BRIEFCASE.Byline: -- Staff and Wire Services Gannett interest boosts Tribune Tribune Co.'s stock rose modestly Monday amid reports that interest in buying the media conglomerate has stepped up, including a potential bid from Gannett Co., the nation's largest newspaper publisher. Gannett's reported interest brings a large media player into the Tribune's possible sell-off for the first time and could provide significant competition to such confirmed bidders as Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. billionaires Ronald Burkle Ronald W. Burkle (b. November 12, 1952 in Pomona, California) is a supermarket billionaire from Beverly Hills, with a personal wealth of over US$2.1 billion. He founded The Yucaipa Companies, a Los Angeles based private equity firm, in 1986. and Eli Broad Eli Broad (born June 6, 1933) a native of Detroit, Michigan is a Jewish American billionaire who lives in Los Angeles, California. His last name is pronounced as rhyming with road. Broad is well known for his philanthropy and extensive art collection. . After opening 1.8 percent higher after the published reports, Tribune shares rose 43 cents, or 1.3 percent, to close at $32.46 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Gannett executives visited Chicago last week and listened to presentations on Tribune Co.'s financial situation, the Chicago Tribune reported, citing two unidentified sources. The Wall Street Journal reported on the visit by Gannett executives on Monday, a day after the Tribune's initial report. The Journal also said Tribune had informal discussions with MediaNews Group Inc., owner of the Daily News, San Jose Mercury News The San Jose Mercury News is the major daily newspaper in San Jose, California and Silicon Valley. The paper is owned by MediaNews Group. Its headquarters and printing plant are located in North San Jose next to the Nimitz Freeway (Interstate 880). , The Denver Post and The Detroit News, about certain Tribune assets, including the Hartford Courant Cou`rant´ a. 1. (Her.) Represented as running; - said of a beast borne in a coat of arms. n. 1. A piece of music in triple time; also, a lively dance; a coranto. 2. . CompuUSA gets early Vista sales Microsoft Corp. will sell licenses for its new Windows Vista operating system and Office 2007 productivity suite through CompUSA stores Nov. 30, two months before the products go on sale at other retailers. The world's largest software company said Monday that customers will be able to buy licensing agreements to run Windows Vista Business and Microsoft Office Small Business 2007 on five or more personal computers. Tyson warning of higher prices Tyson Foods Inc., the world's largest meat processor, warned Monday that rising corn prices could mean U.S. consumers will have to pay more for chicken, beef and pork next year as it ended its fiscal year with a third straight quarterly loss. The Springdale, Ark.-based company forecast a return to profitability in the new fiscal year, which started Oct. 1, as it gets a grip on costs and focuses on more efficient operations. Its shares rose 4 percent. Dow, Nasdaq chalk up gains The Dow industrial average rose 23.45, or 0.19 percent, to 12,131.88. The Standard & Poor's 500 index was up 3.52, or 0.25 percent, at 1,384.42, and the Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed was up 16.66, or 0.70 percent, at 2,406.38. On Monday, light sweet crude futures declined by $1.01 to settle at $58.58 a barrel on the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. . Consumers told no on warranties In its first ever public education ad campaign, Consumer Reports is telling consumers to just say ``no'' to warranties pushed by the nation's retailers. ``We think warranties are a lousy deal for consumers in almost every case,'' said Jim Guest, president and chief executive of Consumers Union, the nonprofit publisher of Consumer Reports. It's a big business for retailers but a waste of money for consumers.'' The campaign, launched today, will include a full-page ad in USA Today and feature an e-mail campaign to 825,000 of Consumer Reports' subscribers and other activists. Healthcare costs expected to go up NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Health care costs could rise more than 10 percent in 2007, unless companies change their plans, according to a report by PricewaterhouseCoopers. ``What the insurers are projecting is double-digit increases if you don't do anything,'' said Michael Thompson, a principal at PWC. ``Many employers, most employers, are doing something.'' Employers are already changing employees' benefit packages, shifting more costs to employees or pushing employees to participate in health and wellness programs, according to the report, based on a survey of health insurance carriers, the firm's own research and government data. For 2007, costs for preferred provider organizations preĀ·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. , are expected to rise 11.9 percent. Under preferred provider, or PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there plans, patients are offered a network of providers. Patients who select providers outside the network will pay more for their care. |
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