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Business News |
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LVMH 2004 Operating Profit Rises 11 Pct (Reuters)
Reuters - Luxury goods giant LVMH reported an 11
percent rise in 2004 operating profit on Wednesday as its
retail businesses revived, and repeated its aim for "tangible"
growth in ...
Fed Report: Economic Activity Expanding (AP)
AP - The nation's employment climate improved, shoppers rang up sales and factories boosted production last month, fresh signs that the economy is chugging ahead at a respectable pace.
Dollar Sell-Off Resumes, Deficits Blamed (Reuters)
Reuters - The dollar weakened broadly on
Wednesday under persistent selling pressure following a
technically driven sell-off the previous day.
Waksal Friends Arrested in ImClone Trading Case (Reuters)
Reuters - Two friends of the former CEO of
ImClone Systems Inc., including a high-ranking doctor at New
York's Memorial Sloan Kettering Hospital, were arrested on
Wednesday on insider ...
LVMH 2004 Operating Profit Rises 11 Pct
PARIS (Reuters) - Luxury goods giant LVMH reported an 11 percent rise in 2004 operating profit on Wednesday as its retail businesses revived, and repeated its aim for "tangible" growth ...
SEC Calls for Markets Overhaul
WASHINGTON (Reuters) - The top U.S. markets regulator on Wednesday called for swift action to overhaul the nation's securities market structure and said diverging viewpoints in a debate ...
Stocks Slide as Oil Price Climbs
NEW YORK (Reuters) - U.S. stocks slid on Wednesday as oil prices edged closer to record levels while bond yields touched a seven-month high, stoking worries that higher interest rates ...
Dollar Sell-Off Resumes, Deficits Blamed
NEW YORK (Reuters) - The dollar weakened broadly on Wednesday under persistent selling pressure following a technically driven sell-off the previous day.
Waksal Friends Arrested in ImClone Trading Case
NEW YORK (Reuters) - Two friends of the former CEO of ImClone Systems Inc., including a high-ranking doctor at New York's Memorial Sloan Kettering Hospital, were arrested on Wednesday ...
LexisNexis: 32,000 Consumers' Data Stolen
LONDON/WASHINGTON (Reuters) - Data broker LexisNexis on Wednesday said that identity thieves have gained access to profiles of 32,000 U.S. citizens, prompting calls for better consumer ...
Cold Weather Boosts Oil Near Record High
NEW YORK (Reuters) - U.S. crude oil prices came within pennies of their record peak on Wednesday as lingering worries over rapid global demand growth overshadowed rising stockpile ...
Officials: China to Use Taxes for Programs (AP)
AP - China will use taxes from its fast-growing eastern cities to help pay for rural social programs as it tries to close a widening divide between rich and poor, senior officials said ...
Consumer Data Stolen from Reed Elsevier (Reuters)
Reuters - Hackers have gained access to sensitive
personal details of about 32,000 U.S. citizens on databases
owned by publisher Reed Elsevier, fueling fears about identity
theft and ...
Crompton to Buy Great Lakes for $1.54 Bln (Reuters)
Reuters - Chemical group Crompton Corp.
will acquire smaller rival Great Lakes Chemical Corp.
for $1.54 billion, creating the third-largest U.S. specialty
chemicals company, the companies ...
Oil Pushes to $55 on Weather, Weak Dollar (Reuters)
Reuters - Oil prices marched toward $55 a barrel
on Wednesday, within sight of all-time highs, as late wintry
blasts in the United States reignited demand and a tumbling
dollar drew more ...
J&J; to Buy TransForm Pharma for $230 Mln
CHICAGO (Reuters) - Johnson & Johnson JNJ.N said on Wednesday it ...
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