|
Select
Example Headline of Genre for Date
Microsoft Attacks Google on Copyright
The Microsoft Corporation has prepared a blistering attack on rival Google, arguing that the Web search leader takes a cavalier approach to copyright protection.
Frequent Flier: Obsessive About Service, the Good and the Bad
Other travelers take service for granted. But as a professional concierge, I?m obsessive about service.
Agency Halts Sale of a Modified Rice
The Agriculture Department ordered seed dealers on Monday not to sell a long-grain rice seed that may contain a genetic modification not approved for planting.
New Leader Is Appointed at McAfee
McAfee, the large maker of security software, appointed David DeWalt of the EMC Corporation as its chief executive.
World Business Briefing | Americas: Canada: Partnership Buys Pipeline
The Inter Pipeline Fund agreed to buy the Corridor pipeline system in Alberta from Kinder Morgan for 275 million Canadian dollars ($233 million) to become the largest shipper of bitumen from the province?s oil sands. The Corridor system transports diluted bitumen, a heavy oil, from the Athabasca oil sands project near Fort McMurray to a processing plant near Edmonton, the partnership said. Inter Pipeline will also assume 485 million Canadian dollars of Corridor debt. Inter Pipeline already operates and holds an 85 percent stake in the Cold Lake pipeline, which transports 330,000 barrels of blended bitumen a day in east-central Alberta. After the Corridor acquisition, the partnership said its lines would carry about half of the production of bitumen from Alberta?s tarlike oil sands.
World Business Briefing | Europe: Britain: HSBC 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.
Tesco in car repair payment offer
Tesco offers to pay for repairs to cars damaged by contaminated petrol sold at some of its stores.
Paulson: U.S. housing credit risks contained
Reuters - U.S. Treasury Secretary Henry Paulson
said on Tuesday that a weakened housing market will not have a
major impact on the U.S. financial sector, which he described
as quite healthy.
Shares rebound in Asian markets
Asian stock markets begin to claw back some ground following five days of losses.
Qantas bid cleared by government
Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
British Gas axes late payment fee
British Gas ditches controversial plans to impose a £5 penalty on customers for late payment.
HSBC sees record $22bn profits
HSBC reports record annual profits of $22bn, even as bad debt from its mortgage business in the US rose.
European and Asian markets rally
European and Asian stock markets begin to claw back some ground following five days of losses.
Carmakers stage green fightback
Green credentials are hailed as the car industry gathers in Switzerland for this year's Geneva motor show.
Citigroup bids $10.5bn for Nikko
US banking giant Citigroup offers 1.253 trillion yen to buy Nikko Cordial, Japan's third-largest brokerage.
Chrysler 'to meet buyout group'
Car giant Chrysler has opened its books to a buyout specialist for an in-depth look at its finances, reports say.
Rate rises fail to dent spending
High Street sales saw their strongest growth last month since mid-2006 despite recent rate rises, a report says.
BP chief Lord Browne's pay falls
BP chief executive Lord Browne's pay packet shrinks for a second year, the oil giant's annual review shows.
Citigroup bids $10.75 bln for broker Nikko Cordial
Reuters - Citigroup launched a $10.75 billion
takeover bid for scandal-hit Japanese brokerage Nikko Cordial
Corp. (8603.T) on Tuesday in a deal designed to transform its
business in the world's second-biggest economy.
Private equity firms meet Chrysler execs: report
Reuters - Representatives from Cerberus Capital
Management met executives from Chrysler Group on
Monday to consider a possible bid for the struggling automaker,
the Detroit News reported on Tuesday.
Greenspan sees 1/3 probability of U.S. recession: report
Reuters - Former Federal Reserve chairman Alan
Greenspan was quoted as seeing a 'one-third probability' of
recession in the United States this year, according to an
interview with Bloomberg.
Lawmakers considering new 401
AP - Investment plan fees can sap thousands of dollars from a worker's retirement savings. Some lawmakers are considering making companies that manage 401(k) plans give clearer and more complete information on those costs.
Asian Stocks Rebound, Boosting European Trading
Investors took advantage of low prices today and started buying again, bringing sighs of relief to Asian markets.
Microsoft attacks Google on books
Microsoft is set to launch an attack on Google, saying that its rival's book-scanning service 'violates copyright'.
Workers strike over Airbus cuts
More Airbus workers go on strike in protest at the firm's restructuring plans, which include 10,000 job cuts.
Qantas bid gets go-ahead
Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
Chrysler 'meets takeover group'
Car giant Chrysler has opened its books to a buyout specialist for an in-depth look at its finances, reports say.
China ban on new internet cafes
China says it will not allow any more cybercafes to open this year, in an attempt to cut down on 'internet addiction'.
FSA targets bogus insurance
The City watchdog asks insurers and brokers to inform on firms that they think are committing fraud.
Buyouts boost profits at Xstrata
Profits at mining group Xstrata more than double, boosted by acquisitions and rising metals prices.
Citigroup bids $10.8 bln for broker Nikko Cordial
Reuters - Citigroup bid $10.8 billion for
Japan's scandal-hit Nikko Cordial Corp. (8603.T) on Tuesday,
hoping to secure its biggest Asian deal and mark its resurgence
in the world's second-biggest economy.
Buyout firm Blackstone may bid for Chrysler: source
Reuters - Private equity firm The Blackstone Group
may bid for the troubled U.S. division of German
automaker DaimlerChrysler AG (DCXGn.DE), a person
familiar with the situation said on Tuesday.
Citigroup Launches Takeover Bid for Nikko Cordial
If successful, the $10.8 billion takeover would be the largest of a Japanese brokerage firm by a foreign company.
Wal-Mart Says Worker Taped Reporter?s Calls
A computer systems technician secretly taped calls with a reporter for The Times, a spokeswoman said.
Asian Markets Rebound; Europe Gets a Boost
Investors took advantage of low prices today and started buying again, bringing sighs of relief to Asia.
Italy loses Europe gambling case
Shares in bookmakers rise after Europe's top court rejects Italian gambling laws as being too restrictive.
Retailers offer car repair refund
Supermarkets offer to pay for repairs to cars damaged by contaminated petrol sold at stores.
Flybe to shut down Bristol routes
Flybe says it will close down its Bristol operations following its purchase of British Airways' subsidiary BA Connect.
Overseas bounce pushes futures higher
Reuters - U.S. stocks index futures jumped on
Tuesday as a rebound in Asian and European equities lifted
optimism that the market could be stabilizing after its recent
sell-off.
Financial investors close in on Chrysler
Reuters - Private equity investors closed
in on Chrysler on Tuesday as rival automakers at the Geneva car
show displayed scant interest in DaimlerChrysler's (DCXGn.DE)
loss-making U.S. division.
Productivity growth revised down to 1.6 pct
Reuters - Business productivity growth was
revised down sharply as expected in the fourth quarter to an
annualized 1.6 percent pace, government data on Tuesday showed,
in a warning on inflation as labor costs soared.
Bausch & Lomb recalls second contact lens solution
Reuters - Bausch & Lomb , which has been
struggling to recover from a sweeping recall of its ReNu with
MoistureLoc contact lens solution, said on Tuesday it had
initiated a recall of certain lots of its ReNu MultiPlus
contact lens solution.
Stocks Rise in Asia, Europe and U.S.
Investors took advantage of low prices today and started buying again, bringing sighs of relief to Asia.
Citigroup Bids for Japanese Brokerage House
If successful, the $10.8 billion takeover would be the largest of a Japanese brokerage firm by a foreign company.
UnitedHealth Restatement Lowers Profit by $1.55 Billion
Global stock markets enjoy rally
Global stock markets begin to claw back some ground following five days of losses.
US productivity gains disappoint
US workers' productivity fell short of expectations in late 2006 while labour costs soared, new figures show.
Sainsbury's offer deadline issued
The takeover watchdog sets a deadline for a private equity consortium to make a bid for Sainsbury's.
Citigroup bids $10.8bn for Nikko
US banking giant Citigroup offers 1.253 trillion yen to buy Nikko Cordial, Japan's third-largest brokerage.
Wall St joins overseas markets in rebound
Reuters - Stocks rose sharply on Tuesday,
driving the Nasdaq composite index more than 1 percent higher,
as overseas equities rebounded and investors bet that markets
may be stabilizing after recent heavy losses.
US factory orders at six-year low
US factory orders dropped by their largest amount in six and a half years in January, official figures show.
Phone-ins 'sloppy' says watchdog
TV phone-in quizzes have been 'sloppy' and viewers' trust is at 'rock bottom', says phone regulator Icstis.
Wall St rebounds as shares seen cheaper
Reuters - Stocks rallied on Tuesday as nearly a
week of steep declines left investors with the notion that for
now stocks are cheap.
Factory orders slump, Q4 productivity cut
Reuters - Factory orders suffered their
steepest drop in six years last month and an index of pending
homes sales fell, according to data on Tuesday highlighting
weak spots in the economy and risks to output.
Chief Sees Difficulties in Splitting Off Chrysler Brands
Dieter Zetsche, DaimlerChrysler?s chief executive, said it would be difficult to separate and sell single brands.
Productivity Is Less Than Estimated, and Pay Is Higher
Revised numbers show a jump in wages and lower productivity, two potentially troubling signs as the Fed considers interest rates.
Wall St up as shares' valuations look attractive
Reuters - U.S. stocks rose sharply on Tuesday,
driving all three major stock indexes up more than 1 percent,
as nearly a week of steep declines made shares' valuations look
enticing to buyers.
Lawmaker urges disclosure on 401
AP - A key House lawmaker said Tuesday that Congress needs to consider making companies that manage 401(k) plans give clearer and more complete information on fees, which can drain thousands of dollars from a worker's retirement savings.
Venture Capitalists Move From Web to Algae
Investors are now searching for a holy grail that symbolizes wealth in both profits and what?s good for the environment.
Global stock markets close higher
Stock markets around the world climbed after five days of losses, but analysts warn that volatility is still a concern.
Wall Street rebounds
Reuters - U.S. stocks rallied on Tuesday,
snapping a three-day losing streak as opportunities to buy
cheap shares in beaten-down sectors like financial services
enticed some investors back into the market after nearly a week
of steep declines.
Venture Capitalists Want to Put Some Algae in Your Tank
Investors are now searching for a holy grail that symbolizes wealth in both profits and what?s good for the environment.
Estee Lauder sees double-digit profit growth
Reuters - Cosmetics maker Estee Lauder Cos. Inc.
forecast up to 12 percent annual earnings growth over
the next three years as it cuts costs and expands overseas and
announced a $750 million share buyback on Tuesday.
Wal-Mart shipping Web orders to stores for free
Reuters - Wal-Mart Stores Inc. said on
Tuesday that it is offering free shipping on thousands of items
purchased on its Web site for pick-up in more than 750 of its
U.S. stores.
Factory orders slump could derail economic recovery
Reuters - U.S. factory orders suffered the
steepest drop in six years last month and an index of homes
sales fell, according to data on Tuesday highlighting weak
spots in the economy that could derail its recovery.
Stocks & Bonds: Markets Up Overseas, and Wall St. Rallies
Wall Street rebounded Tuesday on a recovery in world markets. The Dow Jones industrial average rose more than 150 points.
Citigroup Makes $10.8 Billion Bid for Japanese Brokerage Firm
If successful, the $10.8 billion takeover would be the largest of a Japanese brokerage firm by a foreign company.
ETFs Nipping At Mutual Funds' Heels
Investor's Business Daily - Mutual funds have been a strong force in the investment world, with their assets mushrooming from $135 billion at the end of 1980 to $10 trillion at year-end 2006.
Makers of Sodas Try a New Pitch: They?re Healthy
In coming months, Coca-Cola and PepsiCo will introduce carbonated drinks fortified with vitamins and minerals.
Venezuela Disavows 1980s-Era Bonds
An international financial dispute between a group of Ohio investors and Venezuela?s solicitor general is playing out in federal court.
Searching for Michael Jordan? Microsoft Wants a Better Way
Trying to catch up with Google, Microsoft says it will change the way computer users search.
Revised Figures Show Sharper Slowdown in Productivity in the Fourth Quarter of 2
New labor statistics show that productivity is slowing faster than previously thought, raising the question of whether layoffs are soon to follow.
Italian Case May Open Up Crossborder Gambling
The top European court on Tuesday prohibited Italy from prosecuting bookmakers based in other European countries.
Square Feet: An Art Gallery in the Lobby
The first Class A commercial condominium building in Lower Manhattan has taken lobby art to a new level, transforming the space with rotating exhibits.
Advertising: Shades of Youth: Can You See Me Now?
A campaign for sunglasses carries a theme ? ?Never hide? ? that seems counterintuitive when you consider the product.
Economix: The Data Tell a Different Story on Heart Patients
Gaps in insurance aren?t the only problem with the medical system. Hospitals should be required to report more information.
U.S. to Owe Billions for Delays in Nuclear Dump, Official Says
The federal government will owe $7 billion in damages to nuclear plant operators who signed contracts for the planned waste repository at Yucca Mountain, Nevada.
Fed Chief Seeks to Limit Mortgage Agencies
The chairman of the Federal Reserve urged Congress to bolster regulation of the mortgage giants Fannie Mae and Freddie Mac.
Airbus Workers in France Protest Planned Job Cuts
Thousands of Airbus employees took to the streets to protest planned job cuts that have drawn fire amid a heated presidential campaign.
Insurer Wraps Up Restatement
The UnitedHealth Group completed an earnings restatement of up to $1.5 billion tied to its stock options accounting Tuesday.
BP Cuts Bonus in Half for Outgoing Executive
Oil spills and safety lapses in the United States have overshadowed record profits.
Iconix to Buy Rocawear, Jay-Z?s Clothing Brand
The owner of fashion brands including Joe Boxer and Candie?s said it had agreed to buy the Rocawear brand for $204 million in cash.
Detroit Company Moving Its Base to Dallas
Comerica Inc., a financial services company with assets of $58 billion, said on Tuesday that it would move its headquarters to Dallas from Detroit.
To Settle Suit, Maker Agrees to Withdraw Growth Drug
A drug to spur growth in extremely short children will be removed from the market to settle patent infringement charges.
Tribune Co. Will Sell 2 Connecticut Papers
The Tribune Company said on Tuesday that it was selling its daily newspapers in Stamford and Greenwich, Conn., to the Gannett Company for $73 million.
U.S. Approves Novartis Hypertension Drug
Tekturna, the first new type of blood pressure medicine in more than a decade, is a potential blockbuster for the Swiss pharmaceutical maker Novartis.
Firms Make Bid for Baseball Card Maker
The Topps Company said that it would be acquired for $385 million by an investment firm run by Michael D. Eisner.
Ernest Gallo, 97, Founder of Winery, Dies
Ernest Gallo parlayed $5,900 and a wine recipe from a public library into the world?s largest winemaking empire.
Paul Secon, Entrepreneur Who Helped Found Pottery Barn, Dies at 91
Paul Secon opened the first Pottery Barn store in Manhattan in 1949, selling discontinued and slightly damaged ceramics from an upstate New York factory.
World Business Briefing | Americas: Canada: Interest Rates Unchanged
The Bank of Canada held its main overnight interest rate unchanged at 4.25 percent, as expected, and shrugged off market volatility. It made no suggestion of future rate moves, indicating that it will keep monetary policy unchanged for some time. ?The Bank of Canada is very happy where things are, given all the uncertainties,? said Michael Gregory, senior economist at BMO Capital Markets.
World Business Briefing | Europe: Britain: Parts Maker Acquired
Meggitt, a British engineering and manufacturing company, agreed to buy K&F Industries Holdings of White Plains, N.Y., for $1.1 billion. Meggitt, which specializes in aerospace, military and electronics products, will pay $27 a share of K&F, or 10 percent above the stock?s closing price on Monday. K&F makes aircraft wheels, brake systems and other parts.
World Business Briefing | Asia: Thailand: TV Station to Go Dark
The military-installed government completed the takeover of the country?s only independent television station, and said it would temporarily pull it off the air after it failed to pay billions of dollars in fees. The takeover was expected after the station said last week that it could not pay the fees. The government announced yesterday that it would terminate iTV?s license after the deadline had passed for paying nearly $3 billion in fines, broadcasting license fees and interest. The government?s move was the latest in a series of decisions that have raised concern among investors and the public about the direction of Thailand?s leaders. Others include the imposition of capital controls and new restrictions placed on foreign ownership of Thai companies. A minister in the prime minister?s office, told reporters the station would stop broadcasting today but could resume transmission as early as Friday if government officials could resolve legal issues for new ownership.
World Business Briefing | Europe: Germany: VW Builds Link to Man
Volkswagen?s chairman, Ferdinand Piech, may join the board of the truck maker MAN, of which Volkswagen owns a 29.9 percent stake, MAN said. Mr. Piech, along with an executive with Volkswagen?s truck division, Stephan Schaller, will be among those directors whom shareholders will vote on during the May 10 annual meeting, MAN said. Mr. Piech, above, and Mr. Schaller would join Rupert Stadler, an executive with Volkswagen?s Audi subsidiary. Volkswagen has been pushing for an alliance formed of itself, MAN and Sania, another truck maker.
California wine-maker Gallo dies
The man who helped to create an international market for Californian wine, Ernest Gallo, dies, aged 97.
Paulson confident on U.S. economy
Reuters - U.S. Treasury Secretary Henry Paulson on
Wednesday predicted stable growth for the U.S. economy but he
made no remarks on the yen or financial markets which are
jittery after more than a week of turmoil.
Starbucks memo stirs unwarranted fears: analysts
Reuters - A memo from Starbucks Corp.'s
founder and chairman warning of threats to the brand
has created misplaced growth fears, analysts said on Tuesday,
arguing that the memo was a rallying cry for managers rather
than a call to slow down.
Paulson says global economy is strong
AP - U.S. Treasury Secretary Henry Paulson expressed confidence Wednesday in the global economy, calling it strong and characterized by low inflation. 'We have a very strong global economy,' Paulson told reporters after meeting South Korean Finance Minister Kwon O-kyu. 'We have a global economy with low inflation, high levels of liquidity and I feel very comfortable with the global economy.'
|