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Napster Inc., the online music community that rose from a dorm room project to become the scourge of the global recording industry, is being purchased by Best Buy Inc. for nearly $127 million as the electronics retailer tries to boost its digital music business. ...more
September 16, 2008
As the American economy slowed to a crawl and stockholders watched their money evaporate, chief executives' pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows. ...more
June 17, 2008
NEW YORK (AP) -- As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows. ...more
June 16, 2008
TAMPA BAY AREA Bridgeport Center Sold Flagler Development Group of Jacksonville has acquired its first Tampa property, paying $29.5 million to buy the nine-story Bridgeport Center, 5201 W. Kennedy Blvd., from Boston-based AEW Capital Management. Mike Davis, senior director for Cushman & Wakefield, which brokered the deal, said Bridgeport Center is the area's first major office building to trade hands since the credit crunch hit Wall Street in November. Davis said the 170,924-square-foot building in the West Shore business district sold for nearly as much as Cushman & Wakefield estimated it would before the credit troubles. The deal proves buyers remain bullish about commercial properties in the Tampa Bay area, Davis said. ...more
February 2, 2008
Google's fourth-quarter profit missed analyst expectations, signaling that the crumbling U.S. economy has dented the Internet search leader's moneymaking machine. ...more
February 1, 2008
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