International Business News - GRMN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Navigational device maker Garmin Ltd. announced Friday that it has signed a letter of intent to acquire Sportmanship International AB, the distributor of Garmin's consumer products in Sweden. http://www.ibtimes.com/articles/20081003/garmin-announces-deal-for-swedish-distributor.htm Fri, 03 Oct 2008 09:53:35 EDT Garmin Ltd. has settled a trademark infringement lawsuit filed earlier this year by an Internet telephone provider over Garmin's new wireless phone. Nuvio Corp. claimed in a lawsuit filed in federal court in Kansas City, Kan., in February that the proposed Nuvifone name violated the company's trademark and would confuse customers into thinking Nuvio was connected with the device. http://www.ibtimes.com/articles/20080905/garmin-settles-lawsuit-involving-nuvifone.htm Fri, 05 Sep 2008 12:27:19 EDT Like millions of motorists, Eric Hanson used a GPS unit in his Chevrolet TrailBlazer to find his way around. He probably didn't expect that prosecutors would eventually use it too--to help convict him of killing four family members. http://www.ibtimes.com/data/articleimgs/117838-gps-evidence.jpg http://www.ibtimes.com/articles/20080828/small-gps-devices-help-prosecutors-win-convictions.htm http://www.ibtimes.com/articles/20080828/small-gps-devices-help-prosecutors-win-convictions.htm Thu, 28 Aug 2008 16:16:53 EDT Navigation device company Garmin Ltd. on Thursday said it completed the acquisition of its Austrian distributor Puls Elektronik GmbH. The company will be renamed Garmin Austria GmbH and retain its management, sales, marketing and supporting staff, consisting of approximately 30 people. It will also continue operations at its current headquarters located in Nestelbach/Graz, Austria. http://www.ibtimes.com/articles/20080731/garmin-closes-buyout-of-its-austrian-distributor.htm Thu, 31 Jul 2008 16:09:48 EDT Among the earnings stories for Wednesday, July 30, from AP Financial News: KANSAS CITY, Mo. (AP)--Garmin Ltd. shares dropped almost 15 percent Wednesday after the navigational device maker said its second-quarter earnings missed Wall Street expectations, it forecast limited growth for the rest of the year and said it was delaying its entrance into the cell phone market. http://www.ibtimes.com/articles/20080730/earnings-roundup-garmin-lubrizol.htm Wed, 30 Jul 2008 14:54:12 EDT Among the earnings projection stories for Wednesday, July 30, from AP Financial News: COLUMBUS, Ind. (AP)--Cummins Inc., which makes engines and related components, lifted its full-year sales forecast on Wednesday. http://www.ibtimes.com/articles/20080730/outlook-roundup-cummins-garmin.htm Wed, 30 Jul 2008 14:52:48 EDT Among the stock activity stories for Wednesday, July 30, from AP Financial News: NEW YORK (AP)--Shares of Starbucks Corp. fell slightly on Wednesday as investors prepared for the company's fiscal third-quarter earnings report, just one day after the coffee chain said it is cutting almost 1,000 office jobs to help boost profit. http://www.ibtimes.com/articles/20080730/movers-roundup-starbucks-garmin.htm Wed, 30 Jul 2008 14:34:34 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080730/comcast-wyeth-corning-garmin-are-big-movers.htm Wed, 30 Jul 2008 16:27:54 EDT Garmin Ltd. shares dropped more than 16 percent Wednesday after the navigational device maker said its second-quarter earnings missed Wall Street expectations, it forecast limited growth for the rest of the year and said it was delaying its entrance into the cell phone market. http://www.ibtimes.com/articles/20080730/garmin-falls-on-earnings-lower-2008-outlook.htm Wed, 30 Jul 2008 12:00:40 EDT Personal navigation device maker Garmin Ltd. on Wednesday lowered its full-year outlook and said it is delaying the launch of its nuvifone device. The news sent shares tumbling to $5.76, or 12.8 percent, to $39.30 in morning trading. Shares hit a new 52-week low of $38.70 earlier in the session. http://www.ibtimes.com/articles/20080730/garmin-lowers-full-year-profit-revenue-guidance.htm Wed, 30 Jul 2008 10:44:29 EDT Among the earnings stories for Wednesday, July 30, from AP Financial News: BRUSSELS, Belgium (AP)--ArcelorMittal SA, the world's largest steelmaker, said Wednesday its second-quarter profit more than doubled as it increased steel prices to defray higher costs for energy and iron ore. http://www.ibtimes.com/articles/20080730/earnings-roundup-arcelormittal-garmin.htm Wed, 30 Jul 2008 11:19:51 EDT Garmin Ltd. shares plummeted almost 22 percent Wednesday after the navigational device maker reduced its expectations for the year and said it was delaying its entrance into the cell phone market. http://www.ibtimes.com/articles/20080730/garmin-2nd-quarter-profit-jumps-20-percent.htm Wed, 30 Jul 2008 17:14:13 EDT TomTom NV, Europe's largest maker of car navigational devices, reported a 24 percent drop in second-quarter profit Tuesday, but said its share of the U.S. market soared and held its outlook for the year. http://www.ibtimes.com/articles/20080722/gps-maker-tomtom-says-profits-down.htm Tue, 22 Jul 2008 12:12:27 EDT Finland's Nokia Corp. said Thursday it has completed its $8.1 billion acquisition of U.S. digital mapmaker Navteq Corp. Nokia said the addition of Navteq will help it add context to its mobile Web services. http://www.ibtimes.com/articles/20080710/nokia-completes-8-1b-acquisition-of-navteq.htm Thu, 10 Jul 2008 10:16:02 EDT European regulators cleared Nokia's takeover of U.S. digital mapmaker Navteq on Wednesday, saying the deal would be unlikely to shut off rivals' access to digital maps. http://www.ibtimes.com/articles/20080702/eu-clears-nokia-to-buy-mapmaker-navteq.htm Wed, 02 Jul 2008 07:46:11 EDT The Nasdaq 100 index edged higher on Friday, even though the broader market declined on record-high oil prices and turmoil in the credit markets. The Nasdaq 100 index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, rose 0.33 points, or 0.02 percent, to 1,855.72. The broader Nasdaq composite fell 5.74 points, or 0.25 percent, to 2,315.63. http://www.ibtimes.com/articles/20080627/nasdaq-100-leaders-and-laggards-siri-wynn.htm Fri, 27 Jun 2008 17:46:15 EDT A dip in the price of oil lifted airline stocks, including UAL Corp. and Ryanair Holdings PLC, helping send the Nasdaq 100 to a higher close on Friday. http://www.ibtimes.com/articles/20080613/nasdaq-100-leaders-and-laggards-uaua-leap.htm Fri, 13 Jun 2008 16:58:57 EDT The Nasdaq 100 index ended lower Tuesday, with the largest percentage losses recorded by chip maker Nvidia Corp., Garmin Ltd., and Virgin Media Inc. The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, fell 7.17 points to 1,972.54. The broader Nasdaq composite fell 10.52 points to 2,448.94. http://www.ibtimes.com/articles/20080610/nasdaq-100-leaders-and-laggards-nvidia-amylin.htm Tue, 10 Jun 2008 16:33:19 EDT The Nasdaq 100 index slipped in midday trading Tuesday as crude-oil prices continued their upward trek and Federal Reserve Chairman Ben Bernanke said a substantial economic downturn seems unlikely, raising speculation interest rates may go up. http://www.ibtimes.com/articles/20080610/midday-leaders-and-laggards-nasdaq-100.htm Tue, 10 Jun 2008 12:01:04 EDT Shares of Amylin Pharmaceuticals Inc. helped pull the Nasdaq 100 index lower Monday as investors worried over increased competition for its diabetes drugs. http://www.ibtimes.com/articles/20080609/midday-leaders-and-laggards-nasdaq-100.htm Mon, 09 Jun 2008 12:23:39 EDT