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Microsoft misses views with profit jump
Apr 28 2005 11:32PM (CT)
SEATTLE (AP) - Microsoft Corp. saw net income nearly double from a year ago, but revenue fell short of Wall Street forecasts because of leaner licensing business and a sharp drop in the dollar's value.
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N.C. company offers 'house calls'
Apr 28 2005 11:31PM (CT)
CHARLOTTE, N.C. (AP) - Illness was the inspiration for Andy Jacobson's newest business venture. The Charlotte entrepreneur was on a business trip in Las Vegas two years ago when his wife fell sick.
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Broadcasters challenge contracts
Apr 28 2005 11:29PM (CT)
PHILADELPHIA (AP) - It took the death of rock 'n' roll to free radio personalities Preston Elliot and Steve Morrison from a common contract clause that's kept them off the air and in court for months.
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Defense portrays Scrushy as churchgoer
Apr 28 2005 11:09PM (CT)
BIRMINGHAM, Ala. (AP) - Richard Scrushy's lawyers are using his character as a defense, highlighting the fired HealthSouth Corp. CEO's generous involvement with churches and charities to rebut government claims that he orchestrated a massive corporate accounting fraud.
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American blames fare increase on fuel cost
Apr 28 2005 10:50PM (CT)
FORT WORTH, Texas (AP) - American Airlines is again increasing the fares for most of its domestic and U.S.-Canada flights to help offset the high cost of jet fuel.
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Hawaiian Airlines reaches deal with pilots
Apr 28 2005 9:35PM (CT)
HONOLULU (AP) - Hawaiian Airlines and its pilots union have reached a new tentative labor agreement, a month after the union rejected a previous deal, citing changes to retirement benefits and rising medical costs, officials said Thursday.
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Man in steroids scandal faces tax trouble
Apr 28 2005 9:07PM (CT)
BURLINGAME, Calif. (AP) - California has suspended the corporate registration of a business run by the man at the center of a Bay Area steroids scandal, saying Victor Conte's company didn't file tax returns on time.
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Ex-Enron broadband head hedges at trial
Apr 28 2005 7:59PM (CT)
HOUSTON (AP) - A government witness in the trial of five former executives of Enron Corp.'s failed broadband division vacillated Thursday when pressed on why analysts didn't see an outline of plans for the touted broadband network.
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Petroleum industry funds new benzene study
Apr 28 2005 7:50PM (CT)
HOUSTON (AP) - An oil industry trade group is challenging a U.S. government study about the dangers of benzene exposure by financing a study of its own.
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Prosecutors press former Tyco chief
Apr 28 2005 7:49PM (CT)
NEW YORK (AP) - Prosecutors began cross-examination Thursday of L. Dennis Kozlowski, the former chief executive of Tyco International Ltd., seeking to show that he had no authority to dip into company coffers on his personal whims.
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Procter & Gamble profit climbs 13 percent
Apr 28 2005 7:25PM (CT)
CINCINNATI (AP) - Procter & Gamble Co., the nation's largest household products maker, said Thursday that fiscal third-quarter earnings rose 13 percent, driven by volume increases across all business units that were partially offset by continued marketing investments.
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Disney suspends video-on-demand trial
Apr 28 2005 7:17PM (CT)
BURBANK, Calif. (AP) - The Walt Disney Co. on Thursday suspended its MovieBeam video-on-demand service in the three cities where it was being tested, citing plans to upgrade the technology behind the system.
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Finger incident hurts Wendy's in 1Q
Apr 28 2005 7:05PM (CT)
COLUMBUS, Ohio (AP) - Wendy's International Inc.'s first-quarter earnings fell 2.8 percent from last year, as sales at its namesake fast-food chain were hurt by inclement weather and an incident in California in which a woman claimed she found a finger in a bowl of chili. Company shares rose 3 percent.
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Gateway's first-quarter loss narrows
Apr 28 2005 6:54PM (CT)
SAN DIEGO (AP) - Gateway Inc. posted a sharply narrower first-quarter loss Thursday, another sign that massive job cuts and store closures are sparking a turnaround.
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Bristol-Myers first quarter profits plunge
Apr 28 2005 6:23PM (CT)
NEW YORK (AP) - Bristol-Myers Squibb Co. said Thursday its first-quarter income plunged 36 percent because of patent expirations and increasing pressure on its cholesterol-lowering drug.
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Smith & Wesson settles Kan. family's suit
Apr 28 2005 6:21PM (CT)
WICHITA, Kan. (AP) - The family of a boy left brain-damaged after he was shot in the face by a friend seven years ago has settled a lawsuit against gunmaker Smith & Wesson.
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First Vioxx trial to be postponed
Apr 28 2005 6:09PM (CT)
NEW YORK (AP) - The first slated trial of a wrongful death suit against Merck & Co. over its painkiller Vioxx has been postponed at the request of a federal judge.
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Tweeter to close 19 stores, cut 200 jobs
Apr 28 2005 5:54PM (CT)
CANTON, Mass. (AP) - Tweeter Home Entertainment Inc. on Thursday posted a $27.6 million first-quarter loss and said it plans to close 19 stores and cut more than 200 jobs.
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CSX, Burlington Northern post profit surges
Apr 28 2005 5:52PM (CT)
JACKSONVILLE, Fla. (AP) - Railroad companies CSX Corp. and Burlington Northern Santa Fe Corp. both reported large increases in first-quarter profits Thursday pushed by higher demands for coal and merchandise transportation.
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EBay executives settle 'spinning' lawsuit
Apr 28 2005 5:52PM (CT)
SAN FRANCISCO (AP) - Three prominent eBay Inc. veterans will pay $3 million to settle a lawsuit filed by company shareholders about whether the eBay executives received special privileges to buy stock that was unavailable to ordinary investors.
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Chicago Board of Trade plans to go public
Apr 28 2005 5:16PM (CT)
CHICAGO (AP) - The Chicago Board of Trade futures and options exchange plans to pursue an initial public offering that would be completed in the second half the year, the company said Thursday.
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Thursday's Commodities Roundup
Apr 28 2005 4:48PM (CT)
NEW YORK (AP) - Crude-oil futures in New York bucked a broad sell-off Thursday to settle up on the day, signaling that oil's $50 price tag may be here to stay.
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Verizon pulling plug on free Wi-Fi
Apr 28 2005 4:43PM (CT)
NEW YORK (AP) - Verizon Communications Inc. is turning off the free wireless Internet access it beams from New York City telephone booths for DSL subscribers who use laptops away from home or the office.
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Oil prices rebound after hovering near $50
Apr 28 2005 4:39PM (CT)
NEW YORK (AP) - Oil prices rebounded after dropping more than $1 a barrel Thursday as growing crude supplies and signs of slower economic growth led traders to test the $50 mark.
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Ex-Homestore executives charged
Apr 28 2005 4:20PM (CT)
WASHINGTON (AP) - The former chief executive of Homestore Inc. and another executive were charged in civil and criminal cases for allegedly participating in a scheme to inflate online advertising revenue in 2001.
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Lyondell Chemical returns to profit
Apr 28 2005 4:10PM (CT)
NEW YORK (AP) - Lyondell Chemical Co. said returned to a profit in the latest quarter, aided by chemical price increases in the fourth quarter and strong refining margins.
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Analysts see Altria moving toward breakup
Apr 28 2005 4:09PM (CT)
RICHMOND, Va. (AP) - Last week, a federal appeals court wouldn't reconsider a ruling preventing the Justice Department from seeking $280 billion in a civil racketeering case against Big Tobacco.
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Alcatel earnings held back by weak dollar
Apr 28 2005 4:09PM (CT)
PARIS (AP) - French telecommunications equipment maker Alcatel SA said the weak dollar and declining sales to cell-phone networks weighed on sales growth in the first quarter.
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Defense contractors report earnings gains
Apr 28 2005 4:08PM (CT)
BOSTON (AP) - Defense contractors Raytheon Co. and Northrop Grumman Corp. on Thursday reported sharp increases in first-quarter earnings, with Raytheon boosting its earnings outlook amid rising defense spending and President Bush urging a further increase.
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Premcor profit soars on strong margins
Apr 28 2005 4:07PM (CT)
GREENWICH, Conn. (AP) - Premcor Inc., the oil refiner that is being acquired by Valero Energy Corp., Thursday said its first-quarter profit more than doubled due to strong margins.
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Aetna posts higher 1Q earnings, sales
Apr 28 2005 4:06PM (CT)
HARTFORD, Conn. (AP) - Insurer Aetna Inc. said Thursday that first-quarter earnings rose 16 percent from last year, delivering another quarter with a double-digit increase and raising its outlook for 2005 earnings and medical membership growth.
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Tyson Foods to pay $1.5 million fine
Apr 28 2005 4:02PM (CT)
WASHINGTON (AP) - Tyson Foods Inc. agreed Thursday to pay a $1.5 million civil fine to settle federal regulators' charges that it failed to fully disclose lavish perks provided to former chairman Don Tyson, including $38,000 in oriental rugs and antiques, and the use of houses in England and Mexico.
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NCR posts first-quarter earnings of $30M
Apr 28 2005 3:59PM (CT)
DAYTON, Ohio (AP) - NCR Corp. on Thursday reported first-quarter earnings of $30 million, driven by record revenue in its data-warehousing business and strong performances in its ATM and checkout-scanner units.
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Regal to buy Eastern Federal for $127M
Apr 28 2005 3:58PM (CT)
KNOXVILLE, Tenn. (AP) - Regal Entertainment Group, the country's largest motion picture exhibitor, is expanding its presence in the Southeast with a $127.6 million cash deal for 22 theaters from North Carolina-based Eastern Federal Theatres for $127.6 million.
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Layoff notices hitting Sears HQ staff
Apr 28 2005 3:55PM (CT)
HOFFMAN ESTATES, Ill. (AP) - Hundreds of employees at Sears Holdings Corp. headquarters are getting pink slips this week as the retailer carries out layoffs it warned would result when the company was formed by the March acquisition of Sears, Roebuck and Co. by Kmart Holding Corp.
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United Defense's 1Q profit falls on sales
Apr 28 2005 3:52PM (CT)
ARLINGTON, Va. (AP) - United Defense Industries Inc. on Thursday said its first-quarter profit fell as the maker of combat vehicles and artillery saw sales dip from the elimination of a joint venture and higher expenses ahead of its takeover by BAE Systems PLC.
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Exxon Mobil shares dip despite profit jump
Apr 28 2005 3:49PM (CT)
DALLAS (AP) - Exxon Mobil Corp., the world's largest publicly traded energy company, reported that first-quarter profits surged 44 percent as high prices for oil and natural gas more than offset declining production.
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Goodrich shares up after strong 1Q results
Apr 28 2005 3:41PM (CT)
CHARLOTTE, N.C. (AP) - Shares of Goodrich Corp. gained Thursday after the aerospace manufacturer said its first-quarter earnings jumped 23 percent.
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Molson Coors shares tumble on 1Q loss
Apr 28 2005 3:39PM (CT)
DENVER (AP) - Molson Coors Brewing Co. stock plunged Thursday after the world's fifth-largest brewer by volume said it swung to a first-quarter loss because of special charges and lower sales in each of its four key markets.
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Georgia-Pacific reports wider 1Q profit
Apr 28 2005 3:37PM (CT)
ATLANTA (AP) - Paper and tissue manufacturer Georgia-Pacific Corp., citing improvement in its North American consumer products business, reported a more than 39 percent jump in first quarter profit despite a drop in sales.
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Kellogg 1Q profit leaps on improved sales
Apr 28 2005 3:36PM (CT)
BATTLE CREEK, Mich. (AP) - Kellogg Co., the nation's top cereal maker, on Thursday said its earnings grew 16 percent in the first quarter as new products and improved sales of snack foods lifted results.
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Sirius' loss widens in first quarter
Apr 28 2005 3:32PM (CT)
NEW YORK (AP) - Sirius Satellite Radio Inc. posted a larger loss for its first quarter Thursday but also raised its full-year estimates for growth in revenues and subscriber numbers.
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Dow Chemical 1Q earnings nearly triple
Apr 28 2005 3:31PM (CT)
DETROIT (AP) - First-quarter earnings at Dow Chemical Co., the nation's largest chemical company, nearly tripled amid significant price increases and solid volume in all sectors, the company said Thursday.
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Newell Rubbermaid swings to profit in 1Q
Apr 28 2005 3:28PM (CT)
ATLANTA (AP) - Newell Rubbermaid Inc., the maker of Sharpie pens and Rubbermaid trash cans, said it swung to a profit in the first quarter despite a 6.5 percent drop in sales and high raw materials costs.
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Money funds fall $8.36B in latest week
Apr 28 2005 3:25PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds fell by $8.36 billion in the latest week to $811.83 trillion, the Investment Company Institute said Thursday.
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Pfizer declines to discuss CEO retirement
Apr 28 2005 3:19PM (CT)
NEW YORK (AP) - Pfizer Inc. executives declined a request by the nation's largest labor group to explain Chief Executive Henry McKinnell's retirement package to shareholders at the company's annual meeting on Thursday.
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Chrysler Group 1Q profit falls 11 percent
Apr 28 2005 2:51PM (CT)
DETROIT (AP) - DaimlerChrysler AG's Chrysler Group said Thursday its first-quarter profit fell roughly 11 percent from a year ago, hurt in part by a weaker dollar, but the division's sales remained stronger than its larger American competitors.
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N.Y.'s Spitzer probes mortgage practices
Apr 28 2005 2:14PM (CT)
ALBANY, N.Y. (AP) - New York Attorney General Eliot Spitzer is questioning some of the nation's biggest banks in an investigation of potential discriminatory practices in setting mortgage rates and fees.
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Judge OKS Mass. probe of Gillette-P&G deal
Apr 28 2005 2:11PM (CT)
BOSTON (AP) - A judge ruled Thursday that the state's top securities regulator has jurisdiction to investigate whether Procter & Gamble Co. is paying too little for its acquisition of Gillette Co., but lacks broad authority over the merger itself.
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Judge finalizes ex-Qwest exec's SEC fine
Apr 28 2005 2:03PM (CT)
DENVER (AP) - A federal judge finalized a settlement Thursday between the Securities and Exchange Commission and a former Qwest Communications executive who was named in a civil fraud lawsuit.
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Ahold reaches deal to sell chain
Apr 28 2005 2:01PM (CT)
BUFFALO, N.Y. (AP) - Dutch retailer Royal Ahold NV said Thursday it has reached a deal to sell its chain of 198 Wilson Farms, Sugarcreek and Tops Xpress convenience stores to investment group WFI Acquisition Inc.
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Marvel to make films based on characters
Apr 28 2005 1:50PM (CT)
LOS ANGELES (AP) - Marvel Enterprises Inc. will begin producing movies based on its comic book characters and team up with Paramount Pictures to distribute the films, the companies announced Thursday, in a deal Marvel said will boost its revenues.
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ChoicePoint CEO won't discuss breach
Apr 28 2005 1:37PM (CT)
NEW YORK (AP) - ChoicePoint CEO Derek Smith refused to answer questions on Thursday about the security breach that allowed criminals to access the company's database, telling shareholders at the company's annual meeting that the matter was the subject of pending litigation.
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Former Charter exec: Allen knew of scandal
Apr 28 2005 1:33PM (CT)
ST. LOUIS (AP) - Charter chairman Paul Allen was aware of an accounting scandal at the nation's third-largest cable television provider, according to a former executive convicted in the scheme.
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Arab Americans sue Denny's franchisee
Apr 28 2005 1:31PM (CT)
MIAMI (AP) - Seven men of Middle Eastern descent have sued a Denny's restaurant franchisee and one of its managers for $28 million, saying they were kicked out because of their ancestry and compared to Osama Bin Laden.
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Exxon Mobil sees profit on oil, gas prices
Apr 28 2005 1:26PM (CT)
IRVING, Texas (AP) - Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday that first-quarter earnings soared 44 percent from last year, due mainly to strong crude and natural gas prices. The company said it will boost its share repurchase rate by $1 billion in the second quarter.
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Royal Dutch/Shell profit up on oil prices
Apr 28 2005 1:17PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Dutch/Shell Group of Cos. said Thursday its first-quarter earnings rose by 42 percent due as the high price of oil offset a drop in production.
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Rates on 30-year mortgages decline
Apr 28 2005 12:39PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages fell for a fourth consecutive week as more evidence of an economic slowdown eased concerns among bond investors about inflation.
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DaimlerChrysler profit dips on Mercedes
Apr 28 2005 12:23PM (CT)
FRANKFURT, Germany (AP) - German-American carmaker DaimlerChrysler AG said Thursday its first-quarter earnings plummeted by 30 percent, dragged down by losses at luxury unit Mercedes.
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Unocal profit climbs on oil, gas prices
Apr 28 2005 12:12PM (CT)
LOS ANGELES (AP) - Independent oil and gas company Unocal Corp. said Thursday that first-quarter earnings jumped 69 percent from last year on strong crude oil and natural gas prices.
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Requests for import quotas clears hurdle
Apr 28 2005 12:10PM (CT)
WASHINGTON (AP) - The Bush administration panel that reviews textile matters announced Thursday that it would proceed with seven cases filed by U.S. manufacturers seeking the return of quotas to protect the domestic industry from a surge in Chinese imports.
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AstraZeneca profit jumps on spending cuts
Apr 28 2005 12:06PM (CT)
LONDON (AP) - AstraZeneca PLC reported a 30.5 percent jump in quarterly earnings Thursday, as strong sales of its key drugs, led by cholesterol reducer Crestor, were supported by a tighter rein on spending.
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EU formally approves textile import probe
Apr 28 2005 12:02PM (CT)
BRUSSELS, Belgium (AP) - The European Union's head office formally approved the launch of an investigation into surging Chinese textile sales Thursday, a move that could lead to the EU imposing quotas to limit imports.
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Kerkorian appeals DaimlerChrysler ruling
Apr 28 2005 12:01PM (CT)
DOVER, Del. (AP) - Billionaire investor Kirk Kerkorian on Thursday appealed a federal judge's rejection of his claims that he was defrauded in the 1998 merger of DaimlerBenz and Chrysler Corp.
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Prosecutors finish probing Yukos lawyer
Apr 28 2005 11:55AM (CT)
MOSCOW (AP) - Russian prosecutors said Thursday that they completed an embezzlement investigation into a lawyer with the embattled Yukos oil company who has been held in pretrial detention since December.
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More than half of tax returns e-filed
Apr 28 2005 11:47AM (CT)
WASHINGTON (AP) - For the first time, more than half of all taxpayers filed their returns electronically this year, the Internal Revenue Service said Thursday.
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SEC may file civil charges against Tenet
Apr 28 2005 11:34AM (CT)
DALLAS (AP) - The Securities and Exchange Commission has notified Tenet Healthcare Corp. and some of its former executives that it may file civil charges over the hospital chain's Medicare billing and managed care contract practices, the company said.
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WTO rules sugar producer subsidies illegal
Apr 28 2005 11:04AM (CT)
GENEVA (AP) - The World Trade Organization on Thursday ruled that the European Union's subsidies to sugar producers are illegal, upholding an earlier decision that European sugar exporters are getting more in government handouts than is allowed under trade rule.
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ABB first-quarter net profit soars to $199M
Apr 28 2005 10:53AM (CT)
ZURICH, Switzerland (AP) - The Swiss-Swedish engineering company ABB Ltd. said Thursday that its first-quarter net profit soared to $199 million from $1 million.
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Mazda reports better profits on sales
Apr 28 2005 10:48AM (CT)
TOKYO (AP) - Japanese automaker Mazda Motor Corp. on Thursday reported stronger profits for the fiscal year ended March as solid European sales and increased profitability in North America offset losses from a fire at a Japanese plant.
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Nextel's first-quarter profit declines
Apr 28 2005 10:44AM (CT)
RESTON, Va. (AP) - Wireless communication provider Nextel Communications Inc. reported a drop Thursday in first-quarter earnings, despite a surge in net subscriber additions, but said it is on track to meet forecasts for the year.
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Fuji Photo reports slight profit rise
Apr 28 2005 10:38AM (CT)
TOKYO (AP) - Fuji Photo Film Co. said Thursday its profit edged up 3 percent for the fiscal year ended March 31, helped by demand for material used in flat-panel displays.
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Toshiba reports better profit on sales
Apr 28 2005 10:28AM (CT)
TOKYO (AP) - Japanese electronics maker Toshiba Corp. reported Thursday sharply improved profits for the fiscal year ended March 31 as sales grew in home appliances, personal computers and computer chips.
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Altria CEO says breakup is possible
Apr 28 2005 10:16AM (CT)
EAST HANOVER, N.J. (AP) - Altria Group Inc., the tobacco company that also controls Kraft Foods Inc., is considering separating the company into two or three companies, its chairman told shareholders on Thursday. The company's shares rose slightly early Thursday.
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Hitachi reports improved profits on exports
Apr 28 2005 10:07AM (CT)
TOKYO (AP) - Japanese electronics maker Hitachi Ltd. on Thursday reported sharply improved profits for the fiscal year that ended March 31 on the back of strong exports to the United States and China.
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Bristol-Myers' net income sinks on payments
Apr 28 2005 9:48AM (CT)
NEW YORK (AP) - Bristol-Myers Squibb Co. said Thursday its first-quarter income plunged 36 percent because of milestone payments to its drug-development partners, asset sales and increased litigation reserves.
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Deutsche Bank 1Q earnings up 17 percent
Apr 28 2005 9:38AM (CT)
FRANKFURT, Germany (AP) - Germany's biggest bank, Deutsche Bank AG, said Thursday that its net profit rose by 17 percent in the first quarter to beat analysts' expectations.
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GlaxoSmithKline reports rise in net profit
Apr 28 2005 9:22AM (CT)
LONDON (AP) - Pharmaceutical giant GlaxoSmithKline PLC said Thursday that strong European sales growth of key drugs underpinned a 16 percent rise in quarterly net profits.
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Marathon Oil 1Q profit rises 26 percent
Apr 28 2005 9:21AM (CT)
HOUSTON (AP) - Marathon Oil Corp. on Thursday said its first-quarter profit grew 26 percent as the oil and gas exploration firm reaped some benefits from higher energy prices despite lower sales volume during the period.
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Wynn's new $2.7B Vegas hotel-casino opens
Apr 28 2005 9:04AM (CT)
LAS VEGAS (AP) - Gambling impresario Steve Wynn has finally delivered. His $2.7 billion Wynn Las Vegas debuted early Thursday morning to hundreds of eager people clamoring to get the first glimpse of this city's newest attraction and the most expensive megaresort ever built here.
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Waste Management's 1Q profit is flat
Apr 28 2005 9:01AM (CT)
HOUSTON (AP) - Waste Management Inc., the nation's largest trash hauler, posted essentially flat first-quarter profit on Thursday as one-time charges offset a revenue boost from higher prices.
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Northrop Grumman posts higher 1Q profit
Apr 28 2005 8:59AM (CT)
LOS ANGELES (AP) - Northrop Grumman Corp., the world's largest shipbuilder, said Thursday that first-quarter earnings rose sharply from last year, helped by solid sales growth, higher operating profit across all segments and lower corporate and interest expense.
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Raytheon's 1Q profit rises 30 percent
Apr 28 2005 8:59AM (CT)
BOSTON (AP) - Raytheon Co. on Thursday reported a 30 percent increase in profit for the first quarter and beat Wall Street's expectations despite the costs of settling an accounting investigation and shareholder lawsuit.
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Statoil to buy Gulf of Mexico oil interests
Apr 28 2005 8:55AM (CT)
OSLO, Norway (AP) - Statoil ASA on Thursday announced a $2 billion deal to acquire Gulf of Mexico oil assets from the Canadian energy group EnCana Corp.
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CSX's 1Q profit soars on one-time gain
Apr 28 2005 8:45AM (CT)
JACKSONVILLE, Fla. (AP) - CSX Corp., the largest railroad in the eastern United States, on Thursday posted a steep rise in first-quarter profit after logging a sizable gain from selling its International Terminals business.
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Oil company seeks to drill in disputed area
Apr 28 2005 8:25AM (CT)
TOKYO (AP) - A Japanese oil producer on Thursday requested oil and natural gas drilling rights in an area of the East China Sea disputed by Beijing and Tokyo, the company said.
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EU approves takeover of two Italian banks
Apr 28 2005 8:23AM (CT)
BRUSSELS, Belgium (AP) - European Union regulators on Thursday cleared Dutch bank ABN Amro's proposed takeover of Italy's Banca Antonveneta SpA as well as a bid from Spain's Banco Bilbao Vizcaya Argentaria SA for Italy's Banca Nazionale del Lavoro SpA.
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Nomura Holdings' 1Q net profit tumbles
Apr 28 2005 8:16AM (CT)
TOKYO (AP) - Nomura Holdings, Japan's top brokerage, said Thursday its profit declined by 63 percent in the first quarter due a decline in its underwriting business and increased hiring costs as the company expanded overseas.
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Airbus wins British airline order for jets
Apr 28 2005 7:58AM (CT)
PARIS (AP) - European airplane maker Airbus SAS said Thursday that British Mediterranean Airways has ordered seven A321 jets valued at a total of $525 million at list prices.
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Viacom names Dolan as its new CFO
Apr 28 2005 7:53AM (CT)
NEW YORK (AP) - Viacom Inc., the media conglomerate that owns CBS and MTV, has named former advertising executive Michael J. Dolan to be its new chief financial officer.
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Elan Corp. reports widening 1Q loss
Apr 28 2005 7:49AM (CT)
DUBLIN, Ireland (AP) - Troubled Irish drug maker Elan Corp. PLC reported growing losses Thursday in its first-quarter results, but predicted that its key suspended product _ the multiple-sclerosis suppressant Tysabri _ would eventually return to the U.S. market.
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Burlington Northern 1Q profit up sharply
Apr 28 2005 7:42AM (CT)
FORT WORTH, Texas (AP) - Railroad operator Burlington Northern Santa Fe Corp. said Thursday that its profit rose sharply in the first quarter, lifted by strong gains in revenue across all of its divisions.
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EU to go ahead with sugar reforms
Apr 28 2005 6:56AM (CT)
BANGKOK, Thailand (AP) - The European Union will move forward with sugar reforms regardless of a World Trade Organization ruling on whether it has broken trade rules by subsidizing the commodity, the bloc's trade commissioner said Thursday.
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German jobless total drops below 5M
Apr 28 2005 6:30AM (CT)
BERLIN (AP) - The number of Germans out of work dropped below 5 million in April, falling under the politically sensitive mark for the first time this year, government figures showed Thursday.
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DaimlerChrysler earnings sink in 1Q
Apr 28 2005 5:57AM (CT)
FRANKFURT, Germany (AP) - German-American car maker DaimlerChrysler AG on Thursday said its first-quarter net profit fell 30 percent from the same period last year as sales dropped 2 percent.
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Target redesigns the pill bottle
Apr 28 2005 5:46AM (CT)
MINNEAPOLIS (AP) - Target Corp. is turning the old pill bottle design on its head _ literally. Target pharmacies this month rolled out a flattened bottle with easier-to-read labels and plastic rings that can be color-coded for each family member.
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Shell earnings leap on oil price rise
Apr 28 2005 5:42AM (CT)
AMSTERDAM, Netherlands (AP) - Royal Dutch Petroleum/Shell Group of Companies reported a sharp rise in first-quarter earnings Thursday, coasting on recent increases in the price of oil.
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New York Times wins Overseas Press Awards
Apr 28 2005 5:38AM (CT)
NEW YORK (AP) - The New York Times won five Overseas Press Club Awards, including honors for reporters and photographers working in Iraq, Russia, Sudan and Indonesia. Ted Koppel and Seymour Hersh also won.
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Professors develop spreadsheets for water
Apr 28 2005 2:33AM (CT)
OMAHA, Neb. (AP) - Scholars think tweaking variables on a spreadsheet could help those who work the land cope with a drought that just won't go away.
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