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368a38da85a8ee1c1af68660fef1f233
https://www.cnbc.com/2007/01/22/vioxx-plaintiff-drops-suit-merck-says.html
Vioxx Plaintiff Drops Suit, Merck Says
Vioxx Plaintiff Drops Suit, Merck Says Merck said a plaintiff who alleged the drugmaker's Vioxx painkiller caused her husband's heart attack and death dropped her lawsuit five weeks before the trial was to start. The company said the suit would have been the first Vioxx case to go to trial in Philadelphia. Merck faces...
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https://www.cnbc.com/2007/01/23/alcatellucent-shares-drop-after-warning.html
Alcatel-Lucent Shares Drop After Warning
Alcatel-Lucent Shares Drop After Warning Shares in Alcatel-Lucent slumped Tuesday after the telecommunications giant warned that a weak performance in the fourth quarter will lead to full-year 2006 revenue coming in at a level similar to its 2005 performance. The share price in the company, a recent merger between Luce...
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https://www.cnbc.com/2007/01/23/amd-reports-loss-lowers-revenue-guidance.html
AMD Reports Loss, Lowers Revenue Guidance
AMD Reports Loss, Lowers Revenue Guidance Advanced Micro Devices posted a quarterly loss on Tuesday as the supplier of microprocessors felt pressure from a price war with Inteland booked costs from its $5.4 billion purchase of graphics chip maker ATI. AMD posted a fourth-quarter loss of $1.08 a share. Excluding charges...
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https://www.cnbc.com/2007/01/23/australia-inflation-slows-curbs-rate-risks.html
Australia Inflation Slows, Curbs Rate Risks
Australia Inflation Slows, Curbs Rate Risks Australia's underlying inflation rate slowed by more than expected in the fourth quarter while consumer prices fell for the first time in eight years, greatly lessening the risks of another rise in interest rates. The Australian dollar slid three-quarters of a U.S. cent while...
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https://www.cnbc.com/2007/01/23/bush-health-plan-taxing-patients-to-better-care.html
AP President George Bush gives his State of The Union speech tonight and he's expected to focus a lot of what he says on domestic policy. One key element is a new health care plan aimed at expanding coverage through tax credits. The idea is to make health care a "free market good." And the costs?--well that comes from ...
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https://www.cnbc.com/2007/01/23/coach-earns-61-cents-a-share-topping-views-raises-forecast.html
Coach Earns 61 Cents a Share, Topping Views; Raises Forecast
Coach Earns 61 Cents a Share, Topping Views; Raises Forecast Coach reported better-than-expected quarterly earnings on Tuesday, helped by strong full-priced sales of its handbags during the holiday season, and raised its full-year earnings and sales outlook. Net income for the fiscal second quarter that ended Dec. 30, ...
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https://www.cnbc.com/2007/01/23/disney-not-interested-in-endemol-stake.html
Disney Not Interested in Endemol Stake
Disney Not Interested in Endemol Stake Walt Disney is not interested in buying Telefonica's 75% stake in TV producer Endemol, a source close to the company said on Tuesday. "We are not interested in it," said the source. Disney was touted on Monday as possibly being interested with Endemol co-founder John de Mol in fo...
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https://www.cnbc.com/2007/01/23/dollar-near-14year-low-against-sterling-investors-seek-higher-rates.html
Dollar Near 14-Year Low Against Sterling; Investors Seek Higher Rates
Dollar Near 14-Year Low Against Sterling; Investors Seek Higher Rates The dollar fell against the euro and sank to a 14-year low versus sterling as strong economic data and hawkish comments by central bankers suggested interest rates will continue to rise in Europe. The euro climbed to a record high versus the low-yiel...
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https://www.cnbc.com/2007/01/23/dow-opens-higher-energy-stocks-move-up.html
Dow Opens Higher, Energy Stocks Move Up
Dow Opens Higher, Energy Stocks Move Up Stocks opened initially higher as strong earnings reports from United Technologies helped boost the Dow. Energy stocks were the biggest gainers, up 1.2 percent in early trading. DuPont and United Technologies were actively traded as both met or exceeded analysts' earnings estimat...
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https://www.cnbc.com/2007/01/23/dr-horton-earnings-slide-65-on-charges.html
D.R. Horton Earnings Slide 65% on Charges
D.R. Horton Earnings Slide 65% on Charges D.R. Horton, the largest U.S. home builder, said quarterly profit fell sharply, due in part to lower land values, but results beat the average Wall Street forecast. Fort Worth, Texas-based D.R. Horton said earnings in the fiscal first quarter ended Dec. 31 fell 65% to $109.7 mi...
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https://www.cnbc.com/2007/01/23/dreamgirls-leads-oscar-nods-with-8-nominations.html
Dreamgirls Leads Oscar Nods With 8 Nominations
Dreamgirls Leads Oscar Nods With 8 Nominations The peppy muscial "Dreamgirls," which was inspired by Motown group the Supremes, scored a leading eight Oscar nominations, but was suprisingly omitted from the coveted best picture and directing categories, organizers said. "Babel," a bold examination of the woes afflictin...
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https://www.cnbc.com/2007/01/23/emc-profit-more-than-doubles-on-tax-gain-higher-sales.html
EMC Profit More Than Doubles On Tax Gain, Higher Sales
EMC Profit More Than Doubles On Tax Gain, Higher Sales EMC, the world's largest maker of data storage gear, said on Tuesday its quarterly profit more than doubled, boosted by a tax gain and higher software and systems sales. EMC said its fourth-quarter net income climbed to $389 million, or 18 cents per share, from $14...
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https://www.cnbc.com/2007/01/23/fda-scrutinizes-birth-control-drugs.html
FDA Scrutinizes Birth Control Drugs
FDA Scrutinizes Birth Control Drugs The government is considering setting higher standards for birth control drugs used by millions, saying that newer pills appear to be less effective at preventing pregnancy than those approved decades ago. The Food and Drug Administration will ask a panel of experts Tuesday and Wedne...
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https://www.cnbc.com/2007/01/23/gap-president-ceo-paul-pressler-steps-down.html
Gap President, CEO Paul Pressler Steps Down
Gap President, CEO Paul Pressler Steps Down Gap said Monday that its president and chief executive officer, Paul Pressler, will step down from his post and the board effective immediately. Robert J. Fisher, the company's current non-executive chairman of the board, will also serve as president and chief executive offi...
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https://www.cnbc.com/2007/01/23/illinois-makes-a-bet-by-outsourcing-state-lottery.html
Street Signs
Street Signs The state of Illinois is getting ready to take a big gamble on outsourcing its lottery operations in what would be the largest privatization in the U.S. of a state-run program. The lottery in that state has generated about $13 billion for Illinois public schools since its inception in 1974. But if it were ...
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https://www.cnbc.com/2007/01/23/kraft-sells-cream-of-wheat-to-bg-foods-in-200-million-deal.html
Kraft Sells Cream of Wheat to B&G Foods in $200 Million Deal
Kraft Sells Cream of Wheat to B&G Foods in $200 Million Deal Kraft Foods Inc on Tuesday said it has agreed to sell 114-year-old hot cereal brand Cream of Wheat to B&G Foods Inc. in a $200 million deal. The move is the latest divestiture by the largest North American food maker as it looks to focus resources on produc...
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https://www.cnbc.com/2007/01/23/lg-electronics-posts-85-drop-in-quarterly-profit.html
LG Electronics Posts 85% Drop in Quarterly Profit
LG Electronics Posts 85% Drop in Quarterly Profit LG Electronics on Tuesday reported a surprise fourth-quarter operating loss and an 85% slump in net profit for the period, hit by dismal results in its flat-screen operations. Analysts are bearish about the current quarter, as weak seasonal demand will further hurt the ...
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https://www.cnbc.com/2007/01/23/lockheed-boeing-to-study-methods-for-faa-to-manage-air-traffic.html
Lockheed, Boeing to Study Methods for FAA to Manage Air Traffic
Lockheed, Boeing to Study Methods for FAA to Manage Air Traffic High-tech military contractor Lockheed Martin and aircraft manufacturer Boeing say they plan to work together to advance the nation's air traffic control system. The companies said Monday they want to help the Federal Aviation Administration create a nex...
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https://www.cnbc.com/2007/01/23/national-city-falls-short-of-quarterly-expectations.html
National City Falls Short of Quarterly Expectations
National City Falls Short of Quarterly Expectations National City on Tuesday reported a sharp rise in fourth-quarter net income from the same quarter a year ago due to the sale of its subprime lending unit. But excluding one-time items the profit missed analysts' expectations. National City earned $842 million, or $1.3...
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https://www.cnbc.com/2007/01/23/nintendo-wii-to-become-official-game-console-of-six-flags.html
Nintendo Wii to Become Official Game Console of Six Flags
Nintendo Wii to Become Official Game Console of Six Flags Amusement park operator Six Flags said it had entered into a sponsorship and marketing agreement with Nintendo. Under the agreement, Nintendo's Wii video game system will become the official gaming console of Six Flags parks. Six Flags will also offer complimen...
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https://www.cnbc.com/2007/01/23/oil-spikes-on-us-plan-to-double-strategic-reserves.html
Oil Spikes on U.S. Plan to Double Strategic Reserves
Oil Spikes on U.S. Plan to Double Strategic Reserves Oil extended today's rally after the White House said President Bush will seek a doubling of the Strategic Petroleum Reserve to 1.5 billion barrels in tonight's State of the Union address. Energy Secretary Sam Bodman said the government will start buying oil for the ...
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https://www.cnbc.com/2007/01/23/poll-sees-gdp-growth-at-25-in-2007-30-in-2008.html
Poll Sees GDP Growth At 2.5% In 2007, 3.0% In 2008
Poll Sees GDP Growth At 2.5% In 2007, 3.0% In 2008 The U.S. economy will easily skirt recession this year as consumer spending remains sufficiently sturdy to offset the effects of a housing downturn, a Reuters poll showed on Tuesday. This resilience may even allow the Federal Reserve to leave interest rates unchanged t...
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https://www.cnbc.com/2007/01/23/shell-canada-agrees-to-sweetened-shell-bid.html
Shell Canada Agrees to Sweetened Shell Bid
Shell Canada Agrees to Sweetened Shell Bid Royal Dutch Shell said on Tuesday Shell Canada Limited had recommended a sweetened deal worth C$8.7 billion ($7.4 billion) for the remaining 22% of shares it does not own. Oil major Shell said it had increased the offer to C$45 in cash for each Shell Canada share, having previ...
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https://www.cnbc.com/2007/01/23/south-korean-banks-fourthquarter-profits-fall-by-a-third.html
South Korean Banks' Fourth-Quarter Profits Fall By a Third
South Korean Banks' Fourth-Quarter Profits Fall By a Third Profits at South Korean banks, led by leader Kookmin Bank, fell by a third in the fourth quarter, dented by tightened provisioning rules against bad loans, a regulatory official said on Tuesday. The combined net profit at 18 local banks came to 2.01 trillion wo...
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https://www.cnbc.com/2007/01/23/state-of-the-union-preview-cut-gas-use-increase-oil-reserves.html
State of the Union Preview: Cut Gas Use, Increase Oil Reserves
State of the Union Preview: Cut Gas Use, Increase Oil Reserves In his first State of the Union address to a Democratic-controlled Congress, President Bush will urge that gasoline consumption be slashed by 20%, the White House said, and try to dissuade lawmakers ready to resist his Iraq war build up. Bush will say that ...
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https://www.cnbc.com/2007/01/23/stocks-finish-higher-amid-earnings-flurry-rising-oil.html
Stocks Finish Higher Amid Earnings Flurry, Rising Oil
Stocks Finish Higher Amid Earnings Flurry, Rising Oil Stocks ended the day higher as investors evaluated a mixed batch of quarterly earnings reports and energy stocks moved higher on a spike in oil prices. The Dow Jones Industrial Average and the S&P 500 all closed higher but an afternoon pullback in the Nasdaq kept th...
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https://www.cnbc.com/2007/01/23/united-technologies-tops-profit-sales-targets.html
United Technologies Tops Profit, Sales Targets
United Technologies Tops Profit, Sales Targets Boosted by strong demand from the aerospace and commercial construction sectors, diversified manufacturer United Technologies reported profit that topped Wall Street's expectations. The company, which makes products ranging from Pratt & Whitney jet engines to Otis elevator...
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https://www.cnbc.com/2007/01/23/us-airways-chief-exec-willing-to-talk-on-delta.html
U.S. Airways Chief Exec 'Willing to Talk" on Delta
U.S. Airways Chief Exec 'Willing to Talk" on Delta US Airways Group Chief Executive Doug Parker was noncommittal Tuesday on whether his company would be willing to increase its bid to buy Delta Air Lines even further to appease Delta's creditors. "It's not a yes," Parker said when asked by The Associated Press if the T...
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https://www.cnbc.com/2007/01/23/us-december-leading-economic-indicators-up-03-as-expected.html
U.S. December Leading Economic Indicators Up 0.3%, As Expected
U.S. December Leading Economic Indicators Up 0.3%, As Expected An indicator of future economic activity rose slightly in December, its fastest pace since September, the Conference Board said. However, a regional gauge of manufacturing activity from the Federal Reserve Bank in Richmond, registered its weakest level sinc...
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https://www.cnbc.com/2007/01/23/wachovia-earns-119-a-share-in-fourth-quarter.html
Wachovia Earns $1.19 a Share in Fourth Quarter
Wachovia Earns $1.19 a Share in Fourth Quarter Wachovia on Tuesday reported a rise in fourth-quarter net income from the year-ago period and a sharp jump in sales, boosted by its acquisition of Golden West Financial. VIDEO0:0000:00Earnings Central: Banks Wachovia said it earned $2.3 billion, or $1.20 per share, in the...
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https://www.cnbc.com/2007/01/23/welcome-to-heard-in-davos-wef-07-anticipated.html
Welcome to Heard In Davos: WEF '07 Anticipated
Welcome to Heard In Davos: WEF '07 Anticipated AP I got the e-mail from my Head of News here at CNBC Europe about two months ago telling me I was on the team to go and cover the World Economic Forum meeting in Davos for the the second time. Last year was my first but this time I am a little more prepared as to what to ...
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https://www.cnbc.com/2007/01/23/why-investors-are-nervous-even-when-profits-are-good.html
Why Investors Are Nervous Even When Profits Are Good
Why Investors Are Nervous Even When Profits Are Good Corporate profits have been relatively healthy so far this earnings season. So why are investors so skittish? It's the weak outlook that companies are giving--particularly among techs--that's putting shareholders in the selling mood. “The estimates for the first quar...
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https://www.cnbc.com/2007/01/23/xerox-earnings-down-but-outpace-analyst-views-by-penny.html
Xerox Earnings Down, But Outpace Analyst Views By Penny
Xerox Earnings Down, But Outpace Analyst Views By Penny Xerox , a maker of document equipment and software, posted lower quarterly net income, hurt by restructuring costs, but sales of its digital color systems improved.The company, whose growth is driven by high-end printing and document-management services, said net ...
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https://www.cnbc.com/2007/01/24/abbott-laboratories-earns-75-cents-a-share-excluding-items.html
Abbott Laboratories Earns 75 Cents a Share, Excluding Items
Abbott Laboratories Earns 75 Cents a Share, Excluding Items Drug and medical device maker Abbott Laboratories posted a big fourth-quarter loss due to a charge related to its $3.7 billion purchase of Kos Pharmaceuticals, offsetting stellar sales growth of its medical devices and drugs. The suburban Chicago-based compan...
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https://www.cnbc.com/2007/01/24/atts-cingular-earnings-nearly-quadruple.html
AT&T's Cingular Earnings Nearly Quadruple
AT&T's Cingular Earnings Nearly Quadruple Cingular Wireless, the nation's largest cell phone provider, said its fourth-quarter profit nearly quadrupled, boosted by customer growth during the winter holiday quarter. Cingular, which is now fully-owned by AT&T, said it earned $782 million during the fourth quarter, compar...
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https://www.cnbc.com/2007/01/24/bartiromo-in-davos-coke-ceo-drinks-in-global-growth.html
Coca-Cola may be the best known and widely sold commercial brand in the world. So when the company CEO speaks--a lot of people listen. CNBC’s Maria Bartiromo conducted a rare interview with Coke CEO E. Neville Isdell at the World Economic Forum in Davos, Switzerland. Bartiromo asked Isdell a range of questions ranging ...
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https://www.cnbc.com/2007/01/24/brand-bonanza-at-davos.html
Brand Bonanza At Davos
Brand Bonanza At Davos The world’s most popular brand is putting its muscle behind another, though lesser-known, global brand, the World Economic Forum. Google CEO Eric Schmidt is co-chair of WEF’s annual meeting in Davos this week, along with other top executives that wield global brand power, namely Coca-Cola’s E. Ne...
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https://www.cnbc.com/2007/01/24/bt-ceo-focuses-on-climate-change.html
BT CEO Focuses on Climate Change
BT CEO Focuses on Climate Change An effective solution to climate control problems requires cooperation between government, businesses and consumers, BT CEO Ben Verwaayen told "Squawk Box Exchange" Wednesday. VIDEO5:1605:16Responsible Business "Governments can do regulation and taxation, consumers can change their beha...
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https://www.cnbc.com/2007/01/24/bush-health-plan-if-youre-sick-it-doesnt-help.html
Street Signs
Street Signs The American middle class is under fire according to many Democrats and they say it's getting worse. As we noted earlier, Sen. Jim Webb (D-VA) said as much in his response to the president's State of the Union speech last night--when Webb said there are "two different countries" when it comes to getting be...
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https://www.cnbc.com/2007/01/24/business-nation-tonights-premier-on-cnbc.html
Sometimes there are stories that are just too important and complex for a 3-5 minute spot on regular television. So, CNBC-TV has come up with what we think is an exciting solution to the problem--with the premier tonight of "Business Nation"--the first ever newsmagazine show that focuses entirely on business. "Business...
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https://www.cnbc.com/2007/01/24/chinas-economy-grows-at-fastest-pace-in-11-years.html
China's Economy Grows at Fastest Pace in 11 Years
China's Economy Grows at Fastest Pace in 11 Years China's economy grew 10.7% in 2006, the fastest rate since 1995, as investment and exports powered ahead despite a raft of government curbs to keep the pace of expansion in check. The world's fourth-largest economy has now grown at double-digit rates for four years in a...
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https://www.cnbc.com/2007/01/24/congressional-budget-office-sees-mild-homebuilding-rebound.html
Congressional Budget Office Sees 'Mild' Homebuilding Rebound
Congressional Budget Office Sees 'Mild' Homebuilding Rebound The U.S. Congressional Budget Office said it expects stabilizing home prices and a modest turnaround in homebuilding during the second half of 2007. Congress' budget analysis unit said its short-term forecast assumes real residential investment will continue ...
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https://www.cnbc.com/2007/01/24/conocophillips-profits-fall-13-hurt-by-charges-lower-gas-prices.html
ConocoPhillips Profits Fall 13%; Hurt By Charges, Lower Gas Prices
ConocoPhillips Profits Fall 13%; Hurt By Charges, Lower Gas Prices ConocoPhillips , the third largest U.S. oil company, said on Wednesday fourth-quarter earnings fell 13% on lower natural gas prices and shrinking gasoline margins, but beat recently reduced Wall Street expectations. The Houston-based company also said i...
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https://www.cnbc.com/2007/01/24/davos-kicks-off-with-environmental-focus-unexpected-snow.html
Davos Kicks Off with Environmental Focus, Unexpected Snow
Davos Kicks Off with Environmental Focus, Unexpected Snow VIDEO4:3504:35What is Davos? Davos 2007 has kicked off under the official title of "The Shifting Power Equation," but for this reporter is might as well be known as WEF 07 'Teaching an Old Dog New Tricks."Let me explain what I mean. Outside broadcasts are all ab...
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https://www.cnbc.com/2007/01/24/delta-ceo-tells-cnbc-proposed-us-airways-merger-is-flawed.html
Delta CEO Tells CNBC Proposed US Airways Merger Is Flawed
Delta CEO Tells CNBC Proposed US Airways Merger Is Flawed Delta Air Lines would not consider a takeover offer from US Airways as it's currently structured, Delta Chief Executive Officer Gerald Grinstein told CNBC Wednesday. "The problem is not the price," Grinstein said of the proposed $10.5 billion deal. "The problem ...
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https://www.cnbc.com/2007/01/24/dollar-drops-on-calls-for-a-stronger-yen.html
Dollar Drops on Calls for a Stronger Yen
Dollar Drops on Calls for a Stronger Yen The dollar and euro fell against the yen on news that European finance ministers will push for a more forceful message at next's month G7 meeting on the need for a stronger Japanese currency. Euro zone finance ministers on Monday will draft the European position for the meeting ...
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https://www.cnbc.com/2007/01/24/dow-eclipses-alltime-high-as-tech-telecom-bounce.html
Dow Eclipses All-Time High As Tech, Telecom Bounce
Dow Eclipses All-Time High As Tech, Telecom Bounce It was a record day for stocks as every sector finished the day in  positive territory. The Dow Jones Industrial Average closed at an all-time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. "The market just seems to be shrugging off any bad ...
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https://www.cnbc.com/2007/01/24/goldman-morgan-stanley-seek-dominion-deal-source-says.html
Goldman, Morgan Stanley Seek Dominion Deal, Source Says
Goldman, Morgan Stanley Seek Dominion Deal, Source Says Investment units of MorganStanley and Goldman Sachs Groupare working with a number of private equity firms on a possible bid for the oil and gas assets of utility company Dominion Resources, according to a source familiar with the situation. The plan involves priv...
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https://www.cnbc.com/2007/01/24/growing-pains-for-ethanol.html
Growing Pains For Ethanol
Growing Pains For Ethanol The U.S. government has mandated the use of ethanol in gasoline for nearly 30 years, creating what seems like a winning business plan for producers. But extensive use of ethanol makes economic sense only if oil prices remain high, and the price of a barrel of crude on the New York Mercantile E...
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https://www.cnbc.com/2007/01/24/lebron-microsoft-and-lots-more.html
Lebron & Microsoft and lots more
Lebron & Microsoft and lots more So we wake up Wednesday morning to the confirmation from Microsoft that it will use LeBron James to promote its new operating system Vista, which is coming out on Monday. We don’t believe that’s really the story. Why? Because the endorsement model doesn’t work with operating systems. It...
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https://www.cnbc.com/2007/01/24/lowes-to-open-several-stores-in-mexico-in-2009.html
Lowe's to Open Several Stores in Mexico in 2009
Lowe's to Open Several Stores in Mexico in 2009 Home improvement retailer Lowe's said Wednesday it will open three to five stores in Monterrey, Mexico in 2009, representing an investment of $18 million to $20 million per store. Lowe's said the stores will create up to 800 jobs in the area. The company has established ...
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https://www.cnbc.com/2007/01/24/news-corp-joins-chandlers-bid-for-tribune.html
News Corp. Joins Chandlers' Bid for Tribune
News Corp. Joins Chandlers' Bid for Tribune Rupert Murdoch's News Corp. has joined the Chandler family in its bid to buy newspaper and television station owner Tribune , a source familiar with the matter said on Tuesday. The source said its participation is considered small and Murdoch chiefly aims to cut printing and ...
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https://www.cnbc.com/2007/01/24/oscar-nominations-why-dreamgirls-missed-best-picture.html
Oscar Nominations: Why "Dreamgirls" Missed Best Picture
Oscar Nominations: Why "Dreamgirls" Missed Best Picture I was up bright and early yesterday morning reporting on the . It was a madhouse, with some 240 reporters there to capture Selma Hayek's announcement. Everyone's up in arms about why Paramount/Dreamworks' "Dreamgirls" didn't get a Best Picture nomination. No, it's...
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https://www.cnbc.com/2007/01/24/punch-and-wetherspoon-report-steady-xmas-at-pubs.html
Punch and Wetherspoon Report Steady Xmas at Pubs
Punch and Wetherspoon Report Steady Xmas at Pubs British pub groups JD Wetherspoon and Punch Taverns reported steady Christmas trading on Wednesday as they gear up for a national smoking ban in July. Wetherspoon said the 61 pubs in England and Wales in which it has already banned smoking continued to improve sales, whi...
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https://www.cnbc.com/2007/01/24/push-for-biofuels-presents-its-own-problems-cnbcs-olick.html
Push for Biofuels Presents Its Own Problems: CNBC's Olick
Push for Biofuels Presents Its Own Problems: CNBC's Olick President Bush signed an executive order Wednesday morning directing government agencies to increase the use of alternate fuels. But as CNBC's Diane Olick reports, the push for biofuels like ethanol will present its own problems. The president himself admitted a...
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https://www.cnbc.com/2007/01/24/qualcomm-narrowly-beats-earnings-forecast.html
Qualcomm Narrowly Beats Earnings Forecast
Qualcomm Narrowly Beats Earnings Forecast Qualcomm reported earnings of 43 cents a share, just above analysts' estimates, but results were mixed as quarterly sales came in at $2.02 billion, below forecasts. The San Diego-based wireless equipment maker was expected to post earnings of 42 cents a share on sales of $2.07 ...
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https://www.cnbc.com/2007/01/24/renishaw-shares-dive-after-warning-on-year-profit.html
Renishaw Shares Dive After Warning on Year Profit
Renishaw Shares Dive After Warning on Year Profit British engineer Renishaw missed forecasts with a 12% fall in first-half profit and said on Wednesday weak demand and the strong pound would hit annual profit, sending its shares to a six-month low. "The adverse effects of currency exchange rates, together with the soft...
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https://www.cnbc.com/2007/01/24/sap-tops-profit-target-expects-drop-in-margin.html
SAP Tops Profit Target, Expects Drop in Margin
SAP Tops Profit Target, Expects Drop in Margin German business software maker SAP reported fourth-quarter profit and revenues that beat the market's expectations Wednesday. The company also predicted a rise in software revenues this year, but said margins would fall. SAP reported fourth quarter net income of 799 milli...
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https://www.cnbc.com/2007/01/24/scania-gets-british-order-for-500-trucks.html
Scania Gets British Order for 500 Trucks
Scania Gets British Order for 500 Trucks Swedish truckmaker Scania said Wednesday it won an order for 500 trucks from British trucking company Eddie Stobart. Financial details were not disclosed. Scania said deliveries will begin in March. Scania has been embroiled in a fight to stave off a hostile takeover attempt by ...
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https://www.cnbc.com/2007/01/24/siemens-nears-deal-to-buy-ugs-for-35-billion-reuters.html
Siemens Nears Deal to Buy UGS for $3.5 Billion: Reuters
Siemens Nears Deal to Buy UGS for $3.5 Billion: Reuters Siemens is close to a deal to buy business software maker UGS for about $3.5 billion, including debt, two sources familiar with the situation said on Wednesday. Plano, Texas-based UGS is owned by three private equity firms - Bain Capital, Silver Lake Partners and ...
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https://www.cnbc.com/2007/01/24/swedens-unemployment-rises-to-46-in-december.html
Sweden's Unemployment Rises to 4.6% in December
Sweden's Unemployment Rises to 4.6% in December Sweden's unemployment rate rose to 4.6% in December, the national statistics agency reported Thursday. Though the jobless figure was slightly higher than November's 4.35%, it was a decrease of 0.8% from the monthly figure for December 2005. It was the eighth straight mont...
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https://www.cnbc.com/2007/01/24/symantec-posts-25-increase-in-quarter-profit-plans-to-cut-costs.html
Symantec Posts 25% Increase in Quarter Profit, Plans to Cut Costs
Symantec Posts 25% Increase in Quarter Profit, Plans to Cut Costs Symantec, posted a 25% increase in quarterly profit on Wednesday, and said it planned to cut costs by $200 million. Net income rose to $113.7 million, or 12 cents per share, for its third quarter ended Dec. 31, from $90.7 million, or 8 cents, a year ago....
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https://www.cnbc.com/2007/01/24/walmart-shuffles-key-divisions-shifts-focus-onto-customer-experience.html
Wal-Mart Shuffles Key Divisions, Shifts Focus Onto Customer Experience
Wal-Mart Shuffles Key Divisions, Shifts Focus Onto Customer Experience The world's largest retailer gets a merchandising and marketing makeover. Wal-Mart is reorganizing its U.S. marketing and merchandising operations as it works to boost sales after a lackluster holiday season. Focusing on the customer experience wil...
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https://www.cnbc.com/2007/01/24/wellpoint-fourthquarter-profit-rises-revenues-light.html
WellPoint Fourth-Quarter Profit Rises, Revenues Light
WellPoint Fourth-Quarter Profit Rises, Revenues Light Managed care provider WellPoint said on Wednesday profit rose 23%, in line with estimates, on strong enrollment in its national accounts and tighter controls on administrative expenses, although medical cost trends worsened. Shares of the Wellpoint , which ranks fir...
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https://www.cnbc.com/2007/01/24/yahoo-japan-profit-rises-20-on-auction-sales.html
Yahoo Japan Profit Rises 20% on Auction Sales
Yahoo Japan Profit Rises 20% on Auction Sales Yahoo Japan, the country's most visited Web site, said on Wednesday quarterly profit gained 20% as it signed up more users to its auction site and attracted more stores on its online mall. Net income rose to 15.2 billion yen ($125 million) in the three months ended Dec. 31 ...
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https://www.cnbc.com/2007/01/25/att-earns-61-cents-a-share-beating-estimates.html
AT&T Earns 61 Cents a Share, Beating Estimates
AT&T Earns 61 Cents a Share, Beating Estimates AT&T, the nation's top telecom company, said on Thursday fourth-quarter earnings rose, bolstered by growth in Internet and wireless subscribers. The San Antonio company also raised its forecast on the expected benefits from its merger with BellSouth, a deal that closed in ...
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https://www.cnbc.com/2007/01/25/ba-cancels-flights-as-cabin-crew-strikes.html
BA Cancels Flights as Cabin Crew Strikes
BA Cancels Flights as Cabin Crew Strikes British Airways said Thursday said that it is canceling all flights from London Heathrow airport for two days next week because of a strike by cabin crew. The airline said it still hoped to reach an agreement with the Transport and General Workers union to prevent a 48-hour walk...
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https://www.cnbc.com/2007/01/25/beazer-homes-posts-loss-on-charges.html
Beazer Homes Posts Loss On Charges
Beazer Homes Posts Loss On Charges Builder Beazer Homes USA posted a quarterly net loss, weighed down by charges for inventory impairments and abandoning land option contracts. Beazer also said it has "yet to see any meaningful evidence of a sustainable recovery in the housing market." For the first quarter ended Dec....
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https://www.cnbc.com/2007/01/25/bristolmyers-posts-quarterly-loss-but-operating-earnings-top-views.html
Bristol-Myers Posts Quarterly Loss, But Operating Earnings Top Views
Bristol-Myers Posts Quarterly Loss, But Operating Earnings Top Views Bristol-Myers Squibb reported a fourth-quarter loss because ofspecial charges and generic competition for its Plavix blood-clot drug, but results beat expectations. The New York-based company said it lost $134 million, or 7 cents a share, compared to ...
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https://www.cnbc.com/2007/01/25/bt-rides-a-global-acquisitions-boom.html
BT Rides A Global Acquisitions Boom
BT Rides A Global Acquisitions Boom British Telecom International President Francois Barrault told CNBC’s Maria Bartitomo on “Squawk Box” that the company will continue to seek growth opportunities after a wave of recent acquisitions. Acquisitions – including three in the U.S. – helped BT revenue outside its home marke...
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https://www.cnbc.com/2007/01/25/cnbcs-faber-blackstone-tries-to-outbid-rival-for-equity-office.html
CNBC's Faber: Blackstone Tries to Outbid Rival for Equity Office
CNBC's Faber: Blackstone Tries to Outbid Rival for Equity Office Private-equity firm Blackstone Group raised its bid for Equity Office Properties Trust by 11.3%, to $54 a share, hoping to deliver a knockout blow to a rival bid led by Vornado Realty Trust , CNBC's David Faber reported. Blackstone's new bid, which total...
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https://www.cnbc.com/2007/01/25/cnbcs-schacknow-all-deked-out-but-nowhere-to-go.html
Street Signs
Street Signs Waiting Room: The rush to get breaking news on the air is one big, stress-filled, exciting adrenaline rush. A logical person (i.e. one who does not work in television) would think that if you know in advance that something might break at a given time, that makes life easier. Well, in many ways it does, but...
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https://www.cnbc.com/2007/01/25/competition-hurts-two-drug-companies.html
Competition Hurts Two Drug Companies
Competition Hurts Two Drug Companies Bristol-Myers Squibb reported that sales of its top-selling and most profitable drug Plavix, a blood thinner, fell 53% in the fourth quarter to less than half a billion dollars.  The damage was even worse in the U.S., where Plavix sales plummeted 62%.  That's because the privately-h...
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https://www.cnbc.com/2007/01/25/dollar-euro-lose-ground-against-yen.html
Dollar, Euro Lose Ground Against Yen
Dollar, Euro Lose Ground Against Yen The dollar and other major currencies fell against the yen as investors further unwound overextended positions against the currency amid concerns the Group of Seven rich nations may address its weakness at a meeting next month. The yen, which shed about 10% against the dollar last y...
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https://www.cnbc.com/2007/01/25/dow-chemical-profit-of-98-cents-a-share-tops-estimates.html
Dow Chemical Profit of 98 Cents a Share Tops Estimates
Dow Chemical Profit of 98 Cents a Share Tops Estimates Dow Chemical said fourth-quarter profit fell 11%, hurt by weakness in its basic-chemicals unit and weak sales in the U.S. But the results outpaced analysts' expectations. Dow said net income in the last three months of 2006 fell to $975 million, or $1 a share, fro...
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https://www.cnbc.com/2007/01/25/dow-chemical-seeking-acquisitions-ceo-tells-cnbc.html
Dow Chemical Seeking Acquisitions, CEO Tells CNBC
Dow Chemical Seeking Acquisitions, CEO Tells CNBC Dow Chemical is looking to make acquisitions, but the amount of private-equity money floating around has made lots of businesses in chemical sector expensive, the company's chief executive told CNBC. "Given the fact that we've had some cyclical behavior in the past, we'...
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https://www.cnbc.com/2007/01/25/existing-home-sales-slip-modestly-in-december-down-08.html
Existing Home Sales Slip Modestly In December, Down 0.8%
Existing Home Sales Slip Modestly In December, Down 0.8% Sales of existing homes fell modestly in December, closing out a year in which demand for homes slumped by the largest amount 24 years. Separately, the number of new claims for U.S. jobless aid jumped a larger-than-expected 36,000 last week, a government report s...
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https://www.cnbc.com/2007/01/25/fords-stock-littlechanged-after-posting-wider-loss.html
Ford's Stock Little-Changed After Posting Wider Loss
Ford's Stock Little-Changed After Posting Wider Loss Ford shares ended up little-changed after the auto maker reported a $5.8 billion loss in the fourth quarter amid slumping sales and huge restructuring costs. For the year, the automaker had a loss of $12.7 billion, the largest in its 103-year history. The annual loss...
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https://www.cnbc.com/2007/01/25/hm-profit-beats-forecasts-may-pay-out-more-cash.html
H&M Profit Beats Forecasts, May Pay Out More Cash
H&M Profit Beats Forecasts, May Pay Out More Cash Fashion retailer Hennes & Mauritz reported better than expected fourth-quarter pretax profits and December sales on Thursday, raised its annual dividend and said it could return more cash to shareholders. H&M, celebrating 60 years of operation this year, reported a pret...
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https://www.cnbc.com/2007/01/25/kimberlyclark-profits-top-expectations-helped-by-restructuring.html
Kimberly-Clark Profits Top Expectations, Helped By Restructuring
Kimberly-Clark Profits Top Expectations, Helped By Restructuring Kimberly-Clark, the maker of Huggies diapers and Kleenex tissue, said fourth-quarter earnings rose, benefiting from a restructuring plan put in place in 2005. The Irving, Texas, company also said it was optimistic about its sales and profit prospects for...
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https://www.cnbc.com/2007/01/25/nokia-beats-quarterly-profit-sales-forecasts.html
Nokia Beats Quarterly Profit, Sales Forecasts
Nokia Beats Quarterly Profit, Sales Forecasts Handset maker Nokia reported fourth-quarter earnings ahead of market expectations Thursday, helped by strong demand for mobile phones in emerging markets. Nokia said it earned 32 euro cents a share in the last three months of December, up from 25 euro cents a share in the s...
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https://www.cnbc.com/2007/01/25/siemens-posts-firstquarter-rise-in-orders-net-hurt-by-fine.html
Siemens Posts First-quarter Rise in Orders; Net Hurt by Fine
Siemens Posts First-quarter Rise in Orders; Net Hurt by Fine Germany's Siemens posted a 4% rise in first-quarter new orders on Thursday despite an exceptionally strong year-ago quarter but net profit was dented by a hefty cartel fine from the European Commission. Orders rose to 24.582 billion euros ($31.97 billion), dr...
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https://www.cnbc.com/2007/01/25/south-koreas-economic-growth-slowed-in-4th-quarter.html
South Korea's Economic Growth Slowed in 4th Quarter
South Korea's Economic Growth Slowed in 4th Quarter South Korea's economy grew a slower-than-expected 0.8% in the fourth quarter, undermined by a fall in exports and a government crackdown on home loans, data showed on Thursday. The seasonally adjusted rise in gross domestic product was below analysts' forecasts for a ...
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https://www.cnbc.com/2007/01/25/stocks-hit-by-broad-selloff-after-bond-yields-surge.html
Stocks Hit by Broad Selloff After Bond Yields Surge
Stocks Hit by Broad Selloff After Bond Yields Surge Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally. The market drifted lower for much of the session after the National Association of Realtors said ...
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https://www.cnbc.com/2007/01/26/altana-says-fullyear-sales-rose-18-on-foreign-demand.html
Altana Says Full-year Sales Rose 18% on Foreign Demand
Altana Says Full-year Sales Rose 18% on Foreign Demand German chemicals maker Altana said Friday that full-year sales rose 18% as the company benefited from rising foreign demand. Revenue for the year through Dec. 31 rose to 3.9 billion euros ($5.06 billion) from 3.3 billion euros in the same period a year earlier, the...
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https://www.cnbc.com/2007/01/26/amgen-misses-earnings-views-revenue-beats-forecasts.html
Amgen Misses Earnings Views; Revenue Beats Forecasts
Amgen Misses Earnings Views; Revenue Beats Forecasts Amgen reported a 1.1% increase in fourth-quarter profit on Thursday, helped by solid growth in sales of its anemia treatments. The world's largest biotechnology company posted a net profit of $833 million, or 71 cents a share, compared with $824 million, or 66 cents ...
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https://www.cnbc.com/2007/01/26/analysis-is-cfo-job-losing-its-appeal.html
Analysis: Is CFO Job Losing its Appeal?
Analysis: Is CFO Job Losing its Appeal? Many of North America's biggest companies are finding it hard to hang on to their chief financial officers, often viewed as corporations' No. 2 executives. Experts say turnover of CFOs has increased and tenure has shortened as incumbents struggle with a multitude of issues that i...
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https://www.cnbc.com/2007/01/26/bartiromo-in-davos-intel-ceo-fixed-on-innovation.html
As the World Economic Forum draws to a close, Maria Bartiromo had a chance to sit down with Intel Chairman Craig Barrett to discuss where he sees opportunities for innovation in the tech sector. VIDEO0:0000:00Maria in Davos Update Barrett says Intel is squarely focused on innovations in healthcare IT and education. Eme...
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https://www.cnbc.com/2007/01/26/bmw-sees-record-2007-sales-after-bumper-2006.html
BMW Sees Record 2007 Sales After Bumper 2006
BMW Sees Record 2007 Sales After Bumper 2006 BMW's revenue rose by 5% to a record 49 billion euros ($63.6 billion) in 2006, it said on Friday, reaffirming that its 2006 pretax earnings would hit 4 billion euros. BMW had already announced that 2006 unit sales rose 3.5% to just over 1.37 million BMW, Mini and Rolls-Royce...
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https://www.cnbc.com/2007/01/26/cnbcs-schacknow-headaches-over-headline-segments.html
Short Sheet: Here’s why I especially love our live data market spreadsheet that I’ve mentioned in a few prior blogs. I had the monthly performance page open this morning and happened to be looking at the sheet at the exact moment the Dow (and later, the S&P 500) went negative for January, and therefore for 2007. This i...
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https://www.cnbc.com/2007/01/26/collaborate-to-innovate.html
'Collaborate to Innovate'
'Collaborate to Innovate' I have to own up to something that you all probably knew already. There are times when a CNBC presenter does not know the intricate details of the subject he has to cover, either in a report or in an interview. OK, we can all get our heads around most of the major themes of Davos this year. We...
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https://www.cnbc.com/2007/01/26/dems-in-powerand-better-for-business.html
Street Signs
Street Signs The Democrats are back in power in Congress--but does that mean they have the confidence of the American people to lead? And are they better for business? It appears so according to a new WSJ/NBC poll. CNBC's John Harwood explained the numbers before a discussion on just why the Dems might be able to sing ...
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https://www.cnbc.com/2007/01/26/dollar-finishes-week-on-up-note-aided-by-economic-reports.html
Dollar Finishes Week on up Note, Aided by Economic Reports
Dollar Finishes Week on up Note, Aided by Economic Reports The dollar gained across the board Friday after stronger data from the U.S. housing and manufacturing sectors provided further evidence the economy is more resilient than many initially thought. That should further reinforce the view the Federal Reserve may hol...
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https://www.cnbc.com/2007/01/26/eon-submitting-sealed-bid-for-spains-endesa.html
E.On Submitting Sealed Bid for Spain's Endesa
E.On Submitting Sealed Bid for Spain's Endesa German energy company E.On AG said Friday it was submitting a sealed bid for Spain's Endesa SA, after its offer worth about 36.5 billion euros ($47.6 billion) was blocked by legal hurdles for several months. E.On's bid for Madrid-based Endesa, Spain's largest utility by mar...
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https://www.cnbc.com/2007/01/26/federers-net-effect-and-tasty-tees.html
Federer's "Net Effect" and Tasty Tees
Federer's "Net Effect" and Tasty Tees Net Effect? Roger FedererAP I think Roger Federer will be known as the best tennis player ever. The guy just absolutely embarrassed Andy Roddick in the Australian Open semifinals en route to playing in his seventh straight grand slam final. The question for me is, what does this ex...
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https://www.cnbc.com/2007/01/26/ford-cash-in-focus-as-clock-ticks-on-turnaround.html
Ford Cash in Focus as Clock Ticks on Turnaround
Ford Cash in Focus as Clock Ticks on Turnaround Ford Motor is in a race against the clock with Wall Street measuring its progress over the next two years by the cash remaining on its balance sheet. Ford on Thursday posted a record $12.7 billion loss for 2006 and provided the first indication of its cash burn since mor...
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https://www.cnbc.com/2007/01/26/fortune-brands-fourthquarter-profits-outpace-expectations.html
Fortune Brands Fourth-Quarter Profits Outpace Expectations
Fortune Brands Fourth-Quarter Profits Outpace Expectations Fortune Brands reported better-than-expected quarterly profit on Friday as strong sales of such spirits as Jim Beam bourbon and Courvoisier cognac overshadowed weakness in the company's home products unit. Net income for the fourth quarter was $251.8 million, o...
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https://www.cnbc.com/2007/01/26/genentech-warns-of-stroke-risk-for-blindness-drug-users.html
Genentech Warns of Stroke Risk for Blindness Drug Users
Genentech Warns of Stroke Risk for Blindness Drug Users Genentech has sent a letter alerting eye doctors to the risk of stroke from Lucentis, its drug for treating age-related macular degeneration, a spokeswoman said. The letter was a "proactive effort" to advise doctors that an interim analysis of a large 5,000-patien...
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https://www.cnbc.com/2007/01/26/kia-motors-swings-to-fourthquarter-loss-on-won-marketing.html
Kia Motors Swings to Fourth-Quarter Loss on Won, Marketing
Kia Motors Swings to Fourth-Quarter Loss on Won, Marketing South Korea's No.2 automaker Kia Motors swung to a quarterly loss, hit by a stronger won and higher marketing costs. Kia, an affiliate of top South Korean automaker Hyundai Motor, reported a net loss of 200 million won (US$213,800) in the fourth quarter, compar...
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https://www.cnbc.com/2007/01/26/kraft-spinoff-likely-to-be-challenged-by-smokers-attorney.html
Kraft Spinoff Likely to Be Challenged By Smokers Attorney
Kraft Spinoff Likely to Be Challenged By Smokers Attorney Altria Group's plan to spin off its Kraft Foods unit is likely to be challenged by at least one plaintiff's attorney representing smokers, which could delay and complicate the transaction. Altria is expected to announce on Wednesday its long-awaited plan to spi...