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Business News |
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ConAgra to Restate Some Results on Errors (AP)
AP - ConAgra Foods Inc. said Thursday it would restate its financial results for 2004 and the first half of fiscal 2005 because of income tax errors that could cost one of the nation's ...
Lexar Awarded $84 Mln Damage from Toshiba (Reuters)
Reuters - A California jury awarded
memory chip maker Lexar Corp. $84 million in punitive
damages from Japan's Toshiba Corp.(6502.T) on Thursday in trial
over Lexar's claims ...
Lexar Awarded $84 Mln Damage from Toshiba
SAN JOSE, Calif. (Reuters) - A California jury awarded memory chip maker Lexar Corp.
Retail Money Funds Fell in Latest Week (AP)
AP - Assets of the nation's retail money market mutual funds fell by $756.3 million in the latest week to $822.84 billion, the Investment Company Institute said Thursday.
Factory Orders Surge; Jobless Claims Up (AP)
AP - America's factories saw orders for big-ticket goods rise by 0.3 percent in February after falling sharply the month before. The report highlighted the sometimes uneven recovery ...
Air France KLM to Order 7 Cargo Boeings (Reuters)
Reuters - Air France KLM is set to order
seven Boeing 777 freight carriers in a contract with Boeing Co.
worth about $1.5 billion, French newspaper La Tribune
reported in a pre-released ...
Oil Closes at $54.84 After Refinery Blast (Reuters)
Reuters - Oil prices rose on Thursday after a
deadly explosion at the third largest refinery in the United
States triggered worries over gasoline supplies ahead of the
summer driving season.
Genesco to Restate Results for 3 Years (Reuters)
Reuters - Shoe and hat retailer Genesco Inc.
said on Thursday it expects to revise previously
reported results for the fiscal fourth quarter and year ended
Jan. 29 following a review of ...
Butterball Turkey Maker Restates Results (Reuters)
Reuters - ConAgra Foods Inc. on Thursday
reported flat quarterly operating profit as costs rose and said
it would restate results for previous periods due to income tax
errors.
Treasuries Inch Ahead After Tepid Data (Reuters)
Reuters - U.S. Treasury prices recouped early
losses to edge higher on Thursday after data on business
investment and jobs proved softer than many expected.
Group Calls for Ban of Abbott's ADD Drug (Reuters)
Reuters - A 30-year-old Abbott Laboratories
Inc. drug for attention deficit disorder poses an unacceptable
risk of deadly liver damage and should be banned immediately, a
U.S. consumer ...
GE Raises Earnings Estimate; Stock Up (Reuters)
Reuters - General Electric Co. on Thursday
raised its first-quarter earnings per share forecast by a
penny, citing strength across its businesses and proceeds from
the sale of 80.5 million ...
Durable Orders Weak, Jobless Claims Rise (Reuters)
Reuters - New orders for U.S.-made durable
goods edged up an unexpectedly weak 0.3 percent in February and
claims for jobless aid rose last week, signs the U.S. economy
might be a touch ...
Stocks Open Higher Buoyed by GE's News
NEW YORK (Reuters) - U.S. stocks climbed on Thursday after conglomerate General Electric Co.
Durable Orders Weak, Jobless Claims Rise
WASHINGTON (Reuters) - New orders for U.S.-made durable goods edged up an unexpectedly weak 0.3 percent in February and claims for jobless aid rose last week, signs the U.S. economy ...
Citigroup, Putnam Pay SEC Fines Over Funds (AP)
AP - Citigroup Inc. and Putnam Investments will pay civil fines of $20 million and $40 million respectively to resolve federal regulators' allegations that they kept from customers the ...
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