Satellite television company Dish Network Corp can go ahead with its $320 million purchase of Blockbuster Inc, a bankruptcy judge ruled on Thursday. Get the full story »
Inside these posts: Networks
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CBS: Bernanke to appear on ‘60 Minutes’ Sunday
U.S. Federal Reserve Chairman Ben Bernanke will appear on the news program “60 minutes” on Sunday, part of an effort by the central bank to step up its public communications.
The move comes as the Fed’s decision last month to purchase an additional $600 billion caused a flurry of criticism from politicians in Washington, who argue the central bank is playing with fire and courting future inflation. Get the full story »
Tellabs profit doubles in 3Q, shares stumble
Shares of Tellabs were down more than 14 percent in afternoon trading Tuesday after the communications equipment maker reported a strong gain in third-quarter profit but its fourth-quarter projections worried investors.
Naperville-based Tellabs said it earned $57 million, or 15 cents a share, in the third quarter, compared with $29 million, or 7 cents a share, in the year-ago period. Revenues during the quarter rose 10 percent to $429 million. Get the full story »
