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Inflation still far from worrisome levels
Mar 26 2005 7:19PM (CT)
NEW YORK (AP) - The latest inflation scare to grip Wall Street isn't by itself a good reason for equity investors to take cover, analysts say. Instead, they recommend looking for companies that have pricing power _ the ability to pass on their higher costs to customers.
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Sales drop at Wendy's after finger found
Mar 26 2005 4:18PM (CT)
COLUMBUS, Ohio (AP) - Sales have dropped sharply at Wendy's fast food restaurants in the area of northern California where a woman claimed she found part of a finger in a bowl of chili, but analysts say the company's long-term prognosis should not be affected.
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TransGas bid left out of railyard debate
Mar 26 2005 3:17PM (CT)
NEW YORK (AP) - Only in New York could a billion dollars be ignored. With a battle between the New York Jets and Cablevision over a prime piece of Manhattan real estate growing louder and more shrill by the day, a $1.05 billion offer by a little-known energy company has been overshadowed and left out of the heated public debate over a proposed stadium.
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Wal-Mart director resigns after probe
Mar 26 2005 8:54AM (CT)
LITTLE ROCK, Ark. (AP) - A high-profile Wal-Mart Stores Inc. board member resigned Friday after an internal probe turned up evidence of financial improprieties of up to half-a-million dollars. Three Wal-Mart employees, including a company officer, also lost their jobs.
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Selloff puts 1Q fund returns in the red
Mar 26 2005 7:43AM (CT)
NEW YORK (AP) - The stock market's retreat over the past three weeks has eroded the value of mutual funds, the vast majority of which posted negative returns for investors for the quarter, according to a preliminary survey released Friday by mutual fund watcher Lipper Inc.
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Blockbuster stops pursuing Hollywood Ent.
Mar 26 2005 7:41AM (CT)
DALLAS (AP) - Blockbuster Inc., the nation's leading movie-rental chain, abandoned its bid Friday to buy rival Hollywood Entertainment Corp. amid opposition from the smaller company's directors and resistance from federal antitrust regulators.
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