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227cd9e4fb3587477510e66ecf7efb44 | https://www.cnbc.com/2007/01/16/tata-consultancys-thirdquarter-profit-tops-forecasts.html | Tata Consultancy's Third-Quarter Profit Tops Forecasts | Tata Consultancy's Third-Quarter Profit Tops Forecasts
Tata Consultancy Services, India's top software services exporter, said quarterly profit rose 48%, beating expectations, as it won large outsourcing deals from foreign clients.
The company, part of India's salt-to-software conglomerate Tata group, said net profit r... |
dcc9dd414b45201437d657bf7d41fb9c | https://www.cnbc.com/2007/01/16/td-ameritrade-profit-rose-69-to-24-cents-a-share.html | TD Ameritrade Profit Rose 69%, to 24 Cents a Share | TD Ameritrade Profit Rose 69%, to 24 Cents a Share
TD Ameritrade said fourth-quarter profits rose 69% from a year ago, sending shares of the online brokerage higher.
The company, formed last year when Ameritrade bought TD Waterhouse USA from Toronto-Dominion Bank, said first-quarter net income rose to $146 million, or ... |
96d776201e4028d137f679734f25b530 | https://www.cnbc.com/2007/01/16/uk-inflation-rate-hits-3.html | U.K. Inflation Rate Hits 3% | U.K. Inflation Rate Hits 3%
Consumer price inflation rose to 3% in the United Kingdom in December compared to a year ago, the government said Tuesday, a full point over the official target and the highest rate since 1997.
The Bank of England, seeking to keep inflation under control, surprised markets last week by raisi... |
2e44309f421b43dbdadcd40ffe8ce51e | https://www.cnbc.com/2007/01/16/uks-vt-signs-400-million-pound-oman-ships-deal.html | UK's VT Signs 400 Million Pound Oman Ships Deal | UK's VT Signs 400 Million Pound Oman Ships Deal
British support services and shipbuilding company VT Group said it had signed a 400 million pound ($787.5 million) deal with the government of Oman to supply three ocean patrol vessels for Oman's Royal Navy.
"The programme is valued at around 400 million pounds over a fiv... |
4089ac69a902b8e8995a8ec4b8361192 | https://www.cnbc.com/2007/01/16/wells-fargo-fourthquarter-profits-rise-13-to-64-cents-a-share.html | Wells Fargo Fourth-Quarter Profits Rise 13% To 64 Cents a Share | Wells Fargo Fourth-Quarter Profits Rise 13% To 64 Cents a Share
Howard Atkins, CFO, Wells Fargo
Wells Fargo said fourth-quarter earnings rose 13%, helped by growth in consumer and business lending, including its fast-growing subprime mortgage unit.
The San Francisco bank said net income rose to $2.18 billion, or 64 cen... |
9111f4a654db687a8d4168aa919914a1 | https://www.cnbc.com/2007/01/16/wells-fargo-us-bancorp-post-higher-profits-on-lending-fees.html | Wells Fargo, U.S. Bancorp Post Higher Profits On Lending, Fees | Wells Fargo, U.S. Bancorp Post Higher Profits On Lending, Fees
Wells Fargo and U.S. Bancorp, the fifth- and sixth-largest U.S. banks, reported higher quarterly profits, helped by growth in business lending and fee-generating units.
Profit rose 13% at Wells Fargo to $2.18 billion, or 64 cents per share, from $1.93 billi... |
5d8025a1542f2c4c229f9e98b5157c65 | https://www.cnbc.com/2007/01/17/airbus-2006-operating-loss-predicted-orders-fall.html | Airbus 2006 Operating Loss Predicted, Orders Fall | Airbus 2006 Operating Loss Predicted, Orders Fall
VIDEO4:2104:21Airbus Likely to Post Loss
European Aerospace giant EADS said Wednesday its Airbus division likely posted an operating loss for 2006 and that orders for new planes fell behind rival Boeing last year.EADS said Airbus will record a loss, before interest and ... |
4d14da26953e7d08819f05ff5746ac9c | https://www.cnbc.com/2007/01/17/american-reverses-losses-southwest-earns-slightly-lower.html | American Reverses Losses, Southwest Earns Slightly Lower | American Reverses Losses, Southwest Earns Slightly Lower
AMR, parent of the largest U.S. carrier American Airlines, and Southwest Airlines, the discount carrier, posted fourth quarter profits, helped by higher ticket prices and fuller planes.
AMR reversed a year-ago quarterly loss and recorded its first profitable year... |
1f517696709956b474acc5fb625014fc | https://www.cnbc.com/2007/01/17/amr-posts-first-yearly-profit-since-911-attacks.html | AMR Posts First Yearly Profit Since 9/11 Attacks | AMR Posts First Yearly Profit Since 9/11 Attacks
AMR , the parent company of American Airlines, said it swung to a fourth-quarter profit, aided by a cheaper fuel bill, and reported its first annual profit since before the 2001 terrorist attacks.
AMR, also the parent of regional carrier American Eagle, reported a quarte... |
6052069bc7dc76cf64051d8153f11ddc | https://www.cnbc.com/2007/01/17/bank-of-japan-leaves-interest-rates-unchanged.html | Bank of Japan Leaves Interest Rates Unchanged | Bank of Japan Leaves Interest Rates Unchanged
The Bank of Japan kept its key policy rate unchanged at 0.25% Thursday, reflecting caution among central bankers and raising questions as to whether the BOJ had bowed to pressure from the government.
The BOJ voted 6-3 in favor of keeping policy unchanged.
The yen fluctuate... |
55455dcd0aafe784e47e0fb4cee13e8d | https://www.cnbc.com/2007/01/17/cablevision-board-rejects-dolans-30-per-share-offer.html | Cablevision Board Rejects Dolans' $30 Per Share Offer | Cablevision Board Rejects Dolans' $30 Per Share Offer
The Dolan family, which controls Cablevision Systems through a special class of supervoting stock, has failed in a second attempt to take the New York area cable TV provider private.
In a letter to James Dolan, Cablevision's chief executive, and his father Charles, ... |
52468b10331cd5e39521d5df1dbaefa7 | https://www.cnbc.com/2007/01/17/cnbcs-caruso-chavez-uses-vast-oil-wealth-to-maintain-power.html | CNBC's Caruso: Chavez Uses Vast Oil Wealth to Maintain Power | CNBC's Caruso: Chavez Uses Vast Oil Wealth to Maintain Power
Before President Hugo Chavez rose to power, more than half of Venezuela's population lived in poverty.
As CNBC's Michelle Caruso-Cabrera reports from Caracas, that frustration at being excluded from the country's vast oil wealth swept Chavez to power--and has... |
2ead09501d6287539473cddf11156dd0 | https://www.cnbc.com/2007/01/17/cnbcs-gasparino-sac-capital-receives-harassment-complaint.html | CNBC's Gasparino: SAC Capital Receives Harassment Complaint | CNBC's Gasparino: SAC Capital Receives Harassment Complaint
One of the largest hedge funds in the U.S. is the target of a sexual harassment complaint.
CNBC's Charlie Gasparino reports that a senior portfolio manager at SAC Capital is accused by a junior analyst in civil charges filed in New York State Supreme Court We... |
b81f002b374f7151f79d90c067fb6185 | https://www.cnbc.com/2007/01/17/dollar-slides-against-european-currencies-on-us-economic-data.html | Dollar Slides Against European Currencies On U.S. Economic Data | Dollar Slides Against European Currencies On U.S. Economic Data
The dollar slipped against European currencies after a batch of solid U.S. economic data did little to shake expectations the Federal Reserve would keep interest rates steady for some time.
The New York session began with the dollar gaining modestly on Dec... |
4d2f727799a6173d96784503d24af9fb | https://www.cnbc.com/2007/01/17/faber-report-private-equity-firms-unlikely-to-bid-for-tribune.html | Faber Report: Private Equity Firms Unlikely to Bid for Tribune | Faber Report: Private Equity Firms Unlikely to Bid for Tribune
Private-equity firms seem highly unlikely to make any bids for Tribune, the publishing and broadcasting company that's ending an auction for itself Wednesday, said CNBC's David Faber.
The group of Madison Dearborn Partners, Apollo Management and Providence ... |
cd7f48164c57f54f83ae574ee7983e27 | https://www.cnbc.com/2007/01/17/feds-beige-book-what-it-means-for-us-economy.html | Street Signs | Street Signs
Federal ReserveAP
The Federal Reserve released its Beige Book survey just as “Street Signs” began today. The survey showed the U.S. economy entered 2007 with moderate growth – including moderate wage gains and price increases. The bottom line was that the Fed appeared to still be “upbeat on inflation,” acc... |
798a423c9f6312eed14a4255174f8931 | https://www.cnbc.com/2007/01/17/feds-yellen-says-policy-wellpositioned-to-tame-inflation.html | Fed's Yellen Says Policy 'Well-Positioned' To Tame Inflation | Fed's Yellen Says Policy 'Well-Positioned' To Tame Inflation
Federal Reserve Bank President Janet Yellen said U.S. interest rates "are within range of the desired setting" but that inflation from a "gangbusters" labor market remains a risk."Let me be clear that I do want inflation to move down, but I believe policy may... |
41a4a5f6a75d8b0979a45dd2064aeda2 | https://www.cnbc.com/2007/01/17/get-used-to-lower-intel-profits-in-fight-with-amd-analysts-say.html | Get Used to Lower Intel Profits in Fight With AMD, Analysts Say | Get Used to Lower Intel Profits in Fight With AMD, Analysts Say
Investors may just have to live with slightly lower profit margins at Intel as the world's largest chip maker is forced to coexist in the same markets with much-smaller rival Advanced Micro Devices.
Shares of Intel fell as much as 97 cents, or 4.4%, to $21... |
2b8a3d65099182a05bef97d2e2df3c35 | https://www.cnbc.com/2007/01/17/gm-ceo-sees-deal-with-delphi-union-in-near-term.html | GM CEO Sees Deal with Delphi, Union, in Near Term | GM CEO Sees Deal with Delphi, Union, in Near Term
General Motors Chief Executive Rick Wagoner on Tuesday said a deal with bankrupt former subsidiary Delphi and its union to cut wages and benefits was possible in the "near term."
"We can envision potential for a solution in the relatively near term," Wagoner told report... |
f9baeb1f6387a08cfe3914e165d2053e | https://www.cnbc.com/2007/01/17/home-loan-demand-drops-as-mortgage-rates-rise.html | Home Loan Demand Drops As Mortgage Rates Rise | Home Loan Demand Drops As Mortgage Rates Rise
U.S. mortgage applications fell last week, reflecting a drop in demand for home purchase loans as interest rates climbed, an industry trade group said.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both ... |
586b29ea228849411d1d7f1387ea0ac1 | https://www.cnbc.com/2007/01/17/jan-22-two-too-much-to-cover.html | Jan. 22: Two, Too Much to Cover | Jan. 22: Two, Too Much to Cover
"Monday, Monday, can't trust that day." - The Mamas & The Papas
As we get into the thick of earnings season, next Monday is shaping up to be a big news day for big pharma.
Before the bell Pfizer will put out its press release with its 2006 and fourth-quarter numbers. Then, at 1 p.m. ET... |
3d38bbfb240b8b01054460490bf79715 | https://www.cnbc.com/2007/01/17/mcdonalds-sees-profit-topping-estimates.html | McDonald's Sees Profit Topping Estimates | McDonald's Sees Profit Topping Estimates
McDonald's expects its fourth-quarter earnings from continuing operations to top analyst estimates, as December same-store sales rose 7.2% globally.
The Oak Brook, Ill., fast-food giant said it expects to earn $1 a share. The estimate includes 61 cents a share from continuing op... |
923b39be840e146eca0c537d1a2899aa | https://www.cnbc.com/2007/01/17/microsofts-ballmer-not-impressed-with-apple-iphone-cnbc.html | Microsoft's Ballmer Not Impressed with Apple iPhone: CNBC | Microsoft's Ballmer Not Impressed with Apple iPhone: CNBC
Apple's recently debuted iPhone is pricey and doesn't appeal to business customers, Microsoft CEO Steve Ballmer tells CNBC.
Asked for his first impression of the wireless, touchscreen-controlled gadget that Apple introduced this month, Ballmer focused on the pho... |
187ddb3386f53f0ceafd9679e6d09aa9 | https://www.cnbc.com/2007/01/17/mills-to-be-acquired-by-brookfield-for-21-a-share-or-135-billion.html | Mills to be Acquired by Brookfield for $21 a Share, or $1.35 Billion | Mills to be Acquired by Brookfield for $21 a Share, or $1.35 Billion
The Mills Corp., a mall developer looking to escape a financial bind, said it has agreed to be acquired by the Canadian investment company Brookfield Asset Management for $1.35 billion.
Under the deal, Brookfield will pay $21 per share for each Mills ... |
c9b8437f19c111c5d826d864ba2e7a1f | https://www.cnbc.com/2007/01/17/oil-shrugs-off-20month-low-and-rallies-to-finish-above-52.html | Oil Shrugs off 20-Month Low and Rallies to Finish Above $52 | Oil Shrugs off 20-Month Low and Rallies to Finish Above $52
Oil rebounded from a 20-month low as cooler weather in the United States rekindled heating demand, keeping prices above $50 and stemming a slide that had cut 18% off prices this month.
U.S. crude futures settled up $1.03 at $52.24 a barrel after slipping as lo... |
2df4f660b97151d9f16aca8613c94f04 | https://www.cnbc.com/2007/01/17/pickens-on-cnbc-no-panicoil-prices-will-go-up.html | He's Boone Pickens--he's CEO of the private equity firm BP Capital--and he's a major "player" when it comes to oil (he has an estimated worth of $2.7 billion). He called in to "Squawk Box" this morning to talk about the falling price of crude.
A little background before we get to what Pickens said. The price of crude i... | |
68db26b2d8239f98d5a24d4b0d4946da | https://www.cnbc.com/2007/01/17/sabmiller-says-thridquarter-volumes-up-10.html | SABMiller Says Thrid-quarter Volumes Up 10% | SABMiller Says Thrid-quarter Volumes Up 10%
SABMiller, one of the world's biggest brewers and owner of brands such as Miller Lite, Pilsner Urquell and Peroni, said Wednesday that lager volume grew 10% in the third quarter.
For the first nine months, the company said volume grew 9.5%.
"The group's financial performance ... |
57938989f8794ecacc312eb67d1d48fd | https://www.cnbc.com/2007/01/17/semiconductor-equipment-maker-asml-4q-profit-quadruples.html | Semiconductor Equipment Maker ASML 4Q Profit Quadruples | Semiconductor Equipment Maker ASML 4Q Profit Quadruples
ASML Holding NV, the supplier of semiconductor equipment to chipmakers, reported Wednesday that fourth-quarter net profit almost quadrupled from a year earlier, crediting strong demand from clients and an increase in market share.
Net profit was 205.5 million euro... |
0d3b0d0430b6c2791ee0684907542883 | https://www.cnbc.com/2007/01/17/sony-ericsson-triples-4q-net-profit-sees-record-sales-volumes.html | Sony Ericsson Triples 4Q Net Profit, Sees Record Sales Volumes | Sony Ericsson Triples 4Q Net Profit, Sees Record Sales Volumes
Mobile phone maker Sony Ericsson said Wednesday its net profit more than tripled in the fourth quarter, as record sales of its high-end handsets helped it gain market shares.
The company said net profit came in at 447 million euros($579 million) in the thre... |
51e7a2a85f245f03594054584b956669 | https://www.cnbc.com/2007/01/17/tjx-says-system-breached-customer-data-stolen.html | TJX Says System Breached, Customer Data Stolen | TJX Says System Breached, Customer Data Stolen
TJX, which operates the T.J. Maxx and Marshalls chains, said on Wednesday that the computer systems that process its customer transactions had been breached and customer information had been stolen.
The off-price retailer said it discovered the intrusion in mid-December, b... |
97f730f27196db2333d5d91ef97e8be5 | https://www.cnbc.com/2007/01/17/trust-banks-post-strong-quarterly-profit-reports.html | Trust Banks Post Strong Quarterly Profit Reports | Trust Banks Post Strong Quarterly Profit Reports
Three of the four largest U.S. trust banks -- which manage money, hold securities and process trades for clients -- reported strong fourth quarter profits, as demand rose for their asset management and servicing products.
State Street, based in Boston, Mellon Financial, ... |
de3f5a56ceeb8f3fb8ff763c7a4d5c4b | https://www.cnbc.com/2007/01/17/us-stocks-close-lower-after-oil-prices-stage-a-late-rally.html | U.S. Stocks Close Lower After Oil Prices Stage a Late Rally | U.S. Stocks Close Lower After Oil Prices Stage a Late Rally
U.S. stocks closed lower after oil prices staged a late rally, while weakness in technology dragged down the Nasdaq.
The Dow Jones Industrials moved briefly above 12,600 but fell back to finish the day slightly lower.
"I would say on balance, when you consider... |
901e1c558f49eb92e23f1a9a307fece9 | https://www.cnbc.com/2007/01/17/vornado-makes-joint-bid-for-equity-office-of-52-a-share.html | Vornado Makes Joint Bid For Equity Office of $52 a Share | Vornado Makes Joint Bid For Equity Office of $52 a Share
Vornado Realty Trustand two real estate partners offered $52 a share for Equity Office Properties Trust, which has already agreed to be acquired by Blackstone Group for $48.50 a share in cash.
The offer had been expected after CNBC's David Faber reported Wednesda... |
f8108c128ed8d3cb75e374c052eddcad | https://www.cnbc.com/2007/01/17/woolworths-holiday-retail-sales-down-46.html | Woolworths Holiday Retail Sales Down 4.6% | Woolworths Holiday Retail Sales Down 4.6%
Woolworths Group reported Wednesday that holiday sales at its 806 stores fell 4.6%, but total group sales including Internet and catalog offerings grew 2.2%.
In a trading update to the London Stock Exchange, Woolworths said it anticipated a significant reduction in year-on-year... |
83f2c8e94fd56899eb2a00a50f9b4fe1 | https://www.cnbc.com/2007/01/18/2006-german-beer-sales-jump.html | 2006 German Beer Sales Jump | 2006 German Beer Sales Jump
Germany's leading breweries all posted increased sales for 2006, partially due to an increase in domestic beer consumption credited to a hot summer of partying surrounding the soccer World Cup.
The Warsteiner, Krombacher and Bitburger breweries all said their sales for the year were up over ... |
4a8be688b1a846865c0ec1b0c98c9431 | https://www.cnbc.com/2007/01/18/apples-ipod-takes-on-global-currency-markets.html | Apple's iPod Takes on Global Currency Markets | Apple's iPod Takes on Global Currency Markets
Having already stormed world fashion, Apple's hip iPod music player is finally making its presence felt in global currency markets.
One of Australia's biggest banks, the Commonwealth Bank, has used the latest version of Apple's music player - the slimline Nano - to compare... |
78ebdaad2b09a818908487a6e53775eb | https://www.cnbc.com/2007/01/18/briggs-stratton-guides-below-expectations.html | Briggs & Stratton Guides Below Expectations | Briggs & Stratton Guides Below Expectations
Briggs & Stratton, which makes lawnmower engines and power tools, issued second-half and full-year earnings guidance below Wall Street's consensus views.
Briggs & Stratton said it expects to earn $86 million to $96 million, or $1.72 to $1.92 a share, in the second half of it... |
48dcef6d07a13e6fbc9f9815ff19d7fe | https://www.cnbc.com/2007/01/18/cnbcs-olick-housing-building-its-way-back-up.html | Street Signs | Street Signs
Today's U.S. housing numbers
that we've been reporting have some very good news--and some not so good news (seems most economic reports out lately are a double edged sword). First--the housing starts for multi-family homes are up 42% in the month of December (the largest jump since April of 2005.) Great, r... |
a3461f8a78ac1c8d7abac3734bd3f2fd | https://www.cnbc.com/2007/01/18/continental-posts-narrower-fourthquarter-loss.html | Continental Posts Narrower Fourth-Quarter Loss | Continental Posts Narrower Fourth-Quarter Loss
Continental AirlinesCNBC.com
Continental Airlines, the world's fifth-largest airline, said Thursday its fourth-quarter loss narrowed by 40%, as strong fare pricing helped offset increased fuel and labor costs.
The network carrier, which has explored the possibility of a me... |
e9f5a9ac544dab17f2348b8f435e6c49 | https://www.cnbc.com/2007/01/18/dump-tech-strategists-agree-and-disagree.html | AP
The 21st century’s version of the new economy is facing a tech meltdown. Or is it? Two experts weighed in on technology stocks for “Power Lunch.”
Joseph Parnes, president of TechnoMart Investment Advisors, sees opportunity in market danger. He told CNBC’s Bill Griffeth that “institutions, pension funds” that took a ... | |
018f4ab175022cabe3e9fa66612b0441 | https://www.cnbc.com/2007/01/18/etrade-earnings-jump-37-beat-forecasts.html | E*Trade Earnings Jump 37%, Beat Forecasts | E*Trade Earnings Jump 37%, Beat Forecasts
E Trade
E*Trade Financial, one of the nation's largest discount brokerages, on Thursday said robust stock trading and two recent acquisitions helped secure a record fourth-quarter profit that surpassed Wall Street expectations.
The New York-based company said profits rose to $1... |
a9acd5d7efe0de23c805fb74f54da85b | https://www.cnbc.com/2007/01/18/former-hp-chairwoman-dunn-offered-plea-deal-in-spying-case.html | Former HP Chairwoman Dunn Offered Plea Deal In Spying Case | Former HP Chairwoman Dunn Offered Plea Deal In Spying Case
California prosecutors offered to drop felony charges against former Hewlett-Packard Chairwoman Patricia Dunn and the four other defendants in the company's boardroom spying scandal if they agree to plead guilty to a misdemeanor, a defense lawyer said.
Stephen ... |
e5fe6ebc15ac97f4f660510720b8ddd2 | https://www.cnbc.com/2007/01/18/harleydavidson-profits-rise-nearly-10-to-97-cents-a-share.html | Harley-Davidson Profits Rise Nearly 10% To 97 Cents a Share | Harley-Davidson Profits Rise Nearly 10% To 97 Cents a Share
Harley-Davidson posted a nearly 10% increase in quarterly earnings, as U.S. sales of its rumbling, iconic motorcycles grew faster than the overall market.
Fourth-quarter net profit rose to $252.4 million, or 97 cents a share, from $230 million, or 84 cents a s... |
ae359667a5b43ffb7cf02becf400c727 | https://www.cnbc.com/2007/01/18/hewlettpackard-extends-lead-over-dell-in-pc-market-studies-say.html | Hewlett-Packard Extends Lead Over Dell in PC Market, Studies Say | Hewlett-Packard Extends Lead Over Dell in PC Market, Studies Say
Hewlett-Packardextended its lead over Dell in the worldwide personal-computer market in the fourth quarter, according to reports released Wednesday by two top technology research firms.
The analyses from IDC and Gartner produced slightly different numbers... |
bb9f46ccd1716816ac6bfc63445018fe | https://www.cnbc.com/2007/01/18/irish-inflation-hits-4year-high.html | Irish Inflation Hits 4-Year High | Irish Inflation Hits 4-Year High
Inflation in Ireland has reached a four-year high of 4.9%, the government's Central Statistics Office reported Thursday, citing a surge in mortgage and fuel costs as well as a hike in tobacco taxes.
The rate for December represented a monthly rise of 0.3% in prices, driven chiefly by th... |
d136a75e6a54f639a146b8495c88ef89 | https://www.cnbc.com/2007/01/18/kesa-electricals-reports-holiday-sales-up-64.html | Kesa Electricals Reports Holiday Sales Up 6.4% | Kesa Electricals Reports Holiday Sales Up 6.4%
Kesa Electricals, the owner of Britain's Comet and France's Darty electronics goods chains, reported Thursday that total sales over the holiday period rose 8.1%, driven by strong demand for flat-screen televisions, laptop computers and white goods.
The company's like-for-l... |
35880f3c1b21e480ce15b52732b3de3d | https://www.cnbc.com/2007/01/18/lse-to-return-extra-250-million-pounds-to-shareholders.html | LSE to Return Extra 250 Million Pounds to Shareholders | LSE to Return Extra 250 Million Pounds to Shareholders
The London Stock Exchange unveiled plans to return as much as another 250 million pounds ($492 million) to investors as it seeks to persuade them to reject a hostile offer from U.S. rival Nasdaq .
The LSE also issued a bullish forecast for its SETS electronic tradi... |
df9d4d66f6394ece9d947067f687eafc | https://www.cnbc.com/2007/01/18/major-equity-office-shareholder-favors-vornado-bid.html | Major Equity Office Shareholder Favors Vornado Bid | Major Equity Office Shareholder Favors Vornado Bid
Cohen & Steers, a major shareholder in Equity Office Properties Trust , favors an offer for Equity Office from a Vornado Realty Trust group over an agreement Equity Office has already made to be acquired by Blackstone Group, said Cohen & Steers' Co-Chief Executive Mart... |
696e300769d54d2087970f98fb084faf | https://www.cnbc.com/2007/01/18/neteller-ceases-handling-us-transfers-for-online-gambling-merchants.html | Neteller Ceases Handling U.S. Transfers for Online Gambling Merchants | Neteller Ceases Handling U.S. Transfers for Online Gambling Merchants
Neteller, a Britain-based online money transfer business, said Thursday it is ceasing to handle gambling transactions from U.S. customers because of restrictive legislation and uncertainties about regulations.
The company's move came three days after... |
09c757eb4ef1b2de3d1b1a42fb1097e1 | https://www.cnbc.com/2007/01/18/rite-aid-holders-approve-deal-to-buy-brooks-and-eckerd-stores.html | Rite Aid Holders Approve Deal To Buy Brooks and Eckerd Stores | Rite Aid Holders Approve Deal To Buy Brooks and Eckerd Stores
Rite Aid shareholders overwhelmingly approved a nearly $3 billion deal to buy more than 1,800 Brooks and Eckerd stores and become the largest drugstore operator on the East Coast.
Rite Aid , the nation's third-largest drugstore chain, has billed the deal as ... |
6870f15ec86585989f731accc8d13fb8 | https://www.cnbc.com/2007/01/18/study-shows-nicotine-levels-in-cigarettes-is-increasing.html | Study Shows Nicotine Levels in Cigarettes Is Increasing | Study Shows Nicotine Levels in Cigarettes Is Increasing
A new study shows tobacco companies increased the nicotine content in cigarettes by about 11% over seven years.
The Harvard School of Public Health looked at data from the Massachusetts Department of Health from 1998 to 2005 and concluded that the nicotine yield p... |
7ca9edaf37ebc439b73162e4ae2e1f54 | https://www.cnbc.com/2007/01/18/universal-stainless-shares-leap-on-firstquarter-guidance.html | Universal Stainless Shares Leap on First-Quarter Guidance | Universal Stainless Shares Leap on First-Quarter Guidance
Shares of specialty steel maker Universal Stainless & Alloy Products propelled upward as the company offered first-quarter guidance sharply above its results for the first quarter of 2006.
Universal Stainless , which also reported its fourth-quarter results on T... |
c2f89a8d250cbc415f7ded726083cd67 | https://www.cnbc.com/2007/01/18/which-2008-dem-scares-wall-street-the-most.html | The current field of Democrats running--or thought to be running--for the White House in 2008 might be shaking Wall Street to its roots. The 'fear' is based on getting a president that's unfriendly to the Street's business friendly philosophy. Among the early frontrunners is a one time Wal-Mart board member (Hillary Cl... | |
e737344f4dea9177206a72edaa5b0536 | https://www.cnbc.com/2007/01/19/abbott-ceo-tells-cnbc-diagnostic-units-better-fit-for-ge.html | Abbott CEO Tells CNBC Diagnostic Units Better Fit for GE | Abbott CEO Tells CNBC Diagnostic Units Better Fit for GE
Abbott agreed to sell two diagnostic units to General Electric for $8.13 billion because the business has gotten too big for the company, Abbott Chairman and CEO Miles White told CNBC.
"It's evolved now to a different kind of laboratory business than what I grew ... |
0d8cb9be5e080b9831d3f48cf30ee78c | https://www.cnbc.com/2007/01/19/att-expands-free-innetwork-calling.html | AT&T Expands Free In-Network Calling | AT&T Expands Free In-Network Calling
AT&T customers who subscribe to both its Cingular Wireless andtraditional phone services can now make and receive unlimited free calls to and from any other AT&T or Cingular customer.
The expanded 'free calling' network will consist of roughly 100 million phone numbers.
The new AT&T... |
3d0eb36420df76e068ce8762ad831bd8 | https://www.cnbc.com/2007/01/19/cnbc-play-defense-in-risky-tech.html | CNBC: Play Defense in Risky Tech | CNBC: Play Defense in Risky Tech
Technology stocks still face some turbulence, and analysts say it may be a good time to stick to the more defensive names in the group.
This week's tech washout sent alot of investors in the group to the sidelines as the S&P technology sector fell 3.4% and the Nasdaq lost 2%, its worst ... |
fac7ca84234c4abd429c010da9da8df5 | https://www.cnbc.com/2007/01/19/cnbcs-caruso-chavezs-policies-keep-private-sector-guessing.html | CNBC's Caruso: Chavez's Policies Keep Private Sector Guessing | CNBC's Caruso: Chavez's Policies Keep Private Sector Guessing
Alberto Vollmer's sugar plantation and rum factory in Venezuela had been in his family for 200 years.
But as CNBC's Michelle Caruso-Cabrera reports, President Hugo Chavez's government took over a third of Vollmer's land 18 months ago in the name of his "soci... |
d0e5bcbc37a219d15c1c62bfe22f32a7 | https://www.cnbc.com/2007/01/19/cnbcs-schacknow-just-cruisin-in-panama.html | Regular fans of this blog (now closing in on double digits) will note that it’s been absent from the CNBC.com site this week.That’s because your breaking news producer has been spanning the globe in various exotic locales, doing exhaustive research on a variety of publicly traded companies, sparing no expense to satisf... | |
8f1902a17027fbc0d53963fd09009286 | https://www.cnbc.com/2007/01/19/consumer-sentiment-rises-sharply-to-a-threeyear-high.html | Consumer Sentiment Rises Sharply To a Three-Year High | Consumer Sentiment Rises Sharply To a Three-Year High
U.S. consumer sentiment improved to a three-year high in early January, propelled by falling gasoline prices and a favorable view of personal finances and economic growth, a survey showed.
The Reuters/University of Michigan Surveys of Consumers said its preliminary ... |
29da054d27c4497c7ab9da9251154550 | https://www.cnbc.com/2007/01/19/deadlock-jury-results-in-mistrial-for-vioxx-lawsuits.html | Deadlock Jury Results in Mistrial for Vioxx Lawsuits | Deadlock Jury Results in Mistrial for Vioxx Lawsuits
A hung jury forced a mistrial in lawsuits by two men who blamed their heart attacks on Vioxx, the once-popular painkiller made by pharmaceutical company Merck.
Merck removed Vioxx from the market two years ago after its research showed the drug doubled the risk of he... |
c11228a380ac20a8625687c9db7ee13c | https://www.cnbc.com/2007/01/19/delta-to-discuss-us-airways-increased-bid-with-board.html | Delta to Discuss US Airways' Increased Bid with Board | Delta to Discuss US Airways' Increased Bid with Board
Delta Air Lines plans to discuss US Airways' increased bid to buy Delta with its board of directors soon, the company said Friday as it filed an amended reorganization plan that details how it would satisfy claims against its subsidiary, Comair.
Beyond that statemen... |
f6c83b0556b108efd67bb5c52e78e2cb | https://www.cnbc.com/2007/01/19/dollar-gives-back-earlier-gains-against-major-currencies.html | Dollar Gives Back Earlier Gains Against Major Currencies | Dollar Gives Back Earlier Gains Against Major Currencies
The dollar rose briefly against the major currencies after the Reuters/University of Michigan Surveys of Consumers preliminary reading for January beat forecasts, decreasing expectations for a cut in U.S. interest rates any time soon.
The report came in at 98, we... |
eb4580789192d642dbaa9391c62333a4 | https://www.cnbc.com/2007/01/19/fear-factors-vicks-ad-deals-saints-vs-bears.html | Fear Factors: Vick's Ad Deals, Saints Vs. Bears | Fear Factors: Vick's Ad Deals, Saints Vs. Bears
Bye, Bye Michael Vick
Michael VickAP
Michael Vick was -- for a short time -- the most marketable player in the NFL. His Falcons jerseys were being sold from Maine to San Francisco. His Nike commercials were water-cooler talk from Chicago to Dallas. Then came “Ron Mexico.”... |
24992cb0d26acbe68fe29a436217df65 | https://www.cnbc.com/2007/01/19/feds-hoenig-current-policy-will-curb-prices.html | Fed's Hoenig: Current Policy Will Curb Prices | Fed's Hoenig: Current Policy Will Curb Prices
Kansas City Federal Reserve Bank President Thomas Hoenig said on Friday that current interest rates should be able to brake inflation, in a sign that he will vote to keep policy on hold for the time being.
"Monetary policy from my perspective right now is modestly restricti... |
67bb95ee2103eaebb143148a084b2af0 | https://www.cnbc.com/2007/01/19/ge-to-buy-two-abbott-diagnostic-units-for-813-billion.html | GE to Buy Two Abbott Diagnostic Units For $8.13 Billion | GE to Buy Two Abbott Diagnostic Units For $8.13 Billion
General Electric agreed to buy two of Abbott's diagnostic businesses for $8.13 billion in cash, the companies announced.
GE , the parent of CNBC, will acquire Abbott's primary in-vitro diagnostics businesses and point-of-care diagnostics business. Abbott's molecu... |
81ab0609aafaed67b48c1d98e218e70c | https://www.cnbc.com/2007/01/19/ibm-profit-rises-on-software-services-but-shares-decline.html | IBM Profit Rises on Software, Services But Shares Decline | IBM Profit Rises on Software, Services But Shares Decline
IBM , the world's largest technology services company, said after markets closed Thursday that quarterly profit rose, helped by a string of software-company acquisitions and big services contracts.
IBM posted fourth-quarter earnings of $2.26 a share before speci... |
585fd924d058fb2f74f21067b6ffe3ee | https://www.cnbc.com/2007/01/19/ibm-stock-tumbles-as-results-disappoint-investors.html | IBM Stock Tumbles as Results Disappoint Investors | IBM Stock Tumbles as Results Disappoint Investors
IBM stock plunged after the company's quarterly earnings failed to beat some investors' forecasts and computer hardware sales lagged some targets.
The world's biggest computer-services company reported after the market close on Thursday a fourth-quarter profit before sp... |
76c3aaf30564d595c2dac9b123855597 | https://www.cnbc.com/2007/01/19/is-the-beltway-bashing-business-two-views.html | As the Democrats cement their control of the Legislative branch, their actions in the first 100 hours in power are being scrutinized by business watchers.
Scott Hodge, president of the Tax Foundation, feels “a bit of a chill” from what he’s seen so far. He told “Power Lunch” that he believes the Democrats are using tax... | |
ee4226f41900ad960fb44fdb47e65786 | https://www.cnbc.com/2007/01/19/morgan-stanley-unit-to-pay-66-billion-for-cnl-hotels.html | Morgan Stanley Unit to Pay $6.6 Billion for CNL Hotels | Morgan Stanley Unit to Pay $6.6 Billion for CNL Hotels
CNL Hotels & Resorts said on Friday that Morgan Stanley's real-estate unit will acquire the hotel real estate investment trust for about $6.6 billion, including debt.
Morgan Stanley Real Estate will pay $20.50 per share in cash for CNL, the trust said in a statemen... |
3e7a3dd522d4eefd676a5bbaa01a23b4 | https://www.cnbc.com/2007/01/19/motorola-quarterly-profit-skids-48-despite-record-sales.html | Motorola Quarterly Profit Skids 48% Despite Record Sales | Motorola Quarterly Profit Skids 48% Despite Record Sales
Motorola, Inc.
Motorola, the world's second-largest maker of cell phones, said its fourth-quarter profits fell 48% despite record sales as operating results stumbled during the key holiday selling season.
The earnings drop came two weeks after the Schaumburg, Il... |
1da002fbae80f611f9ecaf890b786e89 | https://www.cnbc.com/2007/01/19/motorola-to-cut-3500-jobs-after-posting-lower-profit.html | Motorola to Cut 3,500 Jobs After Posting Lower Profit | Motorola to Cut 3,500 Jobs After Posting Lower Profit
Motorola, Inc.
Motorola CEO Ed Zander said Friday the cell-phone maker will cut 3,500 jobs as it moves to improve operating costs after a worse-than-expected fourth quarter.
Zander, speaking to analysts at a meeting in New York, said the move will save Motorola abo... |
220916e4dbc784ece1d80f7f6f2a61fd | https://www.cnbc.com/2007/01/19/pfizer-expected-to-cut-staff-as-part-of-overhaul.html | Pfizer Expected to Cut Staff as Part of Overhaul | Pfizer Expected to Cut Staff as Part of Overhaul
Pfizer may announce $2 billion in cost cuts including plant closings and slashing up to 10% of the work force when new chairman and CEO Jeffrey Kindler announces his plan next week for a strategic overhaul of the world's largest drugmaker, analysts say.
They also want to... |
05e8a5a7aae4ae223021596ce184d186 | https://www.cnbc.com/2007/01/19/report-yukos-assets-valued-at-20-billion-ahead-of-bankruptcy-auction.html | Report: Yukos Assets Valued at $20 Billion Ahead of Bankruptcy Auction | Report: Yukos Assets Valued at $20 Billion Ahead of Bankruptcy Auction
Court-appointed evaluators have put a $20 billion (16 billion euros) price tag on the remaining assets of the bankrupt Yukos oil group that are to be liquidated, the Vedomosti daily reported Friday, after a politically charged government campaign br... |
7041d41a4aa77c6464c0b2bc93d3af08 | https://www.cnbc.com/2007/01/19/states-may-block-instore-banks-wsj.html | States May Block In-Store Banks: WSJ | States May Block In-Store Banks: WSJ
Several U.S. states are considering legislation that would block Wal-Mart and other retailers from opening company-owned bank branches within their borders, The Wall Street Journal reported.Wal-Mart led a strategic move for retailers to offer banking services back in 2005 when it a... |
275ab2aa9061b2224c5780e7bcd515a8 | https://www.cnbc.com/2007/01/19/stocks-finish-mixed-after-tough-week-for-techs.html | Stocks Finish Mixed After Tough Week for Techs | Stocks Finish Mixed After Tough Week for Techs
The Nasdaq snapped a three-day losing streak as bottom-feeding investors stepped into the market Friday, but the Dow closed lower, hampered by earnings news.
The blue chip Dow index closed down slightly, hobbled by a lukewarm reaction to earnings news from IBM and General ... |
5d5abb56cc9fcf06c93c730b7212f953 | https://www.cnbc.com/2007/01/19/vinci-shares-hit-record-high-after-french-billionaire-buys-stake.html | Vinci Shares Hit Record High After French Billionaire Buys Stake | Vinci Shares Hit Record High After French Billionaire Buys Stake
Shares in Vinci soared to a record high Friday after a holding controlled by French billionaire Francois Pinault said he had acquired a 5.1% stake in the world's largest construction company.
Vinci shares hit a high of 104.90 euros ($135.55) in early trad... |
0099c738b63c697d60a0c2febc5170ab | https://www.cnbc.com/2007/01/21/ge-must-restate-earnings-again-ft.html | GE Must Restate Earnings Again: FT | GE Must Restate Earnings Again: FT
General Electric has been forced to restate earnings for the second time in 18 months after US regulators objected to the way the conglomerate had accounted for complex derivatives instruments the Financial Times reports.
The decision by the Securities Exchange Commission will reduce ... |
3ebf570305a1610596819988228a5adb | https://www.cnbc.com/2007/01/21/golden-globe-wins-boost-box-office-take-for-smaller-films.html | Golden Globe Wins Boost Box Office Take for Smaller Films | Golden Globe Wins Boost Box Office Take for Smaller Films
The dance flick "Stomp the Yard" retained its top spot at the box office for a second week, but a handful of small films were boosted by their success at the Golden Globes.
The Fox Searchlight film "The Last King of Scotland" was the biggest beneficiary as the s... |
61cdd3c64276f38211e0a0925025c2d1 | https://www.cnbc.com/2007/01/21/market-outlook-earnings-will-take-center-stage-this-week.html | Market Outlook: Earnings Will Take Center Stage This Week | Market Outlook: Earnings Will Take Center Stage This Week
U.S. stock investors will be taking their cues this week from a barrage of earnings reports as well as from economic data on housing activity and sales of big-ticket items.
When it comes to deciphering earnings reports, "it's all about the outlook," said John Bu... |
f3e8f41c744a61e104ac32b8e75cfa12 | https://www.cnbc.com/2007/01/21/sun-rises-on-january-tech-fun.html | Sun Rises on January Tech Fun | Sun Rises on January Tech Fun
January has proven to be quite the busy month. We went from the Consumer Electronics Show, to Macworld, and then right into earnings season.
And while there have been few tech surprises so far, this week promises to be filled with major headlines.
On Monday, I fully expect Sun Microsystems... |
974cb5c04f1ea05ec2aa822fe73c6c5f | https://www.cnbc.com/2007/01/21/tribune-reviews-bids-but-considers-all-alternatives.html | Tribune Reviews Bids But 'Considers All Alternatives' | Tribune Reviews Bids But 'Considers All Alternatives'
Newspaper publisher and broadcaster Tribune confirmed it was reviewing offers from third parties, but added it was also looking at actions the company could take alone.
"Assisted by our outside legal and financial advisors, we are carefully considering all alternati... |
2618b24c2809245328e9cdf173c8c45c | https://www.cnbc.com/2007/01/21/us-gasoline-prices-drop-by-about-14-cents.html | U.S. Gasoline Prices Drop by About 14 Cents | U.S. Gasoline Prices Drop by About 14 Cents
The average retail price of gasoline in the U.S. dropped nearly 14 cents over the past two weeks, mirroring a drop in crude oil prices.
The national average for self-serve regular was $2.18 a gallon, industry analyst Trilby Lundberg said Sunday.
The average for midgrade was $... |
94c2f911bb749a8a7fbb29e6c519112c | https://www.cnbc.com/2007/01/22/american-express-profit-up-24-meets-forecasts.html | American Express Profit Up 24%, Meets Forecasts | American Express Profit Up 24%, Meets Forecasts
American Express said stronger holiday shopping and a reduction in bankruptcy write-offs helped lift fourth-quarter profit by 24%, though it reported revenue below analysts' projections.
The New York-based financial and travel services company said net income increased to... |
934e16473967ab7e8f839a0b7cc6df0a | https://www.cnbc.com/2007/01/22/ba-seeks-arbitration-in-cabin-crew-dispute.html | BA Seeks Arbitration in Cabin Crew Dispute | BA Seeks Arbitration in Cabin Crew Dispute
British Airways said on Monday it had asked conciliation service ACAS to help resolve a dispute with cabin crew, who are planning a three-day strike over new pension plans and working conditions.
Members of the Transport and General Workers' Union (T&G) plan to walk out on Jan... |
28724b905aad6163e740cbfa30d87638 | https://www.cnbc.com/2007/01/22/chicago-fed-national-activity-index-rises-reversing-3month-trend.html | Chicago Fed National Activity Index Rises, Reversing 3-Month Trend | Chicago Fed National Activity Index Rises, Reversing 3-Month Trend
The Federal Reserve Bank of Chicago said its national activity index turned higher in December after three months in negative territory, boosted by production-related indicators.
The Chicago Fed National Activity Index came in at +0.04 in December again... |
a8f59168794887738c8b6ed287683178 | https://www.cnbc.com/2007/01/22/citigroup-to-buy-abn-amro-mortgage-group.html | Citigroup to Buy ABN AMRO Mortgage Group | Citigroup to Buy ABN AMRO Mortgage Group
Citigroup said on Monday that it will buy ABN AMRO Mortgage Group, an originator and servicer of U.S. prime residential mortgage loans.
Citigroup said it will buy about $9 billion in net assets and ABN AMRO's approximately $224 billion mortgage-servicing portfolio.
ABN said it e... |
01fb20be253c1d5004c3cb6ba4eca0b6 | https://www.cnbc.com/2007/01/22/corporations-business-groups-push-bush-on-climate-change.html | Corporations, Business Groups Push Bush on Climate Change | Corporations, Business Groups Push Bush on Climate Change
The chief executives of 10 major corporations and business groups, on the eve of the State of the Union address, urged President Bush to support mandatory reductions in climate-changing pollution and establish reductions targets.
"We can and must take prompt act... |
abfb5f5ed8498367bd03ccfad50053b9 | https://www.cnbc.com/2007/01/22/eaton-profit-improves-15-but-company-sees-flat-2007-sales.html | Eaton Profit Improves 15%, But Company Sees Flat 2007 Sales | Eaton Profit Improves 15%, But Company Sees Flat 2007 Sales
Eaton Corp. posted an increase in quarterly profit on strong demand in its electrical business, but the results disappointed investors and the diversified manufacturer forecast flat 2007 sales, sending its shares lower.
Eaton said it expects the markets it ser... |
c1e8d6a8426c039d24cd3df606b053b9 | https://www.cnbc.com/2007/01/22/equity-office-to-meet-with-vornado-investor-group.html | Equity Office to Meet With Vornado Investor Group | Equity Office to Meet With Vornado Investor Group
Equity Office Properties Trust, which agreed to be bought by Blackstone Group in November, said on Monday its board agreed to meet with a Vornado Realty Trust investor group that submitted a rival bid last week and give them information.
Equity Office, the top U.S. offi... |
364d251e569e2e79e462736e869af837 | https://www.cnbc.com/2007/01/22/european-online-gaming-shares-decline.html | European Online Gaming Shares Decline | European Online Gaming Shares Decline
Shares in European online gaming companies fell as much as 14% Monday on news that U.S. prosecutors had launched a probe into Internet gambling.
The U.S. Department of Justice has sent subpoenas to about 15 investment banks across Europe and in the United States, requesting informa... |
9bd4a3c85474a904e7fa4cada2d79210 | https://www.cnbc.com/2007/01/22/german-banks-plan-to-participate-in-eads-investor-consortium.html | German Banks Plan to Participate in EADS Investor Consortium | German Banks Plan to Participate in EADS Investor Consortium
Two state-owned banks will participate in a consortium that plans to buy a 7.5% stake in EADS, the parent company of aircraft maker Airbus, from DaimlerChrysler AG, an official said Monday.
The governor of the southwestern state of Baden-Wuerttemberg, Guenthe... |
cbe148f49777aba33a369beba78c02cd | https://www.cnbc.com/2007/01/22/ghosns-done-looking-for-a-dance-partner.html | Ghosn's Done Looking For A Dance Partner | Ghosn's Done Looking For A Dance Partner
The news from Renault Nissan CEO Carlos Ghosn out of Eastern Europe today -- that his company is no longer seeking a third auto company for an alliance -- should send a clear message: automakers are not yet ready to consolidate.
Remember last summer, when the GM and Renault Niss... |
15d98b8fb343da7e7aa939070475ec62 | https://www.cnbc.com/2007/01/22/grasso-may-be-ready-to-settle-suit-over-pay-package-cnbcs-gasparino.html | Grasso May Be Ready to Settle Suit Over Pay Package: CNBC's Gasparino | Grasso May Be Ready to Settle Suit Over Pay Package: CNBC's Gasparino
Former New York Stock Exchange Chairman Richard Grasso may finally be ready to settle the civil lawsuit over his $140 million pay package, CNBC's Charlie Gasparino has learned.
After resisting attempts to settle the suit, Gasso has allowed friends to... |
01d91772f9be981f26045ac28a6e4bec | https://www.cnbc.com/2007/01/22/homebuilders-see-18-billion-in-writedowns-as-housing-market-softens.html | Homebuilders See $1.8 Billion in Write-downs As Housing Market Softens | Homebuilders See $1.8 Billion in Write-downs As Housing Market Softens
Large homebuilders are taking big write-downs on undeveloped land as the housing market continues to soften, CNBC's Diana Olick reported.
Indeed, losses from land they either don't want, can't use or had to revalue totaled about $1.8 billion thus fa... |
ef9fb2bad4bc0e2bed3875e1c91f0108 | https://www.cnbc.com/2007/01/22/mike-ditka-predicts-da-super-bowl.html | Mike Ditka
Hillary who? Let’s be honest - this weekend's news was all about football. The Indianapolis Colts pulled off a stunning win against the New England Patriots to clinch the AFC title and the Chicago Bears beat the New Orleans Saints 39-14 to win the NFC title. The Bears will go to their first Super Bowl since ... | |
ca0bae5d03d2c7c82011f865d85ee706 | https://www.cnbc.com/2007/01/22/pearson-expects-earnings-at-top-end-of-forecasts.html | Pearson Expects Earnings at Top End of Forecasts | Pearson Expects Earnings at Top End of Forecasts
Pearson, the world's biggest publisher of educational materials, said on Monday it expects to post earnings per share at the top end of current market expectations due to strong fourth-quarter trading.
The London-based company said its education arm saw good revenue mome... |
fdcf5089f28a1212711687b90412c8f1 | https://www.cnbc.com/2007/01/22/pfizer-to-slash-10000-jobs-in-costcutting-move.html | Pfizer to Slash 10,000 Jobs in Cost-Cutting Move | Pfizer to Slash 10,000 Jobs in Cost-Cutting Move
Pfizer said it will cut 10,000 jobs, or about 10% of its global workforce, in an effort to reduce costs by between $1.5 billion and $2 billion by the end of 2008.
In addition, the company said it will close three research sites in Michigan and two manufacturing plants in... |
bc0e2bf05e358b75bfcba1217ad8894d | https://www.cnbc.com/2007/01/22/philips-beats-estimates-raises-dividend-to-match-peers.html | Philips Beats Estimates, Raises Dividend to Match Peers | Philips Beats Estimates, Raises Dividend to Match Peers
Dutch group Philips Electronics beat analysts forecasts with a fourth-quarter net profit that was powered by one-off gains, and raised its 2006 dividend by 36% to 0.60 euros per share.
Philips's net profit came in at 680 million euros ($881.3 million), compared wi... |
8b26a98acb0ae56d25a412fda8e36456 | https://www.cnbc.com/2007/01/22/swift-founder-to-buy-trucking-firm-for-274-billion.html | Swift Founder to Buy Trucking Firm For $2.74 Billion | Swift Founder to Buy Trucking Firm For $2.74 Billion
The founder of Swift Transportationplans to buy the company for $2.74 billion, regaining control of the third-largest trucking company in the nation.
Jerry Moyes, who founded Phoenix-based Swift more than 40 years ago with his father and brother, said he reached a de... |
b75f5acdb67046fdd85fbf27d53c8473 | https://www.cnbc.com/2007/01/22/texas-instruments-profit-rises-2-surpassing-estimates.html | Texas Instruments Profit Rises 2%, Surpassing Estimates | Texas Instruments Profit Rises 2%, Surpassing Estimates
Texas Instruments saw its quarterly profit rise from a year ago and beat forecasts, largely due to a tax credit.
But its current-quarter forecast disappointed as the company said growth was skewed toward low-priced phones.
TI, which makes chips for everything from... |
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