News 2008-05-06 Andanh.com

Gas Prices Expected to Peak in June Wed, 07 May 2008 02:04:18 GMT
As oil futures rose above $122 a barrel, the Energy Department said it expected gasoline prices to peak at a national average of $3.73 a gallon in June.

Fannie Mae Wins Cheers Despite Loss Wed, 07 May 2008 02:02:18 GMT
Despite its $2.2 billion quarterly loss, investors were optimistic that the nation’s largest buyer of home loans was in a strong position to select the safest loans available.

Some Signs of an Upturn for the Dollar Wed, 07 May 2008 01:27:24 GMT
After six years of stumbling against the euro, the dollar may be showing signs of getting back on its feet.

Bear’s Family Feud: Quarrel Erupts Between the Bank’s Elder Statesmen Wed, 07 May 2008 02:28:25 GMT
The collapse of the troubled Wall Street bank, has sparked finger-pointing and recrimination by its elder statesman, Alan C. Greenberg and James E. Cayne.

A Technology Consortium Plans a Wireless Network Wed, 07 May 2008 02:59:24 GMT
The group, which includes Sprint Nextel and Google, will announce a $12 billion venture to build a new generation of nationwide wireless data networks.

Cisco Sales Top Lowered Forecast, and Profit Declines Wed, 07 May 2008 02:59:22 GMT
Cisco, a bellwether stock for the technology industry, reported that net income in its third quarter declined 5.4 percent, to $1.8 billion, but that revenue rose 10 percent.

Advertising: The Risks of Brand-Building In the Winner’s Circle Wed, 07 May 2008 02:59:24 GMT
The tragic euthanization of Eight Belles at the Kentucky Derby cast a shadow on the sport and created uncomfortable public relations issues for its sponsors.

No Signs of a Slowdown in Traffic at Disney’s Parks Wed, 07 May 2008 02:59:26 GMT
Watched as an indicator of whether weakness is seeping deeper into the economy, Disney said that operating income in its parks and resorts unit rose 33 percent.

UBS to Cut 5,500 Jobs After Loss Wed, 07 May 2008 00:07:23 GMT
The job cuts came as the largest Swiss bank announced a first-quarter loss of about $10.9 billion.

Tight Credit Worries for a Hotel and Mall Operator Wed, 07 May 2008 00:08:29 GMT
The Lightstone Group, which made one of the last big real estate deals before the credit squeeze, has defaulted on loans for two apartment complexes and is trying to renegotiate other loans.

China-India Rivalry Possible in African Telecom Deal Wed, 07 May 2008 01:30:41 GMT
The battle for the African telecommunications company, the MTN Group, could come down to a clash between the world’s largest, and fastest growing, emerging markets.

Countrywide Admits Errors at Senate Hearing Wed, 07 May 2008 01:29:37 GMT
The chief executive of the beleaguered mortgage lender admitted that the firm’s loan officers had made errors and said it would hire an outside auditor to review its future actions.

Irvine Robbins, Ice Cream Entrepreneur and a Maestro of 31 Flavors, Dies at 90 Wed, 07 May 2008 00:55:24 GMT
With his brother-in-law, Burton Baskin, Mr. Robbins started the Baskin-Robbins ice cream store chain, concocting quirky flavors like Daiquiri Ice and Here Comes the Fudge.

Write-Down at Wachovia Nearly Doubles Its Loss Wed, 07 May 2008 02:59:24 GMT
The reported $708 million loss now equals 36 cents a share, 80 percent more than the $393 million loss, or 20 cents a share, that Wachovia reported on April 14.

Lazard Profit Off 71% on Problems in Corporate Holdings Wed, 07 May 2008 02:59:22 GMT
The investment bank run by Bruce Wasserstein said it was hurt largely by a $28.5 million write-down in its holdings of corporate debt and corporate equity portfolio losses.

Estée Lauder Profit Declines 4% Wed, 07 May 2008 02:59:24 GMT
The weak United States retail environment took a toll on sales of the company’s cosmetics, fragrances and hair care products.

Qwest Profit Drops 35% as Phone Market Tightens Wed, 07 May 2008 01:25:20 GMT
The telecommunications company said it earned $157 million in the first quarter, down from $240 million a year ago, on sharply higher tax expenses.

Charges Bring Loss at Home Builder Wed, 07 May 2008 01:25:20 GMT
D.R. Horton posted a loss of $1.31 billion, or $4.14 a share, in contrast to a profit of $51.7 million, or 16 cents a share, a year ago.

Market Place: Acquisition of Lender Is Possibly in Jeopardy Tue, 06 May 2008 20:36:53 GMT
Wall Street is buzzing that Bank of America’s offer for Countrywide Financial Corporation, the troubled mortgage giant, may be unraveling.

Itineraries: Free Wi-Fi, but Not for All Tue, 06 May 2008 05:37:22 GMT
As travelers demand free Internet access, and providers seek revenue, a compromise is emerging to offer both free and paid options.

Bernanke Urges Flexibility in Mortgage Regulation Tue, 06 May 2008 04:02:50 GMT
The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.

Southwest Is Waiting in the Wings Tue, 06 May 2008 05:57:56 GMT
Southwest Airlines sees an opportunity for its own growth if United and US Airways merge and cut back flights to reduce costs.

Chief of Random House Said to Be Stepping Down Tue, 06 May 2008 06:08:00 GMT
Peter W. Olson, one of the most powerful figures in American book publishing, will step down amid mounting pressure over declining profits at Random House.

On the Road: Run a Red Light, It Goes on the Tab Tue, 06 May 2008 05:53:59 GMT
Rental car companies have a brilliant, and perhaps a bit spooky, way to handle minor traffic ticket fines you might receive in one of their cars: put them on your bill.

Advertising: Calling on Tourists to Come for New York City, but Stay for the State Tue, 06 May 2008 04:56:20 GMT
The “I love New York” slogan is being updated to reflect everything from the new media choices consumers are making to higher gas prices and other travel expenses.

Microsoft to Put Voice-Activation Software in Hyundais Tue, 06 May 2008 15:13:16 GMT
With both Ford and Hyundai as customers, Microsoft’s software could potentially be put into more than eight million vehicles worldwide each year.

Economic Scene: Seeing Inflation Only in the Prices That Go Up Wed, 07 May 2008 02:59:21 GMT
Inflation really has gotten worse recently — it was only 2 percent a year and a half ago — but it’s not as bad as it feels.

Legg Mason Posts First Loss Tue, 06 May 2008 15:52:38 GMT
The asset manager posted a fourth-quarter loss of $255.5 million as it took a big charge related to a bailout of funds exposed to risky securities and suffered outflows from its funds.

NYSE Euronext Profit Triples on Higher Volumes Tue, 06 May 2008 14:09:25 GMT
The trans-Atlantic stock exchange operator said it earned $230 million in the first quarter, reflecting the addition of Euronext’s activities to those of the parent of the New York Stock Exchange.

Emerson Electric Beats Estimates Tue, 06 May 2008 15:18:12 GMT
The company said second-quarter earnings rose 11 percent on strong international demand from the energy sector and global sales of its network power and industrial automation systems.

Molson Coors Profit Tops Expectations Tue, 06 May 2008 16:21:23 GMT
The maker of Molson Canadian and Coors Light beer said first-quarter net income was up sharply, helped by a lower tax rate and the weak dollar.

Sara Lee Profit Up on Higher Prices and Weak Dollar Tue, 06 May 2008 21:20:22 GMT
The food and household products manufacturer said that its third-quarter profit doubled, but the results fell short of Wall Street expectations.

Hit Movie Helps Marvel Stock Soar Tue, 06 May 2008 04:57:01 GMT
Shares of the comic book publisher, soared on Monday after “Iron Man,” its first self-produced film, raked in more than $100 million in ticket sales over the weekend.

How Much for Those Baby Photos? Mon, 05 May 2008 03:17:07 GMT
Can a few snapshots of a baby or a bride, accompanied by a fawning article, really be worth millions of dollars? In the competitive world of celebrity magazines, they just might be.

Advertising: Publisher Tested the Waters Online, Then Dove In Mon, 05 May 2008 17:51:21 GMT
The niche publisher I.D.G. has been working out the answers to some big mainstream questions. The biggest: Can print media survive the transition to the Internet?

Mobile TV Spreading in Europe and to the U.S. Mon, 05 May 2008 19:24:46 GMT
Tiny TV, the kind that is watched on a cellphone, is spreading beyond Japan and South Korea, where it has been available for three years. But will it be profitable?

Media Talk: Catch and Release? Yes, Says Moneyman Mon, 05 May 2008 03:32:53 GMT
Ryan Kavanaugh, the film financier whose film credits include “Catch and Release,” has been trying to get law enforcement officials to emulate the title.

Media Talk: Again, the Journal’s Cartoon Is Off the Editorial Page Mon, 05 May 2008 03:36:22 GMT
Amid a sea of changes at Rupert Murdoch’s Wall Street Journal, a slice-of-life cartoon that has been a mainstay of the editorial page has decamped to the Leisure & Arts section.

Media Talk: Predicting the Trends of ‘American Idol’ Mon, 05 May 2008 13:40:39 GMT
TiVo has made watching commercials unnecessary. Is it now trying to make watching reality shows a thing of the past, too?

In Pellicano Case, Lessons in Wiretapping Skills Mon, 05 May 2008 03:20:03 GMT
The wiretapping trial of Anthony Pellicano, the accused sleuth to the stars, has offered a close look into the surprisingly easy access to all sorts of spyware.

An Alternative Approach to Marketing Rock Bands Mon, 05 May 2008 04:31:59 GMT
The music label Fueled by Ramen has figured out a way to bring cross-promotion to the Internet, keeping fans of one of its bands just a click away from the label’s other acts.

Walters, Canny Survivor, Adds It All Up Mon, 05 May 2008 05:39:54 GMT
Until Barbara Walters wrote her autobiography, “Audition,” she resisted entreaties to tell all about her eventful life.

The Media Equation: Steve Jobs Stakes Out the TV Den Mon, 05 May 2008 11:39:31 GMT
A lot of us carry a little bit of Steve Jobs around in our pocket, in the form of iPods and iPhones. Now, Apple is after the remaining bit of life-share that it doesn’t already own, the home front.

In Europe, New Scrutiny of Ethical Standards Tue, 06 May 2008 21:20:56 GMT
A series of bribery investigations at leading European companies has helped to accelerate compliance with global anti-corruption standards, legal analysts and international regulators say.

Baltic Pipeline Stalls 3 Years After Deal Tue, 06 May 2008 21:30:34 GMT
A pipeline that Russia and Germany want to build under the Baltic Sea is facing so much opposition and scrutiny that the pipeline company, Nord Stream, has yet to obtain a single construction permit.

August Said to Be Target for New iPhone in Europe Tue, 06 May 2008 14:58:19 GMT
Apple plans to begin selling the long-awaited, faster 3G version of its iPhone by August in some European countries, as part of an expanded rollout announced on Tuesday.

China Petrochemical Project Opposed Tue, 06 May 2008 15:09:32 GMT
It was the latest in a series of rare but increasingly ambitious protests against government-backed industrial projects on environmental and health grounds.

Shifting Careers: Why Leisure Matters in a Busy World Mon, 05 May 2008 12:38:19 GMT
Leisure has many different definitions — we can even have leisure at work and be more productive, healthy and creative.

Is Clinton Biting Wall Street’s Hand? Tue, 06 May 2008 20:10:07 +0000
As the Democratic presidential primary drags on, Hillary Rodham Clinton has fired warning shots across Wall Street’s bow. In a speech in Indiana last week, Mrs. Clinton reportedly said, “Why don’t we hold these Wall Street money-grubbers responsible for their role in this recession?” Her normally responsive staff took an entire day to respond to the statement, [...]

Microsoft-Yahoo: Not Dead Yet? Tue, 06 May 2008 17:41:48 +0000
It’s not over until… well, when is it really over? Microsoft has formally withdrawn its offer for Yahoo, and one of Microsoft’s top executives on Tuesday called it the “end of the story,” according to Reuters. But some Yahoo shareholders seem to think there is another chapter to be written in this tech saga — one [...]

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