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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 Oil near record-high on supply woes, China demand 21 Apr 08, 23:02 ET Reuters - Oil held above $117 a barrel on Tuesday, just shy of its all-time high, as geopolitical risks stoked fears of supply worries at a time of robust Chinese crude demand. more Bank woes resurface, oil nears $118 21 Apr 08, 22:42 ET Reuters - Asian shares fell on Tuesday as investors flinched at yet more bad news from the banking sector and an oil price creeping towards a record $118 a barrel. 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 Boston Scientific net rises on cost cuts 21 Apr 08, 19:44 ET Reuters - Medical device maker Boston Scientific Corp said on Monday quarterly net earnings more than doubled as cost savings from a restructuring program offset weaker sales in its core drug-eluting stent market. more Netflix Q1 net up, gross profit margin down 21 Apr 08, 19:20 ET Reuters - U.S. online DVD rental company Netflix Inc on Monday posted lower quarterly profit margins as it increased spending for online content. more Air France-KLM says Alitalia bid no longer valid 21 Apr 08, 18:03 ET Reuters - Air France-KLM formally withdrew its bid for Alitalia late on Monday, sharply reducing the chances that Europe's biggest airline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 Air France-KLM: Alitalia offer is off 21 Apr 08, 17:42 ET AP - Air France-KLM said Monday its offer to buy struggling Italian airline Alitalia for 139 million euros ($220 million) is "no longer valid," and left no impression that it planned to return with another. 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 Air France withdraws Alitalia takeover bid 21 Apr 08, 17:18 ET AFP - Air France-KLM said Monday it was formally withdrawing its takeover offer for cash-strapped Alitalia after negotiations between the two sides collapsed earlier this month. more Texas Instruments 1Q profit up on strong analog chip sales 21 Apr 08, 17:14 ET AP - Texas Instruments says its first-quarter profit rose 28 percent as strong demand for analog chips used in electronic equipment offset lower sales of cell phone chips. more Corn, soybean prices dive on warm weather forecasts 21 Apr 08, 17:12 ET AP - Corn and soybean prices plunged Monday as investors set aside their supply worries and bet that dry weather in the U.S. corn belt will allow growers to speed up planting. more Texas Instruments profit up, forecast disappoints 21 Apr 08, 16:57 ET Reuters - Texas Instruments posted a higher quarterly profit on Monday, but forecast second quarter results that fell short of Wall Street expectations, citing economic uncertainty in the near term. more Ballmer Calls Windows Vista 'A Work in Progress' 21 Apr 08, 16:31 ET NewsFactor - You might have thought Windows Vista was a finished product. But Microsoft CEO Steve Ballmer last week described his company's newest operating system as "a work in progress." 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 Citigroup launches $6 billion preferred share sale 21 Apr 08, 16:02 ET Reuters - Citigroup on Monday will sell $6 billion in non-cumulative perpetual preferred shares, said International Financing Review, a Thomson Reuters publication. 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 Hanesbrands profit tops view, sales miss 21 Apr 08, 12:29 ET Reuters - Underwear maker Hanesbrands Inc reported a much better-than-expected quarterly profit on Monday, due to efforts to cut costs and reduce interest expense by paying off debt. more Bank of England unveils credit crunch package 21 Apr 08, 11:31 ET AFP/File - The Bank of England unveiled a 100-billion-dollar plan Monday to get Britain's home loan market moving again in the latest attempt to combat the global credit crunch. 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 National City to raise $7 billion 21 Apr 08, 09:54 ET Reuters - National City Corp , a large U.S. Midwest regional bank, posted a first-quarter loss on Monday after a large loan loss provision, reduced its dividend and said it would raise $7 billion of equity capital, sending its shares down nearly 19 percent. more Eli Lilly 1Q profit doubles, but falls short of expectations 21 Apr 08, 09:46 ET AP - Drug maker Eli Lilly and Co. said strong sales for Cymbalta and Cialis helped double its first-quarter profit, but results missed Wall Street expectations. more National City raising $7 billion in capital, posts 1Q loss 21 Apr 08, 09:32 ET AP - National City says it will raise $7 billion to help shore up its capital position. more Gannett profit falls 9 percent 21 Apr 08, 09:14 ET Reuters - Gannett Co Inc , the largest U.S. newspaper publisher, posted a drop in quarterly profit on Monday because of falling print advertising sales, including a 16 percent drop in classified ad revenue. more Merck shares rise as profit tops view 21 Apr 08, 08:48 ET Reuters - Merck & Co on Monday reported better-than-expected quarterly earnings as sales of cholesterol fighter Vytorin grew despite its failure to cut artery plaque in a controversial study, and other Merck drugs posted strong sales. more Bank of America's profit drops 77 percent in first quarter 21 Apr 08, 08:24 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 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 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 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 Stock futures fall after Bank of America profit falls short 21 Apr 08, 07:50 ET AP - Stocks headed toward a lower open Monday after a weaker-than-expected profit report from Bank of America Corp. stirred concerns about the health of corporate earnings. more Britain unveils plan to help banks with credit crunch 21 Apr 08, 07:44 ET Reuters - The Bank of England moved to ease the effects of a credit crunch on the UK's banking system on Monday by offering to swap secure government bonds for riskier mortgage debt. more Bank of England facilitates bank debt swap 21 Apr 08, 07:40 ET AP - The Bank of England, aiming to deal with the crippling impact of the U.S. subprime mortgage crisis, on Monday announced a $100 billion plan to allow banks to swap mortgage-backed securities for British Treasury bills. more Stock futures slip on BofA, Eli Lilly 21 Apr 08, 07:36 ET Reuters - Stock index futures slipped on Monday, following the Dow's best week in two months, after disappointing earnings and commentary from Bank of America Corp . more Mattel posts loss as Fisher-Price sales slip 21 Apr 08, 07:29 ET Reuters - Mattel Inc , the largest U.S. toy company, posted a quarterly loss on Monday, hurt by lower sales of its Fisher-Price products, legal expenses and higher costs. 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 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 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 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 Amid strong farm economy, some worry about increased debt 21 Apr 08, 00:29 ET AP - At a time of record agricultural profits, concerns are mounting that American farmers could be edging toward a financial crisis not seen since the 1980s farm-economy collapse. 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 Survey: 30 percent believe economy will shrink 21 Apr 08, 00:05 ET AP - The odds the country will fall into its first recession since 2001 are rising sharply. more This week in the stock market, investors eye more earnings 21 Apr 08, 00:04 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

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