Business and Finance News
ITT posts higher 2Q earnings, flat revenue
Sign on San Diego
WHITE PLAINS, N.Y. Defense contractor ITT Corp. said Friday its second-quarter net income got a boost from better operating margins with revenue nearly flat. The company earned $238 milli...
Chrysler to add 900 jobs to midsize-car plant
Seattle Post-Intelligencer
THE ASSOCIATED PRESS DETROIT -- Chrysler says it will add nearly 900 jobs early next year at a factory in suburban Detroit that makes midsize cars. The company says the factory in Sterling Heights...
Chevron Triples Earnings to $5.41B in 2Q10
Rigzone
Chevron reported earnings of $5.41 billion ($2.70 per share - diluted) for the second quarter 2010, compared with $1.75 billion ($0.87 per share - diluted) in the 2009 second quarter. Foreign currency...
Microsoft Bing Cashback Program Ends
NPR
July 30, 2010 Microsoft is pulling the plug Friday on a program that paid people to use its Bing search engine. The company said it did not see the broad adoption of the search engine that it had ho...
Escalade Reports $0.15 Earnings per Share in Q2
Market Wire
ESCA ) announced that revenues for the second quarter of 2010 were slightly higher than the same quarter last year and that profitability was significantly improved. Increased profitability is a di...
Earnings Watch: Updates, advisories and surprises
MarketWatch
-2.51% ) said Friday its second-quarter net income dropped 28% to $244 million, or 44 cents a share, from $311 million, or 61 cents a share, in the year-ago period. The Newark, N.J.-based electric p...
Merck's No Buy After Earnings Fall
Forbes
) said Friday that its second quarter profit plunged 52% from last year, hurt by several one-time items, but adjusted profit beat analyst expectations. The Kenilworth, NJ-based compared reported se...
Merck's No Buy After Earnings Fall
Forbes
) said Friday that its second quarter profit plunged 52% from last year, hurt by several one-time items, but adjusted profit beat analyst expectations. The Kenilworth, NJ-based compared reported se...
Chevron triples earnings on higher oil prices
Earth Times
energy firms.Revenue for San Ramon, California-based Chevron rose 29 per cent over the year-earlier period to 51.1 billion dollars.It reported recovery in its problem-plagued refinery business, but pr...
Perdue expected to announce Caterpillar win
Business Journal
Gov. Beverly Perdue is expected to announce today that Caterpillar has chosen Winston-Salem as the site of its new manufacturing plant and more than 500 jobs. A press conference has been scheduled fo...
ITT posts higher 2Q earnings, flat revenue
The Seattle Times
WHITE PLAINS, N.Y. — Defense contractor ITT Corp. said Friday its second-quarter net income got a boost from better operating margins with revenue nearly flat. The company earned $238 million, ...
Rangers Restructuring Officer Endorses New Ryan Bid
Business Week
July 30 (Bloomberg) -- The Texas Rangers, the bankrupt Major League Baseball team, got an “enhanced” bid from a buyer group led by Nolan Ryan and Chuck Greenberg that was endorsed by the c...
Roche to Face Hollywood Stars in Accutane Trial
Business Week
July 30 (Bloomberg) -- Roche Holding AG faces a lineup of Hollywood stars in the New Jersey trial of an actor’s lawsuit alleging he suffered the loss of his colon after taking the company’...
Greek Truck Drivers Vote to Continue Five-Day Strike
Business Week
July 30 (Bloomberg) -- Greek truck drivers voted to defy a government order and continue their five-day strike, which has caused nationwide fuel shortages, after talks with Transport Ministry official...
Microsoft opening MOA retail store
Business Journal
. The Redmond, Wash.-based company has expanded its retail presence in recent months, opening stores in Arizona, California and Colorado. A spokesperson with Bloomington-based Mall of America confir...
Microsoft CEO sees iPad rival as 'Job One'
Business Journal
's iPad is "Job One" at his company these days. "(Apple has) sold certainly more than I'd like them to sell, let me just be clear about that," Ballmer said. Despite the f...
Indian Hotels to raise room rates this year
Times Of India
MUMBAI: Tata Group-controlled Indian Hotels Co Ltd (IHCL) plans to raise its room rates this year, a senior company official said on Friday. "Occupancy has bounced back smartly in the last two q...
U.S. consumers feel more downtrodden in July
MSNBC
NEW YORK — U.S. consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released Frid...
Disney to sell Miramax for over $660 million
MSNBC
LOS ANGELES — Walt Disney Co. has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC, endin...
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