Murdoch-Phobia      (Investor's Business Daily)
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Investor's Business Daily - Media Bias: A press baron who putatively leans right bids for the Wall Street Journal, and the media tut. A tycoon who has no experience in the industry but has a leftward bias gets involved, and the press sees a savior.
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Also: MySpace founder aims to thwart Murdoch's WSJ bid.
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Investor's Business Daily - The Nat&#39;l Assn. of Purchasing Management&#39;s regional business activity surveys rose in June. The Chicago-area gauge eased to 60.2 vs. 61.7, but still remains solid. The Milwaukee index jumped to 66 from 58. Better auto production and exports helped, and could boost national activity. The index for New York City rose to 451.5 from 450.2, and the outlook improved as well.
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Plus: Sony TV unit struggling...Nokia on upswing...Sun ekes out profit...Apple earnings sail past expectations.
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A penny stock gains nearly 30% in one day on materially negative news. Huh?
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NEW YORK Sept. 26, 2004 - When nervous consumers hold on to their money, Wall Street gets nervous about profits. So the question investors hope will be answered in the coming week is, just how nervous are consumers these days?
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Investor's Business Daily - Investor confidence returned to real estate stocks after the Fed&#39;s half-point 18ate cut. The S&amp;P REIT Composite Index shot up 6% the next day.
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roundup Plus: The company also expects to meet or exceed analyst estimates...Salesforce.com reports subscriber surge...RealNetworks signs up Red Flag Linux.
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Investor's Business Daily - With Philadelphia's recent proposal to install a citywide broadband wireless network, will there be brotherly love between the city and its broadband service providers?
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Investor's Business Daily - Market News&#39; retail trade index for the week of June 16 fell 1.4 points from the previous week to 40.1. Same-store sales growth was just 0.6%. Companies are curtailing new openings. Layoffs and bankruptcies are rising.
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Strange happenings from the investing and business world.
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Investor's Business Daily - John Chambers may lead one of the largest tech firms in the world -- networking gear maker Cisco Systems -- but the West Virginia native couldn&#39;t even keep up with classmates as an elementary student.
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Help us find the stock with the most frightening valuation.
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Investor's Business Daily - It's still No. 1 in cell phones, but Nokia has lost some market share.
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Investor's Business Daily - Spain has looked good for the last month -- but it&#39;s not the sun that&#39;s powering its shine. It&#39;s the rest of Europe, analysts say.
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More bad news out of Asia weighed on investors Monday.
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Investor's Business Daily - The ABC News/Washington Post Consumer Comfort Index shot up 5 points over the last week to -7, the best in several weeks. Some 39% of respondents said now&#39;s a good time to buy, a big rise from 33% last week. Americans also were more upbeat about the economy and their own finances. Gasoline prices, which have fallen back below $3 a gallon, likely are a big factor.