Result Page 816 for Latest Companies News & Archive

Wachovia Seeks $7 Bln After Surprise Loss

Wachovia Corp., the fourth largest U.S. bank, reported a first quarter loss on Monday and said it would strengthen its balance sheet by cutting the shareholder dividend and raising $7 billion in capital.

Breast Cancer Vaccine Reduced Death Risk Significantly

An experimental vaccine to spur the immune system to fight breast cancer seemed to reduce the risk of death in a significant number of women, according to a clinical trial monitored by the U.S. military.

Blockbuster Eyes Circuit City

Blockbuster Inc., the largest movie-rental chain, made an unsolicited $1.35 billion offer to buy Circuit City Stores Inc. to acquire all of its outstanding shares for at least $6 a share in cash.

American Axle Proposes Contract As Talks Continue

American Axle & Manufacturing Holdings Inc. offered the United Auto Workers union a new labor proposal on Friday as workers continue a six week strike.

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Tata Motors, Fiat JV to invest $585 million, ramp up production

Fiat India Automobiles (FIA), the equal joint venture between India's Tata Motors and Italy's Fiat, will invest Rs.2341 crore ($585 million) on its Ranjangaon facility in western Maharashtra to double output to 200,000 cars in four years as well as expand engines and transmissions output to 300,000 units from 200,000 and also boost parts and accessories during the same period.

American Raises Ticket Prices While Cancellations Persist

AMR Corp., parent of delay-riddled American Airlines, joined other major U.S. carriers on Friday in a move to increase its ticket prices.

Analyst: High Crude Prices Advances Delta-Northwest Talks

Credit Suisse upgraded Delta Air Lines Inc and Northwest Airlines Corp to outperform from neutral, and said the merger between the companies is near certainty.

FTSE falls on Friday

The FTSE 100 share index fell 69.6 points to 5,895.5 on Friday (down 1.2 per cent) after earlier gains nearly took the index above the 6000 point mark.

Heathrow T5 delay long-haul flights till June

British Airways gave a joint statement with airport operator BAA on Friday saying that it would be delaying the introduction of long haul flights to Heathrow Terminal 5 until June.

Teva Gets 6-month Exclusivity for Sales of generic Risperdal

Teva Pharmaceutical Industries Ltd. said today, a court in Washington approved its request to have the exclusivity of selling a generic version of the drug Risperdal produced by Johnson & Johnson for 180 days.

Court Dismissed Banks' Request in Clear Channel Case

A Texas state court denied a request by six banks to dismiss a lawsuit filed by Clear Channel Communications Inc and its two buyout firms who are trying to acquire the company.

Lehman CFO Sees Market Recovery in 2009

Recovery for the worldwide credit crunch and recovery in the securities market may not begin until next year, Lehman Brothers Holdings Inc. Chief

American Airlines loses 'tens of millions' in Flight Scraps

U.S. passengers continued to experience travel disruptions after American Airlines scrapped another 570 on Friday and more are expected on Saturday.

PDI to Promote Novartis Drug in the U.S.

PDI, Inc. a group which provides commercialization services for drugs said today it will promote a Novartis Pharmaceuticals Corporation product in the United States.

GE's Credibility Questioned as 'Sloppy' Earnings Posted

General Electric Co.'s dismal first-quarter results and lowered 2008 outlook contradicts the confidence its CEO expressed in last months shareholder meeting, leaving analysts speculating and investors jolted on the future of the conglomerate.

AMD Technology Chief Steps Down

Advanced Micro Devices Inc. said senior vice president and chief of technology Phil Hester is resigning today.

EDF possible player in British Energy bid

Electricite de France (EDF) is said to be considering making a bid for nuclear power company British Energy. According to Reuters a source close to the matter said the French company might enter the bidding, but would not overpay for the company.

Cadbury sales up in first quarter

Cadbury Schweppes has reported strong growth in its confectionary sales for the first quarter of 2008, with sales up 7 per cent.

Dish Network Loses Bid for Rehearing Patent Case against TiVo

Dish Network Corp., the second largest U.S. satellite-television broadcaster, lost a bid for rehearing of patent win by TiVo.

AEterna Zentaris CEO Resigns

AEterna Zentaris Inc. President and Chief Executive officer David Mazzo has resigned, the company announced on Friday.

GE Misses Earnings, Slashes Outlook

General Electric Co., regarded as a bellwether of the U.S. economy, missed earnings Friday and lowered its outlook for the full year, after the company took heavy losses in its finance division.

Frontier Airlines Files for Bankruptcy Protection

Frontier Airlines Holdings, a U.S. low-fare carrier, filed for bankruptcy on Wednesday, citing an unexpected move by a business partner but vowed to continue operating normally.

CV Therapeutics and Astellas' Heart Disease Detector Approved by FDA

CV Therapeutics Inc. and Astellas Pharma Inc. said on Friday that the Food and Drug Administration in the U.S. approved their new drug regadenoson or Lexiscan.

Verizon Sues Time Warner Over FiOS Ad

Verizon Communications Inc filed a complaint against Time Warner Cable Inc. alleging that the cable company is airing a misleading ad about its fiber-optic service.

China Coal Energy 2007 net profit up 90.35Pct

China Coal Energy, the country's No. 2 coal producer, said its 2007 net profit rose 90.35 percent to 5.17 billion yuan due to higher coal prices and increased output.

Citigroup downgrades PetroChina to Sell

Citigroup downgrades PetroChina from Hold to Sell, saying an earnings disappointment is coming. Citi reduced PetroChina's earnings per share estimate for 2008 by 15.4 percent and for 2009 by 5.5 percent.

Industrial & Commercial Bank Of China 1Q net profit up over 50 Pct

Industrial and Commercial Bank of China Ltd.(ICBC),China's biggest bank by market value,said Thursday its first-quarter net profit expects up to more than 50% from the same year earlier.

CNPC Signed LNG Long-term Supply Agreement with Qatar

China National Petroleum Corporation (CNPC) and Qatar Liquefied Natural Gas Company and Shell Group signed an LNG Sale and purchase agreement at SGT April 10.

London Jobs Drop 23Pct from last year

Morgan McKinley has released its London Employment Monitor for March 2008 and has said that the number of new job opportunities in the City fell by 2 per cent compared to February 2008, and fell 23 per cent compared with March 2007.

Thomas Cook Hopes to Meet Expectations

Travel operator Thomas Cook has said that it expects to meet its expectations during the current financial year.

RWE said to be in British Energy bid

Reports say that German utility company RWE has made a takeover offer of £11 billion for nuclear power company British Energy. The deal values the company at 700 pence per share and would be worth £4 billion to the government who own 35 per cent of British Energy.

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