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NEW YORK (CBS.MW) -- After lobbing a few warning shots over the years, News Corp. all but declared war on CNBC last week. Wall Street analysts heard top executives of News Corp., which owns Fox News, effectively say a Fox business news cable-television channel is a go. Although News Corp. has divulged few details about the venture, it's expected to debut this summer. News Corp. hopes that CNBC's vulnerability is underscored by its deteriorating ratings, coming at a time when Fox News is scoring resounding victories over foes CNN (TWX) and MSNBC. According to CNBC, a unit of General Electric...

Time Warner's cable news operations took a new hit Wednesday as CNN President Jim Walton announced that CNNfn, the company's financial-news network, will shut down in mid-December after more than nine years on the air. Walton said that he was pulling the plug on the outlet in order to help shore up CNN and CNN Headline News. He also indicated that a continuing problem had been finding outlets for the network which is only available in some 30 million homes, half of which nearly half are served by DirecTV. Walton indicated that CNN International may take the place of CNNfn...

Time Warner's CNNfn waved the white flag yesterday, saying it was shutting down after nine years of unsuccessfully competing with CNBC for the top business cable station. Jim Walton, CNN president, said the network, available in 30 million homes, would close shop in mid-December, replaced, perhaps, with CNN International, which is now broadcast on the weekends over the same channel. About 60 of CNNfn's 110 employees will be affected by the move, although Walton said he didn't expect nearly that many to be out of work. About 100 jobs in the news group had just been posted, many at...

<p>NEW YORK (CNN/Money) - The nation's investors give Democratic presidential contender John Kerry a slight edge over President Bush, according to a new poll that also shows health care costs and deficit reduction are investors' most pressing concerns.</p> <p>A poll conducted by Money magazine and International Communications Research (IRC) shows 41 percent of the investors surveyed favor the senator from Massachusetts, while 40 percent favor the president.</p>

<p>NEW YORK (CNN/Money) - History shows the stock market does better under Democrats.</p> <p>A recent study from the University of California at Berkeley, published in the October issue of the Journal of Finance shows that between 1927 and 1998, the stock market returned approximately 11 percent more a year under a Democratic president versus safer, three-month Treasurys. By comparison, the stock market only returned 2 percent more a year versus the T-bills under Republicans. But all the statistics in the world don't mean much to the investors who believe that Democrats aren't as good for business or Wall Street as Republicans. And for those investors, Republican President George Bush's re-election this year is the best thing for the market, particularly with the Republican-dominated Congress to contend with.</p>

NEW YORK (CNN/Money) - Retailers across the nation are gearing up for the first rush of frenzied shoppers right after Thanksgiving, as "Black Friday" rolls around to mark the start of what could be the best holiday shopping season in four years...some industry watchers are viewing the holiday season with caution.

NEW YORK (CNN/Money) - With stronger-than-expected numbers coming in almost daily and the Fed sitting on its hands, some observers say the central bank is playing chicken with the economy, creating the risk of unnecessarily painful interest-rate hikes down the road. But some other analysts see plenty of potential trouble spots for the economy and say the chances are small that the Federal Reserve will let inflation get out of control.

NEW YORK (CNN/Money) - Senate leaders are pushing to save the energy bill that got blocked in filibuster Friday and no wonder. Three years in the making, 1,200 pages, special clauses galore -- sure it may look to some like a Rube Goldberg invention, but after they've spent so much time at the drafting table, it's a hard thing to give up on.

NEW YORK (CNN/Money) - Though Federal Reserve Chairman Alan Greenspan said Thursday the huge U.S. trade deficit can shrink without crippling the dollar, and the U.S. markets along with it, analysts warned a dollar plunge can't be ruled out.

NEW YORK (CNN/Money) - Stagflation, that dangerous mix of high inflation and low growth that socked the U.S. economy back in the 1970s isn't on anybody's radar screen these days. Except, apparently, the bond market's.

NEW YORK (CNN/Money) - The Federal Reserve sees so little inflation in the economy that it's more worried about an "unwelcome fall" in inflation than an unwelcome rise. Take a look at what's going on with prices, and you might wonder where the Fed is getting its information. To start with, commodity prices from soybeans to cotton to grade A broilers have been running higher this year -- a factor in Friday's surprising rise in the producer price index, which measures inflation at the wholesale level.

Sleaze-shtick comic Andrew Dice Clay may have dropped out of sight for a while - but he still lives up to his image. While being interviewed on CNNfn, Clay went into a rage, cursed out the anchorman and stormed off the set. He went into his tirade when anchor Allan Chernoff asked him about his experience working in a gym while he was out of the comic circuit. "Running a gym?" Clay exploded. "Where did you get - you're supposed to be a news guy. Where are you getting your [expletive] information?" When Chernoff said CNN researchers discovered it, Clay...

<p>A high-flying Wall Street investment adviser accused of bilking his clients out of millions has been hit with new charges - that he spent more than $2 million buying the silence of three employees who threatened to tell his wife about his secret sex romps and shady business deals.</p>

<p>NEW YORK (CNN/Money) - The twin terrors of the 1980s, the U.S. deficits in trade and the federal budget, are nearing record highs again.</p> <p>While that could spell bad news for the U.S. economy -- especially if overseas investors flee U.S. assets and cause an '80s-style plunge in the dollar -- most analysts say that's not the most likely scenario.</p>

news...CNN to launch new channel Posted on Saturday, 28th December 2002 at 8:38 pm EST (01:38 BST) by James Welsh JCTV and CNN are to launch a new CNN-branded channel, CNNj, taking the number of regional feeds of the news network to seven. The channel will combine programmes from CNN/US and CNN International - CNNI has a production centre in the Asia Pacific region located in Hong Kong - and some financial programming from CNN/fn. Chris Cramer, President of CNN International Networks, said in a release: "Thanks to the strong support of our long-time partner, JCTV we have been...