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https://www.cnbc.com/2007/01/26/market-outlook-why-recent-jitters-may-offer-buying-opportunity.html
Market Outlook: Why Recent Jitters May Offer Buying Opportunity
Market Outlook: Why Recent Jitters May Offer Buying Opportunity Investors are coming to grips with the possibility that the Federal Reserve won't be cutting rates anytime soon. Treasury yields on the benchmark 10-year note rose on Friday, at one point hitting a five-month high, renewing concerns about rising interest r...
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https://www.cnbc.com/2007/01/26/microsofts-profit-hurt-by-vista-delay-but-shares-climb.html
Microsoft's Profit Hurt by Vista Delay, But Shares Climb
Microsoft's Profit Hurt by Vista Delay, But Shares Climb Microsoft shares got a bounce after the software maker posted fiscal second-quarter earnings that fell sharply but still managed to beat analysts' forecasts. The long-delayed launch of the Windows Vista computer operating system was largely to blame for the 28% ...
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https://www.cnbc.com/2007/01/26/news-corp-set-to-launch-myspacecom-china-venture.html
News Corp Set to Launch MySpace.com China Venture
News Corp Set to Launch MySpace.com China Venture News Corp. is finalizing a deal with partners to launch a networking Web site venture in China within a few months, venture capital and Chinese government sources said on Friday. News Corp. plans to take less than 50% of the venture, which will establish a Chinese vers...
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https://www.cnbc.com/2007/01/26/oil-finishes-up-2-as-shortcovering-sparks-late-rally.html
Oil Finishes Up 2% As Short-Covering Sparks Late Rally
Oil Finishes Up 2% As Short-Covering Sparks Late Rally Oil futures rallied more than 50 cents in the last half hour of pit trading to finish with a 2% gain on the day. Prices were driven higher by cold weather enveloping the Northeast, short covering ahead of the weekend and a technical bounce after Thursday's dollar-p...
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https://www.cnbc.com/2007/01/26/porsche-more-upbeat-after-strong-first-half.html
Porsche More Upbeat After Strong First Half
Porsche More Upbeat After Strong First Half Germany's Porsche forecast it would be able to maintain profits this fiscal year after first-half pretax profit easily beat analyst expectations on Friday. Earnings before taxes rose sharply to 1.45 billion euros ($1.9 billion) from 277.8 million a year before, while profit a...
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https://www.cnbc.com/2007/01/26/sec-launches-formal-probe-of-kb-homes-options-practices.html
SEC Launches Formal Probe of KB Homes' Options Practices
SEC Launches Formal Probe of KB Homes' Options Practices KB Home said Friday the Securities and Exchange Commission has launched a formal investigation into the homebuilder's stock-option granting practices. In a regulatory filing, the company said it is cooperating with the SEC on this matter. In August, KB Home recei...
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https://www.cnbc.com/2007/01/26/swedens-investor-and-morgan-stanley-to-buy-molnlycke-health-care-group.html
Sweden's Investor and Morgan Stanley to Buy Molnlycke Health Care Group
Sweden's Investor and Morgan Stanley to Buy Molnlycke Health Care Group Swedish investment firm Investor and Morgan Stanley are buying Molnlycke Health Care Group for 2.85 billion euros ($3.7 billion), the companies said Friday. The majority of the acquisition from private equity firm Apax Partners will be financed by ...
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https://www.cnbc.com/2007/01/28/jfe-holdings-hyundai-steel-in-talks-on-steel-alliance.html
JFE Holdings, Hyundai Steel in Talks on Steel Alliance
JFE Holdings, Hyundai Steel in Talks on Steel Alliance Japan's JFE Holdings is in talks with South Korea's Hyundai Steel to help it build new mills to feed steel to its parent Hyundai Motor, the Nikkei newspaper said Monday. A spokesman for JFE's steel unit said the company was checking the report. JFE and Hyundai, th...
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https://www.cnbc.com/2007/01/28/wto-powers-fail-to-make-a-breakthrough-in-trade-talks.html
WTO Powers Fail to Make a Breakthrough in Trade Talks
WTO Powers Fail to Make a Breakthrough in Trade Talks The United States, Europe and other major powers have made only a vague commitment to liberalize global trade, despite encouragement from leaders attending the World Economic Forum. The nearly 30 countries that met on the sidelines of the forum Saturday to discuss t...
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https://www.cnbc.com/2007/01/29/bank-of-america-fined-3-million-for-breaking-money-laundering-rules.html
Bank of America Fined $3 Million for Breaking Money Laundering Rules
Bank of America Fined $3 Million for Breaking Money Laundering Rules Bank of America's investment services unit was fined $3 million by the NASD to settle charges it failed to comply with anti-money laundering rules relating to "high risk" accounts. The regulator said Banc of America Investment Services failed to obtai...
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https://www.cnbc.com/2007/01/29/bill-to-ban-walmart-bank-introduced-in-congress.html
Bill to Ban Wal-Mart Bank Introduced in Congress
Bill to Ban Wal-Mart Bank Introduced in Congress The top Democrat and Republican on the U.S. House Financial Services Committee today introduced a bill that would ban Wal-Mart and other commercial companies from owning a type of bank known as an industrial loan company (ILC). The bill was co-sponsored by Barney Frank o...
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https://www.cnbc.com/2007/01/29/bristolmyers-stock-rises-on-report-of-possible-sanofi-merger.html
Bristol-Myers Stock Rises On Report Of Possible Sanofi Merger
Bristol-Myers Stock Rises On Report Of Possible Sanofi Merger Shares of Bristol-Myers Squibb jumped to a 52-week high Monday on speculation the company is in talks to be purchased by French drug maker Sanofi-Aventis. Prudential analyst Timothy Anderson said the report comes from a respected publication in France, the ...
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https://www.cnbc.com/2007/01/29/buying-protection.html
Buying Protection
Buying Protection An interesting few days to round off the week. Davos brought its regular revolving door of interviews with leading members of the business community. I know the event gets some criticism for appearing to do little other than provide CEOs, politicians and the great and the good with an opportunity to m...
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https://www.cnbc.com/2007/01/29/dallas-fed-manufacturing-index-rises.html
Dallas Fed Manufacturing Index Rises
Dallas Fed Manufacturing Index Rises Manufacturing activity in the Federal Reserve Bank of Dallas district increased in January. The production index rose to 13.8 from -5.2 in December, the bank said today. Meanwhile, the bank's general activity index stood at 4.7 compared with -8.8 in the final month of last year. Rea...
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https://www.cnbc.com/2007/01/29/deutsche-telekom-shares-drop-sharply.html
Deutsche Telekom Shares Drop Sharply
Deutsche Telekom Shares Drop Sharply Shares in Deutsche Telekom were down sharply on Monday following a warning from the company over the weekend that it was cutting its earnings outlook in the face of fierce competition in Germany and the negative impact of a strong euro. In morning Frankfurt trading Telekom shares we...
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https://www.cnbc.com/2007/01/29/dollar-rises-to-4year-high-versus-yen.html
Dollar Rises to 4-Year High Versus Yen
Dollar Rises to 4-Year High Versus Yen The dollar hit a four-year high against the yen today as expectations of strong U.S. economic data this week supported the view that the Federal Reserve may not have to cut interest rates in the near future. But the U.S. currency slipped against the euro as dealers positioned them...
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https://www.cnbc.com/2007/01/29/equity-office-says-advisory-group-backs-blackstones-raised-bid.html
Equity Office Says Advisory Group Backs Blackstone's Raised Bid
Equity Office Says Advisory Group Backs Blackstone's Raised Bid Equity Office Properties Trust said independent proxy advisory firm Institutional Shareholder Services has recommended its shareholders approve BlackstoneGroup's raised merger offer of $54 a share. The all-cash offer, which was increased last Thursday, val...
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https://www.cnbc.com/2007/01/29/greene-king-pleased-with-smokefree-scottish-pubs.html
Greene King Pleased with Smoke-Free Scottish Pubs
Greene King Pleased with Smoke-Free Scottish Pubs Britain's Greene King said on Monday its pubs and breweries had performed to plan in the year so far, with last year's Scottish smoking ban denting sales less than expected. The 205-year-old brewer of Abbot Ale and Old Speckled Hen said its tenanted pubs had increased l...
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https://www.cnbc.com/2007/01/29/infineon-technologies-returns-to-profitability-in-first-quarter.html
Infineon Technologies Returns to Profitability in First Quarter
Infineon Technologies Returns to Profitability in First Quarter Chipmaker Infineon Technologies reported a return to profitability in its first quarter as higher earnings at its memory chip business offset losses at its wireless chip business. The Munich-based company reported a net profit of 120 million euros ($154.81...
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https://www.cnbc.com/2007/01/29/japan-household-spending-drops-interest-rate-hike-in-doubt.html
Japan Household Spending Drops, Interest Rate Hike in Doubt
Japan Household Spending Drops, Interest Rate Hike in Doubt Japan's household spending fell more than expected and the jobless rate rose slightly in December, underlining sluggishness in consumption and raising the hurdle for the Bank of Japan to lift interest rates next month. Separate data on Tuesday showed that Japa...
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https://www.cnbc.com/2007/01/29/latest-treasury-auction-pushes-up-shortterm-rates.html
Latest Treasury Auction Pushes Up Short-Term Rates
Latest Treasury Auction Pushes Up Short-Term Rates Interest rates on short-term Treasury bills rose in Monday's auction, with the three-month bill climbing to the highest level in six years. The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 5.010%, up from 4.995% last week. Anothe...
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https://www.cnbc.com/2007/01/29/laureate-education-agrees-to-managementled-buyout.html
Laureate Education Agrees to Management-Led Buyout
Laureate Education Agrees to Management-Led Buyout Laureate Education said it agreed to a management-led buyout for about $3.1 billion in cash from an investor group that includes its chairman, private equity firm Kohlberg Kravis Roberts and hedge fund SAC Capital. Laureate , which offers career-oriented undergraduate ...
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https://www.cnbc.com/2007/01/29/lotte-hershey-launch-china-candy-venture.html
Lotte, Hershey Launch China Candy Venture
Lotte, Hershey Launch China Candy Venture U.S. candy and snacks group Hershey and South Korea's Lotte Confectionery will set up an $80 million joint venture to make chocolate in China, aiming to boost share in a market dominated by Mars. The deal potentially opens the door on a huge market for the maker of Hershey's Ki...
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https://www.cnbc.com/2007/01/29/lottomatica-says-fullyear-sales-will-probably-rise-as-much-as-8.html
Lottomatica Says Full-Year Sales Will Probably Rise as Much as 8%
Lottomatica Says Full-Year Sales Will Probably Rise as Much as 8% Lottomatica, the operator of Italy's national lottery, said Monday it expects sales in 2007 to rise by as much as 8%. Sales will probably be in the range of 1.65 billion euros to 1.75 billion euros ($2.13 billion to $2.26 billion), the company said in a ...
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https://www.cnbc.com/2007/01/29/mattel-tops-forecasts-helped-by-strong-barbie-sales.html
Mattel Tops Forecasts, Helped by Strong Barbie Sales
Mattel Tops Forecasts, Helped by Strong Barbie Sales Mattel, the world's largest toymaker, said its fourth quarter profit rose 3%, boosted by strong sales of its Barbie and Fisher-price toys, including the popular T.M.X. Elmo doll. Mattel , based in El Segundo, Calif., reported net income of $286.4 million, or 75 cents...
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https://www.cnbc.com/2007/01/29/merrill-lynch-to-buy-first-republic-bank-for-18-billion.html
Merrill Lynch to Buy First Republic Bank for $1.8 Billion
Merrill Lynch to Buy First Republic Bank for $1.8 Billion Merrill Lynch said it will buy First Republic Bank, a bank that specializes in luxury home lending in California, for $1.8 billion. Merrill Lynch's cash-and-stock offer of $55 a share represents a 44% premium over First Republic's closing price on Friday. Merril...
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https://www.cnbc.com/2007/01/29/motorola-to-use-3g-chips-from-texas-instruments.html
Motorola to Use 3G Chips from Texas Instruments
Motorola to Use 3G Chips from Texas Instruments Motorola, the world's second-biggest handset maker, said it would develop advanced mobile phones using chips from Texas Instruments, the No. 1 wireless chip maker. Motorola said it would use customized chips from TI for upcoming third-generation (3G) high-speed wireless...
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https://www.cnbc.com/2007/01/29/scheringplough-posts-higher-profit-for-fourth-quarter.html
Schering-Plough Posts Higher Profit for Fourth Quarter
Schering-Plough Posts Higher Profit for Fourth Quarter Schering-Plough reported higher fourth-quarter earnings in-line with Wall Street expectations. The Kenilworth, N.J.-based company posted net income of $182 million, or 12 cents a share, up from $104 million, or seven cents a share, in the year-ago quarter. Earning...
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https://www.cnbc.com/2007/01/29/sl-green-founder-reaches-deal-to-buy-air-america.html
SL Green Founder Reaches Deal to Buy Air America
SL Green Founder Reaches Deal to Buy Air America Air America Radio, a liberal talk radio network, said that it had reached a tentative agreement to be sold to the founder of a New York area real estate company. The network also said that Al Franken, its longtime headline personality, would depart next month. The agreem...
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https://www.cnbc.com/2007/01/29/symantec-ceo-tells-cnbc-altiris-acquisition-will-boost-sales.html
Symantec CEO Tells CNBC Altiris Acquisition Will Boost Sales
Symantec CEO Tells CNBC Altiris Acquisition Will Boost Sales The chief executive of Symantec told CNBC that the planned $830 million acquisition of Altiris will boost the security software maker's long-term sales. "This transaction gives us a large company with strong revenue growth and complementary technologies," sai...
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https://www.cnbc.com/2007/01/29/thailands-new-international-airport-is-off-to-a-rocky-start.html
Thailand's New International Airport Is Off to a Rocky Start
Thailand's New International Airport Is Off to a Rocky Start The taxiways are cracked, the terminal has leaks and some airlines even wonder whether it's safe to fly into Thailand's new international airport.Bangkok's sleek and modern Suvarnabhumi Airport, which opened to great fanfare in September, was supposed to tran...
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https://www.cnbc.com/2007/01/29/us-airways-willing-to-boost-delta-offer-cnbcs-faber.html
US Airways Willing to Boost Delta Offer: CNBC's Faber
US Airways Willing to Boost Delta Offer: CNBC's Faber US Airways Group is willing to add $1 billion to its $9.67 billion offer for Delta Air Lines  if Delta's creditors committee agrees to discuss a merger of the two carriers, CNBC's David Faber reported, citing sources close to US Air. US Air also would be willing to ...
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https://www.cnbc.com/2007/01/29/us-steels-fourthquarter-net-profit-surges.html
U.S. Steel's Fourth-Quarter Net Profit Surges
U.S. Steel's Fourth-Quarter Net Profit Surges U.S. Steel said on Monday that fourth-quarter profit surged as a result of higher prices for its products. Net earnings were $297 million, or $2.50 per share, compared with $109 million, or 85 cents per share, a year earlier, the Pittsburgh-based company said. "Our fourth q...
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https://www.cnbc.com/2007/01/29/verizon-fourthquarter-profit-falls-but-earnings-top-forecasts.html
Verizon Fourth-Quarter Profit Falls, But Earnings Top Forecasts
Verizon Fourth-Quarter Profit Falls, But Earnings Top Forecasts Verizon Communications said its fourth-quarter profit fell due to taxes on the sale of assets and costs related to a spinoff, but the results surpassed Wall Street estimates as the telephone company's cellular business added 2.3 million customers. For the ...
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https://www.cnbc.com/2007/01/30/3ms-weakerthanexpected-quarterly-profit-weighs-on-blue-chips.html
3M's Weaker-Than-Expected Quarterly Profit Weighs on Blue Chips
3M's Weaker-Than-Expected Quarterly Profit Weighs on Blue Chips Diversified manufacturer 3M posted a weaker-than-expected quarterly profit on Tuesday and said global economic growth was slowing, sending its shares down and weighing heavily on blue chip stocks overall. The company also forecast a 2007 profit below expe...
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https://www.cnbc.com/2007/01/30/air-travellers-seen-doubling-by-2025.html
Air Travellers Seen Doubling by 2025
Air Travellers Seen Doubling by 2025 The number of air travellers is expected to double by 2025, rising to more than 9 billion a year, a body representing the world's airports said on Tuesday. The Airports Council International (ACI) predicted air freight would triple over the same period. In its Global Traffic Forecas...
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https://www.cnbc.com/2007/01/30/baa-cuts-cost-estimate-of-new-stansted-runway.html
BAA Cuts Cost Estimate of New Stansted Runway
BAA Cuts Cost Estimate of New Stansted Runway Airport operator BAA said on Tuesday it had cut the planned cost of a new runway and terminal at its London Stansted airport by 17.5% to 1.4 billion pounds ($2.7 billion). BAA, owned by Spanish construction firm Ferrovial, said the savings would come mainly from cutting the...
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https://www.cnbc.com/2007/01/30/betting-on-barbaro-bears-cashing-in.html
Betting On Barbaro; Bears Cashing In
Betting On Barbaro; Bears Cashing In How to Play BarbaroKentucky Derby winner Barbaro was euthanized on Monday, so I had to wait at least 24 hours to start talking about the business of it all. So now let's get right to how Barbaro can help your portfolio! Yes folks, I'm serious. The latest news is that Churchill Downs...
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https://www.cnbc.com/2007/01/30/burger-king-earnings-rise-40-helped-by-xbox-promotion.html
Burger King Earnings Rise 40%, Helped By Xbox Promotion
Burger King Earnings Rise 40%, Helped By Xbox Promotion Burger King Holdings, the world's No. 2 hamburger restaurant chain, posted a better-then-expected 40% increase in quarterly profit as an Xbox 360 video game promotion spurred sales in the United States. Burger King said net income for the fiscal second quarter, e...
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https://www.cnbc.com/2007/01/30/cnbcs-schacknow-when-a-story-is-really-a-story.html
Street Signs
Street Signs Is It News Or Not?  In the world of investments and markets, it’s sometimes hard to tell at first glance. At around 8 am, a single headline flashed: Motorola (MOT) says investor Carl Icahn has a 1.4 percent stake and will seek a board seat. (That’s when all the heads in the control room turn around and loo...
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https://www.cnbc.com/2007/01/30/consumer-confidence-edges-higher-on-stronger-jobs-market.html
Consumer Confidence Edges Higher On Stronger Jobs Market
Consumer Confidence Edges Higher On Stronger Jobs Market Consumer confidence improved slightly in January on a strengthening job market, but consumers also appeared concerned that labor conditions could worsen in the future, according to a survey released Tuesday by a private research group. The Conference Board said t...
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https://www.cnbc.com/2007/01/30/creative-technologys-profit-jumps-on-apple-payment.html
Creative Technology's Profit Jumps on Apple Payment
Creative Technology's Profit Jumps on Apple Payment Creative Technology, maker of Nomad and Zen digital music players, reported a more-than-tenfold rise in net profit on a one-time license payment from Apple to settle patent litigation over the iPod. Creative posted on Tuesday a net profit of $92.1 million, or $1.10 pe...
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https://www.cnbc.com/2007/01/30/dollar-traders-keep-powder-dry-ahead-of-economic-reports.html
Dollar Traders Keep Powder Dry Ahead of Economic Reports
Dollar Traders Keep Powder Dry Ahead of Economic Reports The dollar was steady against the euro and yen today, remaining in narrow ranges as dealers awaited a deluge of U.S. economic data this week that could shed light on the course of monetary policy. Also keeping a lid on sharp price moves was a two-day Federal Rese...
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https://www.cnbc.com/2007/01/30/global-tensions-cant-stop-the-bull-run-can-they.html
Ever wonder how lately it seems like as geopolitical tensions seem to worsen; the markets don’t seem to notice? Whether it’s terrorism, war or climate change, the world’s major challenges don’t seem to be making much of a dent in the U.S. economy. Have investors become complacent – or are the risks just not all that re...
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https://www.cnbc.com/2007/01/30/hynix-beats-quarter-estimates-on-strong-dram-sales.html
Hynix Beats Quarter Estimates on Strong DRAM Sales
Hynix Beats Quarter Estimates on Strong DRAM Sales South Korea's Hynix Semiconductor Wednesday posted a 35% rise in quarterly profit, soundly beating estimates, as strong sales of computer memory chips offset steep price drops for NAND chips. Hynix, the world's second-biggest memory chip maker, reported 1.02 trillion w...
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https://www.cnbc.com/2007/01/30/icahn-wants-motorola-to-boost-stock-with-buyback-cnbcs-faber.html
Icahn Wants Motorola to Boost Stock With Buyback: CNBC's Faber
Icahn Wants Motorola to Boost Stock With Buyback: CNBC's Faber Billionaire investor Carl C. Icahn said he is seeking a seat on Motorola's board because he thinks the stock is cheap and the company is sitting on nearly $12 billion in cash, CNBC's David Faber reported. "If they want to be money managers, they can go to W...
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https://www.cnbc.com/2007/01/30/jetblue-swings-to-profit-lowers-firstquarter-guidance.html
JetBlue Swings to Profit, Lowers First-Quarter Guidance
JetBlue Swings to Profit, Lowers First-Quarter Guidance JetBlue Airways forecast a loss in the first quarter on rising costs, after higher fares helped the budget carrier post a profit in the fourth quarter. The seven-year-old airline, seeking to control costs, has reined them in by delaying deliveries of some aircraft...
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https://www.cnbc.com/2007/01/30/kaupthing-says-fourth-quarter-profit-jumps-22.html
Kaupthing Says Fourth Quarter Profit Jumps 22%
Kaupthing Says Fourth Quarter Profit Jumps 22% Kaupthing, Iceland's largest bank, said Tuesday that fourth-quarter profit jumped 22% after the lender boosted commission and interest income. Net income in the three months through Dec. 31 rose to 18.1 billion Icelandic krona ($262 million; 191 million euros), from 14.8 b...
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https://www.cnbc.com/2007/01/30/mitsubishi-posts-125-rise-in-quarter-profit.html
Mitsubishi Posts 12.5% Rise in Quarter Profit
Mitsubishi Posts 12.5% Rise in Quarter Profit Mitsubishi Corp., Japan's biggest trading company, posted a 12.5% rise in October-December profit on high oil and metals prices, and kept its forecast for full-year growth of 14%. Mitsubishi, a major supplier of coking coal and liquid natural gas on world markets, booked 11...
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https://www.cnbc.com/2007/01/30/opec-expects-latest-cuts-to-help-stabilize-oil-prices.html
OPEC Expects Latest Cuts to Help Stabilize Oil Prices
OPEC Expects Latest Cuts to Help Stabilize Oil Prices OPEC is preparing to implement another round of oil cuts from Feb. 1, satisfied its decision to curb supplies by 6% has succeeded in restoring market balance and arresting a $24 price fall since July. The group that pumps over a third of the world's oil is cutting s...
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https://www.cnbc.com/2007/01/30/pg-and-colgate-top-views-but-leave-investors-unimpressed.html
P&G and Colgate Top Views, But Leave Investors Unimpressed
P&G and Colgate Top Views, But Leave Investors Unimpressed Procter & Gamble and its smaller rival Colgate-Palmolive posted slightly better-than-expected quarterly profits on Tuesday and signaled that their businesses look good for the rest of 2007, but the results failed to excite Wall Street. P&G shares moved lower Mo...
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https://www.cnbc.com/2007/01/30/pier-1-taps-tjx-executive-alex-smith-to-be-new-ceo.html
Pier 1 Taps TJX Executive Alex Smith to Be New CEO
Pier 1 Taps TJX Executive Alex Smith to Be New CEO Struggling home decor retailer Pier 1 Imports on Tuesday said Alex Smith, who was most recently senior executive vice president with TJX, would become chief executive and president on Feb. 19 As CEO, Smith succeeds Marvin Girouard, whose planned retirement after nearly...
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https://www.cnbc.com/2007/01/30/procter-gamble-outpaces-analyst-estimates-raises-2007-forecast.html
Procter & Gamble Outpaces Analyst Estimates, Raises 2007 Forecast
Procter & Gamble Outpaces Analyst Estimates, Raises 2007 Forecast Procter & Gamble reported quarterly profits rose 12%, and raised its outlook for the year. But P&G shares , which had been trading at all-time highs, fell as fiscal second-quarter organic sales fell short of expectations and third-quarter earnings were e...
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https://www.cnbc.com/2007/01/30/sony-bmg-settles-antipiracy-cds-charges.html
Sony BMG Settles Anti-Piracy CDs Charges
Sony BMG Settles Anti-Piracy CDs Charges The U.S. Federal Trade Commission said Sony BMG agreed to settle charges that it secretly embedded potentially damaging anti-piracy software in some of its CDs. The settlement requires Sony BMG, a joint venture of Sony and Germany's Bertelsmann, to make further disclosures, to a...
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https://www.cnbc.com/2007/01/30/sony-profit-drops-but-company-boosts-outlook.html
Sony Profit Drops, But Company Boosts Outlook
Sony Profit Drops, But Company Boosts Outlook Japanese electronics giant Sony reported a drop in quarterly profit Tuesday, but boosted its earnings outlook for the full year. Sony said net income fell 5.3% to $1.344 billion in its fiscal third quarter, which ended December. Operating income, excluding certain items, sl...
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https://www.cnbc.com/2007/01/30/speculation-sanofi-may-buy-bristolmyers-mounts-litigation-weighs.html
Speculation Sanofi May Buy Bristol-Myers Mounts, Litigation Weighs
Speculation Sanofi May Buy Bristol-Myers Mounts, Litigation Weighs Speculation that Sanofi-Aventis, the world's third-largest pharmaceutical company, may buy Bristol-Myers Squibb was grew Monday as an unsourced report from French financial newsletter "La Lettre de l'Expansio" reported that a  pre-merger agreement was ...
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https://www.cnbc.com/2007/01/30/stocks-finish-higher-ahead-of-fed-energy-leads-gains.html
Stocks Finish Higher Ahead of Fed; Energy Leads Gains
Stocks Finish Higher Ahead of Fed; Energy Leads Gains A sharp rise in crude oil prices failed to deter investors on Tuesday as they nibbled at stocks ahead of the Federal Reserve's decision on interest rates, set for release tomorrow afternoon. The Dow Jones Industrial Average ended the day near session highs although ...
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https://www.cnbc.com/2007/01/30/uk-lender-kensington-profit-up-says-no-approaches.html
U.K. Lender Kensington Profit Up, Says No Approaches
U.K. Lender Kensington Profit Up, Says No Approaches British specialist mortgage lender Kensington Group reported a 17% rise in underlying full-year profit on Tuesday, but said tough competition will result in slower profit growth this year. Kensington has been the subject of takeover speculation but its chief executiv...
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https://www.cnbc.com/2007/01/30/ups-quarterly-profit-meets-forecasts-but-2007-seen-falling-short.html
UPS Quarterly Profit Meets Forecasts, But 2007 Seen Falling Short
UPS Quarterly Profit Meets Forecasts, But 2007 Seen Falling Short UPS said per share earnings rose nearly 10%, meeting expectations, but the package delivery company also issued a full year outlook for 2007 that fell short of analysts' forecasts. The Atlanta-based company reported fourth-quarter net income of $1.13 bi...
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https://www.cnbc.com/2007/01/30/walmart-shakes-up-management-advertising-age.html
Wal-Mart Shakes Up Management: Advertising Age
Wal-Mart Shakes Up Management: Advertising Age Wal-Mart Stores is expected to move the chief executive of its U.S. namesake stores to an international position and replace him with the head of its Sam's Club warehouse club unit, Advertising Age reported on Tuesday, citing people close to the company. The latest round ...
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https://www.cnbc.com/2007/01/30/what-fed-policymakers-are-looking-at-this-week.html
What Fed Policymakers Are Looking At This Week
What Fed Policymakers Are Looking At This Week Financial markets widely expect the U.S. Federal Reserve to hold benchmark interest rates steady on Wednesday, marking the fifth straight meeting it has stayed on hold after 17 increases that ended last June. Markets will likely comb through the Fed's statement for insight...
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https://www.cnbc.com/2007/01/30/wyeth-misses-earnings-expectations-issues-tepid-2007-guidance.html
Wyeth Misses Earnings Expectations, Issues Tepid 2007 Guidance
Wyeth Misses Earnings Expectations, Issues Tepid 2007 Guidance Wyeth posted a fourth-quarter profit of 66 cents a share, excluding special items, on sales of $5.22 billion. Analysts surveyed by Thomson Financial expected earnings of 71 cents a share on sales of $5.12 billion. Shares of the Madison, N.J. company fell a...
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https://www.cnbc.com/2007/01/31/altria-profits-rise-on-higher-cigarette-prices-overseas-sales.html
Altria Profits Rise on Higher Cigarette Prices, Overseas Sales
Altria Profits Rise on Higher Cigarette Prices, Overseas Sales Altria Group , the parent of cigarette maker Philip Morris USA, said quarterly profit rose by 29%, helped by cigarette price increases and higher sales of cigarettes overseas. Net income rose to $2.96 billion, or $1.40 a share, from $2.29 billion, or $1.09 ...
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https://www.cnbc.com/2007/01/31/bskyb-secondquarter-profits-dip.html
BSkyB Second-Quarter Profits Dip
BSkyB Second-Quarter Profits Dip Pay-TV operator British Sky Broadcasting Group reported a 3% drop in quarterly net profit Wednesday after it spent more money promoting its broadband services, but said it was still on track to meet its full-year targets. BSkyB said that net income for the three months to Dec. 31 fell t...
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https://www.cnbc.com/2007/01/31/eastman-kodak-swings-to-profit-from-yearago-loss.html
Eastman Kodak Swings to Profit From Year-Ago Loss
Eastman Kodak Swings to Profit From Year-Ago Loss Photography company Eastman Kodakposted a quarterly profit on continued growth in its digital business. Fourth-quarter net income was $16 million, or 6 cents a share, compared to a loss of $46 million, or 16 cents a share. The world's top maker of photographic film is n...
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https://www.cnbc.com/2007/01/31/eli-lilly-profit-falls-81-but-tops-expectations.html
Eli Lilly Profit Falls 81%, But Tops Expectations
Eli Lilly Profit Falls 81%, But Tops Expectations Eli Lilly said fourth-quarter net income fell 81%, hurt by a charge for a settlement with users of its Zyprexa schizophrenia drug, and it forecast 2007 earnings at the low end of Wall Street estimates. But shares of the Lilly, whose profit beat forecasts on lower taxes ...
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https://www.cnbc.com/2007/01/31/fdic-extends-delay-on-retailers-owning-banks.html
FDIC Extends Delay on Retailers Owning Banks
FDIC Extends Delay on Retailers Owning Banks The Federal Deposit Insurance Corporation voted on Wednesday to extend for one year a moratorium on bank applications by commercial companies, such as Wal-Mart Stores and Home Depot. The action would give Congress more time to debate legislation that would ban retailers and...
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https://www.cnbc.com/2007/01/31/fiat-bravo-marks-midsize-market-return.html
Fiat: Bravo Marks Mid-Size Market Return
Fiat: Bravo Marks Mid-Size Market Return Fiat has poured 350 million euros ($454 million) into developing its new Bravo model, which marks the Italian automaker's return to the profitable mid-size market, the company's chief executive said Wednesday. The Bravo, unveiled Tuesday evening to much fanfare, is the model tha...
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https://www.cnbc.com/2007/01/31/fourthquarter-gdp-surged-35-stronger-than-expected.html
Fourth-Quarter GDP Surged 3.5%, Stronger Than Expected
Fourth-Quarter GDP Surged 3.5%, Stronger Than Expected The U.S. economy surged ahead at a greater-than-expected 3.5% annual growth rate in the fourth quarter, as lower energy prices freed up consumer spending, the Commerce Department said. The preliminary estimate of the economy's growth came amid a rush of data that s...
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https://www.cnbc.com/2007/01/31/german-unemployment-rate-rises-in-jan.html
German Unemployment Rate Rises in Jan.
German Unemployment Rate Rises in Jan. Germany's unemployment rate jumped in seasonally unadjusted terms to 10.2% from 9.6% the month before, as some 239,000 more people were out of work, the government labor office said Wednesday. But the statistics looked much better when adjusted for fluctuations in seasonal work su...
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https://www.cnbc.com/2007/01/31/honda-motors-quarterly-profit-jumps-but-lags-expectations.html
Honda Motor's Quarterly Profit Jumps but Lags Expectations
Honda Motor's Quarterly Profit Jumps but Lags Expectations Honda Motor reported a near 9% rise in quarterly net profit as brisk sales in Europe and a weak yen offset a dip in U.S. sales -- where Honda could not keep up with demand -- and raised its forecast for the full year. October-December net profit at Japan's No.2...
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https://www.cnbc.com/2007/01/31/independent-to-resume-due-diligence-with-apn.html
Independent to Resume Due Diligence With APN
Independent to Resume Due Diligence With APN A consortium including Tony O'Reilly's Independent News and Media will resume due diligence with target APN News and Media later this week amid pressure to up its A$2.8 billion (US$2.2 billion) offer for the Australasian media group, sources familiar with the situation said....
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https://www.cnbc.com/2007/01/31/kraft-profit-falls-19-to-issue-2007-forecast-in-february-ahead-of-spinoff.html
Kraft Profit Falls 19%; To Issue 2007 Forecast In February Ahead of Spinoff
Kraft Profit Falls 19%; To Issue 2007 Forecast In February Ahead of Spinoff Kraft Foods , which is about to be spun off from its parent AltriaGroup this spring, said fourth-quarter earnings fell 19%. The world's second-largest food company behind Nestle said progress from its turnaround effort is not yet sufficient, bu...
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https://www.cnbc.com/2007/01/31/minimum-wage-hike-will-it-ever-get-done.html
The U.S. Senate is almost through debating a bill to raise to the minimum wage. However--Republicans want to amend the bill with provisions including tax breaks for businesses in order to offset the costs of a higher minimum wage. Democrats don't want that. There's also a move to attach tax deferred compensation to the...
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https://www.cnbc.com/2007/01/31/minis-personal-message-gms-quality-ad-and-rolls-big-price.html
Mini's Personal Message, GM's Quality Ad, and Rolls Big Price
Mini's Personal Message, GM's Quality Ad, and Rolls Big Price I come back from a week on the slopes of Colorado and find three tidbits about the automakers that show even in the bitter cold and dreary days of January (except in the Rockies) ... there are some interesting stories. (1) Mini's Message Today in Chicago, Sa...
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https://www.cnbc.com/2007/01/31/mortgage-applications-rise-in-latest-week.html
Mortgage Applications Rise in Latest Week
Mortgage Applications Rise in Latest Week Applications for U.S. home mortgages increased last week as both home purchases and refinancing picked up, an industry group said today. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity rose 3.2% to 631.1 in the week ended Jan...
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https://www.cnbc.com/2007/01/31/nymex-profit-doubles-led-by-fees-and-electronic-trading.html
Nymex Profit Doubles, Led by Fees and Electronic Trading
Nymex Profit Doubles, Led by Fees and Electronic Trading Nymex Holdings, parent of the New York Mercantile Exchange commodities market, said fourth-quarter profit roughly doubled, driven by higher fee revenue and increased electronic trading volume. In its first quarterly report as a public company, Nymex said it earne...
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https://www.cnbc.com/2007/01/31/oil-surges-to-end-above-58-at-another-4week-high.html
Oil Surges to End Above $58 At Another 4-Week High
Oil Surges to End Above $58 At Another 4-Week High Crude oil futures rallied today to end a seesaw session more than a dollar higher and above $58 despite government inventory data showing crude oil and gasoline supplies rose last week and as February refined products contracts expired. Light sweet settled up $1.14 to ...
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https://www.cnbc.com/2007/01/31/sandisk-reports-quarterly-loss-lowers-guidance.html
SanDisk Reports Quarterly Loss, Lowers Guidance
SanDisk Reports Quarterly Loss, Lowers Guidance SanDisk, a maker of flash memory cards for cellphones and digital cameras, reported a fourth-quarter net loss due to acquisition charges, but earnings before one-time items beat analysts estimates. SanDisk's stock fell, however, after the company lowered guidance for the...
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https://www.cnbc.com/2007/01/31/south-koreas-january-exports-top-forecasts.html
South Korea's January Exports Top Forecasts
South Korea's January Exports Top Forecasts South Korean exports in January grew past market expectations on rebounding prices abroad for major products and despite worries about a sharper-than-expected deceleration in the U.S. economy, data showed on Thursday. Exports by Asia's third-largest economy jumped 21.4% in Ja...
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https://www.cnbc.com/2007/01/31/tata-steel-outbids-csn-in-corus-auction-with-113-billion-offer.html
Tata Steel Outbids CSN in Corus Auction With $11.3 Billion Offer
Tata Steel Outbids CSN in Corus Auction With $11.3 Billion Offer India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group, offering $11.3 billion (5.8 billion pounds) for the biggest-ever acquisition by an Indian company. The winning bid values shares of London-based ...
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https://www.cnbc.com/2007/01/31/the-big-fear-irrational-exuberance-in-china.html
China is experiencing a bull market unlike anything seen since the dot-com glory days of the late 1990’s in the U.S. But there could be a big "uh-oh" moment coming. Analysts, journalists, regulators, even the ruling Communist party, are beginning to take notice that the recent run-up in the Chinese stock market has a l...
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https://www.cnbc.com/2007/01/31/time-warner-reports-34-increase-in-fourthquarter-profit.html
Time Warner Reports 34% Increase In Fourth-Quarter Profit
Time Warner Reports 34% Increase In Fourth-Quarter Profit Time Warnerprofit jumped 34% in the fourth quarter, boosted by the sale of Internet access businesses in Europe and a deal that added new subscribers to its cable TV unit. The world's largest media company, which owns Warner Bros., Time and the second-largest ca...
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https://www.cnbc.com/2007/01/31/tokyo-stock-exchange-nyse-plan-strategic-alliance.html
Tokyo Stock Exchange, NYSE Plan Strategic Alliance
Tokyo Stock Exchange, NYSE Plan Strategic Alliance NYSE Group is set to announce a strategic alliance with the Tokyo Stock Exchange when the New York Stock Exchange opens for the Wednesday session. NYSE Group Chief Executive John Thain and Tokyo Stock Exchange Chief Executive Taizo Nishimuro will attend the briefing to...
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https://www.cnbc.com/2007/01/31/treasury-considers-eliminating-3year-note.html
Treasury Considers Eliminating 3-Year Note
Treasury Considers Eliminating 3-Year Note The U.S. Treasury said that strong tax receipts and an improving fiscal outlook may prompt it to eliminate or change the auction frequency of its 3-year note. The Treasury, announcing a $38 billion refunding of 3- and 10-year notes and 30-year bonds slated for next week, said ...
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https://www.cnbc.com/2007/01/31/us-air-withdraws-offer-for-delta-after-creditors-reject-bid.html
US Air Withdraws Offer For Delta After Creditors Reject Bid
US Air Withdraws Offer For Delta After Creditors Reject Bid US Airways Group dropped its hostile $9.8 billion offer to buy Delta Air Lines after Delta creditors threw their support behind the bankrupt airline's standalone reorganization plan. Delta's creditors said in a statement they reached their decision after a len...
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https://www.cnbc.com/2007/01/31/vivendi-fourthquarter-revenues-rise-slightly.html
Vivendi Fourth-Quarter Revenues Rise Slightly
Vivendi Fourth-Quarter Revenues Rise Slightly Vivendi reported a modest 1.2% rise in fourth-quarter revenue Wednesday as stronger results from video games helped make up for lower sales at its mobile unit SFR and music division Universal Music. The French media and telecommunications company reported fourth-quarter rev...
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https://www.cnbc.com/2007/02/01/adidas-sees-reebok-hitting-5-billion-in-sales.html
Adidas Sees Reebok Hitting $5 Billion in Sales
Adidas Sees Reebok Hitting $5 Billion in Sales Adidas expects growth overseas, particularly in Asia, to push sales at its Reebok division to $5 billion over the next three to five years, up from their current $3 billion level, Herbert Hainer, chairman and chief executive of Adidas, said on Thursday. The world's second-...
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https://www.cnbc.com/2007/02/01/airline-partners-says-they-will-not-raise-qantas-offer.html
Airline Partners Says They Will Not Raise Qantas Offer
Airline Partners Says They Will Not Raise Qantas Offer Airline Partners Australia (APA), a consortium bidding for Australia's Qantas Airways, said on Friday it would not increase its US$8.7 billion buyout offer for the airline. "The offer price of A$5.60 cannot, and will not, be increased in the absence of an alternati...
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https://www.cnbc.com/2007/02/01/airlines-served-with-cargo-pricefixing-class-action-suit-in-australia.html
Airlines Served With Cargo Price-Fixing Class Action Suit in Australia
Airlines Served With Cargo Price-Fixing Class Action Suit in Australia Qantas and six other international airlines were served with a 200 million Australian dollar (US$155 million) class action Thursday alleging price-fixing in the global air freight industry. The lawsuit was lodged in the Federal Court of Australia in...
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https://www.cnbc.com/2007/02/01/astrazeneca-fourthquarter-profit-up.html
AstraZeneca Fourth-Quarter Profit Up
AstraZeneca Fourth-Quarter Profit Up AstraZeneca, Europe’s fourth-largest drug maker by prescription drug sales, posted a 21% rise in fourth-quarter earnings per share, compared to the last-year quarter. AstraZeneca earned 93 cents a share in the last three months of 2006, compared with 77 cents a share in the year-ago...
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https://www.cnbc.com/2007/02/01/australias-trade-deficit-widens-drags-on-growth.html
Australia's Trade Deficit Widens, Drags on Growth
Australia's Trade Deficit Widens, Drags on Growth Australia's trade deficit widened 52% in December as imports of capital goods climbed while the drought hit farm exports, implying trade cut a sizable chunk out of economic growth for the fourth quarter as a whole. The deficit yawned out to A$1.34 billion (US$1.04 billi...
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https://www.cnbc.com/2007/02/01/axa-2006-sales-rise-shares-buoyed.html
AXA 2006 Sales Rise, Shares Buoyed
AXA 2006 Sales Rise, Shares Buoyed AXA, Europe's second-biggest insurer, reported a 9.9% rise in 2006 sales on Thursday as robust market conditions spurred higher sales of products throughout the sector. Total sales rose to 78.775 billion euros ($101.9 billion), with turnover boosted by growth across its main businesse...
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https://www.cnbc.com/2007/02/01/bristol-shares-climb-on-sanofi-merger-rumor.html
Bristol Shares Climb On Sanofi Merger Rumor
Bristol Shares Climb On Sanofi Merger Rumor Lookin' Out for No. 1 If the report is true, Sanofi-Aventis and Bristol-Myers Squibb could soon merge to create the world's biggest drug company.  (Pfizer's No. 1 today.) The story comes out of a French financial "newsletter" which attributed the information to no one -- not ...
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https://www.cnbc.com/2007/02/01/cnbcs-exec-leadership-awards-gala-night.html
ELA A not so shameless plug here as we'd like to toot our own horn--as we honor others. Last night, CNBC held it's third annual Executive Leadership Awards dinner--to recognize business leaders who make a difference. The event was at the Pierre Hotel in New York City--and CNBC's Melissa Lee covered it for "Squawk Box."...
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https://www.cnbc.com/2007/02/01/cvs-profit-rises-3-outpacing-analysts-estimates.html
CVS Profit Rises 3%, Outpacing Analysts' Estimates
CVS Profit Rises 3%, Outpacing Analysts' Estimates Drugstore chain CVS posted a 3% increase in quarterly profit on Thursday, driven by strong sales of prescription medications and greater use of generic drugs, which are more profitable for pharmacies. CVS, which hopes to buy pharmacy benefits manager Caremark Rx, also ...
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https://www.cnbc.com/2007/02/01/datacrafts-quarter-profit-jumps-47.html
Datacraft's Quarter Profit Jumps 47%
Datacraft's Quarter Profit Jumps 47% Datacraft Asia, Southeast Asia's largest computer data network builder, said on Friday its quarterly profit jumped 47% on robust technology spending by companies and productivityimprovements. Datacraft earned $6.21 million in its fiscal first quarter ended December, compared with $4...
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https://www.cnbc.com/2007/02/01/daylight-saving-time-is-it-worth-the-savings.html
Street Signs
Street Signs If you’re someone who hates when it gets dark early, you’ll be relieved to know Daylight Saving Time is coming earlier this year. It starts on March 11th – nearly two weeks before the first day of Spring. But don’t do the happy dance, yet. Your PC doesn’t know, and neither do the computers that run the air...
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https://www.cnbc.com/2007/02/01/does-the-market-over-analyze-fedspeak.html
Street Signs
Street Signs At last night’s CNBC Executive Leadership Awards,guests joked that analysts and journalists alike used to guess the Fed’s interest rates decisions based on the thickness of Alan Greenspan’s briefcase when he arrived at the meetings. Yesterday, the Fed metand left rates unchanged – as expected – but neverth...
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https://www.cnbc.com/2007/02/01/exxon-mobil-profit-falls-for-quarter-hits-record-107-billion-for-year.html
Exxon Mobil Profit Falls for Quarter, Hits Record $10.7 Billion for Year
Exxon Mobil Profit Falls for Quarter, Hits Record $10.7 Billion for Year Exxon Mobil fourth-quarter earnings fell 4.3% on lower natural gas prices and shrinking gasoline margins. Net income at the Irving, Texas, oil giant slipped to $10.25 billion, or $1.76 a share, from $10.71 billion, or $1.71 a share, a year earlier...