News 2008-04-29 Andanh.com

Oil Price Rise Fails to Open Tap Tue, 29 Apr 2008 11:59:32 GMT
A central reason that oil supplies are not rising with demand is that major producers outside OPEC, like Russia, Mexico and Norway, are showing signs of sluggishness.

Shell and BP Report Record First-Quarter Profits Tue, 29 Apr 2008 11:56:56 GMT
Higher oil and gas prices helped Europe’s two biggest oil companies to beat analysts’ expectations.

United Said to Restart Talks With US Airways Tue, 29 Apr 2008 06:45:36 GMT
Although rival carrier Continental Airlines abandoned merger talks, United will keep looking for a partner, its chief executive, Glenn F. Tilton, said.

Kerkorian Buys Stake in Ford Tue, 29 Apr 2008 07:23:00 GMT
Upon completing his offer for a total of 120 million shares, Kirk Kerkorian would own a 5.6 percent stake in Detroit’s second-largest automaker.

With Demand Slipping for Its Pickups and S.U.V.’s, G.M. Will Lay Off 3,550 Tue, 29 Apr 2008 05:33:25 GMT
General Motors plans to slash production of big trucks and sport utility vehicles by nearly 140,000 units this year, a move that would eliminate assembly shifts at four plants.

Mars Offers $23 Billion Cash for Wrigley Tue, 29 Apr 2008 07:32:07 GMT
Analysts expect the companies to become a potent new marketing force as they try to appeal to a fast-growing markets in countries like China, India and Russia.

Panel to Look at Foreclosure Practices Tue, 29 Apr 2008 07:02:11 GMT
A Senate subcommittee plans to investigate whether mortgage lenders are deepening the foreclosure crisis by levying dubious fees on troubled borrowers.

No Break in the Standoff of Microsoft and Yahoo Tue, 29 Apr 2008 05:03:31 GMT
The deadline that Microsoft imposed on Yahoo to reach a negotiated merger agreement passed April 26, and the two companies are still not talking.

Bank of America Vows More Help for Countrywide Mortgage Debtors Tue, 29 Apr 2008 05:28:17 GMT
The bank said it would modify at least $40 billion in problem loans from at least 265,000 borrowers over the next two years.

For Gamers, the Craving Won’t Quit Tue, 29 Apr 2008 05:23:34 GMT
During the next two weeks, some five million couch jockeys are expected to plunk down $60 to buy Grand Theft Auto IV, the new release of a violent and episodic game.

Advertising: A New Mideast Paper Vows to Be Different Tue, 29 Apr 2008 04:47:46 GMT
One of the Middle East’s wealthiest ruling families has a new asset: The National, a newspaper that promises independence from its royal owners.

Mistrial Rejected in Pellicano Case Tue, 29 Apr 2008 05:41:22 GMT
Closing arguments will begin in Anthony Pellicano’s Hollywood wiretapping case after a federal judge rejected a defendant’s call for a mistrial.

WB Network to Return as a Web Site Tue, 29 Apr 2008 02:28:03 GMT
The launch of TheWB.com and KidsWB.com is part of TimeWarner’s “digital destination” strategy to tailor Web sites to specific audiences.

Hotels Try New Features With Test Rooms Tue, 29 Apr 2008 07:19:45 GMT
Hotels are increasingly using test rooms with experimental technology and features.

Calpers Chief Executive to Enter Private Sector Tue, 29 Apr 2008 04:13:37 GMT
Fred R. Buenrostro Jr. is the second top executive to announce his departure from California’s public employee pension system in recent weeks.

On the Road: 2 Casualties Don’t Deter All-Business-Class Rivalry Tue, 29 Apr 2008 07:24:53 GMT
High oil prices and stiff competition from major carriers might be taking its toll on the all-business-class start-ups, but don’t consign the concept to the ash heap yet.

Frequent Flier: When Your Laptop’s Flight Is More Interesting Than Yours Tue, 29 Apr 2008 07:22:15 GMT
A businesswoman made her way to Chicago but her laptop found a new home with a would-be Romeo in Nicaragua.

Memo Pad: More Checked Bag Fees in Coach Tue, 29 Apr 2008 07:25:24 GMT
American Airlines plans to join the competition May 12 and start charging $25 for a second checked bag.

Venture Firm Hires Creative Chief at Electronic Arts Tue, 29 Apr 2008 06:30:01 GMT
William B. Gordon, a dean of video games who was one of Electronic Arts’ first employees, in 1982, is leaving E.A. for the venture capital firm Kleiner Perkins Caufield and Byers.

Most Papers Again Report Big Declines in Circulation Tue, 29 Apr 2008 04:13:07 GMT
Top U.S. newspapers posted further declines in weekday circulation in the six-month period ended in March, with the exception of USA Today and The Wall Street Journal.

Europeans See Inflation Penalizing the Poorest Tue, 29 Apr 2008 07:11:26 GMT
Europe is facing a “very strong inflationary shock” as a result of rising energy and food costs, the top European Union official for economic affairs said on Monday.

Merck Cholesterol Drug Rejected by F.D.A. Tue, 29 Apr 2008 04:52:47 GMT
An experimental cholesterol drug being developed by Merck & Company was rejected by the Food and Drug Administration, the company said on Monday.

Strike Possible This Week at Bloomingdale’s Main Store Tue, 29 Apr 2008 06:59:38 GMT
Bloomingdale’s storied Manhattan window displays could soon be obscured by an unusual sight: picketing workers.

Ford Canada and Union Reach Deal Tue, 29 Apr 2008 06:06:48 GMT
The tentative contract agreement would not create a lower wage rate scale for newly hired employees but would impose wage freezes and trim some benefits.

Merrill Hires Ex-Goldman Official Tue, 29 Apr 2008 04:38:58 GMT
Merrill Lynch said on Monday that it had hired Thomas Montag, the former co-head of global securities trading at Goldman Sachs.

Loews Profit Falls 14% Tue, 29 Apr 2008 10:05:45 GMT
Declining results from the conglomerate’s insurance and tobacco units offset improved results from drilling operations in the quarter.

Earnings Up Almost 10% at Verizon in Quarter Tue, 29 Apr 2008 05:12:31 GMT
More expensive wireless contracts helped drive earnings up nearly 10 percent during the carrier’s first quarter, offsetting declines in its traditional phone service.

Sysco, Food Distributor, Beats Profit Estimates Tue, 29 Apr 2008 04:43:05 GMT
The food distributor posted net income of $240.9 million for the 13-week period that ended March 29, compared with $221 million a year earlier.

RadioShack Profit Falls Tue, 29 Apr 2008 05:20:26 GMT
The consumer electronics retailer said its profit fell to $38.8 million on sales of $949 million, down from $42.5 million on sales of $992 million a year earlier.

AH Belo Posts Quarterly Loss on Weak Ad Sales Tue, 29 Apr 2008 10:06:06 GMT
AH Belo reported a loss in its first quarter since the newspaper company was spun off from Belo Corporation, with advertising revenue down and expected to fall further during 2008.

Tyson Posts a Loss, but Surpasses Forecasts Tue, 29 Apr 2008 03:53:00 GMT
Tyson Foods posted a small loss for the quarter on Monday, but the results were better than expected, partly because of higher pork prices.

Visa Reports Higher Profit Amid a Rise in Card Use Tue, 29 Apr 2008 03:48:09 GMT
The world’s largest credit and debit card processor, said its profit rose 28 percent in the first three months of the year.

Earnings Buoy Humana Forecast Tue, 29 Apr 2008 05:06:32 GMT
The health insurer Humana reported a rise of more than 12 percent in first-quarter profit Monday, surpassed analysts’ expectations.

Stocks & Bonds: Markets Await Fed’s Interest Rate Verdict Tue, 29 Apr 2008 04:16:32 GMT
A session of modest moves came despite one of the most active days for acquisitions in almost three months and ahead of a widely expected interest rate cut by the Fed.

Its Candidates Otherwise Engaged, Democratic Party Goes After McCain Tue, 29 Apr 2008 06:24:03 GMT
A new advertisement is an effort by the relatively cash-poor party headquarters to pick up the slack against the presumptive Republican nominee.

Democrats Divided Over Gas Tax Breaks Tue, 29 Apr 2008 11:58:01 GMT
Hillary Rodham Clinton endorsed a plan to suspend the federal excise tax on gasoline, while Barack Obama spoke out firmly against the proposal.

Tax Rebates in $168 Billion Stimulus Plan Begin Arriving in Bank Accounts Tue, 29 Apr 2008 04:47:59 GMT
The federal government began issuing electronic tax rebates under a $168 billion program to bolster the economy.

William H. Stewart Is Dead at 86; Put First Warnings on Cigarette Packs Tue, 29 Apr 2008 04:19:57 GMT
Dr. Stewart put the first health warnings on cigarette packs and integrated the United States Public Health Service and many Southern hospitals.

Dealbook: Junk Bonds, Mortgages and Milken Tue, 29 Apr 2008 11:40:38 GMT
Michael R. Milken invented the junk bond and popularized securitization, but don’t blame him for the current mess.

Daimler’s Profit Slips Despite Solid Sales Tue, 29 Apr 2008 11:00:20 GMT
Automaker Daimler AG says its first-quarter profit slipped from last year, when its results were lifted by a one-time gain from the transfer of shares in Airbus parent EADS.

Shell’s First-Quarter Profits Beat Forecast Tue, 29 Apr 2008 06:23:02 GMT
Helped by record oil prices, Royal Dutch Shell beat forecasts on Tuesday with a 12 percent rise in its first quarter current cost of supply net income.

BP Reports 48 Percent Leap in First-Quarter Tue, 29 Apr 2008 08:31:37 GMT
BP beat forecasts on Tuesday with a 48 percent leap in first-quarter replacement cost net income, helped by record oil prices.

Deutsche Bank Reports Quarterly Loss Tue, 29 Apr 2008 09:36:53 GMT
Deutsche Bank reported its first quarterly loss in five years as the cost of the global financial crisis mounted for Germany’s biggest bank.

Revealing Photo Threatens a Major Disney Franchise Tue, 29 Apr 2008 03:12:51 GMT
A picture of Disney star Miley Cyrus posing in satin sheets in Vanity Fair has sparked outrage from parents.

Murdoch’s ‘Head of Content’ Mon, 28 Apr 2008 17:31:13 GMT
Robert Thomson, the new de-facto editor at The Wall Street Journal, is charged with executing the vision of its owner, Rupert Murdoch.

Link by Link: Reluctantly, a Daily Stops Its Presses, Living Online Mon, 28 Apr 2008 17:23:52 GMT
On Saturday, The Capital Times, the fabled 90-year-old daily newspaper of Madison, Wis., stopped printing to devote itself to publishing its daily report on the Web.

Better Days, and Even the Candidates, Are Coming to W.W.E. Mon, 28 Apr 2008 19:08:09 GMT
Senators Hillary Rodham Clinton, John McCain and Barack Obama appeared on World Wrestling Entertainment last week.

President Drops in on ‘Deal or No Deal’ Mon, 28 Apr 2008 03:43:40 GMT
President Bush’s appearance on the NBC game show bore an uncanny resemblance to the satirical movie “American Dreamz.”

Take a Picture of an Ad, Earn a Reward Mon, 28 Apr 2008 17:26:45 GMT
The magazines Rolling Stone and Men’s Health are testing programs in which readers can take cameraphone pictures of icons on ads to receive more information or an offer from the advertiser.

Advertising: The Four A’s Tries to Rebuild Momentum Mon, 28 Apr 2008 03:49:35 GMT
The annual management conference of the leading industry trade organization, the American Association of Advertising Agencies, which starts Monday, is looking to offer a stronger program.

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