NEW YORK, N.Y. – The guitar-maker Fender, finding itself playing before a hostile crowd, is reversing course on becoming a publicly traded company.The company, whose guitars have been wielded by Bob Dylan and Bruce Springsteen and set afire by Jimi Hendrix, said late Thursday that economic strife, particularly in Europe, has created a poor environment for an initial public offering.Fender had originally filed its plans to go public in March. The cancellation is a blow to an IPO market that has been moribund since Facebook Inc.’s bumpy offering in May.Fender Musical Instruments Corp. was founded in 1946 by Leo Fender and the company created the Telecaster and Stratocaster guitars in the 1950s. It is based in Scottsdale, Ariz. © The Canadian Press, 2012 … Read More
Sylvia Woods, Harlem’s ‘Queen of Soul Food,’ dies at 86
The New York City icon and matriarch of the famed Harlem restaurant bearing her name died Thursday at her home, her family said. … Read More
Moody’s downgrades 13 Italian banks, cites weakening of Italian government credit profile
NEW YORK, N.Y. – Ratings agency Moody’s Investors Service is downgrading the credit ratings for 13 Italian banks three days after cutting the Italian government’s bond rating. … Read More
Andrew Stroud, former cop who was ex-husband and one-time manager of Nina Simone, dead at 86
NEW YORK, N.Y. – Andrew Stroud, a former New York City police detective who was singer Nina Simone’s ex-husband and one-time manager, has died. He was 86. … Read More
New York Post eyes shielding Murdoch talks over chimp cartoon
(Reuters) – The New York Post is seeking to keep its top editor from having to answer questions in a bias lawsuit about his discussions with media mogul Rupert Murdoch over a published cartoon that appeared to liken President Barack Obama to a chimpanzee. … Read More
