Time Warner to buy Insight for $3 billion

NEW YORK (Reuters) – Time Warner Cable said it will buy cable operator Insight Communications from Carlyle Group for $3 billion in cash to broaden its presence in the U.S. Midwest.The deal was reached after months of negotiations and a fruitless auction of Insight that involved other strategic and...

Divining New York’s Fate Should a Double-Dip Recession Hit

If the plodding national economy stumbles into another recession, New York plagued by high unemployment and the prospect of a rising tide of layoffs on Wall Street probably will take a tumble, too. The likelihood of a double-dip recession has increased, and thats led to a great deal of concern, said Ronnie...

Google to buy Motorola Mobility for $12.5 billion

(Reuters) – Setting its sights on rival Apple Inc, Google Inc announced its biggest deal ever, a $12.5 billion cash acquisition of mobile phone maker Motorola Mobility Holdings Inc.Google’s biggest foray into hardware comes weeks after a failed attempt to buy patents from bankrupt Nortel, and...

Apple is most valuable US company (AP)

Apple’s lineup of sleek phones, computers and iPods, irresistible to customers even in tough economic times, propelled it to the No. But the Apple gadgets’ sleek, minimalist design and intuitive software have garnered them a loyal following among tech geeks and everyday consumers...

Groupon updates IPO filing, admits it’s unprofitable

On that basis, Groupon incurred a $420 million operating loss for 2010 and a $117.1 million loss in the first quarter.Groupon CEO Andrew Mason defended the use of ACSOI in the updated filing, even though the company removed it from its metrics.”We exclude those costs because, unlike our other marketing...

Reid’s picks for debt super committee

WASHINGTON (CNN) — Senate Majority Leader Harry Reid made his picks Tuesday for the Congressional “super committee” that will face the unenviable task of finding trillions to slice from the federal budget. Reid, a Democrat from Nevada, said that he would appoint Senate Democratic Conference...