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Business News |
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Procter & Gamble posts higher profit (Reuters)
Reuters - Procter & Gamble Co. , the maker
of Crest toothpaste and Tide laundry detergent, posted a 4
percent rise in quarterly profit on Tuesday, as strong sales of
health and beauty ...
Refco advisers meet, focus on sale-source (Reuters)
Reuters - A group of about 50 advisers to
commodities and future broker Refco Inc. held a second
day of emergency meetings on Sunday in an effort to salvage
Refco's regulated ...
Sliding revenue at NBC dents GE earnings (Reuters)
Reuters - General Electric Co.'s
high-profile media arm has suddenly found itself playing the
unfamiliar role of laggard among the conglomerate's portfolio
of businesses.
Wall St Week Ahead-Stocks await earnings (Reuters)
Reuters - Investors will face a barrage of U.S.
corporate earnings this week, including reports from
heavyweights 3M Co. and Intel Corp. , among
companies expected to provide clues ...
China must prepare for shocks: Snow (Reuters)
Reuters - Top U.S. economic officials sought on
Sunday to persuade China that opening its markets to more
foreign participation will put it in better shape to absorb
potential shocks.
US St. Jude to buy ANS for $1.3 bln (Reuters)
Reuters - Heart-device manufacturer St. Jude
Medical Inc. said on Sunday it would buy Advanced
Neuromodulation Systems for about $1.3 billion in cash
in gain new products used to ...
Stocks rise on earnings, IBM upgrade (Reuters)
Reuters - U.S. stocks rose on Tuesday as initial
quarterly earnings reports heartened investor sentiment and IBM
received its second brokerage upgrade in two days, lifting
technology ...
Inco trumps Xstrata with Falconbridge bid (Reuters)
Reuters - Inco Ltd. , the world's No. 2
nickel miner, said on Tuesday it would buy rival Falconbridge
Ltd.(FALlv.TO) for more than C$12 billion, trumping an
effort by ...
Icahn steps up pressure on Time Warner (Reuters)
Reuters - Billionaire investor Carl Icahn on
Tuesday laid out more reasons for new independent directors on
the board at Time Warner Inc. , stepping up his
criticism of the strategy at ...
La-Z-Boy warns results to miss estimates
ATLANTA (Reuters) - Furniture maker La-Z-Boy Inc. LZB.N on Tuesday ...
Factory orders rise in August
WASHINGTON (Reuters) - New orders at U.S. factories rose 2.5 percent in August as demand for a wide array of both long-lasting and non-durable goods increased, the government said on ...
Fed has no schedule to alter statements
SEATTLE (Reuters) - The Federal Reserve has no timetable to alter its policy statements but when that change comes it would signal the end of the Fed's rate hike campaign, St Louis Fed ...
Sun, Google in software distribution pact
MOUNTAIN VIEW, California (Reuters) - Google Inc. GOOG.O will ...
Storms destroyed 108 offshore platforms
WASHINGTON (Reuters) - A total of 108 low producing oil and natural gas offshore platforms were destroyed by hurricanes Rita and Katrina and some of the other 53 heavily damaged ...
Stocks end lower on rate concerns
NEW YORK (Reuters) - U.S. stocks fell on Tuesday after comments about inflation by a Federal Reserve official sparked increased concern about rising interest rates and the impact ...
Fed eyes US inflation and ready to act
SEATTLE (Reuters) - The Federal Reserve is keeping a wary eye on U.S. inflation that is running at its maximum tolerable rate, and is prepared to take action if problems develop, two ...
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