Contract Dispute Left Millions Without Fox Network Over Weekend

Three million households in the New York area were left without Fox programming this weekend as a contract dispute between Cablevision Systems (CVC) and News Corp. (NWS) rumbled on.

Millions of New York sports fans were unable to watch the Phillies play baseball on Saturday night and the Giants play football on Sunday, The New York Times reported.

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The two companies are struggling to…

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Contract Dispute Left Millions Without Fox Network Over Weekend originally appeared on DailyFinance on Mon, 18 Oct 2010 08:25:00.

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Northeast Utilities Buying NSTAR in No-Premium Deal

Northeast Utilities is buying NSTAR for about $4 billion in a no-premium deal. The companies agreed to a stock-for-stock merger of equals with a total enterprise value of $17.5 billion to create a company with nearly 3.5 millio…

Philips Reports Third Quarter Profit of $728 Million

Royal Philips Electronics NV (PHG) reported third quarter earnings of 524 million euros ($728 million), or 55 euro cents per share, up from 174 million euros a year earlier.

Profit rose on lower costs and a gain of 154 million euros from the sale of…

St. Jude Medical to Buy AGA Medical for $1.3 Billion

Medical device company St. Jude Medical (STJ) will buy AGA Medical Holdings Inc (AGAM) for $1.3 billion, or $20.80 per share.

AGA Medical makes devices to treat heart problems through transcatheter treatments, St Jude Medical said today in a statement.

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The deal “will create a clear leader in the structural heart market, making St. Jude Medical the only company with programs across…

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St. Jude Medical to Buy AGA Medical for $1.3 Billion originally appeared on DailyFinance on Mon, 18 Oct 2010 07:38:00.

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Apple Earnings Are Set to Shine on iPhone and iPad Sales

As usual, expectations are high, but Apple has a way of exceeding optimistic hopes, partially because it tends to low-ball financial expectations. The only possible hitch: Apple is having trouble making enough products to meet …