| Dailmer chief Schrempp to quit by year end - Jul 28, 2005 20:23 IST |
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DaimlerChrysler AG Chief Executive Juergen Schrempp, whose 1998 takeover of Chrysler Corp. created the world’s fifth-largest carmaker, will step down on Dec. 31. The company’s stock had its biggest gain in three years.
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| Amazon Posts Lower Profit, Higher Sales - Jul 28, 2005 19:25 IST |
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Amazon.com posted a 32 percent drop in quarterly profit yesterday due in part to higher tax expenses, but the online retailer beat Wall Street targets as a new discount shipping program, although costly, drove sales higher.
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| Microsoft Reports Higher Q4 Profits - Jul 22, 2005 15:3 IST |
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Microsoft on Thursday announced higher fourth quarter profits but shares of the software maker slumped as sales fell short of analyst expectations and Microsoft’s forecast of a weaker current quarter.
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| Whirlpool to Buy Maytag for $2.3B - Jul 18, 2005 9:3 IST |
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Benton Harbor, Mich. -- Whirlpool Corp. on Sunday announced an offer to acquire the appliance maker Maytag Corp. for $2.3 billion. This is a lot higher than an earlier offer by Triton Acquisition Holding Co.
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| General Electric Q2 Earnings Soar - Jul 17, 2005 9:6 IST |
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NEW YORK — General Electric’s second-quarter earnings jumped 24 percent as profits surged across all 11 of its business units and prompted the company to tighten its full-year forecast, it reported yesterday.
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| Southwest Airlines 2Q Profit Soars 41 Percent - Jul 17, 2005 9:0 IST |
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Dallas - Low-cost carrier Southwest Airlines Co. said Thursday that second-quarter profit rose 41 percent from a year ago, as fare increases helped offset a 25 percent rise in fuel costs per gallon. Its shares climbed more than 5 percent.
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| Enron Announces Agreement to Settle Disputes Related to Western - Jul 16, 2005 9:3 IST |
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Enron Corp. announced today that it has reached an agreement to settle civil claims between the company (and certain of its subsidiaries) and certain other parties related to natural gas and electricity transactions in the Western United States from 1997-2003, including claims filed in proceedings with the Federal Energy Regulatory Commission (FERC). The parties entering into the settlement agreement with Enron are Pacific Gas & Electric Company, Southern California Edison Company, San Diego Gas & Electric Company, the People of the State of California, the California Department of Water Resources, the California Electricity Oversight Board, and the Attorneys General of the States of Oregon and Washington. Other potential Western U.S. energy market participants may determine to opt-in to the settlement at a later date.
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| IBM plans "Broadband over Power Lines" - Jul 12, 2005 15:38 IST |
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IBM has teamed up with CenterPoint Energy Inc on an initiative aimed at delivering high-speed internet service through electric power lines.
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| LG.Philips, Sony lead Asian Stocks Rise - Jul 12, 2005 12:14 IST |
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Asian stocks rose after LG.Philips LCD Co., the world’s biggest maker of liquid crystal displays, reported higher-than-expected profit and said prices will rise this quarter. Sony Corp. led gains by technology companies.
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| VNU to Acquire IMS Health for $6.9 Billion - Jul 11, 2005 17:37 IST |
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Dutch media company VNU NV agreed on Monday to buy healthcare data provider IMS Health Inc. for $6.9 billion in cash and stock to double its size and substantially increase its presence in the United States.
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| Disney Calls Truce with Kin of Founder - Jul 10, 2005 13:59 IST |
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The Walt Disney Co. and two former directors, who have waged a bitter two-year fight, have agreed to a truce, including dropping a contentious shareholder lawsuit challenging the selection of the company’s new chief executive officer.
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| No Frills Airlines, How viable for Indian Market? - Jul 8, 2005 21:50 IST |
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Low costs! No Frills! Exciting Prices! How viable is it all for the Indian market? Lows cost airlines in India have gone from a couple of players to 11 waiting for approval to take to the skies.
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| Deutsche Telekom likely to sell T-Mobile USA - Jul 5, 2005 8:47 IST |
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Is Deutsche Telekom seriously planning to sell off of T-Mobile USA. Deutsche Telekom is apparently also considering another alternative of investing a huge amount of funds into T-Mobile to revive the business. Both the rumors are going strong and officials from either company have not released any official statement to this effect.
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| Microsoft to Pay IBM $775 Million in Settlement - Jul 2, 2005 8:58 IST |
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Microsoft agreed on Friday to pay IBM $775 million to settle claims growing out of the antitrust lawsuit brought by the Justice Department against Microsoft in 1995. IBM will also receive a $75 million credit toward the use of Microsoft software.
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| MBNA sale rose from the wreckage of 2 crashes - Jul 1, 2005 7:31 IST |
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When Bruce Hammonds, chief executive of MBNA, stepped into the company’s helicopter in Manhattan with five senior executives on a Friday last month, the mood was jovial.
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| Rate up, and no end in sight to hikes - Jul 1, 2005 7:29 IST |
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WASHINGTON -- The Federal Reserve’s statements are often more important for what they do not say. And what the Fed did not say Thursday moved the markets.
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| 3M chief new CEO of Boeing - Jul 1, 2005 7:29 IST |
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Aerospace giant The Boeing Co. turned Thursday to 3M CEO W. James McNerney Jr. in a bid to restore stability and high ethical standards to the company’s top job.
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| Panel OKs plastic for realty tax - Jul 1, 2005 7:25 IST |
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Cook County taxpayers are one step closer to having the option of paying their property-tax bills using a credit card after a county committee supported the idea Thursday.
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| Oil Prices Rise Toward $57 a Barrel - Jul 1, 2005 7:25 IST |
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Traders shrugged off a rise in OPEC’s official production ceiling Friday and took bullish positions ahead of Monday’s U.S. holiday, pushing the price of crude oil close to $57 a barrel.
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