News 2008-04-30 Andanh.com

Fed Cuts Rate by a Quarter Point, to 2% Wed, 30 Apr 2008 19:57:20 GMT
The Federal Reserve reduced short-term interest rates for the seventh time in seven months, the latest in a series of measures to stabilize financial markets.

Slight Economic Growth; Consumer Spending Weakens Wed, 30 Apr 2008 19:07:26 GMT
Economic growth expanded only modestly in the first three months of the year, reflecting consumers’ more thrifty inclinations.

G.M. Posts $3.3 Billion Loss Wed, 30 Apr 2008 19:34:17 GMT
The results are likely to raise questions about the viability of G.M.’s turnaround, particularly after its cross-town rival, Ford, reported a profit last week.

Time Warner Spinning Off Cable Unit Wed, 30 Apr 2008 19:35:21 GMT
The announcement, which was not unexpected, came as Time Warner reported quarterly earnings that were largely in line with Wall Street’s expectations.

H.P. Unveils New Memory Technology Wed, 30 Apr 2008 17:10:09 GMT
A device, called a memristor, is an electrical resistor with memory properties. The technology could eventually build very dense chips that go beyond DRAM and use much less power.

The Classroom Path to Entrepreneurship Wed, 30 Apr 2008 19:48:51 GMT
As college courses in how to start small businesses are becoming as ubiquitous as Economics 101, gone is the conventional wisdom that such skills cannot be learned in class.

Citigroup Sells $4.5 Billion in Shares Wed, 30 Apr 2008 15:15:18 GMT
The sale of new common shares was another effort by the banking giant to shore up its balance sheet. The offering was priced at $25.27 a share.

S.E.C. Charges Alabama Mayor in Bond Case Wed, 30 Apr 2008 19:19:24 GMT
The Securities and Exchange Commission said it charged the mayor of Birmingham, Alabama, in connection with an undisclosed payment scheme in municipal bond deals.

Procter & Gamble Profit Up 8% Wed, 30 Apr 2008 16:11:55 GMT
Price increases and cost controls helped offset higher commodity costs at the consumer products maker, which raised its full-year outlook, sending shares up.

The Food Chain: Shortages Threaten Farmers’ Key Tool: Fertilizer Wed, 30 Apr 2008 17:42:34 GMT
Shrinking grain stocks and an increasing appetite for meat have collided with a shortage of fertilizer.

Bush Says Pain From Economy Defies Easy Fix Wed, 30 Apr 2008 11:17:28 GMT
President Bush accused the Democratic-controlled Congress of stalling on bills that would address pocketbook issues.

The Road to a Jumbo Mortgage Was Supposed to Get Easier Wed, 30 Apr 2008 05:41:37 GMT
The effort to make it easier to get loans over $417,000 has yielded frustration, with many saying the loans are not available or the rates are far higher than they expected.

Federal Mortgage Plan Falls Short, Critics Say Wed, 30 Apr 2008 05:44:03 GMT
Statistics show that most people who have refinanced are homeowners who make their payments on time, not borrowers in crisis.

A New Wave of Vilifying Short Sellers Wed, 30 Apr 2008 05:14:13 GMT
Short sellers are drawing fire once again, being accused of spreading rumors, persecuting companies and unsettling entire economies.

Some Chinese Exporters Prefer Euros to Dollars Wed, 30 Apr 2008 05:51:10 GMT
Facing losses tied to a falling dollar and weakening American demand, some Chinese exporters are asking European customers to pay in euros. Others are trying to increase domestic sales.

Patent Law Battle a Boon to Lobbyists Wed, 30 Apr 2008 05:33:53 GMT
In 15 months, two dueling business coalitions have spent $4.3 million lobbying on legislation that calls for the biggest changes in United States patent law in more than 50 years.

Committee Criticizes Move at Journal Wed, 30 Apr 2008 05:17:33 GMT
The ouster of The Wall Street Journal’s top editor last week did not live up to the conditions that the News Corporation agreed to when it bought the paper, an oversight committee said.

Drug From Genentech and Biogen Fails as a Lupus Treatment Wed, 30 Apr 2008 05:24:46 GMT
The companies said that their drug Rituxan did not achieve any of seven measures of effectiveness in a late-stage patient trial.

Square Feet: With Books as a Catalyst, Minneapolis Neighborhood Revives Wed, 30 Apr 2008 05:23:43 GMT
Three nonprofit groups opened Open Book, a literary and arts center, in May 2000, and a neighborhood renaissance flowered.

Square Feet: Pushcarts Give Way to High-End, High-Rent Boutiques Wed, 30 Apr 2008 05:22:48 GMT
On Manhattan’s Lower East Side, rent increases of 40 percent are common as long leases end and buildings change ownership after years in the same family.

Television Segment Helps CBS Beat Forecast Wed, 30 Apr 2008 05:17:50 GMT
CBS said its television profit rose 15 percent, to $402 million, in part because of lower production costs during the strike by the Writers Guild of America.

Advertising: Telling the Heavyweights They Have to Be Agile Wed, 30 Apr 2008 05:20:52 GMT
As the advertising industry confronts profound changes in media and technology, agency leaders were given a dose of tough love at their annual conference.

Countrywide Says It Lost $893 Million in Quarter Wed, 30 Apr 2008 05:18:27 GMT
It was the third consecutive quarterly loss for the nation’s largest mortgage lender and servicer.

Lord & Taylor Considers Stores Outside U.S. Wed, 30 Apr 2008 05:23:53 GMT
The quintessentially American department store is weighing opening stores outside the United States, possibly in Mexico and Canada, its chairman said.

Confidence Falls as Home Prices Decline Wed, 30 Apr 2008 05:19:50 GMT
Americans’ confidence in the economy plunged again this month, and their homes lost value at the fastest rate in two decades, according to two reports released on Tuesday.

Race Is On to Advance Software for Chips Wed, 30 Apr 2008 14:09:18 GMT
Three rival teams of computer researchers are working on new types of software needed to better use computer chips that can process many tasks at the same time.

Jury in Wiretap Case Told That Defendant Is a ‘Thug’ Wed, 30 Apr 2008 05:18:36 GMT
Prosecutors told jurors that Anthony Pellicano was a “very well-paid thug” who used wiretaps and crooked police officers to dig up dirt for his celebrity clients.

Federal Money in Health Care Plan From McCain Wed, 30 Apr 2008 17:47:24 GMT
The senator called for the federal government to give money to states to help cover people who have been denied health insurance.

Latin American Sales Bolster Avon’s Results Wed, 30 Apr 2008 03:15:53 GMT
Avon Products said its first-quarter profit rose 23 percent as international sales, particularly in Latin America, offset declining North American revenue.

Cox Enterprises to Acquire Adify, an Ad Tech Firm Wed, 30 Apr 2008 14:54:21 GMT
The media company, which has holdings in newspapers, radio and television, said it would pay $300 million in cash for the advertising technology company Adify.

Investors Cautious Before Rate Decision Wed, 30 Apr 2008 05:26:38 GMT
Wall Street turned in a mixed performance Tuesday as investors traded cautiously ahead of the Federal Reserve’s decision on Wednesday on interest rates.

Life Stalls in Venezuela as Power Shuts Off Wed, 30 Apr 2008 06:16:59 GMT
Government electricity officials gave different reasons for the blackout, which lasted more than two hours in parts of Caracas.

Alcatel-Lucent Posts Loss as Revenue Slips Wed, 30 Apr 2008 15:20:20 GMT
Scaling back its market forecast for 2008, the telecommunication equipment giant said it expected annual revenues to fall.

Siemens Reports Drop in Profit Wed, 30 Apr 2008 16:31:33 GMT
The German conglomerate said that its second-quarter net profit slid 67 percent, weighed down by weaker performance in its major business projects.

IAC Quarterly Profit Falls Wed, 30 Apr 2008 14:47:34 GMT
The Internet conglomerate said first-quarter net profit fell to $52.8 million, hurt by declines at its catalog business and a loss at its online mortgage site LendingTree.

Interpublic Group Narrows Quarterly Loss Wed, 30 Apr 2008 15:14:24 GMT
The advertising services company added clients as advertising spending held up despite the economic slowdown.

Kraft Foods Profit Falls 13% Amid Higher Costs Wed, 30 Apr 2008 18:00:23 GMT
The maker of Oscar Mayer hot dogs, Maxwell House coffee and Oreo cookies did benefit from across-the-board price increases of its products, with sales jumping 21 percent.

Kellogg’s Profit Falls, but Beats Expectations Wed, 30 Apr 2008 16:30:23 GMT
The cereal and snack maker reported that its first-quarter profit dipped 2 percent, despite recent price increases intended to offset higher costs. The results beat Wall Street estimates.

International Paper Earnings Down Sharply Wed, 30 Apr 2008 16:21:41 GMT
The company missed Wall Street expectations as price increases failed to offset higher raw material costs and uncoated paper shipment volumes fell.

OfficeMax Profit Rises on Investment Wed, 30 Apr 2008 16:36:15 GMT
The office supply retailer said first-quarter profit climbed 9 percent, helped by a gain from its investment in Boise Cascade.

Jones Apparel Profit Falls Wed, 30 Apr 2008 16:48:10 GMT
The clothing and shoe company, hurt in the first quarter by one-time items and the weak retail environment, also cut its 2008 outlook. The results, however, beat analysts’ estimates.

Martha Stewart Living Narrows Its Loss Wed, 30 Apr 2008 04:14:03 GMT
Martha Stewart Living Omnimedia reported a net loss of $4.2 million, compared with a loss of $11.9 million a year earlier, helped by higher advertising sales at its magazine.

McGraw-Hill Profit Falls 44% Wed, 30 Apr 2008 00:07:25 GMT
Earnings fell to $81.1 million as business dropped at the company’s Standard & Poor’s ratings agency. The results beat Wall Street estimates, but the company forecast a decline in full-year earnings.

Belo Posts Loss After Spinning Off Newspapers Wed, 30 Apr 2008 04:50:24 GMT
The television station and cable company, reported a loss on Tuesday for the first quarter after accounting for the spinoff of four newspapers.

China Investigates Forced Child Labor Wed, 30 Apr 2008 19:44:54 GMT
Authorities said they had “rescued” more than 100 children from factories in a manufacturing center.

Record Profits Reported for BP and Shell Wed, 30 Apr 2008 05:29:55 GMT
Royal Dutch Shell and BP’s record first-quarter profits, beat analysts’ expectations and prompted share gains across the industry.

Soaring Food Prices Imperil Meals for Poor in Cambodia Wed, 30 Apr 2008 07:26:43 GMT
The rice stocks at several hundred schools across Cambodia will run out within 30 days because of soaring food prices.

Daimler’s Profit Falls by a Third, but Sales Are Up Slightly Wed, 30 Apr 2008 03:18:16 GMT
The company earned 1.3 billion euros ($2.03 billion), down from 1.9 billion euros in the comparable period a year earlier.

Deutsche Bank Posts Quarterly Loss, Evidence of the Reach of the Financial Crisis Wed, 30 Apr 2008 05:25:07 GMT
The bank, which had won praise in financial circles for seeming to weather the credit storm better than most of its peers, reported a $395 million first-quarter loss.

Tool Kit: Don’t Be Afraid to Delegate Tue, 29 Apr 2008 17:39:06 GMT
Small-business owners need to delegate, if they wish to grow, and that is a concept that can be difficult for many to accept.

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