NEW YORK – Cablevision Systems Corp. plans to buy the Long Island newspaper Newsday from Tribune Co. for $650 million. The information is given by am anonymous person familiar with the confidential discussions. If the reports are true, however, it means that Cablevision, a cable TV company, will own its first newspaper. All this will [...]
The Walt Disney Company has reported a 22 percent increase in its second-quarter profit as compared with results from last year. uring the same period in 2007, profits stood at $919 million while this year it has reached $1.13 billion. Revenue from the company’s parks and resorts revenue has grown 11 percent reaching $2.73 billion. [...]
Papa John’s, the third-largest pizza delivery chain in the US has surpassed $1 billion in online pizza sales. Even at night, when the Andy Freitas’ pizza restaurants are silent, cooks keep on working trying to meet customer orders. It took seven years for Louisville-based Papa John’s International Inc. to hit this record. Just after starting [...]
Yesterday, exactly on the eve of Dmitry Medvedev’s inauguration as president, Russia brought into force new prices for domestic gas, power and railway services which will rise over the next four years. As a result, around two million people took part in May Day demonstrations in 1,000 towns across Russia. People were reported to be [...]
The study has shown that around 10 million Germans may fall into poverty by 2020 because of the country’s slow economic growth. This prediction is based on statistics made available by the weekly Bild Am Sonntag newspaper. The inequality between rich and poor has recently become more obvious and Germany is also experiencing a rise [...]