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CompareCC News Archive Listing for Business during 2005-11-21.
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For Fox's 'Idol,' Success Is Set on a Shaky Pedestal
 
'American Idol' is the financial lifeblood of Fox's prime-time business, but the network has kept news about the series almost completely under wraps in the last several months.
Tapping a New Age Life on the Web, Cellphone and TV
 
Lime is a media company devoted to new-age lifestyle programs on subjects like organic food, hybrid cars and alternative medicine that has big-name backers.
Drug Maker Rejects Bid for Takeover
 
Medicis Pharmaceutical rejected an unsolicited $2.2 billion merger bid made late Friday by the Mentor Corporation.
Rival Ad Executives Are Said to Join in an Effort to Buy Aegis
 
The French investor Vincent Bolloré has teamed up with Martin Sorrell and the private equity group Hellman & Friedman to bid for the Aegis Group.
Boeing Announces New Orders Worth $13.7 Billion
 
The deals are for 112 aircraft from Emirates Airlines and China and extend Boeing's gains in new business this year over its larger rival.
Process Is Served as Lord Black Sues a Biographer
 
Peter C. Newman, a best-selling author and former editor of Maclean's magazine, was served with a $1.8 million lawsuit from Conrad Black at a black-tie social event in Toronto.
Search Engines Gaining in Use, a Study Says
 
Search now claims the No. 2 spot among online tasks after sending and receiving e-mail messages.
Skype Says RadioShack to Sell Kits for Its Web-Based Phone Service
 
Skype Technologies, which provides free- and low-cost Web-based telephone services, is reaching for the American consumer mainstream.
Seeking Clean Fuel for a Nation, and a Rebirth for Small-Town Montana
 
If the vast, empty plain of eastern Montana is the Saudi Arabia of coal, then Gov. Brian Schweitzer may be its Lawrence.
Advertising: A Survey Shows Problems Remain in Agency-Advertiser Relationships
 
Significant differences still prevent advertisers and agencies from working together more productively.
Link By Link: Railing at Sony BMG, Disguised as a Review
 
Snarky Internet shoppers have quickly turned Amazon.com's new tagging system into digital graffiti.
Sony Has NBC Ask, 'Mom, What's a Geisha?'
 
Last Monday's episode of NBC's 'Medium' offered a new twist on product placement, with a story line woven around an upcoming Sony Pictures movie.
TiVo to Transfer Shows to iPods, Sony PSP
 
The announcement builds on TiVo's release in February that allows its users to transfer programs to personal computers and DVD's.
BP buys stake in China fuel firm
 
BP buys a stake in main Chinese jet fuel importer China Aviation Oil, but the size of the investment is not revealed.
China, U.S. to cooperate on yuan: Bush
 
Reuters - Washington and Beijing will cooperate toward making the yuan's exchange rate more responsive to market forces of supply and demand, visiting U.S. President George W. Bush said on Sunday.
New Xbox Goes on Sale at Midnight. Good Luck.
 
Wall Street analysts expect a shortage in the U.S., with some saying Microsoft has purposely stoked demand beyond the company's ability to meet it.
A Newly Merged Company Maintains a Familiar Globe
 
SBC Communications completed its purchase of AT&T on Friday and the new company logo will keep the blue globe as its basic motif.
Public TV Overseer Faces New Questions
 
An auditors' report of the Corporation for Public Broadcasting has raised questions about the propriety of a number of large contracts.
EDF shares due to start trading
 
Shares in state-owned French power company EDF are scheduled to start trading in Paris on Monday.
Russian group 'to float on LSE'
 
Russian steel firm Novolipesk is this week expected to announce plans to list on the London Stock Exchange.
EU meets ahead of WTO talks
 
European Union trade ministers are due to meet as the battle over farm subsidies threatens to derail WTO talks.
Mentor launches bid for Medicis
 
Reuters - Mentor Corp. , a U.S.-based maker of breast implants and other medical devices, said it had proposed a $2.2 billion bid for Medicis Pharmaceutical Co. , turning an existing industry takeover battle on its head.
Tapping a New-Age Life on the Web, Cellphone and TV
 
Lime is a media company devoted to new-age lifestyle programs on subjects like organic food, hybrid cars and alternative medicine that has big-name backers.
G.M. Set to Announce Restructuring Plan
 
General Motors is expected to outline a restructuring plan on Monday that could include a series of plant closings and other cutbacks.
Stagecoach sells New Zealand unit
 
British rail and bus operator Stagecoach agrees to sell its New Zealand operations for NZ$250.5m (£100m).
GM to close 4 U.S. plants: report
 
Reuters - General Motors Corp Chief Executive Rick Wagoner will announce plans this week to close four U.S. assembly plants, the Automotive News industry paper reported on Monday, citing a "company insider."
Glaxo shares fall on FDA Advair proposal
 
Reuters - Shares in GlaxoSmithKline Plc fell 5 percent on Monday after the U.S. Food and Drug and Administration proposed restrictions on its top-selling asthma drug Advair, threatening future sales.
Oil prices rise on colder weather
 
Global oil prices rise as colder weather hits the north-east of the US, raising concerns about heating oil supplies.
Cadbury selling Europe drinks arm
 
Confectionary giant Cadbury Schweppes agrees to sell its European soft drinks business for £1.3bn.
Siemens 'wins Chinese train deal'
 
China awards Siemens and a Japanese consortium contracts to supply high-speed trains, reports claim.
EDF shares start trading in Paris
 
Shares in state-owned French power company EDF open flat as they start trading on the Paris stock exchange.
Boeing inks aircraft deals
 
Boeing signs massive deals to sell planes to China and Dubai, worth nearly $14bn (£8.15bn) between them.
Stagecoach sells NZ business
 
British rail and bus operator Stagecoach agrees to sell its New Zealand operations for NZ$250.5m (£100m).
UK house prices show slight rise
 
Annual house price inflation rose in September for the first time in six months, government figures show.
Bosses quit at struggling Pioneer
 
The chairman and president of Japanese electronics group Pioneer quit to take the blame for its current problems.
GM to close four plants: report
 
Reuters - General Motors Corp Chief Executive Rick Wagoner will announce plans this week to close four U.S. assembly plants, the Automotive News industry paper reported on Monday, citing a "company insider."
Japan Stays Upbeat Over Economic Recovery
 
AP - The Japanese government remained upbeat about the economy in its latest monthly report Monday, saying strong consumer demand combined with a rebound in exports is keeping the nation's recovery going.
U.S. stock futures little changed
 
Reuters - U.S. stock futures were little changed, pointing to a flat to slightly higher market opening on Monday, amid reports General Motors Corp. , the world's largest automaker, may close factories.
Car giant GM to cut 30,000 staff
 
US carmaker General Motors says it will cut 30,000 jobs under a shake-up that aims to save the firm $2.5bn a year.
Cadbury sells Europe drinks arm
 
Confectionery giant Cadbury Schweppes agrees to sell its European soft drinks business for £1.3bn.
EU 'will not budge on farm deal'
 
Brussels will not offer any new deals on agriculture ahead of world trade talks next month, Peter Mandelson says.
PM 'open-minded' on nuclear power
 
The government says it will ''look at all options'' as the CBI calls on it to decide about the future of nuclear energy.
Partygaming and Empire in bust up
 
Gaming firm Empire Online pulls out of takeover talks with larger rival Partygaming and threatens legal action.
EU ministers tackle future budget
 
EU foreign ministers are meeting in Brussels to try to iron out disagreements over the next budget.
Intel and Micron to form new company
 
Reuters - Intel Corp. and Micron Technology Inc. on Monday said they would form a new company to manufacture NAND flash memory for consumer electronics, removable data storage and handheld communications devices.
Boeing reveals $4.6 bln in 787 sales
 
Reuters - Planemaker Boeing Co. revealed its first leasing company buyers of the hot-selling 787 mid-sized aircraft on Monday, announcing previously unidentified deals worth up to $4.6 billion at list prices.
Pfizer to buy Incyte drugs
 
Reuters - Pfizer Inc. is set to pay Incyte Corp. as much as $803 million for the development, manufacture and marketing rights of drugs to treat chronic inflammatory conditions, the companies said on Monday.
Russian President Outlines Pipeline Plans
 
AP - Russian President Vladimir Putin called for stronger economic ties with Japan on Monday and said his country was committed to a pipeline that will supply crude oil to Japan and other countries in east Asia.
Blue chips rise at open on GM
 
Reuters - U.S. blue chips were slightly higher at the open on Monday as General Motors Corp. , a Dow component, announced plans to close factories and cut as many as 30,000 jobs in an attempt to repair financial problems.
G.M. to Cut 30,000 Jobs and Close 12 Facilities in 3 Years
 
Rick Wagoner, the embattled chief, announced a new effort to stem the company's billion-dollar losses.
Trichet re-affirms ECB rate rise
 
European Central Bank President Jean-Claude Trichet tells the EU Parliament that interest rates need to rise.
UK under fire on future EU budget
 
The UK is criticised for failing to steer the EU towards a solution of its 2007-13 budget disagreements.
Sprint Nextel to buy Alamosa
 
Reuters - Sprint Nextel Corp. said on Monday it would buy wireless affiliate Alamosa Holdings Inc. for about $3.4 billion, resolving legal issues that arose from Sprint's purchase of Nextel Communications, which operates in some of the same markets as the affiliate.
Leading indicator jumps in October
 
Reuters - A key gauge of the future direction of the U.S. economy rose 0.9 percent in October, offsetting the large decrease in September, a private research group said on Monday.
Intel, Micron to form flash memory co.
 
Reuters - Intel Corp. and Micron Technology Inc. on Monday said they would form a venture to make NAND flash memory for consumer electronics, removable data storage and handheld communications devices.
Boeing unveils $4.6 billion in 787 sales
 
Reuters - Rivals Boeing and Airbus announced more than $9 billion in aircraft orders on Monday, pushing them closer to a record tally this year as airlines grab more cost-efficient models due to high oil prices.
Economic Activity Increases in October
 
AP - A widely watched measure of future economic activity rose in October, signaling that the U.S. economy will grow this year — but at a more moderate pace than in 2004 — despite being battered by hurricanes in September.
Stocks gain on GM unveils restructuring
 
Reuters - U.S. stocks were higher Monday after news of General Motors Corp.'s plan to cut jobs and close factories lifted investors' optimism about the future of the world's largest automaker.
Sprint Nextel to Buy Alamosa Wireless Affiliate for $3.4 Billion
 
Sprint Nextel Corporation said Monday it will acquire Alamosa Holdings Inc., its largest wireless affiliate, for $3.4 billion.
Xbox 360 to kick off console wars
 
A new generation of video gaming kicks off with Microsoft's Xbox 360 going on sale in the US.
IMF warns on China's boom
 
China needs to move from an investment-led boom to greater emphasis on consumption, the IMF says.
Microsoft Xbox shortages looming
 
US gamers face a shortage as the new Xbox launches on Tuesday and a similar situation looks likely in the UK.
Kingfisher signs new Airbus deal
 
Low-cost Indian airline Kingfisher signs a deal worth nearly $2bn to buy 30 A320 Airbus aircraft.
Boeing and Airbus unveil $9 billion deals
 
Reuters - Boeing Co. and Airbus on Monday announced more than $9 billion in aircraft orders, pushing the rivals closer to a record tally this year as airlines seek more fuel-efficient models.
GM cuts to hit consumer confidence
 
Reuters - Job cuts at General Motors Corp. will shake consumer confidence across the United States and ripple through the auto parts industry, but the impact on the economy as a whole will be slight, economists said on Monday.
Stocks edge up on Boeing deals
 
Reuters - U.S. stocks edged higher on Monday after aircraft deals by Boeing Co. boosted investor optimism about profits and a gauge of the future direction of the U.S. economy rose more than expected.
Beverly Agrees to $1.5B Takeover Offer
 
AP - Nursing home operator Beverly Enterprises Inc. said Monday it has agreed to be acquired by a private-equity firm for about $1.5 billion after a previous sale fell through because financing couldn't be lined up in time.
G.M. to Cut 30,000 Jobs and Close Some Factories
 
Rick Wagoner, the embattled chief, announced a new effort to stem the company's billion-dollar losses.
EU opens defence market
 
EU defence ministers decide to open up billions of euros of military spending to cross-border competition.
Boeing orders boost lead over Airbus
 
Reuters - Boeing Co. on Monday revealed the first leasing company buyers for its 787 Dreamliner jet, further boosting its lead over rival Airbus and sending its shares to a 4 1/2-year high.
GM cuts to hit US confidence
 
Reuters - Job cuts at General Motors Corp. will shake consumer confidence across the United States and ripple through the auto parts industry, but the impact on the economy as a whole will be slight, economists said on Monday.
Stocks rise as Boeing lifts Dow
 
Reuters - U.S. stocks rose on Monday as Boeing Co. shares hit a 4-1/2-year high on news that the large U.S. aircraft maker had billions of dollars' worth of plane orders, which prompted some buying in a holiday-focused market.
The ins and outs of exchange traded funds
 
Reuters - Exchange traded funds are to traditional mutual funds what the iPod is to a Sony Walkman: A new approach to accomplishing the same goal, seen as sexier and trendier, and everywhere you look.
Intel deal for iPod memory chips
 
The world's largest chipmaker will team up with Micron to make flash memory chips for Apple.
EU agrees to open defence market
 
EU defence ministers decide to open up billions of euros of military spending to cross-border competition.
Moskow says rates near neutral
 
Reuters - More Federal Reserve rate increases are appropriate at this time, even with the federal funds rate at the low end of a neutral range, Chicago Fed President Michael Moskow said on Monday.
Stocks up as Boeing rise offsets GM drop
 
Reuters - Stocks rallied on Monday, driving the Dow to a gain for the year and its highest close since March as Boeing Co. shares hit a 4-1/2-year high on news of multibillion-dollar aircraft orders.
Beverly Agrees to Fillmore Acquisition
 
AP - Nursing home operator Beverly Enterprises Inc. said Monday it has agreed to be acquired by a private-equity firm for about $1.5 billion after a previous sale fell through because financing couldn't be lined up in time.
David Carr: Woodward? Google? A Plague Week
 
Google's new database could be more a spike to the heart than just another nail in the coffin for newspapers.
Berkshire Hathaway reveals stakes
 
Reuters - Berkshire Hathaway Inc. (BRKa.N) (BRKb.N), a company run by billionaire investor Warren Buffett, on Monday revealed previously undisclosed holdings of shares in Anheuser-Busch Cos. and Wal-Mart Stores Inc. .
Wal-Mart to match prices on Friday
 
Reuters - Wal-Mart Stores Inc. on Monday said that as part of its so-called "Black Friday" promotions, its stores will match any price featured in a local competitor's print advertisement if it has the identical product in stock.
Xerox sees 2006 profit up 10-15 percent
 
Reuters - Xerox Corp., one of the world's biggest printer makers, said on Monday that it expects per-share profit to rise 10 percent to 15 percent next year boosted by growth in its color printing business.
Group: Economic Activity Rises in October
 
AP - A widely watched measure of future economic activity rose in October, signaling that the economy will grow this year — but at a more moderate pace than in 2004 — despite being battered by hurricanes in September.
Stocks up, Boeing climb offsets GM drop
 
Reuters - Stocks rallied on Monday, driving the Dow to a gain for the year and its highest close since March as Boeing Co. shares hit a 4-1/2-year high on news of multibillion-dollar aircraft orders.
Judge Drops Charges Against Ex-CIBC Exec
 
AP - A state judge dismissed charges Monday that were filed against a Canadian Imperial Bank of Commerce official who had been accused of aiding an improper trading scheme that stole more than $2 million from two mutual funds.
Target says Nov. sales may rise 2-3 pct
 
Reuters - Target Corp. on Monday said it expects sales at stores open at least a year to increase 2 percent to 3 percent for November, if it meets its sales plan for the fourth week of the month.
Mix of Shock and Resignation on G.M. Shop Floors Set to Close
 
Many of the plants that will close are more than 50 years old and date back to an era when G.M. dominated the U.S. car market.
Market Place: A Hedge Fund for Anyone With $10,000
 
In the latest sign that the elite world of hedge funds is going mainstream, J. P. Morgan Chase is marketing a fund that will appeal to less wealthy investors.
In Rarity, Spitzer Drops Case
 
The New York attorney general is dropping charges against a former Canadian Imperial Bank of Commerce trader who was accused of aiding illegal trading in mutual funds.
Saving the Environment, One Quarterly Earnings Report at a Time
 
Companies are profiting from environmental concerns - from global warming to leaking landfills - as new environment-friendly companies appear each day.
Google Gift to Digital Library
 
Google plans to make a $3 million gift to the Library of Congress for a project that aims to digitize significant primary materials from national libraries.
Microsoft Plans to Ease Format Rules
 
Microsoft is seeking approval to make the software formats behind its Office programs an 'open standard' that it would license free to competitors, partners and developers.
European Rebuffs Talk of Series of Rate Rises
 
The president of the European Central Bank said that the bank had no plan to embark on a series of interest rate increases, but would assess the need for them over time.
Sony BMG Sued Over CD's With Anti-Piracy Software
 
The Electronic Frontier Foundation and the Texas attorney general filed lawsuits against Sony BMG for violating consumers' rights and trading in malicious software.
BET Founder Is Moving On To Hedge Fund
 
By Bloomberg News.
Economic Activity Increased in October
 
By The Associated Press.
November Rally Continues Despite Oil-Price Pressure
 
By The Associated Press.
Profit Rises at Campbell Soup
 
By Reuters.
Oracle Chief to Pay Millions in Legal Fees
 
Lawrence J. Ellison has agreed to pay $22 million as part of a settlement of a shareholders' lawsuit that already included a $100 million donation to charities.
Itineraries: The Power of the Bump
 
There is a passenger revolt against the tried-and-true system of issuing vouchers good for future flights to people willing to wait for the next departure.
Sprint to Acquire an Affiliate for $3.4 Billion
 
The Sprint Nextel Corporation said that it would acquire Alamosa Holdings Inc., its largest Sprint-branded wireless affiliate, for $3.4 billion.
Intel and Micron Plan Flash-Memory Venture
 
The companies announced a joint venture to manufacture NAND flash-memory chips in an effort to tap into one of the chip industry's fastest-growing segments.
Goldman to Encourage Solutions to Environmental Issues
 
As of today, the Goldman Sachs Group is officially green.
Stuck at the Edges of the Ad Game
 
Despite their notable rise in the advertising business, women have a long way to go.
Mentor Leaves Options Open on Its Bid for Medicis
 
The cosmetic medical device company Mentor indicated yesterday that it would not take Medicis Pharmaceutical's blunt rejection of its $2.2 unsolicited billion takeover proposal as the final word.
G.M. Announces Decision to Cut 5,000 More Jobs
 
Analysts questioned whether the revival plan was enough, saying it lacked the speed and breadth that had helped rivals make comebacks.
Addenda: JetBlue Picks WPP Unit to Be Its Creative Agency
 
JetBlue Picks WPP Unit.
Cadbury Sells Beverage Unit to Two Firms
 
Cadbury Schweppes agreed to sell its European beverages unit, including the Orangina and Schweppes soft drinks, for $2.2 billion.
AOL Joins Start-Up Company to Offer Web Video Distribution
 
America Online reached an unusual arrangement that will allow almost any producer of video content to distribute programming on its service.
Sounding Off: Avoid Being Dinged for Rental-Car Dents
 
How many motorists are billed for existing damage to the cars they rent?
Ben A. Franklin, 78, Reporter for The Times, Dies
 
Ben A. Franklin was a former national correspondent for The New York Times.
On the Road: Is Your Plane Half Full or Half Empty?
 
To some, the business travel glass is half empty this year. To others, it's at least half full.
Memo Pad: Radisson Ends Internet Charges
 
RADISSON ENDS INTERNET CHARGES Responding to growing complaints from business travelers about charges for in-room Internet access at upscale hotels, Radisson Hotels and Resorts said that starting Jan. 1, high-speed Internet access will be free in rooms at all its 186 hotels in the United States and 21 hotels in Canada.

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