Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
China's biggest bank, ICBC, readies for IPO
Oct 27 2005 11:12PM (CT)
SHANGHAI, China (AP) - China's biggest state-owned bank formally launched a joint stock company on Friday in preparation for selling its shares overseas following an initial public offering by smaller lender China Construction Bank.
|
|
|
Kia Motors says third-quarter profit fell
Oct 27 2005 10:49PM (CT)
SEOUL, South Korea (AP) - Kia Motors Corp. reported Friday that third-quarter net profit fell by nearly half from a year ago, along with an operating loss on higher raw material costs, production lost to a strike and a stronger Korean currency.
|
|
|
Japanese stocks fall; Dollar slumps
Oct 27 2005 10:19PM (CT)
TOKYO (AP) - Japanese stocks fell Friday morning for the first time in three days, hurt by disappointing industrial output figures and losses in U.S. stocks. The dollar slumped against the yen and euro.
|
|
|
Alaska resources official leaves job
Oct 27 2005 9:57PM (CT)
JUNEAU, Alaska (AP) - The head of Alaska's Department of Natural Resources is out of a job after writing a memo questioning the legality of state concessions to oil producers during contract negotiations for a natural gas pipeline.
|
|
|
Microsoft 1Q earnings rise 24 percent
Oct 27 2005 9:49PM (CT)
SEATTLE (AP) - Microsoft Corp. said earnings for its fiscal first quarter rose 24 percent, thanks in part to healthy server sales. But its sales outlook in the current quarter concerned some analysts and shares fell slightly Thursday.
|
|
|
Justice Dept. OKs two huge telecom mergers
Oct 27 2005 9:41PM (CT)
WASHINGTON (AP) - The nation's two biggest local phone companies received approval Thursday from antitrust regulators to buy the two largest long-distance carriers in multibillion-dollar mergers that would change the landscape of the telecommunications industry.
|
|
|
MetLife 3Q profit rises 7 percent
Oct 27 2005 9:22PM (CT)
NEW YORK (AP) - MetLife Inc., the nation's largest life insurer, on Thursday said higher premiums and fee-based income led to a 7 percent rise in third-quarter profit.
|
|
|
Yellow Roadway 3Q profit jumps 53 percent
Oct 27 2005 9:22PM (CT)
OVERLAND PARK, Kan. (AP) - Trucking and logistics company Yellow Roadway Corp. on Thursday reported third-quarter profit jumped 53 percent, driven by revenue growth at the company's core businesses.
|
|
|
Exxon Mobil profit, sales soar to records
Oct 27 2005 9:19PM (CT)
DALLAS (AP) - Exxon Mobil Corp. rewrote the corporate record books Thursday as the oil company's third-quarter earnings soared to almost $10 billion and it became the first public company ever with quarterly sales topping $100 billion. Anglo-Dutch competitor Royal Dutch Shell PLC wasn't far behind, posting a profit of $9 billion for the quarter.
|
|
|
Air New Zealand doubles Boeing 787 order
Oct 27 2005 9:05PM (CT)
CHICAGO (AP) - Air New Zealand has doubled its order for the planned new Boeing 787 to four planes, becoming the second airline to increase its order for the fuel-efficient aircraft, officials said Thursday.
|
|
|
Union Pacific 3Q profit leaps 83 percent
Oct 27 2005 8:56PM (CT)
OMAHA, Neb. (AP) - Union Pacific Corp. said Thursday that third-quarter profit rose 83 percent on a reduced tax liability and higher revenue, but analysts said the company must follow its competition and improve infrastructure to keep profits up.
|
|
|
Ex-Seitel CEO gets more than five years
Oct 27 2005 8:49PM (CT)
HOUSTON (AP) - The former CEO of Seitel Inc. has been sentenced to more than five years in federal prison for cheating the seismic data company out of $750,000 that he used to settle a civil lawsuit filed by his former fiancee.
|
|
|
Sempra accused of squeezing gas supplies
Oct 27 2005 8:38PM (CT)
SAN DIEGO (AP) - Southern California's two major gas utilities and their accusers in a massive class-action lawsuit about what caused the state's 2000-01 power crisis agree on at least one point: the companies' executives huddled with a competitor nine years ago at a Phoenix hotel room.
|
|
|
Frontier reverses loss in second quarter
Oct 27 2005 8:16PM (CT)
DENVER (AP) - Discount carrier Frontier Airlines Inc. swung to a profit in its fiscal second quarter, crediting a 22 percent surge in passenger revenue that offset rising fuel prices.
|
|
|
Asarco president and CEO resigns
Oct 27 2005 7:45PM (CT)
TUCSON, Ariz. (AP) - The president and chief executive of bankrupt copper mining company Asarco LLC has resigned.
|
|
|
Embattled Krispy Kreme starts CEO hunt
Oct 27 2005 6:08PM (CT)
CHARLOTTE, N.C. (AP) - Embattled snack maker Krispy Kreme Doughnuts Inc. launched a search Thursday for a new chief executive officer as the once high-flying company confronts problems ranging from declining sales to lawsuits and criminal investigations.
|
|
|
Bristol-Myers may scrap key diabetes drug
Oct 27 2005 6:04PM (CT)
NEW YORK (AP) - Bristol-Myers Squibb Co., said Thursday that a diabetes drug it was touting as part of its turnaround may be abandoned because it will need about five more years of testing to answer questions raised by regulators.
|
|
|
Vioxx trial jurors have a lot to digest
Oct 27 2005 5:31PM (CT)
ATLANTIC CITY, N.J. (AP) - When six women and three men retire to a jury room in the Atlantic County Civil Courthouse to begin deliberating in the second Vioxx product liability case, they'll have plenty to consider.
|
|
|
Lenovo to build operations center in N.C.
Oct 27 2005 5:30PM (CT)
RALEIGH, N.C. (AP) - Chinese computer maker Lenovo Inc. plans to add 400 jobs and build offices in suburban Raleigh for its international division, the company said Thursday.
|
|
|
Wendy's 3Q earnings inch up on sales rise
Oct 27 2005 5:27PM (CT)
DUBLIN, Ohio (AP) - Wendy's International Inc. on Thursday said third-quarter earnings edged higher on a 5 percent rise in sales, but the company trimmed its full-year earnings forecast.
|
|
|
Cheney's daughter Mary to join AOL
Oct 27 2005 5:27PM (CT)
DULLES, Va. (AP) - America Online Inc. has hired Mary Cheney, the daughter of the vice president, to a newly created position.
|
|
|
Shares of Baidu.com plunge after earnings
Oct 27 2005 5:24PM (CT)
BEIJING (AP) - Shares of Baidu.com Inc. plunged Thursday after the Internet company posted quarterly earnings that beat analysts' expectations but still disappointed investors who had bet on even faster growth for the biggest online portal in the booming Chinese market.
|
|
|
ImClone 3Q earnings sag on rising costs
Oct 27 2005 5:21PM (CT)
NEW YORK (AP) - ImClone Systems Inc., a cancer drug maker, said Thursday that third-quarter profit dropped 29 percent because of lower manufacturing revenue and higher costs.
|
|
|
Northwest Airlines 3Q loss jumps tenfold
Oct 27 2005 5:20PM (CT)
MINNEAPOLIS (AP) - Northwest Airlines Corp.'s quarterly loss ballooned tenfold to $475 million because of bankruptcy costs and more expensive fuel, the airline said Thursday.
|
|
|
Goody's Family Clothing OKs buyout offer
Oct 27 2005 5:18PM (CT)
KNOXVILLE, Tenn. (AP) - Goody's Family Clothing Inc., a chain of small department stores in the Southeast and Midwest, on Thursday ended a three-week bidding war for the retailer by accepting a sweetened buyout offer worth about $327 million from two New York investment firms.
|
|
|
XM's 3Q loss widens despite revenue growth
Oct 27 2005 5:16PM (CT)
NEW YORK (AP) - XM Satellite Radio Holdings Inc., the larger of the nation's two satellite-radio broadcasters, posted a wider loss in the third quarter Thursday due to higher programming and marketing costs even as revenue rose and subscribers more than doubled from a year ago.
|
|
|
Treasurys finish in positive territory
Oct 27 2005 5:12PM (CT)
NEW YORK (AP) - U.S. Treasury bonds finished Thursday in mildly positive territory after yields failed to gain traction at higher levels.
|
|
|
Federal Vioxx judge says his forum best
Oct 27 2005 5:11PM (CT)
HOUSTON (AP) - The judge overseeing thousands of federal lawsuits over Merck & Co.'s once-popular painkiller Vioxx said Thursday that an effort by plaintiff's lawyers to keep their cases in state courts was "counterproductive" to his desire to eventually settle all claims.
|
|
|
GM stock falls after SEC subpoenas data
Oct 27 2005 5:09PM (CT)
DETROIT (AP) - General Motors Corp. shares fell almost 7 percent late Thursday, the day after the company said it received a Securities and Exchange Commission subpoena for documents about its dealings with parts maker Delphi Corp. and other matters.
|
|
|
Martha Stewart Living's 3Q loss widens
Oct 27 2005 5:09PM (CT)
NEW YORK (AP) - Martha Stewart Living Omnimedia Inc. said Thursday its third-quarter loss widened from a year ago, as charges associated with its reality prime-time TV show offset a solid rebound in advertising revenue in its publishing division.
|
|
|
Hilton Hotels 3Q profit leaps on revenue
Oct 27 2005 5:07PM (CT)
BEVERLY HILLS, Calif. (AP) - Hilton Hotels Corp., one of the nation's largest hotel companies, said Thursday its third-quarter profit rose 46 percent as revenue edged higher, with strong increases in hotel stays and rates across various consumer groups.
|
|
|
ChoicePoint profit steady in third quarter
Oct 27 2005 5:06PM (CT)
ATLANTA (AP) - ChoicePoint Inc., which disclosed earlier this year that thieves had gotten access to its massive database of consumer information, said Thursday that its third-quarter earnings were relatively flat as a charge for the security breach offset revenue growth.
|
|
|
St. Paul Travelers profit falls on storms
Oct 27 2005 5:03PM (CT)
MINNEAPOLIS (AP) - St. Paul Travelers Cos., one of the largest U.S. property and casualty insurers, said Thursday its third-quarter earnings fell as claims from hurricanes Katrina and Rita weighed on profit.
|
|
|
$651M recovered from WorldCom's bankers
Oct 27 2005 5:01PM (CT)
NEW YORK (AP) - A group of state and local retirement funds and insurance companies recovered $651 million from WorldCom's investment banks, auditors and company officers in a settlement announced Thursday.
|
|
|
Fiorina named to Cybertrust board
Oct 27 2005 4:58PM (CT)
HERNDON, Va. (AP) - Carly S. Fiorina, who was ousted as chief executive of Hewlett-Packard Co. earlier this year, was named Thursday to the board the privately held information security company Cybertrust.
|
|
|
Newell Rubbermaid returns to 3Q profit
Oct 27 2005 4:55PM (CT)
ATLANTA (AP) - Newell Rubbermaid Inc., the maker of Sharpie pens and a variety of other household products, posted a third-quarter profit Thursday, reversing a year-ago loss, as the company cut costs.
|
|
|
Georgia-Pacific 3Q profit down on costs
Oct 27 2005 4:54PM (CT)
ATLANTA (AP) - Georgia-Pacific Corp., the world's top maker of paper towels and toilet paper, said Thursday its third-quarter profit fell 40 percent as rising costs and lower prices hurt its bottom line.
|
|
|
AEP 3Q earnings fall, but top estimates
Oct 27 2005 4:49PM (CT)
COLUMBUS, Ohio (AP) - American Electric Power Inc. said Thursday its third-quarter earnings dropped 27 percent from a year ago, when the company's profit was inflated by a one-time gain from the sale of property and assets. Still, the results surpassed analysts' expectations.
|
|
|
Goodrich shares slump despite profit gain
Oct 27 2005 4:47PM (CT)
CHARLOTTE, N.C. (AP) - Shares of aircraft parts maker Goodrich Corp. plummeted Thursday, despite a 22 percent rise in third-quarter earnings fueled by higher sales of commercial airplane equipment and improved results in all the company's businesses.
|
|
|
Free repairs for faulty digital cameras
Oct 27 2005 4:47PM (CT)
SAN JOSE, Calif. (AP) - Electronics companies are offering free repairs for more than 80 models of digital cameras and camcorders that may contain a faulty imaging chip.
|
|
|
Sara Lee CEO Barnes adds chairwoman title
Oct 27 2005 4:36PM (CT)
CHICAGO (AP) - Brenda Barnes, chief executive officer of Sara Lee Corp. since February, was given the additional title of chairwoman Thursday in a vote by the consumer products manufacturer's board of directors, succeeding Steve McMillan.
|
|
|
Monsanto to launch new soybean product
Oct 27 2005 4:35PM (CT)
ST. LOUIS (AP) - Monsanto Co. will release a new breed of soybeans in partnership with The Solae Co., a firm that is mostly owned by one of Monsanto's biggest competitors.
|
|
|
Aetna, PacifiCare 3Q earnings rise
Oct 27 2005 4:24PM (CT)
HARTFORD, Conn. (AP) - Membership growth at two health insurers boosted third-quarter earnings for Aetna Inc. and PacifiCare Health Systems Inc., the companies said Thursday.
|
|
|
Southwest announces schedules from Denver
Oct 27 2005 4:19PM (CT)
DENVER (AP) - Southwest Airlines Co. said Thursday it will offer 13 daily nonstop flights to Chicago, Las Vegas and Phoenix when it begins serving Denver International Airport early next year.
|
|
|
Judge OKs $2 billion Delphi financing plan
Oct 27 2005 4:06PM (CT)
NEW YORK (AP) - A bankruptcy court judge on Thursday approved a $2 billion financing plan for auto parts maker Delphi Corp., which filed for bankruptcy protection earlier this month. The plan allows the company to pay everyday expenses such as employee salaries.
|
|
|
Greenspan gets high marks despite economy
Oct 27 2005 4:02PM (CT)
WASHINGTON (AP) - Most people give Alan Greenspan high marks for his handling of the economy during his 18 years running the Federal Reserve, and few blame him for what they see as a troubled economy.
|
|
|
Coca-Cola Enterprises profit declines
Oct 27 2005 3:58PM (CT)
ATLANTA (AP) - Third-quarter profit at Coca-Cola Enterprises Inc., the world's largest bottler of Coca-Cola Co. beverages, fell 7.2 percent after hurricanes disrupted sales.
|
|
|
Marathon 3Q profit rises on oil prices
Oct 27 2005 3:55PM (CT)
HOUSTON (AP) - Marathon Oil Corp. said profit more than tripled in the latest quarter due to higher oil and natural gas prices, but results missed Wall Street expectations.
|
|
|
Wilma-induced gas woes hurting businesses
Oct 27 2005 3:54PM (CT)
MIAMI BEACH, Fla. (AP) - Cab driver Fernando Gonzalez got a call from a friend who had what should have been good news: a fare all lined up for him. Gonzalez, however, was waiting for gas in a line a couple of miles long. The offer of work only underlined his plight, shared Thursday by thousands of workers who had trouble fueling up because of Hurricane Wilma.
|
|
|
Texan pleads not guilty in U.N. oil probe
Oct 27 2005 3:53PM (CT)
NEW YORK (AP) - Texas oilman Oscar S. Wyatt Jr. pleaded not guilty Thursday to charges that he conspired to pay several million dollars in illegal kickbacks to Saddam Hussein's Iraqi regime to win contracts through the United Nations oil-for-food program.
|
|
|
ITT Industries posts 3Q profit surge
Oct 27 2005 3:51PM (CT)
WHITE PLAINS, N.Y. (AP) - ITT Industries Inc. on Thursday posted a 72 percent surge in third-quarter profit, amid growth in its fluid-technology and defense segments, but warned that full-year results will fail to match Wall Street's expectations.
|
|
|
Raytheon 3Q profit rises 50 percent
Oct 27 2005 3:49PM (CT)
BOSTON (AP) - Defense contractor Raytheon Co. said Thursday its third-quarter profit rose by 50 percent on growth in its defense contracting business and its commuter aircraft unit.
|
|
|
Phelps Dodge profit rises; plans buyback
Oct 27 2005 3:48PM (CT)
PHOENIX (AP) - Phelps Dodge Corp. said profit in the latest quarter rose from a year earlier, bolstered by strong demand for both copper and molybdenum.
|
|
|
Goodyear 3Q profit more than triples
Oct 27 2005 3:43PM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co., said Thursday its third-quarter earnings more than tripled as drivers increasingly bought premium tires, a trend that has helped the nation's largest tire maker continue its rebound.
|
|
|
Verizon profit climbs on wireless growth
Oct 27 2005 3:35PM (CT)
NEW YORK (AP) - Verizon Communications Inc.'s profit edged higher in the third quarter as record growth in wireless and broadband subscribers offset the ongoing declines in traditional phone lines at the big telecommunications company that is buying MCI Inc.
|
|
|
Dow Chemical 3Q profit leaps on pricing
Oct 27 2005 3:20PM (CT)
MIDLAND, Mich. (AP) - Dow Chemical Co. continued its strong performance in the third quarter, beating Wall Street's earnings expectations with a 30 percent profit increase. It was its 11th consecutive quarter of year-over-year earnings growth.
|
|
|
SBC to call itself AT&T after acquiring it
Oct 27 2005 2:54PM (CT)
NEW YORK (AP) - The storied AT&T name will live on after the long distance phone company is acquired by SBC Communications Inc., which is renaming itself and most of its products under the 120-year-old brand.
|
|
|
European Commission to make new offer
Oct 27 2005 2:32PM (CT)
HAMPTON COURT, England (AP) - The European Commission will make a new offer in global trade talks Friday, Commission President Jose Manuel Barroso said.
|
|
|
Bankrupt Winn-Dixie reports $691M loss
Oct 27 2005 2:22PM (CT)
JACKSONVILLE, Fla. (AP) - Supermarket chain Winn-Dixie Stores Inc., struggling to emerge from bankruptcy by closing unprofitable stores and warehouses, reported a net loss of $691 million in fiscal year 2005, compared with a $51 million loss in 2004.
|
|
|
WTO rules against proposed bananas tariff
Oct 27 2005 2:20PM (CT)
GENEVA (AP) - The World Trade Organization ruled Thursday that a new European Union tariff on imported bananas is illegal, siding with eight Latin American countries who said Brussels' proposal would seriously limit their ability to export the fruit.
|
|
|
Judge dismisses lawyers' Microsoft case
Oct 27 2005 1:58PM (CT)
BALTIMORE (AP) - A federal judge said Thursday he had "better things to do" than to decide whether a group of lawyers should receive more than $24 million in legal fees for their work against Microsoft Corp. in antitrust cases.
|
|
|
Firm: Refco treated CEO unit like its own
Oct 27 2005 1:55PM (CT)
NEW YORK (AP) - When futures brokerage Refco Inc. discovered $430 million of uncollectible, hidden debt stashed away in Refco Group Holdings Inc. earlier this month, it characterized the company bearing its name as a separate entity controlled by ousted chief executive Phillip Bennett.
|
|
|
Corvette's chief engineer to retire
Oct 27 2005 1:51PM (CT)
DETROIT (AP) - The chief engineer of the Chevrolet Corvette will retire on Jan. 1 after 41 years with General Motors Corp., the automaker said Thursday.
|
|
|
China's parliament eases poor's tax burden
Oct 27 2005 1:38PM (CT)
BEIJING (AP) - China on Thursday passed legislation to lighten the tax burden on the country's poor as part of a government plan to trim the politically explosive gap in wealth.
|
|
|
McDonald's to start selling organic coffee
Oct 27 2005 1:36PM (CT)
MONTPELIER, Vt. (AP) - McDonald's Corp. will begin selling organic coffee at its New England restaurants next month, an arrangement that could propel growth for the Vermont-based roaster and help the fast-food chain compete for customers who avoid the Golden Arches in favor of a better cup of joe.
|
|
|
OECD: U.S. economy set for soft landing
Oct 27 2005 1:17PM (CT)
PARIS (AP) - The U.S. economy is on course for a "soft landing" and steady growth of 3.25 percent next year, the OECD said Thursday, but the federal budget deficit and soaring oil prices still pose risks.
|
|
|
Abbott agrees to pay to settle royalties
Oct 27 2005 1:15PM (CT)
NORTH CHICAGO, Ill. (AP) - Abbott Laboratories Inc. has agreed to pay more than $300 million to Cambridge Antibody Technology Group PLC in a settlement over royalties for the rheumatoid arthritis drug Humira, the companies announced.
|
|
|
Judge lets Northwest surrender more planes
Oct 27 2005 1:14PM (CT)
NEW YORK (AP) - Northwest Airlines Corp., the nation's fourth-largest airline, can abandon leases on another 100 planes, a bankruptcy judge said Thursday, which could allow the carrier to cut flights.
|
|
|
Report: BP refinery had previous releases
Oct 27 2005 12:58PM (CT)
TEXAS CITY, Texas (AP) - The BP refinery where 15 people died in a series of explosions had a history of dangerous releases of flammable material, federal investigators concluded in a preliminary report released Thursday.
|
|
|
First Horizon Pharmaceutical stock drops
Oct 27 2005 12:33PM (CT)
NEW YORK (AP) - First Horizon Pharmaceutical Corp. stock fell Thursday after the drug company said 2006 earnings would miss analysts' expectations.
|
|
|
EU threatens to sue gov'ts blocking mergers
Oct 27 2005 12:28PM (CT)
BRUSSELS, Belgium (AP) - The European Union will take legal action against governments that meddle in banking mergers, EU Internal Market Commissioner Charlie McCreevy said in a letter to finance ministers sent this week.
|
|
|
WTO: Growth in world trade to slow down
Oct 27 2005 12:11PM (CT)
GENEVA (AP) - Growth in world trade will slow in 2005 because of lower economic output, partly caused by the sharp rise in oil prices, the WTO said Thursday.
|
|
|
Royal Dutch Shell profit hits $9.03B
Oct 27 2005 12:06PM (CT)
LONDON (AP) - Royal Dutch Shell PLC, one of the world's largest oil companies, said Thursday its third-quarter profit grew 68 percent to $9.03 billion, as soaring oil prices outweighed lost production and damage to rigs from hurricanes in the Gulf of Mexico.
|
|
|
BAT posts decline in quarterly profit
Oct 27 2005 11:53AM (CT)
LONDON (AP) - British American Tobacco PLC said Thursday earnings fell in the third quarter, but that the results were affected by last year's merger with U.S. tobacco company Reynolds American Inc.
|
|
|
Rates on 30-year mortgages increase
Oct 27 2005 11:14AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages stayed above 6 percent for the third straight week, rising to the highest level in 15 months.
|
|
|
Exxon Mobil 3Q profit balloons to $9.92B
Oct 27 2005 11:05AM (CT)
IRVING, Texas (AP) - Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales.
|
|
|
Predix Pharma withdraws its IPO
Oct 27 2005 11:00AM (CT)
LEXINGTON, Mass. (AP) - Predix Pharmaceuticals Holdings Inc. has withdrawn its initial public offering because of recent market conditions, but the company said it's continuing its clinical development programs for its three lead product candidates.
|
|
|
Applied Biosystems profit up 56 percent
Oct 27 2005 10:59AM (CT)
FOSTER CITY, Calif. (AP) - Applied Biosystems Group said Thursday its profit rose 56 percent in the latest quarter, driven by growth in instruments and consumables.
|
|
|
Court OKs modified terms for Refco auction
Oct 27 2005 10:47AM (CT)
NEW YORK (AP) - A U.S. bankruptcy court judge has accepted Refco Inc.'s modified terms for an auction of the company's futures brokerage business, setting a bid deadline of Nov. 4 and an auction date of Nov. 9 if more than one bid is received.
|
|
|
Greenspan: Y2K preparations helped economy
Oct 27 2005 10:09AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Alan Greenspan said Thursday that all the preparations that went into making sure the country's computer systems would keep running when 1999 turned to 2000 helped the nation's financial systems weather the 2001 terrorist attacks.
|
|
|
Aetna 3Q profit dips, raises outlook
Oct 27 2005 9:42AM (CT)
HARTFORD, Conn. (AP) - Aetna Inc., one of the nation's largest health insurers, on Thursday said earnings for the third quarter fell from results that included hefty gains a year ago, but said its membership grew and raised its outlook for the year. Its shares rose more than 3 percent.
|
|
|
Murphy Oil hoping La. residents settle
Oct 27 2005 9:37AM (CT)
HOUSTON (AP) - Hoping to forestall a class-action lawsuit over a large oil spill from its Louisiana refinery, Murphy Oil Corp. is trying to persuade residents to settle with the company.
|
|
|
Glaxo, AstraZenenca earnings increase
Oct 27 2005 9:33AM (CT)
LONDON (AP) - GlaxoSmithKline PLC and AstraZeneca PLC, Britain's largest drug makers, both lifted their forecasts for full-year earnings on the back of strong third-quarter profits reported Thursday.
|
|
|
Arcelor sees profit on Latin America move
Oct 27 2005 9:28AM (CT)
BRUSSELS, Belgium (AP) - Steel giant Arcelor SA posted a 4.5 percent increase in third-quarter net profit Thursday as its move into Latin America boosted results amid difficult market conditions worldwide.
|
|
|
France Telecom shares fall on cut forecast
Oct 27 2005 9:19AM (CT)
PARIS (AP) - France Telecom SA said revenue rose 3.8 percent in the third quarter as broadband growth helped offset an ongoing fixed-line slump, but its shares dropped after the company trimmed its full-year forecast.
|
|
|
AstraZeneca lifts its earnings forecast
Oct 27 2005 8:30AM (CT)
LONDON (AP) - Drugmaker AstraZeneca PLC lifted its full-year earnings target Thursday as it reported an 8 percent increase in quarterly profits on the back of increased sales and cost-cutting measures.
|
|
|
TSMC reports 12 percent drop in 3Q profit
Oct 27 2005 8:19AM (CT)
TAIPEI, Taiwan (AP) - Taiwan Semiconductor Manufacturing Co., the world's largest supplier of made-to-order chips by revenue, said Thursday its third-quarter profit fell 12 percent from a year earlier after it idled part of its multibillion dollar factories amid weaker demand.
|
|
|
Landlocked Tenn. home to shrimp industry
Oct 27 2005 8:02AM (CT)
NASHVILLE, Tenn. (AP) - It's a crop largely unheard of in Tennessee and mostly unseen, growers say. But hundreds of miles from any ocean, about 20 farmers in places like Springfield, Jackson and Morristown are raising shrimp.
|
|
|
Elan reports narrower quarterly net loss
Oct 27 2005 7:57AM (CT)
LONDON (AP) - Troubled drug manufacturer Elan Corp. PLC reported a narrower net loss for the third quarter Thursday on cost cutting and improved revenues, but gave no further news about the future of its suspended multiple-sclerosis drug Tysabri.
|
|
|
GlaxoSmithKline profit up on sales growth
Oct 27 2005 7:25AM (CT)
LONDON (AP) - Pharmaceutical company GlaxoSmithKline PLC posted a 19 percent increase in quarterly net profit Thursday, as it reported strong sales growth across all regions and key drugs.
|
|
|
Alcatel 3Q profit climbs 36 percent
Oct 27 2005 6:56AM (CT)
PARIS (AP) - French telecommunications equipment maker Alcatel SA said Thursday its third-quarter profit rose 36 percent, but it cut its full-year profitability target slightly after every division posted a decline in operating results.
|
|
|
Sony's quarterly profit drops nearly half
Oct 27 2005 6:53AM (CT)
TOKYO (AP) - Sony Corp. said Thursday its profit in the latest quarter dropped by nearly half from a year ago, as electronics sales stayed flat, its movies business stumbled and earnings suffered from a heavier tax burden and losses related to equity holdings.
|
|
|
Profits surge at Fujitsu, NEC in quarter
Oct 27 2005 6:51AM (CT)
TOKYO (AP) - Two major Japanese electronics makers _ Fujitsu and NEC _ reported on Thursday a jump in profit for the July-September quarter, although their sales continued to falter amid intense global competition and plunging prices.
|
|
|
Honda reports profit on booming sales
Oct 27 2005 6:44AM (CT)
TOKYO (AP) - Honda Motor Co., Japan's third-largest automaker, reported a record profit for its fiscal half-year Thursday _ up 1 percent from a year ago _ on the back of strong sales around the world, especially in North America.
|
|
|
AstraZeneca lifts full year forecast
Oct 27 2005 6:22AM (CT)
LONDON (AP) - Drug maker AstraZeneca PLC lifted its full year earnings target Thursday as it reported an 8 percent increase in quarterly profit.
|
|
|
Hyundai 3Q profit up on overseas sales
Oct 27 2005 5:53AM (CT)
SEOUL, South Korea (AP) - Hyundai Motor Co. said its third-quarter net profit rose 27 percent from a year earlier as overseas sales helped offset production losses from a 12-day workers' strike.
|
|
|
Nomura Holdings' net quarterly profit up
Oct 27 2005 5:40AM (CT)
TOKYO (AP) - Nomura Holdings Inc., Japan's top securities house, said Thursday profit surged in the July-September quarter from a year earlier as the booming Tokyo stock market bolstered its retail and wholesale operations.
|
|
|
Fujitsu posts half-year profit
Oct 27 2005 5:39AM (CT)
TOKYO (AP) - Japanese electronics maker Fujitsu Ltd. posted its first fiscal half-year profit in five years, thanks to income from accounting policy changes, a litigation settlement and trimmed losses in its technology and network systems business.
|
|
|
Reuters reports 8 percent rise in revenue
Oct 27 2005 5:26AM (CT)
LONDON (AP) - News and financial data provider Reuters Group PLC reported an 8 percent increase in quarterly revenue Thursday as sales of its financial data terminals continued to show growth.
|
|
|
Japanese tycoon sentenced in fraud case
Oct 27 2005 5:18AM (CT)
TOKYO (AP) - A Japanese court convicted resort and railroad tycoon Yoshiaki Tsutsumi of insider trading and falsifying company records Thursday, slapping him with a fine of 5 million yen ($43,200) and a suspended prison sentence.
|
|
|
China Construction Bank IPO makes debut
Oct 27 2005 5:10AM (CT)
HONG KONG (AP) - Shares of China Construction Bank Corp. _ the world's biggest initial public offering this year _ made a lukewarm debut on Hong Kong's stock exchange Thursday because the IPO's price left little room for quick gains, analysts said.
|
|
|
Canon raises full-year forecast
Oct 27 2005 4:38AM (CT)
TOKYO (AP) - Canon Inc. said Thursday its net profit slipped 1.1 percent in July-September quarter from the same period a year ago, but raised its full-year earnings projection to an all-time high.
|
|
|
Tighter oversight OK'd for mortgage giants
Oct 27 2005 3:28AM (CT)
WASHINGTON (AP) - The two largest buyers of home mortgages, Fannie Mae and Freddie Mac, would be brought under tighter government rein in a bill passed by the House, but White House opposition and a divergent approach in the Senate make its future uncertain.
|
|
|
GM says sales in China up 28 percent
Oct 27 2005 1:47AM (CT)
SHANGHAI, China (AP) - General Motors Corp. said Thursday that its sales in the first three quarters of 2005 rose 27.8 percent from a year earlier, helped by a rebound in sales following a slow start.
|
|
|
Baidu profit rises, but doesn't impress
Oct 27 2005 12:36AM (CT)
BEIJING (AP) - Baidu.com Inc. exceeded analyst expectations in its first quarterly earnings report as a publicly held company, but the performance proved to be a letdown for investors betting on the maker of China's leading Internet search engine.
|
|
|
Japan: U.S. won't affect decision on beef
Oct 27 2005 12:35AM (CT)
TOKYO (AP) - A U.S. Senate proposal to impose tariffs on Japanese products should not influence Tokyo's decision on whether to ease its ban on American beef, imposed due to mad cow disease fears, a top government official said Thursday.
|
|
|
Automotive paint co. shows future trends
Oct 27 2005 12:26AM (CT)
TROY, Mich. (AP) - Only a handful of people know what new vehicles will look like in 2009. But automotive paint supplier PPG Industries Inc. already has a good idea what colors those vehicles will be.
|
|
|
Cheap summer suds take toll on brewers
Oct 27 2005 12:22AM (CT)
NEW YORK (AP) - It started in early summer and built through the Fourth of July. By the time it reached its crescendo in Florida over Labor Day, people hoarded all they could. College newspapers printed enthralled articles. It had been a beer sale for the history books.
|
|
|
|
|
|