Gap shares halted after inadvertent data release

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Time Warner to separate magazine division

Via Avauncer Time Warner Inc. (NYSE:TWX), a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, has decided to further split its business and form a separate magazine division. The media giant …






Citi’s Earnings Disappointment Extends to CEO

Via The Wall Street Journal The bank’s results were hit by a slew of charges—some expected, some unexpected. A surprise was Citi’s $1.3 billion in legal charges, which included $1 billion in reserves for any potential regulatory action and other …


Housing, job-market data push S&P to five-year high

Via Reuters Stronger-than-expected data on housing starts and jobless claims lit a fire under stocks on Thursday, pushing the S&P 500 to a five-year high and its third day of gains. Shares of chipmaker Intel (INTC.O) rose in extended-hours trading …