Stocks Fall as Intel Update Awaited "Stocks fell on Tuesday as a sharp drop in U.S. consumer confidence in August stirred fresh doubt about the economy and analysts lowered revenue forecasts for technology bellwether Intel Corp." Yahoo
Tuesday, August 31 | E-mail | Item
Treasuries Rise After Manufacturing and Confidence Indexes Drop "U.S. Treasury notes rose, heading for their biggest monthly gain since September, after indexes measuring consumer confidence and Chicago-area manufacturing fell more than forecast this month." Bloomberg
Tuesday, August 31 | E-mail | Item
Stocks Mixed on Consumer Confidence Drop "Stocks were narrowly mixed in light trading Tuesday as disappointing consumer confidence figures overshadowed another slide in oil prices. The plunge in the Conference Board's consumer confidence index, which fell to 98.2 in August from 105.7 in July, raised concerns on Wall Street that oil prices, while now falling, have already damaged the economic recovery." Yahoo
Tuesday, August 31 | E-mail | Item
Sources: Harrah's, Caesars to sell casinos "Harrah's Entertainment Inc. and Caesars Entertainment Inc. have begun negotiations to sell four casinos to a group led by a real estate investment company, a move intended to help reduce antitrust concerns involving their recent merger agreement." AP
Tuesday, August 31 | E-mail | Item
Stocks Head for Flat Open on Tepid Volume "U.S. stocks appear headed for a flat open Tuesday on tepid volume as the Republican National Convention in New York offers another good reason to stay on the sidelines during the dog days despite lower oil prices and a range of economic data on the schedule." Yahoo
Tuesday, August 31 | E-mail | Item
Swiss Banking Giant UBS Buying Schwab Unit "Swiss banking giant UBS AG announced Tuesday that it is buying the capital markets division of discount brokerage Charles Schwab Corp. in a $265 million bid to become one of the top traders on the NASDAQ exchange." Yahoo
Tuesday, August 31 | E-mail | Item
Albertsons Profit Hit by Labor Dispute "Albertsons Inc., the No. 2 U.S. grocer, on Tuesday reported a sharp slide in quarterly profit, hit by heavy promotions to revive its Southern California sales after a strike." Reuters
Tuesday, August 31 | E-mail | Item
U.S. Note's Yield Holds Near Four-Month Low as Growth May Slow "U.S. 10-year Treasury yields held near the lowest in more than four months on speculation reports today on consumer confidence and manufacturing will confirm a recovery in the economy is slowing." Bloomberg
Tuesday, August 31 | E-mail | Item
Stocks Slip as Security Concerns Weigh "U.S. blue chips slid lower and tech stocks tumbled in extremely thin volume on Monday as security concerns surrounding the Republican convention in New York kept investors on the sidelines." Reuters
Monday, August 30 | E-mail | Item
Tyson Cuts Forecast on Chicken Prices, Grain Costs "Tyson Foods Inc., the world's largest meat processor, said profit will rise less than expected in the fiscal year because of higher costs for feed grain and a drop in beef and chicken prices. Tyson shares fell the most in more than a year." Bloomberg
Monday, August 30 | E-mail | Item
Wall Street Likely to Be Quiet During RNC "Wall Street was poised for another quiet week as many traders and money managers prepared to leave town ahead of the Republican National Convention. Late summer is typically a time of lackluster trading, but volumes have been extremely light recently. Aside from the usual doldrums, analysts say a good deal of money has been sidelined because investors fear the political convention could become a terrorist target." Yahoo
Monday, August 30 | E-mail | Item
U.S. Treasuries May Fall on Expectations Personal Spending Rose "U.S. 10-year Treasury notes may fall in Asia on expectations a report today will show personal spending rose last month, supporting comments by Federal Reserve officials that consumption is rebounding." Bloomberg
Monday, August 30 | E-mail | Item
LNR Property Agrees to Be Taken Private for About $3.8 Billion "LNR Property Corp., the real estate development company spun off from homebuilder Lennar Corp. in 1997, agreed to be acquired by a newly formed company that is majority owned by an affiliate of Cerberus Capital Management LP." Bloomberg
Monday, August 30 | E-mail | Item
Investors Take a Holiday "Investors may pack up and leave next week as the Republican National Convention comes to New York and many on Wall Street take a vacation, draining U.S. markets of volume and leaving stocks flopping around with little direction." Yahoo
Saturday, August 28 | E-mail | Item
Treasuries Slide as GDP Slows, Not Slumps "Treasuries prices shed early gains on Friday after U.S. data confirmed the economy slowed markedly last quarter, but overall the numbers were not quite as weak as bulls had been betting on." Reuters
Friday, August 27 | E-mail | Item
Goldman, UBS Scaled Back Size of Market Bets in Second Quarter "Goldman Sachs Group Inc. and UBS AG, the biggest risk-takers among major securities firms for two quarters, reduced their market bets in the three months through June as interest rates rose and stock trading declined." Bloomberg
Friday, August 27 | E-mail | Item
U.S. Treasuries Rise; Slower Growth May Limit Rate Increases "U.S. Treasury notes maturing in five years or more rose the most this week on speculation sluggish economic growth will cause the Federal Reserve to rein in the pace of interest-rate increases." Bloomberg
Thursday, August 26 | E-mail | Item
U.S. Audit Firms Used Wrong Standards, Report Says "The four biggest accounting firms misapplied some standards and failed to properly maintain records of some audits, the new U.S. accounting regulator said today in its first inspection reports." Bloomberg
Thursday, August 26 | E-mail | Item
Glaxo Settles Paxil Suit "GlaxoSmithKline Plc has agreed to disclose information on all clinical studies of its drugs to settle a lawsuit that accused it of withholding negative information about the antidepressant Paxil, the New York Attorney General's office said on Thursday." Reuters
Thursday, August 26 | E-mail | Item
U.S. Stocks Are Little Changed; Semiconductor Shares Decline "U.S. stocks were little changed as a bigger-than-expected rise in jobless claims overshadowed a decline in crude oil prices for a fifth day. Semiconductor manufacturers such as Intel Corp. and Advanced Micro Devices Inc. dropped after Banc of America Securities LLC said demand for personal computers is slower than usual for this time of year." Bloomberg
Thursday, August 26 | E-mail | Item
U.S. stocks seen opening lower after jobless data "U.S. stock futures pointed to a slightly lower open on Wall Street on Thursday after a report showed a larger-than-expected rise in claims for unemployment benefits, a gauge of strength in the jobs market." Yahoo
Thursday, August 26 | E-mail | Item
Stocks Set for Flat Open as Oil Seesaws "U.S. stock futures pointed to a flat market open on Thursday on volatile oil prices and as investors awaited a key economic report and comments from the Federal Reserve Bank chairman on Friday." Reuters
Thursday, August 26 | E-mail | Item
Krispy Kreme Scales Back as Profit Dives "Krispy Kreme Doughnuts Inc. on Thursday posted sharply lower quarterly earnings, signaled that the second half of the year would be weak and scaled back store openings after it was battered by the low-carbohydrate diet craze." Reuters
Thursday, August 26 | E-mail | Item
First Reserve to Buy Ingersoll-Rand Unit for $1.2 Bln "First Reserve Corp., the largest private buyout firm specializing in energy-industry investments, agreed to buy an oil and gas equipment business of Ingersoll-Rand Co. for $1.2 billion." Bloomberg
Thursday, August 26 | E-mail | Item
Toronto-Dominion Buys Stake in Banknorth for $3.8 Bln "Toronto-Dominion Bank, Canada's second-largest bank by assets, agreed to buy a 51 percent stake in Banknorth Group Inc. for $3.8 billion, marking its first expansion into U.S. consumer banking." Bloomberg
Thursday, August 26 | E-mail | Item
Seven Brokerages Fined Total $3.65M by SEC "Seven regional brokerage firms have been fined a total $3.65 million by federal regulators for allegedly failing to disclose that they received payments for issuing research on certain companies, in a settlement announced Wednesday." AP
Wednesday, August 25 | E-mail | Item
Durable Goods, Housing Data Trip Stocks "U.S. stocks were slightly lower on Wednesday after government reports for July on durable goods orders and new home sales cast some doubt on the strength of the economy." Yahoo
Wednesday, August 25 | E-mail | Item
Applebee's shares drop after weak sales data "Applebee's International Inc. shares fell more than 4 percent on Wednesday after the restaurant company reported weak August sales and said it expects the Olympics to hurt sales for the first week of its September period." Yahoo
Wednesday, August 25 | E-mail | Item
EU Extends Review of Microsoft Deal "Software giant Microsoft Corp. and the media and entertainment powerhouse Time Warner Inc. ran into fresh trouble with the European Union on Wednesday as antitrust regulators ordered an in-depth probe of their deal to collaborate in making anti-piracy software." Yahoo
Wednesday, August 25 | E-mail | Item
Stocks Likely to Rise; Oil Still in Focus "U.S. stocks are expected to open modestly higher Wednesday, as oil prices remain center stage but thin summer volumes are likely to continue." AP
Wednesday, August 25 | E-mail | Item
Williams-Sonoma 2Q Profits Rise 55 Percent "Home products retailer Williams-Sonoma Inc. reported Wednesday that second-quarter profits rose 55 percent on strong sales growth to beat Wall Street expectations." AP
Wednesday, August 25 | E-mail | Item
H&R Block Posts $44.1 Million Loss in 1Q "H&R Block Inc., the world's biggest tax preparer, reported a loss of $44.1 million for its first quarter, saying its mortgage business was hurt by rising interest rates. Company shares plunged more than 6 percent in late trading." Yahoo
Tuesday, August 24 | E-mail | Item
Stocks Mixed As Many Traders Avoid Market "Stocks were mixed in light trading Tuesday as investors, still stunned by oil's recent record highs, largely stayed out of the market. Tech stocks suffered following a brokerage downgrade of Cisco Systems Inc." AP
Tuesday, August 24 | E-mail | Item
Shell Settles with SEC, UK for $151 Mln "Royal Dutch/Shell Group agreed on Tuesday to finalized settlements with U.S. and UK regulators which will cost the oil giant $150.7 million over its mis-statement of proven oil reserves." Reuters
Tuesday, August 24 | E-mail | Item
U.S. Technology Stocks Drop; Cisco, Broadcom Estimates Are Cut "U.S. technology stocks fell after analysts reduced profit estimates for Cisco Systems Inc. and Broadcom Corp. Piper Jaffray & Co. also lowered its forecast for 2005 semiconductor capital spending." Bloomberg
Tuesday, August 24 | E-mail | Item
Stocks Rise As Oil Prices Dip Below $46 "Stocks moved higher in early trading as oil prices slipped below $46 per barrel, giving investors enough confidence to buy into an oversold market. Wall Street has been worried that oil prices, which topped $49 per barrel late last week, would raise corporate costs and decrease consumer spending, a recipe for reduced third- and fourth-quarter earnings." Yahoo
Tuesday, August 24 | E-mail | Item
Stocks Seen Higher as Oil Eases Its Grip "Stock futures pointed to a slightly higher market open on Tuesday as crude oil prices eased for a third day, giving hope to investors that costly oil was loosening its grip on the stock market." Reuters
Tuesday, August 24 | E-mail | Item
Heinz 1st-Qtr Profit Falls 9 Percent; U.S. Sales Rise "H.J. Heinz Co., the world's No. 1 ketchup maker, said first-quarter profit fell 9 percent after the company had gains a year earlier from the spin-off of some businesses. Sales in North America rose for the first time in four quarters." Bloomberg
Tuesday, August 24 | E-mail | Item
U.S. Treasury Notes Fall After Crude Oil Declines From Record "U.S. Treasury notes fell as oil prices dropped from a record high reached Friday, damping concern rising fuel costs will slow global economic growth. Crude oil for October settlement was trading at $43.70 a barrel in London. On Friday, the price reached $45.14, on concern supplies may drop." Bloomberg
Monday, August 23 | E-mail | Item
Toys R Us Posts Second-Quarter Profit "The Wayne, New Jersey-based retailer posted a profit of $61 million, or 28 cents per share, for the second quarter, compared with a loss of $11 million, or 5 cents per share, a year earlier." Reuters
Monday, August 23 | E-mail | Item
Stock Futures Trim Gains on Wal-Mart News "U.S. stock futures trimmed gains, pointing to a flat open for stocks on Monday, after Wal-Mart Stores Inc. lowered its August sales forecast as back-to-school demand failed to meet expectations." Reuters
Monday, August 23 | E-mail | Item
Wal-Mart Says August Sales May Be Little Changed "Wal-Mart Stores Inc., the world's largest retailer, cuts its August forecast for sales, saying they may rise the least in more than a year because back-to-school demand is less than expected." Bloomberg
Monday, August 23 | E-mail | Item
FedEx Raises Outlook for Quarter, Year "FedEx Corp. raised its earnings outlook Monday, citing more business for its international, ground delivery and less-than truckload services. One analyst said the courier's projection bodes well for the economy." AP
Monday, August 23 | E-mail | Item
Top US shopping malls sold for record $12.6bn "The operator of some of America’s best-known shopping centres — New York’s South Street Seaport, Chicago’s Water Tower Place and Boston’s Faneuil Hall Marketplace — agreed to be sold yesterday in a $12.6 billion deal that marks the largest ever property deal in the US." Business Standard
Monday, August 23 | E-mail | Item
UK's Arm buys Artisan for $913 mln, shares fall "British semiconductor designer ARM Holdings Plc agreed to buy U.S. technology firm Artisan for $913 million, to boost its product range, but ARM shares slumped on Monday on concerns it had overpaid." Reuters
Monday, August 23 | E-mail | Item
Controversial Overtime Rules Take Effect "The Bush administration's new overtime rules go into effect today, but the Kerry campaign has already begun attacking the overhauled regulations, saying they will hurt millions of American workers." The New York Times
Monday, August 23 | E-mail | Item
NYT: U.S. Probes Medical Supply Industry "The U.S. Justice Department is investigating the medical supply industry over concerns that some health care providers bilked government programs including Medicare, The New York Times reported on Saturday." Yahoo
Saturday, August 21 | E-mail | Item
BF Goodrich, Steelworkers Reach Agreement "BF Goodrich and the United Steelworkers of America reached tentative agreement on a new contract for about 4,400 workers at four of the tire maker's plants in Alabama, Indiana and Canada, union and company officials said Friday." Yahoo
Saturday, August 21 | E-mail | Item
Treasury 10-Year Notes Hold Close to April High for Second Week "U.S. 10-year Treasury notes finished for a second week at the highest since April, on speculation record oil prices will hinder economic growth, prompting the Federal Reserve to slow the pace of interest-rate increases." Bloomberg
Saturday, August 21 | E-mail | Item
U.S. Stocks Rise; S&P 500 Has Biggest Weekly Gain in 10 Months
"The Standard & Poor's 500 Index climbed for the fifth day in six, gaining 7.12, or 0.7 percent, to 1098.35. An index of real- estate stocks posted the biggest increase after Rouse Inc. agreed to be purchased by General Growth Properties Inc. The Dow Jones Industrial Average added 69.32, or 0.7 percent, to 10,110.14." Bloomberg
Friday, August 20 | E-mail | Item
Feds Subpoena Fannie Mae -Source "Regulators investigating Fannie Mae's accounting practices have sent subpoenas to the No. 1 U.S. mortgage finance company in connection with the probe, a source familiar with the matter said on Friday." Yahoo
Friday, August 20 | E-mail | Item
Kmart's Home Depot Sale May Cost Jobs "Kmart Holding Corp.'s sale of 13 stores to The Home Depot Inc. could cost up to 1,200 Kmart employees their jobs in coming months. Under an agreement announced in June, Kmart will sell no fewer than 13 stores for $173 million in cash and up to 19 stores for $288.5 million. Nine of the stores already have been sold." Yahoo
Friday, August 20 | E-mail | Item
Treasuries Yields Near Recent Lows "Yields on U.S. Treasuries held near recent lows on Friday as oil topped $49 a barrel, threatening the outlook for both the economy and stocks." Reuters
Friday, August 20 | E-mail | Item
U.S. Stock-Index Futures Fall; Shares of Nordstrom, Novell Drop
"U.S. stock-index futures dropped as crude oil rose to a record, surpassing $49 a barrel. If oil reaches and `stays at $50 or higher, then estimates of U.S. corporate earnings have to be rewritten,' said Bob Parker, deputy chairman at Credit Suisse Asset Management in London, which oversees $324 billion in assets. `It depends on how long the oil price stays high.'" Bloomberg
Friday, August 20 | E-mail | Item
General Growth Agrees to Purchase Rouse for $7.2 Bln "General Growth Properties Inc., the second-largest U.S. owner of shopping malls, agreed to buy Rouse Co. for about $7.2 billion in cash to add properties such as Boston's Faneuil Hall Marketplace and The Woodlands in Houston." Bloomberg
Friday, August 20 | E-mail | Item
Ceradyne is awarded $461 mln contract "Ceradyne Inc., a maker of ceramic body armor, on Friday said it has been awarded a three-year U.S. Army contract worth up to $461 million." Yahoo
Friday, August 20 | E-mail | Item
US Airways Asks Pilots for Pay Cut "US Airways, struggling to avoid a second bankruptcy, has asked pilots for a 16.5 percent pay cut, USA Today reported in its Friday editions." Yahoo
Friday, August 20 | E-mail | Item
Stocks Fall As Oil Prices Steam Higher "With the much-ballyhooed initial public offering of Google Inc. behind them and oil chugging to a new record high, investors took a step back Thursday, sending stocks lower." Yahoo
Thursday, August 19 | E-mail | Item
Amazon.com to Acquire China's Joyo.com for $75 Mln "Amazon.com Inc. agreed to pay $75 million for Joyo.com, China's largest online retailer of books, music and videos, to gain access to the world's second-biggest Internet market." Bloomberg
Thursday, August 19 | E-mail | Item
Google Shares Gain in Market Debut "Shares of Google Inc. made their market debut on Thursday and quickly traded up 15 percent at $98. The Web search company's initial public offering priced at $85 per share, far below original estimates, after the IPO was hit by a string of missteps and lackluster market conditions." Reuters
Thursday, August 19 | E-mail | Item
U.S. stocks lose ground in early trading "U.S. stocks lost ground Thursday as investors weighed the ability of the market to withstand a fresh surge in oil prices, while trepidation ahead of the first day of trading for Google lent a cautious tone to opening trade." Yahoo
Thursday, August 19 | E-mail | Item
Google Shares Expected to Trade Shortly "Shares of Google Inc. were expected to begin trading on the Nasdaq Stock Market on Thursday, the culmination of a unique and highly public initial stock offering for the 6-year-old dot-com dreamed up in a garage." Yahoo
Thursday, August 19 | E-mail | Item
Nortel to Cut 3,500 Jobs to Boost Profit "Nortel Networks Corp. posted long-awaited preliminary results for the first half of 2004 on Thursday, estimating first and second quarter earnings between nil and 1 cent per share." Reuters
Thursday, August 19 | E-mail | Item
Google's Initial Share Price Set at $85 "Initial shares of Google Inc. were priced late Wednesday at $85, the low end of a range revised downward just hours earlier, humbling expectations for the most ballyhooed Internet company public stock offering since the dot-com boom went bust. Still, the offering remains one of the biggest and most highly anticipated for an Internet business, surpassing most of the hot tech issues of the 1990s. It will make billionaires -- at least on paper -- of founders Sergey Brin and Larry Page, who started Google six years ago." Yahoo
Thursday, August 19 | E-mail | Item
Freddie Mac May Face SEC Action "Freddie Mac, the No. 2 U.S. mortgage finance company, on Wednesday said it may face civil action from the U.S. Securities and Exchange Commission for possible violations of securities laws." Reuters
Thursday, August 19 | E-mail | Item
SEC Tells Funds to End Incentives, Reveal Investments "The U.S. Securities and Exchange Commission ordered mutual funds to stop paying higher commissions to brokers who promote the companies' funds and required portfolio managers to reveal investments in funds they supervise." Bloomberg
Wednesday, August 18 | E-mail | Item
U.S. Stocks Gain for Fourth Day; Computer-Related Shares Rally "U.S. stocks rose for a fourth day as a rally in computer-related shares and reports of a possible cease-fire in southern Iraq overshadowed record oil prices and a cut in Google Inc.'s initial public offering." Bloomberg
Wednesday, August 18 | E-mail | Item
Google Cuts Initial Share Offer in Half Amid a `Perfect Storm' "Google Inc., planning the biggest Internet initial public offering, cut the sale's value in half after Wall Street balked at a share auction marred by a falling stock market and the two founders' missteps." Bloomberg
Wednesday, August 18 | E-mail | Item
Janus Finalizes Regulatory Settlement "Janus Capital Group Inc. said Wednesday it has finalized a $226.2 million settlement with state and federal regulators over improper trading allegations, part of a scandal sweeping the $7 trillion mutual funds industry." Yahoo
Wednesday, August 18 | E-mail | Item
Google Cuts IPO Price by a Quarter to $85-$95 a Share "Google Inc., the world's most-used Internet search engine, cut the price range on its initial public offering by about a quarter amid the biggest drop in U.S. Internet stocks in almost two years." Bloomberg
Wednesday, August 18 | E-mail | Item
Army May Not Withhold Halliburton Money "The U.S. Army reversed a decision late Tuesday to withhold payment on 15 percent of future invoices of Halliburton Co.'s logistics deal in Iraq and gave the company more time to resolve a billing dispute." Reuters
Wednesday, August 18 | E-mail | Item
Applied Materials Has 3rd-Qtr Profit, Predicts Growth "Applied Materials Inc., the world's biggest maker of semiconductor-production equipment, reported its largest profit in almost four years and forecast continued growth after chipmakers doubled spending on its machines." Bloomberg
Tuesday, August 17 | E-mail | Item
SEC Leaves Google Waiting on IPO Go Ahead "U.S. regulators on Tuesday did not give Google Inc. the green light it needs to price its initial public offering, extending the wait for the Web search giant's eagerly anticipated market debut." Reuters
Tuesday, August 17 | E-mail | Item
U.S. stocks rise, but oil's climb limits gains " U.S. stocks gained ground but were off their best levels of the session Tuesday as an upbeat picture of inflation and housing data boosted the mood on Wall Street. At the same time, strength in oil prices showed little sign of easing up, with crude still well above $46 per barrel amid ongoing concerns about Russia's oil production outlook." Yahoo
Tuesday, August 17 | E-mail | Item
Halliburton Says Army Will Withhold 15% of Payments "Halliburton Co. said the U.S. Army refused to allow more time to resolve a billing dispute and will withhold 15 percent of payments for feeding and housing U.S. troops in Iraq. Halliburton shares fell more than 4 percent." Bloomberg
Tuesday, August 17 | E-mail | Item
U.S. Stocks Rise on Unexpected Drop in Inflation; Staples Gains "U.S. stocks rose after an unexpected drop in consumer prices encouraged investors that the Federal Reserve may be able to slow the pace of interest rate increases. A drop in oil prices along with a bullish forecast from Home Depot Inc. and better-than-expected profit from Staples Inc. fueled confidence that consumer spending will hold up." Bloomberg
Tuesday, August 17 | E-mail | Item
Treasuries Firm on Inflation News "U.S. Treasury debt prices firmed on Tuesday after a key reading of U.S. inflation proved softer than expected, a relief to investors in fixed-income debt. However, gains were limited since much of the bond market still assumes the Federal Reserve will hike U.S. interest rates at its September meeting and it would take a further pullback in inflation to limit the speed of tightenings after that. The benchmark 10-year note (US10YT=RR) rose 4/32 in price, nudging yields down to 4.25 percent from 4.27 percent late on Monday." Yahoo
Tuesday, August 17 | E-mail | Item
Staples' 2Q Profit Up on Sales Growth "Staples Inc.'s second-quarter profit grew 39 percent and beat Wall Street expectations as sales grew across Staples' office products portfolio, from retail stores to Staples' delivered products and European business." AP
Tuesday, August 17 | E-mail | Item
Home Depot Profit Gains 19%; Annual Forecast Raised "Home Depot Inc. said second-quarter earnings climbed 19 percent, more than analysts' estimates, helped by appliance sales and home installation services. The company boosted its annual forecast." Bloomberg
Tuesday, August 17 | E-mail | Item
Deere Earnings Soar 62 Percent in 3Q "Resurgent farm and construction equipment sales pushed Deere & Co.'s third-quarter profits up 62 percent from a year earlier, enabling the manufacturer to handily beat Wall Street's expectations." AP
Tuesday, August 17 | E-mail | Item
Tactics of 'Google Guys' Test IPO Law's Limits "The "Google Guys, America's Newest Billionaires" -- as company founders Sergey Brin, 30, and Larry Page, 31, are described in the new issue of Playboy magazine -- may be engineers by training, but they are proving to be skilled at marketing too." Washingtonpost
Tuesday, August 17 | E-mail | Item
Insured Losses From Charley May Hit $14B "Insured losses from Hurricane Charley could total as much as $10 billion to $14 billion, according to industry estimates released Monday as insurers fielded thousands of claims from hard-hit Florida residents." AP
Tuesday, August 17 | E-mail | Item
Intelsat to Be Bought for $5 Billion "Intelsat Ltd., the world's second-largest satellite operator, said on Monday it agreed to be bought by a consortium of four private equity firms for $5 billion, including assumption of $2 billion of debt." Yahoo
Monday, August 16 | E-mail | Item
Treasuries Fall; Traders Say Yields Don't Fit Growth Forecasts "U.S. Treasury notes declined on concern that yields near a four-month low don't reflect forecasts for the nation's fastest economic expansion in five years and a Federal Reserve interest-rate increase in September." Bloomberg
Monday, August 16 | E-mail | Item
Stocks Gain as Oil Prices Ease "U.S. stocks gained on Monday as oil prices dipped after reports of victory for the Venezuelan president in a referendum on his rule eased fears about the country's oil exports." Reuters
Monday, August 16 | E-mail | Item
Treasuries Subdued, Weak Data Some Help "Treasury debt prices trimmed early losses on Monday as a survey of regional U.S. manufacturing showed a startling slowdown in August, casting renewed doubt on expectations for an economic revival." Yahoo
Monday, August 16 | E-mail | Item
Allstate, Insurers Claims From Charley May Be $14 Bln "Allstate Corp., State Farm Mutual Automobile Insurance Co. and other insurers may pay as much as $14 billion in claims from Hurricane Charley, the strongest storm to hit the U.S. since 1992." Bloomberg
Monday, August 16 | E-mail | Item
Sysco Profit Rises; Sales Volume Flat "Sysco Corp., the largest U.S. distributor of food to restaurants and hospitals, on Monday said quarterly profit rose as an extra week in the period and cost control measures helped offset the higher food prices that were slowing demand." Yahoo
Monday, August 16 | E-mail | Item
LifePoint to Buy Rival for $1.1 Billion "Rural hospital operator LifePoint Hospitals Inc. has agreed to acquire rival Province Healthcare Co. for $1.125 billion in cash and stock to broaden its geographic reach, the companies said on Monday." Yahoo
Monday, August 16 | E-mail | Item
Lowe's Net Trails Views, But Shares Rise "Lowe's Cos., the No. 2 home improvement retailer behind Home Depot Inc., on Monday reported an 18 percent increase in second-quarter profit, but results trailed estimates as sales weakened in June." Yahoo
Monday, August 16 | E-mail | Item
KMart Posts Profit; Cash Pile Grows "Kmart Holding Corp. on Monday reported its third consecutive quarterly profit despite slumping sales as it cut jobs and reduced advertising and discounts, boosting its cash pile to $2.6 billion." Yahoo
Monday, August 16 | E-mail | Item
Gateway Laying Off Hundreds in Midwest "Gateway Inc. will outsource several technical and manufacturing units by Sept. 30, laying off hundreds of workers in Kansas City and North Sioux City, S.D., the company confirmed Sunday." Yahoo
Sunday, August 15 | E-mail | Item
Oil and Economy Cloud Stocks' Outlook "Soaring crude prices plus worries about the economy and the outlook for earnings are expected to hang over the stock market this week during the depth of the summer doldrums." Reuters
Sunday, August 15 | E-mail | Item
Treasury Buyers Are Most Pessimistic Since 1990 Amid Low Yields "Investors in U.S. Treasury securities are the most bearish in 14 years, a sign that a rally in government debt since mid-June may be nearing an end, according to a Ried, Thunberg & Co. survey." Bloomberg
Sunday, August 15 | E-mail | Item
Insurers Face More Than $5 Bln in Hurricane Claims "Allstate Corp., State Farm Mutual Automobile Insurance Co. and other insurers may pay more than $5 billion in claims from Hurricane Charley, less than first predicted for the most powerful storm to hit the U.S. since 1992." Bloomberg
Sunday, August 15 | E-mail | Item
Hurricane Charley devastates Florida citrus groves "Hurricane Charley devastated Florida's $9.1 billion citrus industry, uprooting trees and stripping off fruit that was ripening for next season's crop, the state's largest citrus growers' group said on Sunday." Yahoo
Sunday, August 15 | E-mail | Item
Google Auction Gets Under Way "Friday the 13th was decision day for investors weighing whether to bid for shares in Google Inc.'s initial public offering. The big question now is, how many of them were feeling lucky on an unlucky day." Yahoo
Sunday, August 15 | E-mail | Item
Wall St. Pullback Reflects Tech Blowout "Wall Street's long-playing drama, "Waiting for Google," is about to reach its final act, but its stock market debut is ending up as more of a nostalgia event than the catalyst for a new era." Yahoo
Saturday, August 14 | E-mail | Item
Stocks Up But Near Year Lows on Oil Surge "Stocks ended slightly higher on Friday but stayed near lows for the year as oil prices surged past $46 a barrel, offsetting a positive outlook from computer maker Dell Inc." Reuters
Friday, August 13 | E-mail | Item
Stocks Mixed on Rising Oil Prices "Blue chip stocks gave back their early gains on Friday as oil prices rose sharply and a new report showed weakening consumer confidence. A bullish outlook from computer maker Dell Inc. helped technology stocks." Forbes
Friday, August 13 | E-mail | Item
Google Says Playboy Interview May Threaten Share Sale "Google Inc., the world's most-used Web search engine, said regulators may force it to buy back shares in its $3.47 billion initial offering because an article in Playboy magazine may have broken U.S. securities laws." Bloomberg
Friday, August 13 | E-mail | Item
Stocks Up; Dell Outlook Trumps Oil Prices "U.S. stocks were higher on Friday after personal computer maker Dell Inc. gave an upbeat outlook in a week that saw several gloomy forecasts by other tech companies." Yahoo
Friday, August 13 | E-mail | Item
U.S. Treasuries Rise as Producer Prices Rise Less Than Forecast "U.S. Treasury notes rose after a government report showed producer prices rose less than forecast last month, a sign inflation remains in check. Reports showing a slowdown in inflation in the last two months have given investors more confidence to buy government debt. Inflation erodes the value of fixed-income payments." Bloomberg
Friday, August 13 | E-mail | Item
IBM Says It Plans to Hire Nearly 19,000 "IBM Corp. raised its estimate Thursday for the number of people it expects to hire in 2004 to 18,800, up from an earlier forecast of 15,000, citing strong growth in key business areas such as consulting, grid computing and Linux." AP
Friday, August 13 | E-mail | Item
Long-Awaited Google Auction Begins Friday "Google Inc. brushed aside a series of missteps and concerns over tough market conditions on Thursday, declaring it would push ahead with a highly anticipated auction for its $3.3 billion IPO beginning Friday." Yahoo
Thursday, August 12 | E-mail | Item
Stocks End at New Year Lows on Oil, HP "U.S. stocks tumbled to new lows for the year on Thursday after a disappointing earnings and outlook from technology bellwether Hewlett-Packard Co. and record oil prices jolted confidence." Yahoo
Thursday, August 12 | E-mail | Item
Dell Profit Rises on Corporate Demand "Dell Inc., the world's largest personal computer maker, on Thursday posted a higher quarterly profit as demand for personal computers and servers improved around the world." Reuters
Thursday, August 12 | E-mail | Item
US Treasuries rally after strong debt auction "Treasuries prices snatched back early losses to swing higher on Thursday after the third and last leg of the U.S. government's $51 billion debt refunding drew strong demand." Reuters
Thursday, August 12 | E-mail | Item
U.S. Stocks Slide; Hewlett-Packard Declines on Profit Forecast "U.S. stocks declined as record oil prices and a disappointing earnings forecast from Hewlett-Packard Co., the world's No. 2 maker of personal computers, stoked concern that economic growth is slowing." Bloomberg
Thursday, August 12 | E-mail | Item
UPDATE - National-Oilwell to buy Varco for $2.52 billion "National-Oilwell Inc. has agreed to buy Varco International Inc., a rival maker of oil and gas drilling equipment, for $2.52 billion in stock, the companies said on Thursday." Yahoo
Thursday, August 12 | E-mail | Item
Stocks Open Lower, Dragged by HP Warning "U.S. stocks opened lower on Thursday after Hewlett-Packard Co. warned its profit for the current quarter would fall short of Wall Street expectations." Yahoo
Thursday, August 12 | E-mail | Item
U.S. Treasury Notes Drop After Retail Sales Increase in July "The Commerce Department report supports a statement from the Federal Reserve this week that a slowdown in the economy will be temporary and that it will continue to lift borrowing costs at a ``measured'' pace. Sluggish retail sales helped spark a rally in government debt that started in mid-June and has sent yields to a four-month low." Bloomberg
Thursday, August 12 | E-mail | Item
Wal-Mart's Net Income Rises 16%, Helped by New Stores "Wal-Mart Stores Inc., the world's largest retailer, said second-quarter profit rose 16 percent, helped by new stores and fewer clearance discounts. The company also boosted its annual earnings forecast." Bloomberg
Thursday, August 12 | E-mail | Item
Hewlett-Packard Has 3rd-Qtr Profit; Forecast Is Cut "Hewlett-Packard Co., the world's No. 2 maker of personal computers, said third-quarter profit rose to $586 million, less than analysts expected, as sales of its server and storage computers fell. The shares declined as the company cut its forecast for the current quarter." Bloomberg
Thursday, August 12 | E-mail | Item
Tiffany Earnings Fall on Slump in Japan "Luxury jeweler Tiffany & Co. Inc. on Thursday said its quarterly profit fell 11 percent, pulled down by lower sales in Japan and shrinking margins." Yahoo
Thursday, August 12 | E-mail | Item
Target Earnings Jump on Field's Sale "Target Corp. on Thursday reported a steep jump in quarterly profit on a $1.02 billion gain from the sale of its Marshall Field's department store chain." Reuters
Thursday, August 12 | E-mail | Item
US corporations unleash flood of bond supply "An unexpected fall in borrowing costs unleashed a flood of U.S. corporate bond sales on Wednesday as issuers ranging from Anheuser-Busch to Motorola took advantage of lower rates." Yahoo
Wednesday, August 11 | E-mail | Item
Tech Stocks Hit by Cisco, But Drugs Gain "Technology stocks were hit on Wednesday by a disappointing forecast from Cisco Systems Inc., but pharmaceutical and consumer names nudged higher as investors looked for more stable areas." Reuters
Wednesday, August 11 | E-mail | Item
U.S. stocks bounce as crude plunges below $44 "A slide in crude prices after Saudi Arabia said it would boost output lifted the major indexes off their lows Wednesday but stocks remained sharply lower amid a series of warnings from the tech sector." CBS
Wednesday, August 11 | E-mail | Item
Toys R us May Sell Global Toy Business "Toys R Us Inc., the largest specialty toy retailer, is considering selling its global toy business and spinning off its Babies R Us unit, the company said on Wednesday." Reuters
Wednesday, August 11 | E-mail | Item
Trump casinos head into bankruptcy "The casino business owned by US property tycoon Donald Trump has announced plans to file for bankruptcy as it seeks to restructure $1.8bn (£980m) of debt." Guardian Unlimited
Tuesday, August 10 | E-mail | Item
U.S. Stocks Gain as Federal Reserve Says Growth to Accelerate " U.S. stocks had their biggest gains in two months after Federal Reserve policy makers said economic growth is poised to accelerate and reiterated a plan to raise borrowing costs at a ``measured'' pace to contain inflation." Bloomberg
Tuesday, August 10 | E-mail | Item
Treasuries Fall as Fed Raises Key Rate, Signals More to Come "U.S. Treasury notes maturing in five years or less fell after the Federal Reserve raised its interest- rate target for the second time this year and signaled a slump in the economy may be temporary." Yahoo
Tuesday, August 10 | E-mail | Item
Stocks Give Up Some Ground on Rate Hike "Stocks gave up some ground Tuesday after the Federal Reserve raised interest rates and blamed the recent economic slowdown on rising energy prices." Yahoo
Tuesday, August 10 | E-mail | Item
Google Sets Registration Deadline, Auction Next "Google Inc., the Web's No. 1 search engine, on Tuesday said it would close bidder registration for its auction-style $3.3 billion initial public offering in two days. That means Google could begin accepting bids for the 25.7 million shares it plans to sell to the public as early as Friday, after the registration period ends at 5 p.m. EDT on Aug. 12." Yahoo
Tuesday, August 10 | E-mail | Item
U.S. Stocks Gain, Fed Rate Move Awaited "Stocks gained as investors bought shares beaten down after last week's dismal jobs report, but the mood was cautious before the Federal Reserve announced the results of a meeting on the economy and interest rates later on Tuesday." Yahoo
Tuesday, August 10 | E-mail | Item
U.S. Stock Futures Rise Before Fed Decision; Xilinx Shares Drop "U.S. stock-index futures rose before the Federal Reserve's expected interest-rate boost as some investors expect the central bank may indicate it will slow the pace of further increases this year." Bloomberg
Tuesday, August 10 | E-mail | Item
Google to Pay Yahoo to Settle Dispute "Google Inc. on Monday again boosted the number of shares it plans to sell in its initial public offering, saying it will issue 2.7 million shares to Yahoo Inc. to settle a lawsuit over technology used to display ads." Yahoo
Monday, August 09 | E-mail | Item
U.S. stocks stage modest bounce "U.S. stocks headed higher early Monday, bouncing off the 2004 lows set in the previous session despite another rise in crude prices to record levels." Yahoo
Monday, August 09 | E-mail | Item
U.S. Treasury Notes Drop Before Debt Auctions And Fed Meeting "U.S. 10-year Treasury notes fell for the first day in nine as some investors shunned yields at their lowest in four months a day before the Federal Reserve is forecast to raise its key interest rate from 1.25 percent." Bloomberg
Monday, August 09 | E-mail | Item
FedEx Buys Parcel Direct for $120 Million " FedEx Corp. on Monday said it has agreed to buy parcel coordinator Parcel Direct for $120 million in cash to help it serve catalog and online retail customers." Yahoo
Monday, August 09 | E-mail | Item
Citigroup Buys Knight's Derivatives Unit "Citigroup Inc. on Monday said it will buy Knight Trading Group Inc.'s derivative markets business for $225 million to expand its market-making abilities in options." Yahoo
Monday, August 09 | E-mail | Item
Stocks Open Higher; Investors Await Fed "U.S. stocks rose a bit at the open on Monday as oil prices eased from a record high but investors seemed reluctant to take big bets ahead of the Federal Reserve's decision on interest rates on Tuesday." Yahoo
Monday, August 09 | E-mail | Item
Scotts Co. Agrees to Buy Smith & Hawken "Consumer lawn and garden care products maker Scotts Co. reported Monday that it agreed to acquire Smith & Hawken Ltd., a maker of garden tools, pottery and high-end outdoor furniture, for about $72 million, including $14 million assumed debt." Forbes
Monday, August 09 | E-mail | Item
McDonald's July Same-Store Sales Rise "Restaurant franchiser McDonald's Corp. said Monday that systemwide same-store sales rose 6.4 percent in July, helped by the effect of a positive trading day during the month." AP
Monday, August 09 | E-mail | Item
Oil, Jobs Worries May Prompt Fresh Selling "If you were to superimpose a chart showing the Dow Jones industrial average for the past few weeks with a chart showing oil prices, you'd see a distressing mirror image -- when oil went up, stocks went down." Yahoo
Sunday, August 08 | E-mail | Item
BellSouth, CWA Union Agree on Contracts for 45,000 "BellSouth Corp., the third-largest U.S. local-telephone company, reached a tentative five-year agreement last night with the Communications Workers of America on labor contracts for 45,000 employees in nine states." Bloomberg
Sunday, August 08 | E-mail | Item
U.S. 10-Year Note Has Biggest Weekly Gain Since January on Jobs
"The U.S. 10-year Treasury note had its biggest weekly gain since January after the economy added fewer jobs than forecast in July for a second straight month and as record oil prices threatened to slow consumer spending." Bloomberg
Saturday, August 07 | E-mail | Item
Rates and Oil to Write Script for Stocks "Wall Street's focus will be squarely on the Federal Reserve's interest-rate decision next week after weak jobs data raised questions about the pace of future hikes, while concerns about oil prices near $45 a barrel are likely to keep U.S. stocks under pressure." Yahoo
Saturday, August 07 | E-mail | Item
Stocks Fall on Data, Indexes at Year Lows "U.S. stocks traded lower on Friday after a U.S. government report showed weaker-than-expected July payroll figures, casting doubt on the strength of the economic recovery." Reuters
Friday, August 06 | E-mail | Item
Newfield to Buy Inland for $465 Mln "Newfield Exploration Co. has agreed to buy Inland Resources for $465 million, making the U.S. Rocky Mountains a new area of focus and increasing oil production, the oil and natural gas explorer said on Friday." Yahoo
Friday, August 06 | E-mail | Item
Halliburton Accused of Accounting Fraud "A new filing in a shareholder class-action lawsuit against Halliburton Co. contends that the world's No. 2 oilfield services company and several top executives intentionally engaged in "serial accounting fraud" from 1998 to 2001, court papers show." Yahoo
Friday, August 06 | E-mail | Item
Treasuries Up, Jobs Seen Restraining Fed "The market is still pricing in a quarter point hike from the Federal Reserve at its meeting next week but now sees rates rising less than first thought by the end of the year. The benchmark 10-year note (US10YT=RR) leaped 1-25/32 in price, lowering yields to 4.19 percent from 4.41 percent late Thursday." Yahoo
Friday, August 06 | E-mail | Item
Jobs Data Hit Stocks, Dollar, Boost Bonds "Weak U.S. jobs data drove European stocks lower on Friday, battered the dollar and sent demand for government bonds jumping." Yahoo
Friday, August 06 | E-mail | Item
Stock Futures Fall After Payroll Data "U.S. stock futures fell on Friday after government figures showed that payrolls grew less than expected in July. Median forecasts were for nonfarm payrolls to rise 228,000 last month, with an unemployment rate at 5.6 percent." Reuters
Friday, August 06 | E-mail | Item
Treasuries Surge After Economy Added Fewer Jobs Than Forecast "U.S. Treasuries surged in New York after a government report showed the economy added fewer jobs than forecast in July, raising speculation a slowdown in the economy may be more than temporary." Bloomberg
Friday, August 06 | E-mail | Item
Google May Delay Its IPO by About a Week "Google Inc. may delay its highly anticipated $3.3 billion IPO by about a week as the Web's No. 1 search engine waits for more fund managers to bid on the shares, a source familiar with the offering said on Thursday." Yahoo
Thursday, August 05 | E-mail | Item
Stocks Move Lower As Oil Prices Surge "Stocks fell sharply Thursday as oil prices surged and retailers reported disappointing sales for July. Volume was light, however, as many investors stayed on the sidelines ahead of the government's employment report on Friday." AP
Thursday, August 05 | E-mail | Item
U.S. 10-Year Treasury Rises for a 7th Day Before Jobs Report "The U.S. 10-year Treasury note rose for a seventh straight day, its longest rally since March 2003, on speculation a government report tomorrow will show the economy added fewer jobs last month than forecast." Bloomberg
Thursday, August 05 | E-mail | Item
Retailers Post Muted July Sales Growth "Wal-Mart Stores Inc. and other top U.S. retailers on Thursday reported July sales that largely met muted expectations, helped by early back-to-school shopping for computers, clothing and bedding." Reuters
Thursday, August 05 | E-mail | Item
Google May Have Illegally Sold Shares "Google Inc. may have illegally issued more than 23 million shares of its stock to hundreds of employees and consultants, injecting an unexpected legal risk into the online search engine leader's highly anticipated IPO." AP
Thursday, August 05 | E-mail | Item
Chrysler to Recall 831,000 Minivans "DaimlerChrysler AG's Chrysler Group plans to recall 831,000 minivans that may have weak power steering hoses and could pose fire dangers, the company said Wednesday." AP
Wednesday, August 04 | E-mail | Item
Bristol to settle SEC charges for $150 mln "Bristol-Myers Squibb Co. agreed to pay $150 million to settle Securities and Exchange Commission charges that it improperly booked $1.5 billion in revenue in 2000 and 2001, the SEC said on Wednesday." Yahoo
Wednesday, August 04 | E-mail | Item
Stocks Open Lower on Economic Worries "U.S. stocks are seen lower at the open Wednesday as investors fret over record high oil prices and concerns that the U.S. economy is slowing." Yahoo
Wednesday, August 04 | E-mail | Item
Losses Balloon at Mitsubishi to $492M "Losses at scandal-plagued Japanese automaker Mitsubishi Motors Corp. ballooned for the latest quarter as sales nose-dived in Japan and North America." AP
Wednesday, August 04 | E-mail | Item
Warnaco Group Buys Ocean Pacific "Clothing maker Warnaco Group Inc. on Wednesday said it agreed to buy surfing-inspired clothing brand Ocean Pacific Apparel Corp. for $40 million." Yahoo
Wednesday, August 04 | E-mail | Item
CSFB Profit Falls 43% From First Quarter on Trading "Credit Suisse First Boston, the securities unit of Switzerland's No. 2 bank, said second-quarter profit fell 43 percent from the first quarter as it suffered a 38 percent decline in equity and bond trading revenue." Bloomberg
Wednesday, August 04 | E-mail | Item
Cigna Has 2nd-Qtr Profit on Sale of Retirement Unit "Cigna Corp., the fourth-largest U.S. health insurer, said it had a profit in the second quarter after selling a retirement unit and increasing earnings in the health- care business." Bloomberg
Wednesday, August 04 | E-mail | Item
Caterpillar Workers Set Strike Deadline "More than 9,000 Caterpillar Inc. workers will strike this week if negotiations that began nearly eight months ago fail to yield a new contract with the heavy equipment giant, United Auto Workers officials said Tuesday." AP
Wednesday, August 04 | E-mail | Item
Bristol-Myers Likely to Pay $75M "Pharmaceutical giant Bristol-Myers Squibb Co. likely will pay about $75 million to settle federal regulators' charges that it improperly manipulated its inventory of drugs to inflate its reported sales, a person familiar with the matter said Tuesday." AP
Wednesday, August 04 | E-mail | Item
Fidelity Brokerage Settles with SEC, NYSE "Fidelity Investments brokerage unit on Tuesday said it will pay $2 million in fines to settle accusations that employees in more than 20 of its branches altered or destroyed documents to pass internal audits." Yahoo
Tuesday, August 03 | E-mail | Item
Treasuries higher but strong car sales threaten "Treasury debt prices clung to early gains on Tuesday but analysts warned sentiment could sour as the repercussions of strong July car sales results filter through the market." Reuters
Tuesday, August 03 | E-mail | Item
US Stocks End Down on Oil, Consumer Data "U.S. stocks tumbled on Tuesday after oil prices surged to a new record above $44 per barrel and a report showed consumer spending in June took its biggest plunge in almost 3 years." Yahoo
Tuesday, August 03 | E-mail | Item
Halliburton pays $7.5M fine to settle SEC investigation "Halliburton Co. has paid a civil penalty of $7.5 million to settle a Securities and Exchange Commission probe into how company in 1998 and 1999 disclosed and recognized revenue for unapproved claims in long-term construction projects." Houston Business Journal
Tuesday, August 03 | E-mail | Item
Ford U.S. July Sales Fell 4.1%; GM Boosts Rebates "Ford Motor Co. said U.S. sales fell 4.1 percent in July from a year earlier as DaimlerChrysler AG's Chrysler sales rose 6.3 percent on new models. General Motors Corp. boosted rebates to as much as $6,000 on some vehicles." Bloomberg
Tuesday, August 03 | E-mail | Item
Tyco Third-Quarter Profit Rises; Raises '04 Forecast "Tyco International Ltd., the world's biggest maker of electric connectors and security systems, said fiscal third-quarter profit rose 63 percent as it cut costs and sold more components. The company raised its 2004 forecast." Bloomberg
Tuesday, August 03 | E-mail | Item
Stocks Gain as Attack Fears Ebb "U.S. stocks rose on Monday as fears about possible attacks on U.S. financial institutions receded and strong earnings from consumer products maker Procter & Gamble Co. helped push up the blue-chip Dow." Yahoo
Monday, August 02 | E-mail | Item
Terror alert boosts Treasuries in safe-haven bid "U.S. Treasury debt prices climbed moderately on Monday as unusually specific terrorism alerts from the Homeland Security Department fueled a modest bid for safe-haven government debt. Bonds largely shrugged off a report on U.S. factories reflecting strong output for July and a mild pullback in hiring for the sector." Reuters
Monday, August 02 | E-mail | Item
DirecTV to Buy Pegasus's Satellite Unit for $938 Mln "DirecTV Group Inc., the biggest U.S. satellite-television provider, agreed to buy Pegasus Satellite Television Inc.'s satellite-TV unit for about $938 million, adding 1.1 million customers in rural areas of 41 states." Bloomberg
Monday, August 02 | E-mail | Item
U.S. Treasuries hold gains on industry data "Treasury prices held their early gains on Friday after data on U.S. manufacturing were not as strong as some in the market had been expecting." Yahoo
Monday, August 02 | E-mail | Item
Fifth Third to Purchase First National for $1.58 Bln "Fifth Third Bancorp, the 11th-largest U.S. bank, said it agreed to buy First National Bankshares of Florida Inc. for $1.58 billion in stock to help it expand into five new markets in Florida." Bloomberg
Monday, August 02 | E-mail | Item
Procter& Gamble Posts Higher 4Q Profit " Household and personal care products maker Procter & Gamble Co. reported Monday that increased volume and improved beauty and health-care sales drove fourth-quarter earnings up 44 percent to beat Wall Street expectations." AP
Monday, August 02 | E-mail | Item
Cox's Majority Owner Proposes $7.9 Bln Buyout Offer "Cox Enterprises Inc., which owns 62 percent of Cox Communications Inc., said it wants to pay $7.9 billion for the shares of the fourth-largest U.S. cable- television company it doesn't already own." Bloomberg
Monday, August 02 | E-mail | Item
Sun Microsystems considers acquisitions - WSJ "Network computer maker Sun Microsystems Inc. (NasdaqNM:SUNW - News) is considering making acquisitions, emboldened by rising sales and a big cash hoard, the Wall Street Journal said on Monday, citing Sun President Jonathan Schwartz." Yahoo
Monday, August 02 | E-mail | Item
S.Korea's Daum to Buy Lycos for $95 Mln "South Korea's top Web site operator Daum Communications Corp., said on Monday it would acquire Lycos Inc., the U.S. business of Spain's Terra Lycos, owner of popular sites such as Wired News and Tripod, for $95 million." Yahoo
Monday, August 02 | E-mail | Item
GE Capital to Buy Hyundai Capital Stake "GE Capital, a unit of General Electric Capital Corp. , agreed on Monday to buy a stake in Hyundai Motor Co.'s ailing financial arm for $371 million, making inroads into South Korea's $8.6 billion auto financing market." Boston
Monday, August 02 | E-mail | Item
Goldman Sachs Tops Citigroup's Fee Income as Mergers Surge "Goldman Sachs Group Inc., the third- biggest securities firm by capital, overtook Citigroup Inc. in investment banking fees in the latest quarter as the pace of mergers and acquisitions rose almost 70 percent." Bloomberg
Monday, August 02 | E-mail | Item
U.S. Stock-Index Futures Decline After Terror Alert Is Raised "U.S. stock-index futures fell after the government raised the terror alert level for financial institutions in Washington, New York City and northern New Jersey, citing intelligence on al-Qaeda plans to set off bombs." Bloomberg
Monday, August 02 | E-mail | Item
Lone Star Beats Goldman for Japan's No. 3 Golf Owner "Lone Star Funds won a joint bid for control of Japan Golf Promotion Inc., the nation's third-largest golf company, unseating Goldman Sachs Group Inc. as the biggest owner of Japanese courses." Bloomberg
Monday, August 02 | E-mail | Item
