News 2008-07-30 Andanh.com

Trade Talks Broke Down Over Chinese Shift on Food Wed, 30 Jul 2008 21:06:22 GMT
A farmer selling her produce at a market in Hefei, in eastern China's Anhui province, last week.

F.D.A. to Tighten Use of Amgen Anemia Drugs Wed, 30 Jul 2008 21:12:20 GMT
The move, which the F.D.A. is expected to announce on Wednesday, represents the first time the agency has ordered changes in a drug’s prescribing information.

United Accuses Pilots of Causing Delays Wed, 30 Jul 2008 20:50:24 GMT
United Airlines filed suit in federal court against its pilots’ union, asking it to stop pilots from engaging in slowdowns it said led to the cancellation of hundreds of flights.

Fed’s Move Helps Stocks Jump for Second Day Wed, 30 Jul 2008 20:55:26 GMT
Wall Street stocks pushed sharply higher for a second day as investors applauded more support from the Fed in helping financial firms work through the financial crisis.

Fed Extends Borrowing Program Wed, 30 Jul 2008 15:12:19 GMT
The program, which allows investment houses to tap the central bank for a quick source of cash, is intended to help ease a tight credit market.

Sweeping Housing Bill Signed by Bush Wed, 30 Jul 2008 20:40:16 GMT
The bill offers protections for the nation’s mortgage finance giants and help for troubled homeowners.

Strong Quarter for ESPN Lifts Disney Wed, 30 Jul 2008 21:15:32 GMT
Disney posted an 8.5 percent rise in quarterly profit as a result of a strong performance by its media networks.

Starbucks Reports a Loss on Restructuring Wed, 30 Jul 2008 21:17:28 GMT
Starbucks said it posted its first quarterly net loss since it went public in 1992, as it booked charges related to closing stores and turning around its business.

Nissan Offering Buyouts at 2 Tennessee Plants Wed, 30 Jul 2008 20:06:40 GMT
The automaker said rising fuel prices and the economic downturn have slowed sales of trucks and sport utility vehicles.

Connecticut Sues Firms Over Credit Ratings of Cities Wed, 30 Jul 2008 19:51:03 GMT
Connecticut sued three leading credit rating firms, saying they gave artificially low ratings to cities and towns that cost taxpayers millions in higher interest payments.

Wyeth and Elan Shares Plunge on Alzheimer’s Drug Results Wed, 30 Jul 2008 21:00:35 GMT
Detailed clinical trial results for the companies’ new Alzheimer’s drug raised safety issues and disappointed bullish investors.

Schaeffler Launches Hostile Bid for Continental Wed, 30 Jul 2008 14:14:17 GMT
German ball-bearing maker Schaeffler has launched a hostile $18 billion bid to buy tire-to-brakes firm Continental as the dispute over takeover tactics continues.

Practically Speaking: High Gas Prices Hurting Small Businesses Wed, 30 Jul 2008 20:31:49 GMT
High gas prices have forced Ron Jones, left, the vice president of Sam's Limousines, to replace his limousines with other vehicles to transport passengers, including party buses.

Helped by Cost Cuts, EADS Profit Rises Wed, 30 Jul 2008 15:15:17 GMT
The parent of the plane maker Airbus said Wednesday that its second-quarter earnings rose from a year earlier as it sold more planes and cut costs across the business.

Energy Prices Are Bright Sliver in Grim Economy Wed, 30 Jul 2008 15:49:21 GMT
Oil has dropped more than $23 a barrel, or 16 percent, and gasoline prices have fallen as Americans drive less.

With Security at Risk, a Push to Patch the Web Wed, 30 Jul 2008 19:37:40 GMT
Dan Kaminsky, a Web security specialist, showing a list of servers and whether they are patched.

A Deal at Merrill Puts Spotlight on Others Wed, 30 Jul 2008 05:42:35 GMT
The fire sale of mortgage investments at Merrill Lynch raises a troubling question for the nation’s financial industry: Have other banks with similar investments overestimated their values?

An Investment Firm That Prospered From Past Crises Turns to Mortgages Wed, 30 Jul 2008 05:23:15 GMT
John P. Grayken made a fortune buying investments no one else seemed to want during the savings and loan debacle in the early 1990s. Now he is trying to repeat that feat by buying mortgages.

Only a Game? A Fight Over Scrabble Has Web Fans Fuming Wed, 30 Jul 2008 16:46:40 GMT
Scrabulous became unavailable on Tuesday to Facebook users in the United States and Canada.

U.S. Won’t Release Land in Conservation Program Wed, 30 Jul 2008 16:15:21 GMT
Despite pressure, the Department of Agriculture said it would not waive penalties for farmers who decide to plant crops on land set aside for conservation.

Restaurant Chains Close as Diners Reduce Spending Wed, 30 Jul 2008 05:36:59 GMT
Bennigan’s is among the chains squeezed by high food costs and a shift in consumer spending habits. Its closing will cost hundreds of jobs.

Advertising: Tug of War in Food Marketing to Children Wed, 30 Jul 2008 04:19:45 GMT
The Federal Trade Commission issued a report detailing the pervasiveness of food marketing to children, and a coalition of food companies responded with its own report arguing they had made progress on the issue.

Top 2 Bosses at Alcatel Are Leaving Wed, 30 Jul 2008 04:16:24 GMT
Serge Tchuruk, the chairman of Alcatel-Lucent, and Patricia F. Russo, the chief executive, at the shareholders meeting in May.

British Airways in Merger Talks Wed, 30 Jul 2008 04:53:48 GMT
British Airways and Iberia, the flag carriers of Britain and Spain, said Tuesday that they were discussing an all-stock merger amid a challenging economic climate.

Delta Raises Fee for a Second Bag Wed, 30 Jul 2008 04:54:06 GMT
Delta’s new fees will apply to bookings on or after Thursday for travel after Tuesday. Among the changes, items weighing more than 50 pounds will cost more.

Square Feet: At Kennedy, Shopping and Dining, Followed by a Takeoff Wed, 30 Jul 2008 04:29:18 GMT
Diners in Terminal 5 at Kennedy Airport will be able to place orders using touch screens.

Canadian Mine Operator Bids to Buy Coal Producer Wed, 30 Jul 2008 04:21:51 GMT
Teck Cominco, a major Canadian mining company, made a $14.4 billion bid for Fording Canadian Coal Trust, a producer of high-value coal used to make steel.

Union of Whole Foods and Wild Oats Is Put in Doubt Wed, 30 Jul 2008 04:16:15 GMT
George Singer in a Wild Oats store last year in Long Beach, Calif. Many of the stores have been reflagged as Whole Foods stores.

S.E.C. Extends Short-Sale Limits Wed, 30 Jul 2008 04:53:57 GMT
The Securities and Exchange Commission extended an emergency limit on short sales in shares of Freddie Mac, Fannie Mae and 17 brokerage firms as it prepares broader rules to thwart stock manipulation.

Britain Arrests 8 in Trading Inquiry Wed, 30 Jul 2008 04:53:54 GMT
The Financial Services Authority, the British financial regulator, said eight people were arrested across London and southeast England as part of an insider-dealing investigation.

Ex-Enron Official to Pay Millions to Settle Wed, 30 Jul 2008 04:53:50 GMT
A former top executive of Enron is paying $31.5 million to settle charges that he used inside information to profit illegally from sales of thousands of shares of company stock in 2001.

Starbucks Says It Will Eliminate 1,000 Jobs Wed, 30 Jul 2008 04:53:45 GMT
Starbucks said that it was cutting 1,000 support jobs and eliminating the position of chief operating office.

Amazon Offers Other Sites Use of Its Payment Service Wed, 30 Jul 2008 05:44:10 GMT
The Seattle-based online retailer unveiled a new payment service that it will offer other online retailers to use on their Web sites.

Otto Fuerbringer, Former Time Editor, Dies at 97 Wed, 30 Jul 2008 06:59:52 GMT
Otto Fuerbringer in 1982.

Visa Quarterly Earnings Rise 41 Percent Wed, 30 Jul 2008 21:25:16 GMT
Credit card network Visa said quarterly earnings rose 41 percent as fee revenue from international transactions rose.

Comcast Profit Rises 8 Percent Wed, 30 Jul 2008 14:50:18 GMT
Comcast said its second-quarter profit rose 8 percent as cable TV rates rose and consumers ordered more digital and premium services.

Siemens Profit Falls 31 Percent Wed, 30 Jul 2008 16:07:30 GMT
Siemens said its third-quarter profit fell 31 percent from the same period a year ago, but was buoyed by better orders for power plants.

ArcelorMittal Profit More Than Doubles Wed, 30 Jul 2008 12:31:15 GMT
BRUSSELS, Belgium (AP) -- ArcelorMittal SA, the world's largest steelmaker, said Wednesaday its second-quarter profit more than doubled as it increased steel prices to defray higher costs for energy and iron ore.

Tata Motors Net Falls 30 Percent Wed, 30 Jul 2008 13:04:59 GMT
Tata Motors, India’s top automaker, reported a 30 percent fall in profit as rising interest rates and raw material costs dented demand for its trucks and buses.

Germany’s Bayer Earnings Higher Wed, 30 Jul 2008 13:17:55 GMT
Bayer’s quarterly core profit rose 5 percent as strong sales of its weed and fungus killers and cancer drugs more than offset weaker plastics earnings.

IAC Posts Loss on Charges Wed, 30 Jul 2008 13:12:12 GMT
IAC/InterActiveCorp posted quarterly results that beat Wall Street forecasts, although charges for its online mortgage and catalog units resulted in a net loss.

Interpublic Profit Falls, but Revenue Up Wed, 30 Jul 2008 13:14:14 GMT
Interpublic Group said second-quarter profit fell 28 percent as a tax provision offset a bigger-than-expected jump in revenue.

Nintendo Reports Profit Gain Due to Wii Wed, 30 Jul 2008 13:20:21 GMT
Nintendo’s profit surged 34 percent as sales of its hit Wii shot up, underlining the success of the wand-wielding video game console in attracting novice players.

Office Depot Posts Quarterly Loss Wed, 30 Jul 2008 12:51:59 GMT
ATLANTA (Reuters) - Office Depot Inc reported a second-quarter loss on Wednesday as declining spending by smaller businesses and retail customers hurt sales.

Corning Profit Rises but Outlook is Weak Wed, 30 Jul 2008 16:10:21 GMT
ROCHESTER, N.Y. (AP) -- Corning Inc. said Wednesday its second-quarter profit surged thanks to a hefty one-time tax gain and strong demand for glass used in flat-screen televisions and computers. But it forecast third-quarter sales below Wall Street expectations, and its shares dropped 4 percent.

Moody’s Profit Down 48 Percent as Demand Shrinks Wed, 30 Jul 2008 14:51:23 GMT
Moody’s said quarterly profit fell 48 percent, as the year-long credit crisis caused demand to shrink for mortgage bonds and collateralized debt obligations.

Avon Second-Quarter Profit More Than Doubles Wed, 30 Jul 2008 16:40:21 GMT
NEW YORK (AP) -- Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 15 percent.

No Longer Young, Nick at Nite Plans to Show It Can Be Nimble Tue, 29 Jul 2008 06:06:49 GMT
Building on the success of “The George Lopez Show,” Nick at Nite is adding more original programs to attract viewers whose parents were weaned on Nickelodeon. Among the new shows is “Glenn Martin D.D.S.,” an animated family comedy show about a dentist who takes his family on a cross-country trip.

New Brand Logos Reflect Shift at G.M. Tue, 29 Jul 2008 05:41:28 GMT
During a publicity event last week at a park near Tower Bridge in London, the new Insignia from General Motors was lowered rapidly from a crane that had held the car about 150 feet high.

After 7 Years, Talks on Trade Collapse Wed, 30 Jul 2008 12:47:20 GMT
After years of on-again, off-again negotiations, world trade talks collapsed in rancor, ending hopes of a deal to open markets and cut farm subsidies.

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