Business News: Most Emailed

Last update: 213 days, 3 hours ago

Samsung chairman resigns in wake of indictment 21 Apr 08, 23:40 ET AP - Embattled Samsung Group Chairman Lee Kun-hee said Tuesday he was stepping down from his post at the top of South Korea's biggest conglomerate following his indictment on tax evasion charges. more Samsung chief to step down; sorry for tax scandal 21 Apr 08, 23:30 ET Reuters - South Korea's most powerful businessman on Tuesday announced he would step down as head of the giant Samsung Group following his indictment last week for tax evasion and breach of trust. more Wall Street Journal managing editor stepping down 21 Apr 08, 23:21 ET AP - Marcus Brauchli is departing as managing editor of The Wall Street Journal after a little less than a year on the job, a person familiar with the matter said late Monday. more Judge rejects fraud claim against State Farm in Katrina suit 21 Apr 08, 22:18 ET AP - A federal judge on Monday dismissed claims of fraud in a key Hurricane Katrina lawsuit that accused State Farm Fire & Casualty Co. of using different engineering reports to deny a couple's insurance policy after the storm. more TI view disappoints, cites caution across markets 21 Apr 08, 21:16 ET Reuters - Microchip maker Texas Instruments Inc said quarterly profit rose but forecast results below Wall Street estimates, citing caution among a broad customer base as well as weak demand for high-end cell phones. more TI forecast disappoints 21 Apr 08, 18:43 ET Reuters - Chip maker Texas Instruments Inc said on Monday its quarterly profit rose, but forecast results below Wall Street expectations due to cautious customer buying trends across its markets and weaker demand for high-end cell phones. more Air France-KLM says Alitalia bid no longer valid 21 Apr 08, 18:03 ET Reuters - Air France-KLM formally withdrew its bid for Alitalia late on Monday, sharply reducing the chances that Europe's biggest airline can be persuaded to buy the Italian flag carrier. more Boston Scientific net rises on cost cuts 21 Apr 08, 17:49 ET Reuters - Medical device maker Boston Scientific Corp said on Monday quarterly net earnings more than doubled, boosted by cost-reduction measures and a tax benefit. more Dow, S&P dip on bank worries, Texas Instruments off 21 Apr 08, 17:35 ET Reuters - U.S. stocks ebbed on Monday as weak quarterly results from Bank of America Corp rekindled concerns about the toll the credit crisis has taken on banks and overshadowed rising energy shares as oil closed at a record high. more Halliburton 1Q profit rises on higher sales, asset sale 21 Apr 08, 17:27 ET AP - Increasing its global presence is paying off for oilfield services provider Halliburton Co., whose first-quarter income rose nearly 6 percent on growing business in the Middle East, Asia and Latin America, the company said Monday. more Citigroup launches $6 billion preferred share sale: IFR 21 Apr 08, 17:16 ET Reuters - Citigroup on Monday will sell $6 billion in non-cumulative perpetual preferred shares, said International Financing Review, a Thomson Reuters publication. more Skype Offers Unlimited Flat-Rate Calling Plans 21 Apr 08, 16:30 ET NewsFactor - Skype on Monday lowered the cost of nationwide and international calling with the debut of new unlimited calling subscriptions. The launch marks the first time Skype has offered a flat rate for unlimited calls to 34 countries, including Mexico. more Weak dollar and booming agriculture to help DuPont, Dow results 21 Apr 08, 14:35 ET Reuters - Dow Chemical Co and DuPont Co have faced a tough first-quarter due to soaring costs and economic difficulties, but gains from a weak U.S. dollar, strong overseas markets and booming agricultural sector are likely to offset some of the negatives. more GM idles more production due to UAW strike at Axle 21 Apr 08, 14:20 ET Reuters - General Motors Corp said on Monday it has cut production at two more plants due to the United Auto Workers strike at American Axle & Manufacturing Holdings Inc , a major supplier to the automaker. more Gas guzzlers a hit in China, where car sales are booming 21 Apr 08, 14:19 ET AP - High, wide and fuel-hungry, the gleaming black Cadillac Escalade on display at the Beijing auto show is an unlikely car for an era of record oil prices. more High oil prices here to stay, energy forum hears 21 Apr 08, 14:05 ET AFP - High oil prices are here to stay, but they cannot be blamed for the current global food crisis, an international forum heard on Monday. more Biofuels under fire at International Energy Forum 21 Apr 08, 13:57 ET AFP - Biofuels, once seen as a key factor in curbing greenhouse gas emissions, are behind the current global food crisis, major oil producers and consumers charged at an energy forum here on Monday. more Costs help Merck and Novartis, hit Lilly 21 Apr 08, 13:42 ET Reuters - Tight cost controls helped Merck & Co and Swiss drugmaker Novartis AG to better-than-expected quarterly earnings on Monday, while high expenses contributed to disappointing results from Eli Lilly and Co . more 300GB VelociRaptor Hard Drive Is Bigger and Faster 21 Apr 08, 13:16 ET NewsFactor - Western Digital announced Monday that it has begun shipping a VelociRaptor hard drive, an enterprise-class device the company said has twice the capacity and a 35 percent performance increase over its previous generation of hard drives. more Employers stuck for trades people, technicians 21 Apr 08, 12:46 ET Reuters - While the world pursues the knowledge economy, employers are increasingly desperate for plumbers, welders and other technical staff, U.S. employment services firm Manpower Inc said on Tuesday, in its annual survey of staff shortages. more Weak US dollar threatens Europe aerospace industry jobs: ASD 21 Apr 08, 12:35 ET AFP - The weak dollar is a threat to hundreds of thousands of aerospace and defence industry jobs in Europe, the main association representing the sector warned Monday. more Albany is a Step Toward the Future for Microsoft Office 21 Apr 08, 12:30 ET NewsFactor - Microsoft will launch an all-in-one subscription service for many of its key productivity applications, the company announced Friday. Code-named "Albany," the service will give subscribers instant access to the latest versions of Microsoft desktop software, ongoing security updates, and connections to Microsoft's online Office Live Workspace. more Stocks decline after Bank of America profit falls short 21 Apr 08, 12:21 ET AP - Wall Street pulled back Monday after a weaker-than-expected profit report from Bank of America Corp. provided investors with a reason to give back some of last week's strong gains. more National City to raise $7 billion 21 Apr 08, 11:32 ET Reuters - National City Corp , a large U.S. Midwest regional bank, said on Monday it is raising $7 billion by selling shares as it posted a first-quarter loss and slashed its dividend. more Troubled National City raises $7 billion to shore up capital 21 Apr 08, 10:37 ET AP - National City Corp. announced Monday it has secured $7 billion of equity capital to save the bank following steep mortgage losses. more Stocks open lower as BofA drags banks 21 Apr 08, 09:45 ET Reuters - Stocks opened lower on Monday, dragged down by a drop in bank shares after Bank of America Corp , the No. 2 U.S. bank, posted disappointing quarterly results, while National City slashed its dividend and posted a loss. more Merck profit almost doubles in 1Q on gain; sales edge up 21 Apr 08, 08:55 ET AP - The drugmaker Merck & Co. on Monday reported that its profit almost doubled in the first quarter due to a $1.4 billion distribution from a partner drug company. Its sales were slightly higher than a year ago. more Oil prices hit record high 117.40 dollars per barrel 21 Apr 08, 08:48 ET AFP - World oil prices hit a record high 117.40 dollars on Monday as traders seized on unrest in key producer Nigeria, the weak US currency and OPEC's refusal to increase production, traders said. more Halliburton profit lifted by international growth 21 Apr 08, 08:41 ET Reuters - Halliburton Co said on Monday that first-quarter profit rose 6 percent, meeting Wall Street expectations, as customers in markets including the Middle East and Asia spent more on oil and gas exploration and production. more When to Share Your Ambitions 21 Apr 08, 08:08 ET BusinessWeek Online - I work in a large law firm where there are 12 people in the marketing department. I am third or fourth from the top of the heap, depending on who's counting. A major pastime in our department is talking about career plans, inside and outside the company. Almost every time a few of us get together -- if the top marketing brass aren't around -- the conversation turns to: "What are your career plans, and what are you doing about them?" more When Storms and Floods Menace Business 21 Apr 08, 08:08 ET BusinessWeek Online - Whether related to climate change or not, recent windstorms, floods, and other natural disturbances are causing greater losses than ever to U.S. multinationals, says Shivan Subramaniam, chairman and chief executive of FM Global. The Johnstown (R.I.) company insures about a third of the 1,000 largest U.S. corporations. Subramaniam says CEOs are going to have to do a better job anticipating disruptions to their global supply chains and information technology systems, among other steps, to avoid losing market share. Here are edited excerpts from a recent conversation: more New Ergonomic Glass Massage Tool Brings Relief to Sufferers of Fibromyalgia, Multiple Sclerosis and Carpal Tunnel Syndrome 21 Apr 08, 08:05 ET PRWeb - Therapeutic glass massage tools company www.GlassCaress.com poised to widen distribution to help more people find relief from chronic muscle pain associated with diseases and stress. more The Cataracs Release KIDS with DJ Eleven 21 Apr 08, 08:00 ET PRWeb - The Cataracs Release KIDS with DJ Eleven -- New Mixtape From Berkeley Duo more Bank of America net falls 77 percent 21 Apr 08, 07:54 ET Reuters - Bank of America Corp , the second-largest U.S. bank, on Monday said first-quarter profit fell 77 percent, hurt by trading losses and a $3.3 billion increase in reserves for credit problems. more Bank of America's profit drops 77 percent in first quarter 21 Apr 08, 07:47 ET AP - Bank of America Corp. said Monday its profit fell 77 percent in the first quarter, hurt by trading losses and a $3.3 billion increase in reserves for problem loans. more Bank of England unveils near-100-billion-dollar lending package 21 Apr 08, 07:19 ET AFP - The Bank of England announced a near-100-billion-dollar plan Monday to free up Britain's home loan market in one of the biggest moves by a major central bank to combat the global credit crunch. more Bank of America profit falls 21 Apr 08, 07:09 ET Reuters - Bank of America Corp , the second-largest U.S. bank, on Monday said first-quarter profit fell, hurt by write-downs and rising credit losses. more Lilly profits rise on fast-growing drugs 21 Apr 08, 06:54 ET Reuters - Eli Lilly and Co said on Monday its first-quarter earnings rose on higher sales of its treatments for diabetes, cancer and depression. more High oil price dampening world growth: IMF's Lipsky 21 Apr 08, 06:26 ET Reuters - Record high oil prices over $117 a barrel are slowing world economic growth, John Lipsky, first deputy managing director of the International Monetary Fund (IMF), told Reuters on Monday. more Bank of England offers $100B plan to ease credit crisis 21 Apr 08, 05:47 ET AP - The Bank of England on Monday announced a $100 billion plan to allow banks to swap mortgage-backed securities for Treasury bills. more Oil soars to record above $117 21 Apr 08, 05:14 ET Reuters - Crude oil prices surged above $117, setting a new record high on Monday because of worries of supply disruptions from major producers and comments by OPEC reiterating there is no need to raise output. more Asian Development Bank: Biofuels making food more expensive 21 Apr 08, 04:59 ET AP - Developed nations should stop paying agricultural subsidies to encourage biofuel production because the payments are making staple foods more expensive, the Asian Development Bank said Monday. more Britain unveils $100 billion credit crunch plan 21 Apr 08, 04:40 ET Reuters - The Bank of England is offering to swap government bonds worth 50 billion pounds ($100 billion) for banks' riskier mortgage debt to try to ease the effects of a credit crunch on Britain's banking system. more Global stocks at 3-month high 21 Apr 08, 04:14 ET Reuters - Hopes that the worst of the credit crisis has past boosted investor sentiment on Monday with global stocks trading at their highest since mid-January. more Survey: 30 percent believe economy will shrink 21 Apr 08, 03:51 ET AP - The odds the country will fall into its first recession since 2001 are rising sharply. more American Tire Corporation Proposes Acquisition of Goodyear's OTR Tire Plant 21 Apr 08, 03:01 ET PRWeb - Most of the Goodyear brand OTR tires sold in the U.S. are produced in Goodyear's Topeka plant which is Goodyear's largest and oldest OTR tire production facility with 69 acres under roof. American Tire Corporation proposes to acquire this facility in an official letter dated April 21, 2008 to further expand its OTR tire business. more Hyundai Motor seen surging on won, sales 21 Apr 08, 02:46 ET Reuters - Hyundai Motor Co (005380.KS), South Korea's top auto maker, is expected to post an 82 percent surge in quarterly profit, fuelled by a weaker won currency and higher sales. more Blockbuster weighing options to fund Circuit City bid: report 21 Apr 08, 01:41 ET Reuters - Blockbuster Inc is studying options like using Circuit City's own balance sheet to fund its buyout offer, even as the electronics retailer is asking Blockbuster to prove it can handle an all-cash bid, the Wall Street Journal reported on Monday citing people familiar with the matter. more Oil prices spike to record above $117 a barrel 21 Apr 08, 01:30 ET AP - Oil prices spiked to a record above $117 a barrel Monday in Asia following an attack on a key pipeline in Nigeria at the end of last week. more China stocks surge on new trading rules 21 Apr 08, 00:29 ET AP - China's benchmark Shanghai Composite Index jumped nearly 7 percent early Monday after the market watchdog announced a new policy for freshly tradable shares, though it ceded most of that gain as trading progressed. more Business economists gloom on economy rising 21 Apr 08, 00:27 ET Reuters - Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months. more Investors eye more earnings this week in the stock market 21 Apr 08, 00:27 ET AP - The stock market has reacted well to the recent stream of glum earnings. But this week, Wall Street faces an even bigger flood of first-quarter results, and as General Electric Co.'s bleak report earlier this month showed, bad earnings can even hurt a stock market with low expectations. more US hybrid sales up 38 percent in 2007; Prius leads the pack 21 Apr 08, 00:10 ET AP - Kim Fenske drives a bus in Colorado by day, but when he's not working, he zooms around the mountains in a 2007 Toyota Prius. more

Archives: [Apr, 22] [Apr, 21] [Apr, 20] [Apr, 19] [Apr, 18] [Apr, 17] [Apr, 16] [Apr, 15]