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Intense haggling among the world's trade ministers has brought within grasp a lucrative deal to free the global information technology market, officials said Tuesday, and some said they saw movement on the contentious issue of labour standards.
Big powers, notably the United States and the European Union, said a flurry... | 14 |
Officials in a central Chinese region have issued an action plan to stamp out worship by the underground Catholic church loyal to Rome, a U.S.-based church group said on Saturday.
The Communist Party document issued by officials of Chongren county in central Jiangxi province warns against infiltration by overseas relig... | 14 |
China has jailed a Tibetan music expert touring the Himalayan region on a U.S. scholarship for 18 years for spying in one of the harshest sentences ever meted out in the restive region, local radio reported on Friday.
Ngawang Choephel, 30, who was travelling in Tibet as a Fulbright scholar to produce an amateur documen... | 14 |
China charged on Thursday that politics was holding up its application for entry to the world trade body, the World Trade Organisation (WTO), and said it wanted to join as soon as possible,
"The accession of the applicants to the WTO has been slowed down due to political consideration and the excessive demand for immed... | 14 |
China has moved a step further from its recent radical past with a decision to scrap the crime of "counter-revolution" and replace it with the offence of jeopardising state security, officials said on Wednesday.
The maximum penalty of death for a charge that is most commonly used against political dissidents accused of... | 14 |
China's economic growth is likely to accelerate in 1997 as Beijing pumps up its economy before a crucial Communist Party congress that may tackle nagging reform problems, state media said.
Political factors were likely to be a significant factor in a possible renewed boom next year in one of the world's fastest growing... | 14 |
Draft amendments to China's criminal law have sparked fierce debate among usually tame lawmakers, with controversy surrounding the scope of the death penalty and whether corrupt state managers should be executed.
The Workers Daily newspaper on Saturday published a rare insight into controversies troubling a string of a... | 14 |
China hopes for a breakthrough to launch manned space flights early next century and planns to land a spacecraft on the moon in the 21st century, the Xinhua news agency said on Thursday.
Senior Chinese space officials had unveiled an ambitious, multi-million dollar and wide-ranging programme that was aimed at giving th... | 14 |
Jailed, sentenced to labour camps, cowed or exiled, China's pro-democracy activists have virtually vanished.
The latest dissident to be swallowed by China's gulag was prominent literary critic Liu Xiaobo, sentenced on Tuesday to three years in a labour camp. Veteran democracy activist Wang Xizhe has simply disappeared.... | 14 |
China must tackle the thorny task of state enterprise reform this year, forcing through unpopular layoffs and bankruptcies to halt haemorrhaging losses, economic tsar Vice Premier Zhu Rongji said on Thursday.
Zhu hailed such achievements in 1996 as a high economic growth rate of 9.7 percent, a fall in inflation to 6.0 ... | 14 |
Wang Dan's name cards describe him as "Free Man" and "World Citizen", but for the next 11 years the democracy activist's world will be a prison.
The disappearance of the 27-year-old into the Chinese gulag on Wednesday signalled a tightening of the Communist Party's grip on all aspects of life -- from religion to crime,... | 14 |
For 36 years Tibet's biggest leather factory gushed pollution into one of the world's cleanest rivers and haemorrhaged losses.
But help was at hand when Tibet's scenic beauty and devout Buddhist people enchanted visiting German Chancellor Helmut Kohl in 1988.
German aid has since poured in, along with German technician... | 14 |
The U.S. government's top Asia official, Winston Lord, was to hold talks with Chinese Deputy Foreign Minister Liu Huaqiu in Beijing on a range of issues including human rights, diplomats said on Wednesday.
Lord, Assistant Secretary of State for East Asian and Pacific Affairs, arrived on Tuesday for the unannounced visi... | 14 |
China is unlikely to concede on its demand to enter the World Trade Organisation as a developing country and has the patience to hunker down for a long wait to win accession on its terms, a senior Chinese analyst said.
"Both sides need to make concessions, but there is one issue of principle on which China will not cha... | 14 |
China's economic growth is likely to accelerate in 1997 as Beijing pumps up its economy before a crucial Communist Party congress that may tackle nagging reform problems, state media said on Sunday.
Political factors were likely to be a significant factor in a possible renewed boom next year in one of the world's faste... | 14 |
China will accelerate listings of new firms on its two stock markets next year to meet demand and curb speculation, a senior securities official said.
His remarks, published on Sunday, came a week after an official statement warned investors away from excessive speculation, triggering a steep sell-off on the Shanghai a... | 14 |
Tibet's toilets offer some of the most spectacular views in the world -- if you can hold your nose long enough to enjoy the scenery.
Many tourists on the roof of the world are so overwhelmed by the breathtaking beauty of the Himalayan plateau that such niceties as stinking lavatories are the least of their concerns.
Gi... | 14 |
China has placed one of its largest investment trusts, stung by real estate losses, under administrative custody, and officials said on Thursday that more such financial firms may suffer a similar fate.
The People's Bank of China, the central bank, ordered the China Agribusiness Development Trust and Investment Corp (C... | 14 |
Intense haggling among the world's trade ministers brought within grasp a lucrative deal to free the global information technology market and some officials saw movement on the contentious issue of labour standards.
Big powers, notably the United States and the European Union (EU), said on Tuesday a flurry of talks thr... | 14 |
The watchdogs of China's ruling Communist Party have ordered members to obey a call from party chief Jiang Zemin for ideological orthodoxy -- or face disciplinary punishment, state media said on Saturday.
"The work style of the ruling party is a matter of life and death," the People's Daily quoted a decision by the Cen... | 14 |
Top Hollywood film stars, including screen idols Harrison Ford and Brad Pitt, have been placed on a blacklist of 50 people barred from visiting the restive region of Tibet, Chinese officials said on Friday.
News that some of Hollywood's biggest box office draws were on a blacklist comes just weeks after Beijing clashed... | 14 |
An inaccessible, romantic and mystic Shangri-la where Chinese police torture Buddhist monks is a common Western view of Tibet.
A mysterious, terrifying land where lanterns are made from human skin, skulls are used for goblets and slavery is a recent memory is a widespread Chinese view of this far-flung outpost of Beiji... | 14 |
China's usually rubber stamp parliament failed on Monday to pass an anti-corruption bill after the proposed law fell victim to fierce debate over whether it should specifically target government officials.
State media had reported heated discussion at the week-long session of the standing committee of the National Peop... | 14 |
China announced a major reform of its huge agricultural system on Wednesday, saying it would take the ambitious step of unifying the price the state pays for grain with the market rate to boost output next year.
In a speech outlining some of Beijing's plans for reform in 1997 to drag China's economy away from Stalinist... | 14 |
China on Sunday hailed a brief visit by Premier Li Peng to Russia as 43 hours packed with political and business achievements and trumpeted the growth of a power centre to offset the influence of the United States.
Diplomats said the rapid warming of ties between China and Russia was unlikely to signal a major strategi... | 14 |
Days and nights of intense talks on ways to liberalise global trade brought ministers to the brink of agreement on Wednesday although the stormy issue of labour rights cast a shadow on a final deal.
Despite sleepless nights and three days of intense negotiations, World Trade Organisation (WTO) Director-General Renato R... | 14 |
A bomb exploded outside a government office in the Tibetan capital, Lhasa, and Chinese authorities on Sunday described the blast that shattered windows for 100 metres as "an appalling act of terrorism".
The Christmas Day bomb, the largest so far set off by anti-Chinese activists in the restive Himalayan region of Tibet... | 14 |
China defended on Saturday its decision to exercise its veto at the United Nations for the first time in nearly a quarter of a century, killing a U.N. plan to monitor disarmament and a ceasefire in Guatemala.
"We had no choice but to vote against the draft decision on peacekeeping," the Xinhua news agency quoted Foreig... | 14 |
China's restive Tibet region appeared certain on Sunday to fall under the shadow of a renewed campaign of intimidation after a music student was jailed for 18 years for spying and a bomb rocked the capital.
"The bomb attack, especially such a big explosion, is a real slap in the face," said one Tibet observer who decli... | 14 |
China is unlikely to concede on its demand to enter the World Trade Organisation as a developing country and has the patience to hunker down for a long wait to win agreement to its terms, a senior Chinese analyst said.
"Both sides need to make concessions, but there is one issue of principle on which China will not ch... | 14 |
Leading Chinese dissident Liu Xiaobo has been ordered to serve three years in a labour camp in a term imposed just hours after police detained him and a second pro-democracy activist was missing, relatives said on Wednesday.
Veteran pro-democracy activist Wang Xizhe, who recently issued a joint statement with Liu, appe... | 14 |
If foreign governments thought Beijing listened to pleas on human rights, they may have to think of new means of persuasion after a Beijing court jailed one of China's few dissidents still at liberty for 11 years on Wednesday.
In a trial lasting less than four hours, the Beijing Number One Intermediate People's Court e... | 14 |
The family of detained Chinese dissident Wang Dan said on Sunday the former student leader could stand trial this week for the capital offence of plotting to overthrow the government. They said the charge was unfounded.
"Not one point in the bill of indictment broke the law, even less to speak of plotting to overthrow ... | 14 |
Detained Chinese dissident Wang Dan faces the capital charge of plotting to subvert the government based on evidence such as writings critical of the state and accepting funds from abroad, a human rights group said on Saturday.
Wang Dan's case was expected to come to trial next week, the New York-based Human Rights in ... | 14 |
China has launched a manhunt across the restive region of Tibet, tightened airport security and offered a reward of $120,000 for the arrest of culprits who exploded a bomb in Lhasa last week, officials said on Monday.
The government had announced a reward of one million yuan ($120,000) for information leading to the ar... | 14 |
Chinese police detained leading dissident Liu Xiaobo on Tuesday after searching his home and confiscating documents in the latest sign of a hardening attitude to the few dissidents still at liberty.
About seven or eight plainclothes and uniformed police, equipped with a search warrant, entered Liu's Beijing home at abo... | 14 |
China's senior leader Deng Xiaoping is spending his twilight years as an effective recluse, leaving an opportunity for power-hungry, would-be heirs fighting for his title to use his name to strengthen their hand, analysts said on Thursday.
The most blatant sign of the exploitation of the reputation of the 92-year-old e... | 14 |
One of China's most prominent dissidents, Wang Dan, is expected to receive a harsh sentence on the charge of plotting to overthrow the government, his mother said on Tuesday.
Wang, 27, would plead not guilty to the capital charge when his trial at the Beijing Intermediate People's Court begins on Wednesday, said the di... | 14 |
China's new hardline dictum to its people to battle hostile Western influences with puritan Marxist values underlines a poverty of ideas among an ageing leadership with declining credibility in a fast-changing society, analysts said on Monday.
"They don't seem to grasp that people have changed since the days when they ... | 14 |
China's Communist Party, in what it called one of its greatest ever documents, warned on Sunday against hostile Western ideas such as parliamentary democracy and capitalism and vowed to fight back with puritan Marxist values.
The 15,000-character document -- adopted at last week's annual secret plenum of the ruling par... | 14 |
China hailed on Tuesday its war on bourgeois decadence as the top news event of 1996 along with missile tests off Taiwan, but ignored improved ties with the United States and the jailing of a dozen dissidents.
The line-up of the top 10 news events in China in 1996 as selected by senior editors of the major Communist Pa... | 14 |
The U.S. government's top Asian official, Winston Lord, left China on Thursday, wrapping up a low-profile visit after talks that focused on human rights in China and problems on the Korean peninsula.
Diplomats described the meetings as frank and cordial overall, even though Lord raised the thorny issue of China's treat... | 14 |
Are you a businessman looking for generous tax breaks, lengthy tax holidays, easy loans, clean air and spectacular scenery?
Then Tibet may be your answer -- that is, if you don't mind high transport costs, frequent power outages and temperamental telephone lines.
Beijing has given unparalleled privileges to try to attr... | 14 |
China has launched a manhunt across the restive region of Tibet, tightened airport security and offered a reward of $120,000 for the arrest of culprits who exploded a bomb in Lhasa last week, officials said on Monday.
The government had announced a reward of one million yuan ($120,000) for information leading to the ar... | 14 |
Leading Chinese dissident Liu Xiaobo has been ordered to serve three years in a labour camp just hours after police detained him in an early morning raid on his Beijing home, his wife said on Wednesday.
Police had notified her early on Wednesday of the administrative sentence, which does not need a court trial, but gav... | 14 |
China's long-delayed bid to enter the World Trade Organisation will fall under the spotlight when the world's richest nations meet to discuss its application this week, European and U.S. officials said on Monday.
Delegates of the Quad -- the United States, Japan, Canada and the European Union -- will meet for lunch on ... | 14 |
China's private sector has become an important source of jobs for workers laid off by loss-making state enterprises and officials said on Thursday the jobless were able to find work despite fears of rising unemployment.
In 1995, the private sector hired 1.5 million workers made redundant from state- and collectively ow... | 14 |
The largest bomb blast reported in Tibet marks a new desperation in anti-Chinese sentiment in the restive region and offers a longed-for opportunity to officials to launch a new crackdown, analysts said on Monday.
"I think what we are seeing here is people who tend to say that the path of non-violence is not working an... | 14 |
China is dipping its toe into the freedoms of Hong Kong but is finding the water chilly -- and Beijing's latest pronouncement on freedom of expression under Chinese rule may be giving it cold feet, analysts said on Friday.
China's communist rulers are so accustomed to exercising power that is scarcely checked by law, t... | 14 |
Time in Tibet is a moveable feast.
In this far-flung outpost of Chinese rule, the clocks are synchronised with Beijing more than 2,560 km (1,590 miles) to the northeast, but dawn is two hours behind and everyone goes to work about two hours later than in Beijing.
It is not only Tibetan time that lags the rest of China.... | 14 |
Chrysler Corp. Wednesday introduced all-new versions of its Chrysler Concorde and Dodge Intrepid family sedans, part of a $2.1 billion revamp of the car line that helped rescue the automaker five years ago.
Detroit's third-largest automaker said the cars, which will reach showrooms in the fall, will stay in the same pr... | 5 |
'Twas the day before Christmas and all through the malls, retailers were looking for a last minute push for a merry holiday sales season.
Industry analysts said sales were hovering near or a shade below expectations for the holiday shopping season so far.
After a strong start, sales came in below retailers' own expecta... | 5 |
Mercury Finance Co is likely to spend a tense weekend with its bankers trying to work out arrangments to solve its liquity crisis, the failure of which could force the company to file for bankrupcty protection, analysts and attorney's said.
The Lake Forest, Illinois-based auto finance company said Friday it could not r... | 5 |
Dutch bank ABN AMRO Holding NV said Friday it agreed to pay $1.9 billion to acquire Standard Federal Bancorp, which owns the seventh-largest savings bank in the United States and the biggest in Michigan.
ABN AMRO, which already has a U.S. banking arm, the LaSalle group, said it was offering $59 a share for Standard Fed... | 5 |
McDonnell Douglas Corp. said Monday it would consider mergers and acquisitions, but not a restructuring, after the Defence Department eliminated the company from the race to build a new generation fighter jet that eventually could be worth $200 billion or more.
"We've always been interested in mergers and acquisitions ... | 5 |
Intuit Inc Wednesday launched its new, streamlined banking system on America Online Inc's online computer system, with some of the largest banks in the United States agreeing to use the product.
Intuit's BankNOW will be offered as part of America Online's Banking Center, along with products by CheckFree Corp, Online Re... | 5 |
Retailers looking for a post-Christmas rush to boost lukewarm holiday sales may be disappointed as snow in some areas and holiday exhaustion kept many shoppers from bargain-hunting Thursday.
"I think people did their shopping" before Christmas, said John Konarski, vice president at the International Council of Shopping... | 5 |
U.S. retailers reported overall sales near plan for the key December holiday shopping month Thursday, but results varied widely by store and sector with department stores appearing to take some market share from specialty stores.
"The major retailers continue to gain market share," said Michael Niemira, analyst with Ba... | 5 |
Firstar Corp's announcement on Thursday that it expected to fall short of analysts' fourth-quarter earnings estimates for what it believes are temporary factors includes one element -- a continued modest decline in commercial loans outstanding -- that could be a more lasting concern, analysts said.
The Milwaukee-based ... | 5 |
As the world's first Internet bank, Atlanta-based Security First Network Bank has had somewhat of an identity problem with potential customers.
"We get a lot of questions," Chief Executive Officer James Mahan III said. "Are you real? Are you virtual? Where are you really?"
Part consumer bank, part software testing site... | 5 |
The newly appointed chief executive officer of Meredith Corp said Monday that the company was beginning to see prices for television stations peak and come down.
That could lead to Meredith making an acqusiiton sometime in 1997, said William Kerr, who is currently president and chief operating officer of the media comp... | 5 |
Mercantile Bancorp Inc's planned $1.07 billion purchase price for Roosevelt Financial Group Inc and an expected merger-related charge of $25-$30 million after tax both appear reasonable for an in-market deal, analysts said Monday.
The St. Louis-based bank holding company said it expects to take the charge in the quarte... | 5 |
The U.S. economy should provide a repeat in 1997 of the steady growth seen in 1996, which should also lead to car and truck sales near 1996 levels, according to economists who work for the Big Three automakers.
Economists for Ford Motor Co and General Motors Corp both forecast vehicle sales between 15 million and 15.5 ... | 5 |
Freight hauler Yellow Corp. said Wednesday it could cut 1 percent to 2 percent of its workforce as part of a restructuring of its largest operating unit, Yellow Freight System.
Overland Park, Kan.-based Yellow Corp. said it has offered early retirement to 153 employees who are 55 and older and that it will announce lay... | 5 |
Struggling to stay on course away from its troubled past, Trans World Airlines Inc. now must find a new chief executive to take the helm of the troubled carrier.
How quickly it can find an experienced airline executive for the job will determine whether it stays on course or runs into more financial trouble, industry a... | 5 |
Corporate financing for a downtown Detroit sports stadium complex is in place and land acquisition nearly complete, Mayor Dennis Archer said Friday.
"We believe that we are very, very close in making it happen," Archer said at a news conference. "If property has to be taken, by condemnation or eminent domain, we will m... | 5 |
Struggling to stay on course away from its troubled past, Trans World Airlines Inc. now must find a new chief executive to take the helm of the troubled carrier.
How quickly it can find an experienced airline executive for the job will determine whether it stays on course or runs into more financial trouble, industry a... | 5 |
Olympic Financial Ltd said Tuesday it could reach a deal to sell the company by October.
"I would expect that the time frame hopefully would be sometime in October," said Warren Kantor, chairman of Olympic's executive committee, in an interview. He was referring to the process of its investment banker Donaldson, Lufkin... | 5 |
The $9.5 billion proposed acquisition of Boatmen's Bancshares Inc. by NationsBank Corp. could spark a flurry of other mergers involving Missouri banks, which until last year were protected from outside buyers by state regulations.
"NationsBank just strolled into the Midwest and bagged the biggest banking trophy in the ... | 5 |
A brisk start to holiday shopping should help retailers post solid sales gains for November and make this season merrier than last year for the nation's store chains, industry analysts said Tuesday.
But quirks in the calendar, with a later Thanksgiving this year, and some retailers tallying sales differently than other... | 5 |
Shoppers lined up outside stores Friday, some arriving before dawn to get an early start on the holiday shopping season.
The day after Thanksgiving is traditionally one of the busiest days of the year for retailers and the unofficial start of the holiday shopping season, the make-or-break time for many retailers.
With ... | 5 |
A conservative forecast for 1997, calling for profits near 1996 levels, helped push Caterpillar Inc stock lower despite record earnings reported for 1996 Tuesday.
But the outlook was also causing some analysts to question the conservatism of the Peoria-based heavy equipment maker.
"Caterpillar always looks at the glass... | 5 |
First Chicago NBD Corp chief executive Verne Istock expects to see more job cuts at the corporate banking unit as the bank tries to turn around a business that has far underperformed the rest of the company.
"I suspect as part of our restructuring of the corporate bank there'll probably be reduced head count in the cor... | 5 |
Wallace Computer Services Inc. said Thursday its directors will unanimously recommend that shareholders reject a bid by Wyser-Pratte & Co. Inc. to gain control of the computer services company's board.
Wyser-Pratte, which holds 2.3 percent of Wallace's outstanding shares, has proposed three candidates as directors ... | 5 |
First Chicago NBD Corp, while still open to acquisitions to expand its banking network, expects more retail branches to be cut over time as customers bank electronically or at supermarkets.
"As customers use more and more of those (channels), we've got to take away more of the brick and mortar" branches, Verne Istock, ... | 5 |
Magna Group Inc's planned acquisition of Homeland Bankshares Corp is not likely to alter the St. Louis-based bank holding company's own potential to be acquired, analysts said.
"It certainly doesn't make them any less attractive or likely as a takeover candidate," said Steven Schroll, a banking industry analyst at Pipe... | 5 |
Mercury Finance Co. got hit by a lawsuit charging it violated securities laws after the auto-loan company said phony bookkeeping entries had inflated its earnings and that it fired its chief accountant.
The stock, which remained halted on the New York Stock Exchange, has not traded since it closed at $14.875 on Tuesday... | 5 |
H&R Block Inc. Thursday reported a big loss for the latest quarter, as its CompuServe online service posted a $58 million loss and became more of a headache to its parent.
H&R Block had a net loss of $74.1 million, or 71 cents a share, in its second quarter ended Oct. 31, compared with a loss of $8.3 million, o... | 5 |
Mercantile Bancorp Inc would likely remain a potential target in the Missouri bank merger wave after its planned combination with Mark Twain Bancshares Inc.
"This certainly doesn't mean that Mercantile is no longer a buyout candidate," said Michael Ancell, analyst at Edward D. Jones & Co. "It's clear that the bank ... | 5 |
Mercury Finance Co. said Wednesday it found problems in its bookkeeping that caused it to overstate earnings by $90 million over four years and that its chief accountant had apparently disappeared.
The Northbrook, Ill.-based finance company said the irregularities appear to have come from unauthorized entries in financ... | 5 |
Caterpillar Inc chief financial officer Douglas Oberhelman said Tuesday that an increase in U.S. dealer new machine inventories at the end of 1996 was intentional.
"It's higher than it was a year ago and that's by design," Olberhelman said in an interview with Reuters. "As it turned out last year, we didn't have enough... | 5 |
Sears, Roebuck and Co. Thursday said earnings jumped 24.6 percent in the fourth quarter, boosted by strong sales and improved profit margins during the Christmas selling season.
"We ended the year with excellent fourth-quarter results, which are even more impressive given the strength of last year's fourth quarter," Se... | 5 |
From free gift wrapping and valet parking to sweepstakes and private scheduled visits with Santa, retail malls are pulling out the stops to attract customers during the key holiday season.
So far their efforts, as well as a strong economy, appear to be yielding results, as mall operators said they saw double-digit sale... | 5 |
First Chicago NBD Corp said Wednesday rising bankruptcy filings contributed to a rise in credit card charge offs in the fourth quarter.
Charge offs rose to 6.7 percent of managed receivables in the quarter, compared to 5.9 percent a year ago.
"The fourth quarter increase is due to a combination of factors, including a ... | 5 |
Mercantile Bancorp Inc said Monday it could still make other acquisitions while it is completing its $855 million merger with Mark Twain Bancshares Inc.
"While this will be an active project for us beginning today, it doesn't mean that we don't have additional capacity to continue," John Beirise, Mercantile's group pre... | 5 |
McDonnell Douglas Corp. stock tumbled Monday after the Defence Department eliminated the company from the race to build a new generation fighter jet that eventually could be worth $200 billion or more.
The decision was a blow to McDonnell Douglas, the nation's second-largest defence contractor and a long-time leader in... | 5 |
Mercury Finance Co.'s agreement to buy a consumer finance business fell apart Thursday after the auto-loan company said phony bookkeeping entries had inflated its earnings and it had fired its chief accountant.
At the same time, the officer blamed for the overstated earnings may be cooperating with federal authorities.... | 5 |
Caterpillar Inc. Tuesday reported record profits of $1.36 billion for 1996, spurred by a 27 percent jump in fourth-quarter earnings, but said it expected near flat results this year.
The world's largest heavy equipment maker said earnings for all of 1996 rose from 1995's $1.14 billion while revenues grew 2.8 percent to... | 5 |
Magna Group Inc. has a definitive agreement to acquire Homeland Bankshares Corp., the second-largest banking company in Iowa, for about $216 million, the companies said Tuesday.
St. Louis-based Magna will issue 5 million shares of its common stock and pay $92 million in cash in exchange for all theoutstanding Homeland ... | 5 |
Rawlings Sporting Goods Inc chief financial officer Paul Martin said on Friday the company is not for sale, although it recognizes its responsibility to shareholders.
"The company is not for sale and the company doesn't comment on takeover rumors," Martin said in a telephone interview. "Obviously, we recognize our fidu... | 5 |
Just nine months ago, shareholders and analysts were pushing for H&R Block Inc to spin off its CompuServe unit, arguing that the unit's value was being held back by H&R Block's staid tax business.
On April 19, H&R Block began that process with a public offering of about 20 percent of CompuServe Corp.
Analys... | 5 |
Aiming to fill Americans' seemingly insatiable desire for sport utility vehicles, Chrysler Corp. and Ford Motor Co. both introduced new models of the go-anywhere vehicles Tuesday at the North American International Auto Show.
The plush Lincoln Navigator and the brawny Dodge Durango were introduced a day after General... | 5 |
Most banks in the U.S. Midwest are expected to post third quarter earnings gains of 10 percent or more as the strong economy continues to generate loan growth, cost-cutting programs show results and credit quality remains reasonably sound.
"It looks like credit quality trends should hold up very well," said Michael Anc... | 5 |
Dayton Hudson Corp., the nation's fourth-largest retailer, Tuesday reported higher third-quarter results, giving added credence to analysts' projections of an industrywide strong holiday shopping season.
Women's retail chains Ann Taylor and The Limited also posted higher results.
General merchandise retailers should po... | 5 |
Equity Residential Properties Trust, a real estate investment trust led by Chicago real estate investor Sam Zell, agreed Friday to buy Wellsford Residential Property Trust( in a deal valuing Wellsford at $1 billion.
The deal would make Equity Residential, which is already the largest publicly traded apartment building ... | 5 |
Caterpillar Inc., the world's largest construction and mining equipment maker, Tuesday reported record third-quarter profits of $310 million, up 45 percent from $213 million a year ago.
Sales jumped to $4.03 billion from $3.73 billion, while earnings per share rose 50 percent to $1.61 from $1.07.
The results exceeded e... | 5 |
Mercury Finance Co. said Wednesday it found problems in its bookkeeping that caused it to overstate earnings by $90 million over four years and that its chief accountant had apparently disappeared.
The Northbrook, Ill.-based finance company said the irregularities appear to have come from unauthorised entries in financ... | 5 |
A brisk start to holiday shopping should help retailers post solid sales gains for November and make this season merrier than last year for the nation's store chains.
But quirks in the calendar, with a later Thanksgiving this year, and some retailers tallying sales differently than others, could obscure overall results... | 5 |
Caterpillar Inc. said Tuesday it is prepared to unilaterally impose employment terms, effective Oct. 1, on employees represented by the United Auto Workers after declaring an impasse in talks with the union.
The impasse revolves around the firings of some union workers before and during the 17-month strike against the ... | 5 |
Mercantile Bancorp Inc. said Monday it agreed to acquire Roosevelt Financial Group Inc. for about $1 billion in cash and stock, a move that would create the largest bank in Missouri.
The companies said the acquisition will create the largest locally managed and independently owned financial services organisation based ... | 5 |
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