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Example Headline of Genre for Date
Patent Fights Are a Legacy of MP3?s Tangled Origins
The $1.5 billion settlement against Microsoft is only one result of the music format?s tangled history.
Advertising: Can?t Tell Your Cokes Apart? Sue Someone
Coke Zero is being promoted with an unusual campaign about company executives suing each other.
A Contributor to Wikipedia Has His Fictional Side
Contributors to the popular collaborative encyclopedia turned against one of their own who was found to have created an elaborate false identity.
E-Commerce Report: A Richer Trip to the Mall, Guided by Text Messages
New Internet applications allow shoppers to use their cellphones and PDAs to search the inventory and prices at the local mall.
A Scuffle Over Pay Television in Britain Spills Into the Living Room
British Sky Broadcasting withdrew several of its channels from the main cable provider in Britain over a cost disagreement.
Wireless Technology Speeds Health Services in Rwanda
Cellphones are now being used to report from the field in Rwanda, enabling health care workers to better track and manage patients.
NBC Anchor to Baghdad, the First Trip Since ABC?s
Brian Williams is the first network news anchor to travel to Baghdad since ABC?s Bob Woodruff was severely injured last year.
In Europe, Private Equity Firms Strive to Buff Image
Under attack by politicians and trade union leaders, European private equity firms are trying to rescue their reputation.
If You Need Your News on the Run, Read the Summary
The Philadelphia Inquirer and its sister paper are giving readers a digest that offers a quick summary of the newspapers.
Microsoft Prize of $10,000 to Promote Xbox Games
Microsoft plans to announce a contest to develop the next great digital diversion for the company?s Xbox 360.
Drilling Down: Up Next: A Real Tally of Couch Potatoes
For the first time, Nielsen will release long-awaited ratings that tell ad buyers exactly how many people are watching their commercials.
China didn't trigger global stocks rout: regulator
Reuters - China's stock market is too small and
has too little foreign participation to be blamed for
triggering last week's rout in global share prices, the
country's securities regulator said on Monday.
Asia sees market slide continue
Asian stocks fall heavily as investors prepare for another uncertain week on the global stock markets.
Flybe completes BA Connect deal
British Airways completes the sale of the regional operations of subsidiary carrier BA Connect to Flybe.
Markets face uncertain week
Global stock markets face an uncertain week after the biggest sell-off in more than four years.
World markets see slide continue
Asian and European stocks continue to fall as the global share sell-off enters its second week.
HSBC hits record profits of $22bn
HSBC reports record annual profits of $22bn, even as bad debt from its mortgage business in the US rose.
Bacardi 'eyes Absolut Vodka bid'
Rum maker Bacardi expresses an interest in buying the owner of vodka brand Absolut, a report says.
Flights hit by BA sale to Flybe
British Airways sells the regional operations of BA Connect to Flybe, and cancels some 900 flights.
'Open skies' deal criticised
British Airways and Virgin Atlantic criticise an 'open skies' deal covering the EU and US airline industry.
BA shares fall on strike worries, weak market
Reuters - Shares in British Airways
dropped more than 6 percent on Monday after a newspaper report
that pilots at its GB Airways unit were voting on industrial
action over Easter, traders said.
Chrysler sales ex-North America rise 9 pct in Feb
Reuters - Chrysler Group sales outside North
America rose 9 percent in February to 15,194 units, the U.S.
arm of DaimlerChrysler (DCXGn.DE) said on Monday.
HSBC profits up 5 pct, bad debts hit $10.6 bln
Reuters - HSBC Holdings posted on Monday
a 5 percent rise in 2006 profits, just short of analysts'
expectations, as Europe's biggest bank took a $10.6 billion hit
for bad debts after problems in its U.S. mortgage lending.
World stock drop hits second week
European stocks fall - mirroring heavy losses in Asia - as the global share sell-off powers into its second week.
Paddy Power eyes new firms
Irish bookmaker Paddy Power is looking at buying new businesses after its annual profits jumped by 52%.
Tussauds firm sold in £1bn deal
The company behind the Madame Tussauds and London Eye tourist attractions is bought in a £1bn deal.
Councils 'will miss' pay deadline
Half the councils in England and Wales will miss a deadline to equalise pay between men and women, officials say.
Blair unveils welfare reform plan
Private firms and charities are to be given a key role in efforts to get people off long-term benefits, Tony Blair says.
Surprise fall in US consumer data
US consumer confidence fell more than forecast in February hit by fuel prices and job concerns, figures show.
Global stock markets battered as yen rises
Reuters - European shares sank to three-month lows
on Monday, led by banks and resource stocks, as the global
equity sell-off continued to batter investor confidence and the
yen hit three-month highs against the dollar.
Ford could sell Aston Martin this week: source
Reuters - Ford Motor Co . could announce the
sale of its Aston Martin luxury performance cars unit for more
than 450 million pounds ($865 million) as early as this week, a
source familiar with the matter said on Monday.
Blackstone to buy Tussauds group for 1 bln pounds
Reuters - Private equity firm Blackstone said on
Monday it was buying Madame Tussauds waxworks owner Tussauds
group for 1 billion pounds ($1.92 billion).
China's economy to race ahead despite lower growth target
AFP - China's economy will continue to race ahead at a near double-digit rate, analysts said Monday, despite a call by Premier Wen Jiabao's for a more controlled pace of development.
US mortgage defaults weigh on HSBC profits
AFP - Global banking giant HSBC Holdings announced a a 35.5-percent surge in bad debts during 2006 owing to increased defaults on home loans by high-risk US borrowers.
Asia Stocks Extend Losses
Markets in Asia and Europe fell again today as investors dumped stocks that had surged in recent weeks.
HSBC sees record profits of $22bn
HSBC reports record annual profits of $22bn, even as bad debt from its mortgage business in the US rose.
Moscow court jails Yukos duo
Two senior executives in the collapsed Yukos oil empire receive long prison terms for fraudulent trading.
Blair targets long-term jobless
Tony Blair promises more help for the long-term jobless to find work - but demands 'even greater effort' in return.
William Hill gets World Cup boost
UK bookmaker William Hill reports a 35% increase in annual profits thanks to stronger betting during the football World Cup.
Blackstone to buy Tussauds group
Reuters - Private equity firm Blackstone said on
Monday it was buying Madame Tussauds waxworks owner Tussauds
group for 1 billion pounds ($1.92 billion).
Asian and European Stocks Continue Decline
On Wall Street, markets opened lower but then stabilized.
US calls for EU open skies assent
A senior US negotiator in the new 'open skies' talks issues a plea for Europeans to understand the deal's potential.
BP buys Chevron's Dutch assets
Oil giant BP says it is buying the Dutch manufacturing business of its US-based rival, Chevron, for $900m.
BA and Virgin rap open sky deal
British Airways and Virgin Atlantic criticise an 'open skies' deal covering the EU and US airline industry.
EU bans Pakistan airline flights
The EU bars most of Pakistan International Airlines' fleet within its airspace due to safety concerns.
Blackstone to buy Tussauds owner
Reuters - Private equity firm Blackstone Group
is buying the owner of Madame Tussauds waxworks museums
for about 1 billion pounds ($1.9 billion) cash, creating the
world's second-biggest theme park group behind Walt Disney Co
.
ITV suspends premium phone-ins
Broadcaster ITV is to suspend all premium-rate phone-in competitions pending a review.
RIM chair resigns amid options review
Reuters - Jim Balsillie, the co-chief executive
of BlackBerry maker Research In Motion Ltd.,
has stepped down as chairman on Monday as the company announced
a $250-million earnings restatement relating to mistakes in how
it granted stock options in the past.
Services near four years of growth: ISM
Reuters - The U.S. service sector grew for the
47th straight month in February, though the rate of expansion
moderated more than expected from January's torrid pace and
pricing pressures eased, a report showed on Monday.
A&P to buy rival Pathmark
Reuters - Great Atlantic & Pacific Tea Co.
said on Monday that it plans to buy rival grocer
Pathmark Stores Inc. for $678.6 million, creating a
larger company to compete in the U.S. Northeast.
Wal-Mart Says Employee Taped Reporter?s Calls
A computer systems technician secretly taped calls with a reporter for The Times, a spokeswoman said today.
In Florida, a Company Finds a New Way to Sell Hurricane Insurance
Most big insurers are cutting back coverage in Florida and other coastal states after a string of hurricanes, but one businessman is using a nonprofit model to offer policies for well-off customers.
BlackBerry Maker?s Chairman Resigns but Will Remain as Co-C.E.O.
Research in Motion said it would restate $250 million in results, far more than it originally predicted, after a review of its stock-option grants.
Dow bucks worldwide shares slide
European and Asian markets fall as the global share sell-off hits its second week, although the US Dow Jones index bucks the trend.
IMF upbeat on UK economic growth
The UK economy will grow by 2.9% this year, although interest may need to rise further, the IMF forecasts.
Stocks mixed as sell-off weighs
Reuters - The global equity sell-off continued
on Monday, driving down the S&P 500 and the Nasdaq stock
indexes as concerns about the subprime mortgage lending market
aggravated a move away from risky investments.
US shares stable but prices are shaky elsewhere
AFP - Share prices in New York stabilised Monday but elsewhere investor unease persisted, driving down values in Europe and Asia.
In Florida, a New Way to Sell Hurricane Insurance
As most big insurers cut back coverage, one businessman is using a nonprofit model for well-off customers.
US joins latest global stock drop
The global stock market slump enters its second week, hitting shares in the US, Europe and Asia.
Car firms bat back on green issue
Green credentials are hailed as the car industry motors into Geneva for its annual jamboree.
IMF upbeat on UK growth
The UK economy will grow by 2.9% this year, although interest may need to rise further, the IMF forecasts.
Virgin TV in BSkyB legal threat
Virgin Media threatens to take legal action against BSkyB if a row between the two sides is not resolved.
RIM co-CEO drops chairman title
Reuters - Jim Balsillie, the co-chief executive
of BlackBerry maker Research In Motion Ltd.,
stepped down as chairman on Monday as the company announced a
$250-million earnings restatement relating to mistakes in how
it granted stock options.
Stocks fall amid subprime fears and global rout
Reuters - U.S. stocks fell on Monday, sending
the Nasdaq Composite index down more than 1 percent, amid
rising concerns about the subprime mortgage lending market and
the diminishing appetite for risk in the latest leg of the
global equity sell-off.
Ego, economics seen hampering mining consolidation
Reuters - In a mining market awash with cash and
parched for discoveries, there are rock-solid reasons why the
junior mining sector should consolidate, but ego and economics
could get in the way of such deals.
Wall Street hurt by mortgage worries
Reuters - U.S. stocks slid on Monday as a
worldwide flight from riskier assets moved into a second week,
fed in part by heightened concerns about the flagging health of
the subprime mortgage market.
Nikko says Citigroup to bid
Reuters - Citigroup is set to launch a tender
offer for scandal-hit Nikko Cordial Corp. (8603.T), and the
Japanese brokerage is considering the bid favorably, a Nikko
Cordial spokesman said on Tuesday.
Shares Continue to Sink, From Hong Kong to New York
Another big sell-off in Asia and more modest declines in European markets preceded the downturn in the United States.
Justices Turn Down Appeal by Ebbers
The Supreme Court rejected an appeal by Bernard J. Ebbers, the former WorldCom chief executive, who was convicted of orchestrating an $11 billion accounting fraud.
Rethinking the Banquet Menu
With budgets tight, conference planners are feeling squeezed as they try to balance rising food and labor costs with increasingly sophisticated palates.
NBC Names New Chief for News Program
Alexandra Wallace, a vice president of the news division, will replace John Reiss, and be charged with maintaining the program?s lead in the ratings over ?World News With Charles Gibson? on ABC.
BlackBerry Maker to Restate Results; Officer Gives Up a Title
Research in Motion said that a top executive stepped down from one of his posts after the company said it would restate about $250 million in earnings.
Foundation Defends Deals Done by Ex-Chief of A.I.G.
Maurice R. Greenberg acted in good faith in selling assets of the Starr Foundation to the companies he controls, according to a report from the foundation.
On The Road: This Air Sickness Bag Is Brought to You by ...
Initial worries that advertising would annoy airplane passengers have now been allayed, US Airways and its advertising partner say.
Barnes & Noble?s Shares Fall After Weak Forecast
The bookseller said it was closing its Internet distribution center in Memphis, eliminating 200 jobs.
Subprime Lender Under Inquiry Puts Some Workers on Leave
The Fremont General Corporation put some of its staff on paid leave ?pending further information? and said it would stop offering subprime mortgages.
A.& P. to Buy Pathmark, a Rival Grocer
The deal will create a 550-store $11 billion supermarket chain, the latest merger in the quickly consolidating grocery industry.
A.M.D. Says Pricing Battle May Affect Its Revenue Goal
As the price war with Intel continued to take its toll, shares of Advanced Micro Devices fell 23 cents, or 1.6 percent.
Google CEO discounts mergers
Reuters - Google Inc. is spinning
off mounds of cash from operations, but Chief Executive Eric
Schmidt appeared to rule out seeking big mergers or making
other dramatic changes in how the company uses cash.
Business Briefs - Monday
Investor's Business Daily - Europe's largest bank by market value said its profit rose 5% in '06 to $15.8 bil, while operating income jumped 14% to $70 mil, despite losses in its mortgage operation. HSBC projected it'll take 2-3 years to emerge from problems caused by home-loan defaults. Still, HSBC's CEO rejected claims the bank made unnecessarily risky U.S. loans. 'This is not trailer park lending,' Michael Geoghegan said. 'This is Main Street America.' Shares slid 0.4% to 85.91.
Dollars to Spare in China?s Trove
Pressure is growing on Beijing?s financial leaders to tap their foreign exchange reserves for social spending.
G.O.P. Shift Is Seen on Trade
The administration has signaled a new willingness to work with Democrats on three pending trade deals, with talk of labor rights guarantees.
Broadcasters Agree to Fine Over Payoffs
Four large radio station owners agreed to pay $12.5 million to resolve claims that they accepted cash in exchange for playing songs.
Equity Firm Attracted to Attractions
The Blackstone Group agreed to buy the Tussauds Group, owner of the Madame Tussauds wax museums, for £1 billion ($1.9 billion) in cash.
Network Insiders Sign Deal to Supply Programs to NBC
Two former network heads signed a deal to provide programs across all the company?s television channels.
Drug Maker Stops Work on Lung Disease Medicine
Patients with a potentially fatal lung condition have spent hundreds of millions of dollars on a drug that was not approved for their disease but was promoted for that use.
Advertising: Critics of Lending Practices Adopt a Harder Edge
A coalition of organizations plans to introduce a marketing campaign comparing the effects of so-called unfair lending practices with the havoc wreaked by natural disasters.
House Lawmaker Seeks Data From Makers of Stents and Drugs
The chairman of a House committee asked two medical device companies and three drug makers for documents as part of an investigation.
Chief Says Chrysler Unit May Be Sold
Speaking in Geneva, the chief executive of DaimlerChrysler said the all options were open for the Chrysler Group?s financing arm.
Growth in Services Slackened in February
February was the 47th consecutive month of business activity growth, according to a trade group, but the pace of expansion has slowed.
Motorola May Fight to Keep Icahn Off Board
Comments suggest that Motorola may stand up to Carl C. Icahn as he presses the chief executive to use $11.2 billion in cash to buy back stock and reward investors.
Vioxx Plaintiff Is Denied a Second Chance
The judge presiding over a Vioxx personal injury trial in Atlantic City rejected a motion to give one of the two plaintiffs a second chance at winning damages.
World Business Briefing | Asia: Japan: Citigroup Said to Weigh Stake
Citigroup, the financial giant, is expected to announce an offer to increase its stake in the scandal-tainted Japanese brokerage company the Nikko Cordial Corporation, said a Nikko spokesman, Shigeyuki Teshima. The potential $5 billion deal would mark Citigroup?s resurgence in Japan. Nikko Cordial faces a delisting from the Tokyo stock exchange because of an accounting scandal. According to media reports, the talks are aimed at Citigroup raising its stake in Nikko to above 50 percent, from under 5 percent. A Citigroup spokeswoman, Atsuko Yoshitsugu, declined to comment.
World Business Briefing | Europe: France: Accor Sells Hotels
Accor, the hotels group, said it had agreed to sell 72 hotels in Germany and 19 in the Netherlands to Moor Park Real Estate for 863 million euros ($1.1 billion). The Novotel, Mercure, Ibis and Etap Hotel properties involved in the transaction represent a total of 12,000 rooms, the company said. Accor will continue to operate the hotels under 12-year variable-rent leases. Accor said it would use the proceeds to reduce debt.
World Business Briefing | Europe: Britain: B.P. to Buy Chevron Assets
BP said it had agreed to buy Chevron?s manufacturing company in the Netherlands, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory. BP will acquire Chevron?s 31 percent minority shareholding in the Netherlands Refining Company as well as Chevron?s stake in the jointly owned wind farm located at the refinery; shareholdings in the nearby crude oil terminal and storage facility; and a number of associated pipelines. The deal, which is expected to be completed during the first half of the year, would make the refinery a 100 percent BP- owned asset.
World Business Briefing | Europe: Britain: H.S.B.C. Profit Rises
HSBC Holdings reported that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States that had led to the removal of two senior executives. The chief executive, Michael F. Geoghegan, said problem loans would take up to three years to work out. HSBC, which is based in London and operates in Europe, Asia and the Americas, reported net income of $15.79 billion for 2006, up from $15.08 billion in 2005. Loan impairment charges and other risk provisions rose to $10.57 billion, from $7.08 billion, largely because of a 20 percent increase in bad debt charges in the subprime mortgage market in the United States.
World Business Briefing | Europe: France: Possible State Aid for Airbus
The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. ?The state will play its role,? he said. However, EADS?s biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
World Business Briefing | Australia: Trade Deficit Narrowed in January
The country?s trade deficit narrowed in January as coal and manufacturing exports rose, signaling that growth may pick up in the Asia-Pacific region?s fifth-largest economy. The trade shortfall narrowed to 876 million Australian dollars ($677 million) from 1.38 billion Australian dollars in December, the Bureau of Statistics reported. Exports rose 2 percent and imports dropped 1 percent. Total exports climbed to 18.12 billion Australian dollars in January. Farm exports like meat, sugar, wheat and wool declined 1 percent. Shipments of nonrural goods, which include minerals, increased 3 percent. Total imports fell to 18.99 billion Australian dollars from December. Imports of intermediate goods, which include fuel, decreased 1 percent.
Citigroup poised to bid for Japan's Nikko Cordial
Reuters - Citigroup is set to launch a tender offer
for scandal-hit Japanese brokerage Nikko Cordial Corp., a Nikko
spokesman said on Tuesday, a potential $5 billion deal that
would mark Citigroup's resurgence in Japan.
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