deal gives NewsHour access to reporting from about 70 GlobalPost correspondents around the world and gives GlobalPost another high-profile partnership with a mainstream news organization.
The Boston-based group announced a similar arrangement with CBS News in September and provides reporting for newspapers, including the Daily News of New York and the Star-Ledger of Newark, N.J. It also runs stories on its free, ad-supported Web site.
Taxpayers foot bills
for GM, Chrysler
On top of investing more than $50 billion to save Chrysler Group LLC and General Motors Co., taxpayers have spent more than $120 million in legal and consulting fees, and the meter will keep running into 2010 and beyond, according to bankruptcy court documents and legal experts.
Jones Day, the global law firm that managed Chrysler's 41-day trip through bankruptcy, has been paid more than $40 million for its work through August. Meanwhile, Weil, Gotshal & Manges — GM's lead bankruptcy adviser — has received nearly $72 million for work through September, court records show.
CVS is sued again
for selling old items
CVS Caremark Corp., the operator of more than 7,000 U.S. drugstores, was sued by Connecticut for selling expired products, less than a month after the company settled a similar suit with New York.
GE to buy company's
20% stake in NBC
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