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CNN.com -
4 hours and 35 minutes ago
The FBI on Monday arrested the mayor of Birmingham, Alabama, on federal charges including
conspiracy, bribery, fraud, money laundering and filing false income tax returns.div
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Silicon Alley Insider -
4 hours and 39 minutes ago
p style="padding-left: 30px;"a
href="http://www.reuters.com/article/marketsNews/idINN0151494720081201?rpc=44"img
class="float_right" src="/~~/f?id=48567ec2796c7a0f00aece9fmaxX=372maxY=226" border="0"
alt="bewkespauliewalnuts.jpg" title="bewkespauliewalnuts.jpg" width="372" height="226" /Reuters:/a
Time Warner is asking its shareholders to vote for a reverse stock split, in a bid to boost its
languishing market price and improve the shares' liquidity, according to a regulatory filing on
Monday.span/spanspan/span/p p style="padding-left: 30px;"The media company, which owns cable news
network CNN and movie studio Warner Bros among its media properties, is proposing the split after
it separates from its Time Warner Cable Inc unit early in 2009./p p style="padding-left:
30px;"span/span/p p style="padding-left: 30px;"A special meeting of stockholders will be held on
Jan. 16 at its New York headquarters. It said in a proxy filing that stockholders will be asked to
vote on a reverse stock split in a ratio of either 1-for-2 or 1-for-3, as determined by the
board./p p style="padding-left: 30px;"span/span/p p style="padding-left: 30px;"Time Warner owns 84
percent of Time Warner Cable and its shareholders will receive a special one-time dividend of $10.9
billion when it separates from the cable unit./p p style="padding-left: 30px;"span/span/p p
style="padding-left: 30px;"The media company said its board believes that following the separation,
the market price and trading ranges for Time Warner stock may be significantly lower than the
current market price due to the fact that Time Warner will have distributed all of its Time Warner
Cable shares to Time Warner shareholders./p p style="padding-left: 30px;"span/span/p p
style="padding-left: 30px;"The board said it believes that increasing Time Warner's absolute share
price will make it a more liquid and marketable stock. It said some institutional investors and
investment funds are prohibited from investing in lower-priced stocks./p pAnother benefit: The new
stock price will be less embarrassing./p pa
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CNN.com -
5 hours and 18 minutes ago
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CNN.com -
5 hours and 33 minutes ago
As the boy, 13, looks up from his Mumbai hospital bed, his adult brother rests his hand on the
boy's forehead, almost shielding him from the pain he does not yet know -- much of his family was
killed in Wednesday's terrorist attacks.div class="feedflare" a
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memeorandum -
6 hours and 28 minutes ago
CNN:
Obama names Clinton to
national security team — (CNN) — President-elect Barack
Obama on Monday announced Sen. Hillary Clinton as his pick for secretary of state, calling her an
“American of tremendous stature who will have my complete confidence.”
— “Hillary's appointment is a sign …
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CNN.com -
6 hours and 28 minutes ago
A captured suspect in the Mumbai attacks has told police that he is Pakistani, Indian officials
say. CNN's sister station, CNN-IBN, reports that the alleged terrorist said he was trained by
Lashkar-e-Tayyiba, a Pakistan-based terror group that opposes India over the disputed Kashmir
region.div class="feedflare" a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=7msAuzBH"img
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CNN.com -
6 hours and 53 minutes ago
New York Giants star receiver Plaxico Burress was charged Monday with criminal possession of the
weapon he shot himself in the leg with last week.div class="feedflare" a
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Autoblog -
7 hours and 37 minutes ago
pFiled under: a href="http://www.autoblog.com/category/plants-manufacturing/"
rel="tag"Plants/Manufacturing/a, a href="http://www.autoblog.com/category/chrysler/"
rel="tag"Chrysler, LLC./a, a href="http://www.autoblog.com/category/ford/" rel="tag"Ford/a, a
href="http://www.autoblog.com/category/gm/" rel="tag"GM/a, a
href="http://www.autoblog.com/category/earnings-financials/" rel="tag"Earnings/Financials/a, a
href="http://www.autoblog.com/category/uaw-unions/" rel="tag"UAW/Unions/a/ppa
href="http://www.reuters.com/article/companyNewsAndPR/idUSN3047458820081130"img vspace="4"
hspace="4" border="1" alt=""
src="http://www.blogcdn.com/www.autoblog.com/media/2008/12/detroit_3_450.jpg" //abr /br /The
president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that
U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages
in return for more a
href="http://www.autoblog.com/2008/09/24/house-passes-25-billion-loan-for-domestic-automakers/"government
loans/a. Gettelfinger also said that the Detroit Three only need the loans to hold them over during
these tough times. While the first statement from the union's top player seems like basic common
sense, the second seems highly optimistic... especially when one considers the size of the industry
and the depth of its issues. While no single event (or loan, for that matter) will likely turn
around the downslide, all of those affected by the auto industry's potential demise will be
interested in tomorrow's events. That's because Dec. 2 is the day House and Senate leaders told the
automakers that they need to a
href="http://www.autoblog.com/2008/11/20/aw-snap-congressional-democrats-undercut-compromise-bailout-bil/"submit
a "credible restructuring plan"/a that's convincing enough to get Congress to open its wallet when
it reconvenes next week./p p[Source: a
href="http://www.reuters.com/article/companyNewsAndPR/idUSN3047458820081130"Reuters/a]/pp
style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a
href="http://www.autoblog.com/2008/12/01/uaw-wants-executive-pay-to-be-limited/"UAW wants executive
pay to be limited/a originally appeared on a href="http://www.autoblog.com"Autoblog/a on Mon, 01
Dec 2008 12:32:00 EST. Please see our a href="http://www.weblogsinc.com/feed-terms/"terms for use
of feeds/a./ph6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0;
margin: 0; padding: 0;"/h6a
href="http://www.autoblog.com/2008/12/01/uaw-wants-executive-pay-to-be-limited/" rel="bookmark"
title="Permanent link to this entry"Permalink/anbsp;|nbsp;a
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title="View reader comments on this entry"Comments/a pa
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The Unofficial Apple Weblog (TUAW) -
8 hours and 9 minutes ago
pFiled under: a href="http://www.tuaw.com/category/apple-financial/" rel="tag"Apple Financial/a/ppa
href="http://www.flickr.com/photos/indieman/5858851/"img vspace="5" hspace="5" border="0"
align="right" src="http://www.blogcdn.com/www.tuaw.com/media/2008/12/roundup-438537592.jpg" alt=""
//aApple met or beat analyst expectations for sales over the weekend, a
href="http://www.macdailynews.com/index.php/weblog/comments/analysts_apple_one_bright_spot_in_otherwise_lackluster_black_friday/"selling
13 Macs and 3.4 iPhones every hour/a, according to one Piper Jaffray estimate./p pa
href="http://money.cnn.com/news/newsfeeds/articles/apwire/d13179e4705a23da181f1133cc8e03bc.htm"Kaufman
Bros. analyst Shaw Wu/a said that Apple's Black Friday promotions helped drive retail store
traffic, according to reports from distributors. Wu also noted that the iPod touch is sold out at
Amazon.com, which leads him to believe that Apple could sell $10 billion worth of products this
quarter./p pThomas Weisel Partners' Doug Reid got the impression that Apple sales were up from last
year. He was less optimistic about Dell's retail performance at Best Buy locations, noting that
salespeople there were not strongly recommending Dell models at 35 stores they checked./p pWeisel
analysts expect Apple to sell 2.4 million Macs during the fourth quarter./p pa
href="http://www.streetinsider.com/Analyst+Comments/Analysts+Weigh-In+On+Apples+(AAPL)+Black+Friday+Results/4200713.html"Deutsche
Bank analysts/a also conducted their own checks over the weekend, and found demand to be "solid,"
considering the current global economic woes. They expect Apple to sell 5 million iPhones this
quarter, and reiterated their "buy" rating and price target of $150 per share./p pa
href="http://finance.google.com/finance?q=aapl"AAPL/a was down slightly in morning trading./pp
style="padding:5px;clear:both;"a href="http://www.tuaw.com"TUAW/aa
href="http://www.tuaw.com/2008/12/01/analyst-roundup-black-friday-pretty-good-for-apple/"Analyst
Roundup: Black Friday pretty good for Apple/a originally appeared on a
href="http://www.tuaw.com"The Unofficial Apple Weblog (TUAW)/a on Mon, 01 Dec 2008 12:00:00 EST.
Please see our a href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a.br
style="clear:both;"/ph6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px;
border: 0; margin: 0; padding: 0;"/h6a
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CNN.com - World -
8 hours and 10 minutes ago
Protesters blockading international flights to Bangkok threatened to draft in more demonstrators
Monday as the tense standoff with authorities looked set to enter a second week.div
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CNN.com -
8 hours and 10 minutes ago
DNA evidence links a man in custody to the killing of a 26-year-old Arkansas television news
anchor, police say.div class="feedflare" a
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CNN.com - World -
8 hours and 13 minutes ago
India on Monday demanded Pakistan take "strong action" on those behind last week's massacre in
Mumbai, raising diplomatic tensions between the nuclear-armed rivals.div class="feedflare" a
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CNN.com - World -
8 hours and 33 minutes ago
Read full story for latest details.div class="feedflare" a
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href="http://rss.cnn.com/~f/rss/cnn_world?a=FPLYEWZ0"img
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src="http://feedproxy.google.com/~r/rss/cnn_world/~4/oPFlF59jzIM" height="1" width="1"/
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CNN.com - World -
8 hours and 58 minutes ago
Venice has suffered its worst flooding in 22 years, leaving many parts of the historic Italian city
neck-deep in water, reports said Monday.div class="feedflare" a
href="http://rss.cnn.com/~f/rss/cnn_world?a=WCPGvacA"img
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src="http://feedproxy.google.com/~r/rss/cnn_world/~4/a7SJkUkg3Xc" height="1" width="1"/
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Silicon Alley Insider -
9 hours and 10 minutes ago
pimg class="float_right" src="/~~/f?id=47a93c2f4b543772005f996fmaxX=155maxY=43" border="0"
alt="cnncom.png" title="cnncom.png" width="155" height="43" /Editors from 30 newspapers are a
href="http://www.nytimes.com/2008/12/01/business/media/01cnn.html?_r=2adxnnl=1ref=businesspagewanted=alladxnnlx=1228100453-5RiN0q6DDRtHKI4p1yLkAA"going
to Atlanta to hear about CNN's new wire service/a, which is supposed to be a cheaper alternative to
the Associated Press./p pDuring a Webcast for employees, AP president and CEO Tom Curley identified
CNN Wire -- and the trend it represents, that is, customers becoming competitors -- as one of the
three main challenges facing the nonprofit corporation, along with the economy and newspapers'
ill-health./p pBut if CNN (TWX) takes AP business, it won't be because it's a better project,
Curley told employees./p p'The current CNN wire, if you look at it truly is still, and remarkably,
abysmally written,' said Curley. 'However, they're interviewing A.P. people, we know, and that can
be transformed. And if you have enough money and you have enough ego and enough desire, you can fix
that in a hurry.'/p pCNN Wire, as the service will be called, will also compete with Bloomberg News
and Thomson Reuters. It will syndicate Web videos, columns and TV transcripts, but unlike the AP,
not photos./p pstrongSee Also:/stronga
href="../../2008/11/huffington-buckley-and-hamill-politely-scream-about-the-future-of-media-clip-"br
/William Kristol and Pete Hamill Scream About The Future Of Media (Clip)/abr /a
href="../../2008/11/got-a-cheap-media-company-to-sell-call-ge-ge-"Got A Cheap Media Company To
Sell? Call GE (GE)/a/p pa
href="http://feedads.googleadservices.com/~at/3jHxM7PehbSUm5q5JUu0gh_rChM/a"img
src="http://feedads.googleadservices.com/~at/3jHxM7PehbSUm5q5JUu0gh_rChM/i" border="0"
ismap="true"/img/a/pdiv class="feedflare" a
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src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=iucnVkCK"
border="0"/img/a a
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border="0"/img/a a
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height="1" width="1"/

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CNN.com -
9 hours and 13 minutes ago
A 30,000-ton luxury cruise ship outran pirates off the coast of Yemen this weekend, the ship's
owner said Monday.div class="feedflare" a
href="http://rss.cnn.com/~f/rss/cnn_topstories?a=VoFnjZa7"img
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CNN.com - World -
9 hours and 13 minutes ago
A 30,000-ton luxury cruise ship outran pirates off the coast of Yemen this weekend, the ship's
owner said Monday.div class="feedflare" a href="http://rss.cnn.com/~f/rss/cnn_world?a=Jp3RrOho"img
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src="http://feedproxy.google.com/~r/rss/cnn_world/~4/M77S6QIquEI" height="1" width="1"/
|
CNN.com -
9 hours and 23 minutes ago
It took Norma Margeson a few minutes to learn to control the skinny metal robot. But instead of
viewing it as a machine, she soon warmed up to it as a companion.div class="feedflare" a
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src="http://feedproxy.google.com/~r/rss/cnn_topstories/~4/S7Ae-tuuQPQ" height="1" width="1"/

|
CNN.com - World -
9 hours and 28 minutes ago
The death toll from historic floods in southern Brazil continued to creep upward Monday, with 112
reported dead, the state news agency said.div class="feedflare" a
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CNN.com -
10 hours and 15 minutes ago
They share a deep sorrow: an idealistic American who tried to protect the Kurds of Iraq, a Canadian
general who refused to follow orders in Rwanda, a French priest who fought for the soul of
Cambodia. Each one tried to focus the world's attention on the world's most heinous crime:
genocide. Each time, they were shunned, ignored or told it was someone else's problem.div
class="feedflare" a href="http://rss.cnn.com/~f/rss/cnn_topstories?a=5gF33Yol"img
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src="http://feedproxy.google.com/~r/rss/cnn_topstories/~4/NajZOAnrJiA" height="1" width="1"/

|
CNN.com -
10 hours and 23 minutes ago
Stocks tumbled to start the first day of trading in December as investors retreated after last
week's big rally amid concerns about the economy.div class="feedflare" a
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