Bullishness from 2 Investment Banks; Lululemon Recall
Goldman Sachs expects the S&P index to hit 1625 this year, and Morgan Stanley (MS) raised its target to 1600. Both had been pretty bearish on the market. The S&P closed yesterday at 1552.
Washington Post
Washington Post Latest Newspaper to Embrace Pay Walls
The Washington Post says it will begin selling digital subscriptions this summer, asking frequent visitors to pay a fee supporting the company's journalism.
Did Warren Buffett Just Save the Newspaper Industry?
Last week, Warren Buffett moved to save Media General, paying $142 million to buy 63 of its struggling newspapers. The move helps backstop the newspaper industry, giving it breathing room to figure out a way to survive in the Internet age.
Newspapers: Going...Going...Gone!
For anybody who has followed the news over the past few years (probably on a computer), the long-awaited demise of newspapers shouldn't come as much of a surprise. But on Wednesday, the bell tolled once again for the printed word when the University of Southern California's Annenberg Center for the Digital Future offered a prophecy: Within five years, only four major daily papers will continue in print form.
Cheap Stocks for Your Portfolio in a Pricey Market
The stock market has been on a tear over the past two years. With the major indexes hitting multi-year highs recently, the value pickings are slim. But one highlights five stocks that still have attractive prices in this rising market.
Warren Buffett Plans to Leave The Washington Post Board
Warren Buffett says he will step down as a longtime boardmember of The Washington Post when his term ends in May. But he has no plans to sell Berkshire Hathaway's shares of the company.
Growing Public Support for Tax Package
Gallup, Pew Center and Washington Post/ABC News surveys all showed that Americans, for the most part, support the tax package approved by the Senate on Wednesday.
Bernanke Defends QE2 Plan to Boost Economy
A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won't spark inflation.
A Newsweek-Daily Beast Deal Made No Sense From the Get-Go
Combining Newsweek and the Daily Beast wouldn't have been as big of a debacle as New Coke, but it would have been awfully close. Beyond the clashing egos, it was never made clear how combining the organizations would allow them to become profitable.
Howard Kurtz Goes From Washington Post to Daily Beast
Howard Kurtz, arguably the most influential media reporter in the country, is leaving The Washington Post for Tina Brown's Daily Beast website in the latest high-profile defection from old media titan to new media upstart. Kurtz will cover the intersection of politics and media for the site.
Arianna Huffington's
Glass House
Arianna Huffington likes to blast "the media" for getting distracted by silliness like the Balloon Boy story. But no one's more distracted, or distracting, than her own Huffington Post.
Washington Post Takes Hard Line on Twitter Prankster
The immediacy of social media is a hazard for some old-school journalists like Washington Post sports columnist Mike Wise, who posted a phony news story on Twitter to demonstrate how easy it is to start rumors there. Now he's been suspended from his job for a month.
Daily Blogwatch: The Best Loved S&P 500 Stock
Some of the best reads for investors from around the Web, including the stock with the best analyst rating on the Standard & Poor's 500, Bill Gates's 10 life rules and what the next Warren Buffett is buying.
A Users Guide for the New Owner of Newsweek
Congratulations, Sidney Harman! You are now the proud owner of Newsweek, an iconic if vastly unprofitable magazine. It's a purchase that should come with an owners manual, and now it does.
