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Business News Category

February 12 , 2009 In: Business News

Viacom profit slumps with charges (Reuters)

Reuters – Viacom Inc (VIAb.N), owner of MTV Networks and Paramount movie studio, reported sharply lower fourth-quarter earnings, battered by an advertising slump, poor ratings at some of its key TV networks and a softening DVD market. By us.rd.yahoo.com

Reuters – Chinese state-owned aluminum group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio’s debt but also raise regulatory scrutiny. By us.rd.yahoo.com

February 12 , 2009 In: Business News

Stock futures drop before key data (Reuters)

Reuters – Stock index futures fell on Thursday as investors worried that government data due before the opening bell could show a further weakening in the labor market and another drop in consumer spending. By us.rd.yahoo.com