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Business news AOL Lauches Triton All-In-One Communications Service
Nov. 22, 2005 By Antone Gonsalves America Online has taken out of beta its desktop application for instant messaging, e-mail, mobile text messaging and other types of services. America Online Inc. on Tuesday launched out of beta a communications service that offers instant messaging, email, mobile text messaging and voice and video chat services from one desktop application. Called Triton, the service is an overhaul of the Dulles, Va., company's AIM ... Korea confirms Apple, Samsung Flash deal probe
By Tony Smith 23 Nov 2005 11:34 Enquiry to take in other arrangements between the two firms South Korean Fair Trade officials have confirmed they are probing an alleged deal struck by Apple and Samsung to supply NAND Flash chips at below the market rate. In October, a month after Apple launched the Flash-based iPod Nano, Korean Fair Trade Commission (KFTC) chairman Kang Chul-kyu said he was considering an investigation into whether Apple and Samsung had behaved ... U.S. jobless claims rise
WASHINGTON, Nov. 23 (UPI) -- U.S. jobless claims rose unexpectedly last week to 335,000, the Labor Department reported Wednesday. First-time applications for state unemployment benefits hit 335,000 for the week ending Nov. 19. That's an increase of 30,000 over the previous week's 305,000 claims. Economists had expected there to be about 310,000 first-time jobless claims. The four-week moving average was 323,250, an increase of 1,250 from the previous ... New AT&T Unveils Logo
NOVEMBER 21, 2005 SAN ANTONIO -- The new AT&T (NYSE: SBC - News) began its first day as the nation's largest telecom company by introducing a revitalized corporate logo. "Today's shift to a new brand and a new look symbolizes the strategic transformation under way at the new AT&T. It also reflects the fact that, while our brand has a long and proud heritage, the attributes that bring it to life for our customers are as fresh and new as ever," said Edward E. Whitacre ... US ruling unlikely to stifle sales of GSK's asthma drug
SHARES in GlaxoSmithKline were predictably wheezy yesterday amid new guidance from American drug regulators that could dent the future prospects for the drug maker’s biggest selling medicine, Advair. In ruling that the treatment should be made available only to asthmatics only as a last resort, the Food and Drug Administration appears to cap the growth potential of GSK’s single most important drug. Advair already generates sales of more than £700 million a ... Currencies: Euro slips as Trichet sows rate confusion
MONDAY, NOVEMBER 21, 2005 NEW YORK The dollar jumped against the euro on Monday after Jean-Claude Trichet, the European Central Bank president, said the bank was not necessarily planning a series of interest rate increases. Trichet told the European Parliament's Committee on Economic and Monetary Affairs on Monday, "I don't see at all, ex ante, the start of a series of augmentation of interest rates." Michael Jansen, currency strategist at ... WTO strategy finetuned, all set for Hong Kong
ECONOMY BUREAU Posted online: Tuesday, November 22, 2005 NEW DELHI, NOV 21: The group of ministers (GoM) on World Trade Organisation (WTO) issues met on Monday to take a view on Indiaâ??s negotiating strategy for the Hong Kong ministerial meet next month in the backdrop of the recent developments at the multilateral forum. Speaking to reporters after the meet, a top ministry official said that the negotiating strategy had more or less been finalised. Small gadgets to spark flash-memory surge
By Michael Singer Staff Writer, CNET News.com Published: November 21, 2005, 4:00 PM PST update Soaring demand for consumer gadgets like the iPod and digital cameras has pushed Intel and Micron Technology into an unlikely partnership to produce the flash memory that makes storing lots of data in a small space possible. On Monday, the tech duo announced a $5.2 billion joint venture that will produce NAND flash memory for Apple Computer. Apple's Nano ... Drug label change wipes £4bn off Glaxo value
By Louisa Nesbitt, PA Published: 21 November 2005 More than £4 billion was wiped off the value of GlaxoSmithKline (GSK) today after authorities proposed changes to the way its best-selling asthma drug is labelled in the United States. Glaxo shares slumped 5% after the US Food and Drug Administration (FDA) recommended Advair should only be used by patients who have not responded to other medication. The drugs giant said it disagreed with the FDA, which ... Fiasco exposes Chinese stockpile
By Simon Casey and Xiao Yu Bloomberg News MONDAY, NOVEMBER 21, 2005 BEIJING China is disclosing its holdings of copper for the first time, as the nation seeks to limit losses from a trader's wrong-way bet on a drop in prices. The State Reserve Bureau, the country's metal stockpiling agency, said on its Web site on Nov. 9 that it would sell 20,000 tons of copper. A week later, it announced another sale of the same amount. The statements, ... Trump to join Emirates developer
DUBAI, United Arab Emirates -- U.S. real estate and gambling kingpin Donald Trump is joining forces with top Emirates developer Nakheel LLC to build a tulip-shaped hotel on a man-made island shaped like a palm tree. The deal that Nakheel announced Wednesday brings together two of the world's flashiest developers, and marks Trump's first foray into the Middle East. Nakheel says it has 14 projects worth $30 billion completed or planned. Read more Airlines get pension fund extensions
U.S. senators reached an agreement on airline pension legislation that would extend assistance to two more carriers, American Airlines and Continental Airlines Inc., Senator Charles Grassley said. The bill gives Delta Airlines Inc. and Northwest Airlines Corp. 14 years to make pension payments otherwise due in a few years. The "leniency" would be extended to Continental and AMR Corp.'s American under the bill, Grassley, chairman of the Senate Finance Committee, said Wednesday. A vote by the ... Dell opens controversial plant
By CNET News.com Staff, CNET News.com Published on ZDNet News: October 5, 2005, 3:03 PM PT Dell on Wednesday opened a controversial $100 million manufacturing plant in Winston-Salem, N.C., despite a lawsuit that could force the company to pay back nearly $300 million in state and local tax breaks. The 750,000-square-foot facility, now the largest of Dell's three U.S. plants, drew fire from critics who are angered that North Carolina taxpayers are subsidizing ... U.S. to review textile petitions on China
MARTIN CRUTSINGER Associated Press WASHINGTON - The Bush administration announced Wednesday it has accepted petitions from the U.S. textile industry to launch investigations into whether quotas should be imposed on 21 categories of clothing and textile imports from China. The decision further escalates a trade battle between the two nations and is expected to bring more pressure to bear on China to settle the disputes by reaching a comprehensive ... EA settles overtime lawsuit
ARTIST JOB RECLASSIFICATIONS AND $15.6 MILLION DUE By Nicole C. Wong Mercury News Electronic Arts said Wednesday it will pay $15.6 million and re-classify some salaried employees as hourly workers to settle a class-action lawsuit brought by artists against the world's largest video game maker for unpaid overtime. In the coming weeks, entry-level computer graphic artists in the United States will be able to start earning overtime pay and ... Viacom Spells Out Terms Of Cable-Broadcast Split
The Wall Street Journal reports that Viacom has moved closer to dividing into two companies, filing a prospectus with the SEC to outline details of the split. As announced earlier this year, Viacom plans to separate its cable network and film operations from its broadcast TV and radio businesses. After the split, the Viacom name will be retained by the cable and film company. A new company -- CBS Corp -- will be formed to include the CBS and UPN TV ... Airbus gives go-ahead to new A350
The board of Airbus parent firm EADS has confirmed the development of the A350, a new mid-sized aircraft. Designed to compete with Boeing's forthcoming 787 Dreamliner, the A350 is expected to cost 4.35bn euros ($5.3bn; £3m) to develop. Franco-German EADS, which owns 80% of Airbus, said it hoped to get 200 orders for the A350 by the end of this year. EADS also said it will forgo state aid for the A350 to try to calm a subsidies row between Europe and the US. ... Website reveals high cost of roaming
Staff and agencies Wednesday October 5, 2005 British tourists are paying more than many of their European counterparts on mobile phones call made abroad, according to new research by the European Commission. The Commission found that a British tourist making or receiving a call in Italy would be charged 50% more than a French visitor to the same country. Of the major UK providers, Orange emerged as the cheapest on which to make or receive a ... Georgia-Pacific to cut 850 jobs
Green Bay mill to take brunt of restructuring By JOEL DRESANG and RICK ROMELL Posted: Oct. 4, 2005 Georgia-Pacific Corp. dealt another cut to Wisconsin's tattered paper industry, announcing Tuesday that its Green Bay operations would take the brunt of reductions aimed at improving North American profitability. The Atlanta paper and building products company plans to eliminate 850 jobs in North America and said its Broadway mill, which employs nearly ... Business leaders team up to fight piracy
Talk the talk, walk the plank Business leaders from across a wide spectrum of industries including entertainment, pharmaceuticals, and software companies met in London yesterday to globalise industry's fight against counterfeiting and piracy. High on the agenda was a discussion on how their individual anti-piracy efforts can be coordinated. The meeting was organised by the BASCAP (Business Action to Stop Counterfeiting and Piracy) - an initiative of the International Chamber ... Business Objects makes visual purchase
Channel Buy, buy, launch, launch, buy By Guy Matthews: Wednesday 05 October 2005, 10:31 BUSINESS intelligence vendor Business Objects is to acquire privately-held visualisation software specialist Infommersion for around $40m. This is merely the latest in a spree of acquisitions for Business Objects, and follows last week’s launch of Business Object XI which features a new structured command system. Infommersion develops information ... Sprint Nextel Sues Vonage, Others In VoIP Patent Dispute
Oct. 4, 2005 The patents cover technology related to the processing and delivery of voice and data packets used in Internet telephony. By Antone Gonsalves TechWeb News Sprint Nextel Corp. on Tuesday said it has sued Vonage Holdings Corp., Voiceglo Holdings Inc. and Theglobe.com Inc., accusing them of infringing on seven patents related to Internet telephony technology. The patent-infringement lawsuit, filed in federal court in ... Sirius Adds Users
Sirius Satellite Radio (SIRI:Nasdaq - commentary - research - Cramer's Take) said it added 359,000 new net subscribers during the third quarter. The New York-based pay radio shop said once again that it remains on track to have 3 million subscribers by year-end. Sirius had 2.17 million users at the end of the quarter ended Friday. The news comes a day after Washington-based rival XM Satellite Radio (XMSR:Nasdaq - commentary - research - Cramer's Take) said it added ... Jefferson's smiling, not smirking, on new nickel
October 5, 2005 WASHINGTON, D.C. -- After nearly 100 years of depicting presidents in somber profiles, the U.S. Mint is trying something different: The new nickel shows Thomas Jefferson, facing forward, with the slightest hint of a smile. "It isn't a silly smile or a smirk, but a sense of optimism," said Jamie Franki, an associate professor of art at the University of North Carolina, Charlotte, whose design was chosen from 147 entries. The nickel, called ... Briton appointed to monitor Microsoft
October 05, 2005 A British specialist in IT security has been appointed to monitor Microsoft's compliance with the European Commission's antitrust verdict The battle between the European Commission and Microsoft entered a new phase on Wednesday with the appointment of professor Neil Barrett as a Commission "trustee" charged with ensuring that Microsoft complies with the remedies imposed after it lost its antitrust case with the EU last year. US Treasury Secretary to Visit Japan, China From 10 October
2005-10-04 BBC Monitoring Asia Pacific Excerpt from report in English by Japanese news agency Kyodo Washington, 3 October: US Treasury Secretary John Snow will visit Japan and China next week, with Federal Reserve Board Chairman Alan Greenspan joining him in Beijing to attend an international gathering and a US-China economic meeting, the Treasury Department said Monday [3 October]. Snow will first travel to Tokyo and hold talks with ... Disability insurer settles
Oct. 04, 2005 REQUIRED POLICY REWRITE COULD EVENTUALLY BE APPLIED TO ALL PROVIDERS By Matthai Chakko Kuruvila Mercury News California Insurance Commissioner John Garamendi Monday announced a settlement with the nation's largest disability insurer, slapping it with an $8 million fine and allowing roughly 26,000 Californians to reopen claims against the company. As part of the settlement, UnumProvident will rewrite its ... Convicted former Tyco executives denied bail
BY KAREN FREIFELD STAFF WRITER October 4, 2005 Former Tyco chief executive L. Dennis Kozlowski won't be throwing another toga party anytime soon. A New York appeals judge yesterday denied Kozlowski's request for bail while he appeals his convictions for stealing about $150 million from the conglomerate and gaining another $430 million by manipulating the stock price. Appellate Division Judge Angela Mazzarelli also denied bail to ... Music publishers' royalty hunger stops Microsoft subs service dead
Tuesday 4th October 2005 Microsoft has cut short licensing talks with the four major record companies, according to unnamed sources cited by the Wall Street Journal (subscription required). The software giant was thought to be in negotiations to launch a music subscription service similar to those offered by Napster, Real and Yahoo!. However it appears to have baulked at royalty rates being demanded by EMI, Universal, Warner Music and Sony BMG. The record ... Yellow pages rival will buy Dex
Tuesday, October 4, 2005 By PAUL NOWELL THE ASSOCIATED PRESS CHARLOTTE, N.C. -- R.H. Donnelley Corp. said Monday that it is buying its larger rival Dex Media Inc. for $4.2 billion, creating the country's third-largest yellow pages company. The deal creates a major player in the increasingly consolidating yellow pages industry, which despite emerging threats from Google Inc. and Yahoo! Inc. remains a highly profitable business that has attracted ... | ||
On the web: Chevron may sell refineries to optimize business: executive (Reuters via Yahoo! News)Chevron Corp may sell refineries as it continues to focus its downstream business on Asia-Pacific markets, a company vice president said on Tuesday during a presentation to Wall Street analysts. Toshiba to Speed Up Reorganization of Chip Business (Update1) (Bloomberg)Dec. 3 (Bloomberg) -- Toshiba Corp. , Japan's largest chipmaker, said it will speed up reorganization of its semiconductor business amid a “dire” business environment. Chrysler: Warns it needs loan to stay in business (Detroit News)The smallest and weakest of Detroit's automakers said it may not be able to keep its business going beyond March if it does not obtain $7 billion in bridge loans from the government this month. K.K.R. To Take Stake in Chinese Dairy Business (New York Times)Kohlberg Kravis Roberts plans to invest $100 million in a Chinese dairy-farm business, Bloomberg News reported. Obituary: Miles L. Bausch / Jovial high school business teacher, respected antiques enthusiast (Pittsburgh Post-Gazette)Miles L. Bausch spent 30 years teaching business to high school students and longer than that selling antiques, bringing a fun-loving passion to educating others through both endeavors. Mr. ThePort Network Raises $4.1 Million Second Round Led By American City Business Journals (paidContent.org via Yahoo! Finance)Social media company ThePort Network has raised $4.1 million in a second round led by American City Business Journals. Existing investors Lee Enterprises , Atlanta-based start-up investor Imlay Investments, and angel investor Robert Jetmundsen also participated. Nokia Shuts Handset Business in Japan (Computer Business Online via Yahoo! UK & Ireland News)Nokia has announced plans to discontinue mobile device sales and marketing activities in Japan as part of its effort to sharpen its business focus and priorities. The company said it will now only sell its luxury brand Vertu phones in Japan. Kimball Hill to go out of business (Daily Herald)Kimball Hill Homes, an institution in the Northwest suburbs for 55 years, will be going out of business, the company announced Tuesday. No, the iPhone Doesnt Appeal to Business Customers at All (AllThingsD Online via Yahoo! Finance)$500 fully subsidized with a plan! I said that is the most expensive phone in the world and it doesn't appeal to business customers because it doesn't have a keyboard which makes it not a very good email machine. ...Right now we're selling millions and millions and millions of phones a year, Apple is ... Personal Finance Daily: A good city for business needs to be a good place to live too (Market Watch)Whenever you see a survey or study about the best places to do business, you are also looking at a list of good places to live. It's not that business-friendly cities are automatically residential-friendly. But as human-resource professionals will tell you, you can't grow a business in a place where you can't attract talented employees. |
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