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| Microsoft Tops Forecast and Raises Outlook Thu, 24 Apr 2008 21:22:18 GMT Microsoft may be struggling to buy Yahoo, but the giant software maker’s current business is humming along smoothly. |
| Foreclosure Hits Even Connecticut’s Wealthy Thu, 24 Apr 2008 20:48:28 GMT But the few homeowners in trouble in affluent Greenwich are tapping into other resources that most people cannot call upon to help prevent the ultimate indignity. |
| In Surprise, Ford Swings to Profit in First Quarter Thu, 24 Apr 2008 20:29:50 GMT It was an unexpected improvement amid a slump in the U.S. market that has cut sales of the carmaker’s most lucrative vehicles. |
| New-Home Sales Fall to Low Last Seen in 1990s Thu, 24 Apr 2008 20:55:43 GMT Inventories rose as sales of new homes fell 8.5 percent, a far sharper decline than was forecast. |
| Deal Consolidates More of Russia’s Mining Industry Thu, 24 Apr 2008 19:40:40 GMT The aluminum tycoon Oleg V. Deripaska said that he had purchased 25 percent of the Arctic mining company Norilsk Nickel, furthering his quest to consolidate the Russian metals and mining industry. |
| Credit Suisse Reports $2.1 Billion Loss Thu, 24 Apr 2008 18:27:17 GMT The bank’s first-quarter loss was nearly three times worse than analysts had expected as it wrote down $5.3 billion in soured investments, but its shares rose in Zurich trading. |
| Wall Street Advances After Drop in Jobless Claims Thu, 24 Apr 2008 21:20:30 GMT Stocks turned higher as investors focused on a drop in weekly unemployment claims and stronger-than-expected results from Ford rather than weak housing figures. |
| DealBook: S.E.C. Sues Trader for False Rumors About Alliance Data Thu, 24 Apr 2008 21:23:19 GMT Regulators said they charged a trader with spreading false rumors about the buyout of Alliance Data Systems last fall and winter, causing the credit card processor’s stock to fall. |
| Triarc, Owner of Arby’s, to Buy Wendy’s Thu, 24 Apr 2008 20:34:18 GMT Triarc, the investment company controlled by Nelson Peltz, said that it was buying the fast-food chain in an all-stock deal. |
| Senate Passes Genetic Discrimination Bill Thu, 24 Apr 2008 19:59:48 GMT The 95-0 Senate vote sends the Genetic Information Nondiscrimination Act back to the House, which could approve it early next week. |
| Motorola Loss Widens as Phone Sales Fall Thu, 24 Apr 2008 20:00:28 GMT Motorola says it lost slightly more money in the first quarter as sales in its key mobile unit fell 39 percent. |
| Debt Collection Done From India Appeals to U.S. Agencies Thu, 24 Apr 2008 19:09:55 GMT Debt collectors in India often cost about one-quarter the price of their American counterparts, and often do a better job, debt collection company executives say. |
| The Energy Challenge: With First Car, a New Life in China Thu, 24 Apr 2008 14:41:17 GMT As car sales soar in China, even first-time buyers are getting more sophisticated and want better cars. |
| Apple Riding a 51% Jump in Mac Sales Thu, 24 Apr 2008 19:16:33 GMT Buoyed by unusually strong Macintosh sales, the company grew notably faster than the rest of the computer market in the first three months of the year. |
| Amazon Gains, Despite an Economic Slowdown Thu, 24 Apr 2008 06:34:15 GMT The Seattle-based Internet retailer reported that net income in the first quarter rose 30 percent to $143 million from the year-ago quarter. |
| As Economy Slows, So Do Laser Eye Surgeries Thu, 24 Apr 2008 16:25:28 GMT Call it the Lasik indicator. As consumers cut back on discretionary spending, the number of laser vision-correction surgeries has been falling. |
| Lights. Camera. Cellphone Action. Thu, 24 Apr 2008 19:18:51 GMT Who says cellphones are good only for talking? Today they are bringing together two unlikely brand names: Nokia and Spike Lee. |
| Drug Executive Is Indicted on Secret Deal Thu, 24 Apr 2008 06:30:57 GMT A former Bristol-Myers Squibb executive was charged with making false statements to the F.T.C. about a pact made with a Canadian maker of generic drugs. |
| Advertising: Trying to Connect in a Crowd Thu, 24 Apr 2008 04:49:40 GMT Love is all you need, Subaru declares in a push for its 2009 models — along with all-wheel drive, a safety pedal system, low-emissions and an environmentally correct plant. |
| Warehouse Stores Restrict Rice Sales Thu, 24 Apr 2008 15:25:31 GMT The two biggest warehouse retail chains, Sam’s Club and Costco Wholesale, are limiting how much rice customers can buy. |
| South Korea Faces Question of Corporate Control Thu, 24 Apr 2008 06:16:46 GMT Following the resignation of the chairman of Samsung amid criminal indictments, South Korea seems uncertain about how much pressure to put on family-owned corporate groups. |
| Delta and Northwest Post Losses on Revaluations Thu, 24 Apr 2008 08:08:07 GMT The carriers, preparing to merge amid a steep industry downturn, reported a combined loss of $10.5 billion. |
| UBS Vows Errant Unit Will Get Tighter Rein Thu, 24 Apr 2008 04:34:16 GMT Shareholders approved a set of measures to raise capital, namely a rights offer of about $15 billion, and elected two new members to the executive board. |
| G.E.’s Chief Faces Investors After Disappointing Quarter Thu, 24 Apr 2008 05:07:52 GMT General Electric’s chief executive, Jeffrey R. Immelt, delivered a mea culpa to investors and analysts, after its recent earnings report prompted a steep sell-off. |
| Pressed by the Economy, Starbucks Lowers Its Forecast Thu, 24 Apr 2008 04:58:29 GMT Citing a 5 percent decline in sales last quarter, Starbucks cut its full-year forecast, sending the company’s stock down nearly 11 percent in after-hours trading. |
| G.M. Says Toyota Has Lead in Global Sales Race Thu, 24 Apr 2008 07:04:33 GMT G.M. said its first-quarter sales fell less than 1 percent, leaving it about 160,000 vehicles behind its Japanese rival, whose sales grew 2.7 percent. |
| House Panel Approves $15 Billion Foreclosure Bill Thu, 24 Apr 2008 06:07:03 GMT Democrats pushed a $15 billion housing bill through a House committee. The would send federal loans and grants to cities and counties hit hardest by the housing crisis. |
| Stewards of James Brown Estate Sue Morgan Stanley Thu, 24 Apr 2008 16:30:54 GMT Guardians are accusing the investment bank of failing to prevent the estate’s previous manager, David G. Cannon, from draining millions of dollars held at the bank. |
| Shifting Careers: Making Long-Distance Partnerships Work Thu, 24 Apr 2008 04:36:49 GMT Even though technology makes it possible to run a business from almost anywhere, can a business partnership thrive if the partners live in different cities? |
| Actors’ Talks Extended Thu, 24 Apr 2008 04:33:27 GMT Leaders of the Screen Actors Guild and the Alliance of Motion Picture and Television Producers agreed on Wednesday to extend their current round of contract talks through May 2, they said in a joint statement. |
| Resignation at Largest U.S. Pension Fund Thu, 24 Apr 2008 05:19:26 GMT Russell Read, who joined Calpers in June 2006, is resigning as it chief investment officer. |
| Profits Top Expectations for Makers of Drugs Thu, 24 Apr 2008 04:44:39 GMT A new multiple sclerosis drug helped lift Biogen Idec’s first-quarter profit by 24 percent. Schering-Plough’s reported decline, was less than Wall Street expected. |
| Ambac, a Bond Insurer, Reports a $1.66 Billion Loss Thu, 24 Apr 2008 04:37:05 GMT Ambac reiterated that it was writing “very little new business,” and said its results wiped out 40 percent of its net worth. |
| Demand Lifts Boeing and General Dynamics Thu, 24 Apr 2008 04:38:59 GMT Boeing said its profits rose 38 percent, to $1.21 billion. General Dynamics said its net income jumped 32 percent, to $572 million. |
| Liberty Mutual Is Bidding $6.2 Billion for Safeco Thu, 24 Apr 2008 04:50:19 GMT Each share of Safeco will be exchanged for $68.25 cash, nearly a 51 percent premium to Safeco’s closing stock price of $45.23 on Tuesday. |
| Triple-A Failure Thu, 24 Apr 2008 20:52:48 GMT How Moody’s and other credit-rating agencies licensed the abuses that created the housing bubble — and bust. |
| ConocoPhillips Profit Up 17% on Higher Oil Prices Thu, 24 Apr 2008 21:20:28 GMT Net income rose to $4.14 billion for the first quarter as the company benefited from record oil prices. |
| PepsiCo Profit Rises 5% on International Growth Thu, 24 Apr 2008 15:03:03 GMT PepsiCo says its first quarter profit rose 5 percent on a big revenue boost in its international division that helped offset higher commodity costs. |
| American Express Profit Slips Amid Credit Losses Thu, 24 Apr 2008 21:08:30 GMT Net income totaled $991 million for the first quarter as the credit card lender saw more U.S. cardholders fail to make their payments. |
| Bristol-Myers Profit Falls on Restructuring Costs Thu, 24 Apr 2008 16:49:13 GMT The drugmaker’s first-quarter adjusted results topped Wall Street forecasts and its shares rose. |
| US Airways and Alaska Air Post Losses Thu, 24 Apr 2008 18:41:21 GMT Citing surging fuel costs that have inflicted pain on the entire industry, US Airways posted a first-quarter loss of $236 million and Alaska Air reported a loss of $35.9 million. |
| Nintendo’s Profit Hits Record High Thu, 24 Apr 2008 14:23:53 GMT Nintendo net profit rose 47.7 percent to a record high, powered by strong sales of software and accessories for its Wii video game console and for its DS handheld devices. |
| Union Pacific Profit Rises, but Outlook Falls Below Estimates Thu, 24 Apr 2008 17:31:59 GMT The railroad’s first-quarter profit beat estimates, as strong pricing offset flat freight volumes and a lower tax rate, but it’s second-quarter outlook fell below market expectations. |
| Dow Chemical Profit Drops on Feedstock and Energy Costs Thu, 24 Apr 2008 19:34:44 GMT The chemical giant said earnings slipped 3 percent to $941 in the first quarter, but still managed to beat Wall Street expectations. |
| Pulte 1Q loss widens on hefty inventory, land charges Wed, 23 Apr 2008 23:00:30 GMT DETROIT (AP) -- Pulte Homes Inc. said Wednesday its first-quarter loss widened after it took a hefty charge amid a worsening housing market. |
| AEP Earnings More Than Double Thu, 24 Apr 2008 15:13:22 GMT American Electric Power said that its first quarter earnings more than doubled from a year ago when it took a big charge for pollution controls installed at two West Virginia power plants. |
| Aetna Profit Slips, but Revenue Beats Estimates Thu, 24 Apr 2008 13:52:26 GMT Membership growth and higher premium rates pushed the health insurer’s revenue higher and the company reaffirmed its outlook for 2008. |
| Travelers Posts Lower Profit, but Raises Outlook Thu, 24 Apr 2008 19:30:26 GMT SAINT PAUL, Minn. (AP) -- Insurer Travelers Companies said Thursday its profit declined in the first quarter, in part because investment income fell amid a weak market. |
| E.D.S. Profit Falls, but Still Tops Expectations Thu, 24 Apr 2008 21:12:49 GMT Texas-based E.D.S. said it earned $62 million in the first quarter, down from $164 million a year earlier when it recorded a huge contract termination payment from Verizon. |
| Northrop Grumman Profit Falls on Ship Charge Thu, 24 Apr 2008 16:52:57 GMT The military contractor said first-quarter profit fell sharply as it took a large charge for a delayed warship. It also cuts its full-year earnings forecast. |
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