CW Network Faces Struggle to Find a Winning Strategy

CW Network Faces Struggle to Find a Winning Strategy
CBS Corp. and Warner Bros. launch their new television network tonight with the latest installment of the Tyra Banks' contest, "America's Next Top Model." But in the coming months, the CW must do something trickier than strut down a runway in 4-inch stilettos: It must make money.

Electrolux profit below

Electrolux profit below consensus, keeps outlook
The company, which in June spun off its outdoor products unit, listed as Husqvarna , reported a pretax profit excluding extraordinary items of 765 million Swedish crowns ($103.8 million) versus the average of forecasts in a Reuters poll of 9 analysts of 866 million crowns, up from 610 million.

Stocks rise

Stocks rise on rate view
NEW YORK (Reuters) - U.S. stocks rose on Monday in a light and short pre-holiday session as mild economic data increased optimism about the interest-rate outlook and positive news about Citigroup Inc. gave investors a reason to buy bank shares.

Bumper profits in store

Bumper profits in store for Wall St banks
Wall Street investment banks are expected to shrug off market volatility to report the second most profitable quarter in their history in the next few weeks.

Oil climbs over $73

Oil climbs over $73 on worries over Iran flows
SINGAPORE (Reuters) - Oil prices climbed over $73 on Monday after Iran hinted it might use oil production as a weapon in its nuclear dispute with the West and hitches at U.S. refineries spurred worries over fuel supplies.

Create increased sensitivity

Volatility to create increased sensitivity to data
Heightened sensitivity to forthcoming economic figures is expected in global financial markets this week after the recent upswing in volatility.

Wall Street slides

Wall Street slides in late trading
Wall Street turned sharply lower in the last hour erasing gains made earlier in the day. A rise in the price of oil and metals had given momentum to energy and mining stocks, while homebuilders also climbed.

How Priceless is

How Priceless Is This IPO?
MasterCard's market debut may be the grandest since Google, but tough competition and legal battles loom.

Daimler faces fine

Daimler faces fine in US graft probe
The Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) began their investigations in 2004 after a whistle-blower complaint filed by a former employee of the world's fifth-biggest carmaker.

The Martins

The Martins: Millionaires in the Making
NEW YORK (CNNMoney.com) - For most of us retirement comes at the end of our career. But for Jeff Martin, 34, retirement from the Army is just over the horizon. Martin is five years away from being able to leave the Army with a pension of half his current $5940 monthly income.

Wall Street down

Wall Street down as data vies with earnings
Wall Street closed down paring advances made earlier in the day as disappointing results from retailers combined with anxiety about inflation, despite the release of relatively benign economic data.

Economy to slow

Economy to slow, rate hikes end in 2006: survey
A panel of 50 forecasters surveyed by the National Association of Business Economics bumped up its consensus outlook for second-quarter economic growth to a 3.5 percent annual rate from 3.4 percent forecast three months ago.

Wall Street rally

Wall Street rally helped by easing oil prices
Wall Street made strong advances this week, with the Dow Jones Industrial Average reaching a fresh six-year high while the S&P 500 reached its highest level in five years. The Russell 2000 index of small companies reached an all-time high.

Bank of America

Is the third largest commercial bank in the United States of America and the fourth-largest company in the world. Bank of America is larger than its closest rivals in terms of deposit share.The Federal Reserve Board gave final approval to the merger between Bank of America and MBNA Corporation on December 15, 2005. On 1 January 2006 the completion of the deal solidifies the BofA position as the largest issuer of credit cards in the US. BofA is the world's leader in active debit cards. BofA reported in 2005 over $1.2 trillion in assets.

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