GM Not likely to Slash Dividend
General Motors Corp. is expected to unveil steps on Tuesday to conserve cash and cut production of slower-selling models but is not likely to cut its dividend as part of its overall restructuring effort, the Wall Street Journal reported in its online edition late Monday, citing people familiar with the company's plan.
FedEx Drops Kinko's name, Plans $891M Charge
FedEx Corporation said after the close of regular trading Monday that it will stop using FedEx Kinko's name on its copy and office service store and record a charge of about $891 million to change its name of FedEx Office.
Yahoo rejected $40 Microsoft bid in 2007, refused good faith negotiations: suit
Yahoo rejected a $40 per share offer from Microsoft in January 2007 and refused to negotiate in good faith, plaintiffs said in a shareholder lawsuit unsealed on Monday.
Adobe Launches Latest Version of Acrobat with Flash
Adobe Systems Inc. said Monday it will launch latest version of its Acrobat document-sharing software will allow users to embed videos in PDF files.
China's telecom shifts continue as three firms announce deals
China's government mandated telecommunications shakeup took another step to completion on Monday as three firms announced deals that officials hope will boost competition.
PRECIOUS METALS: Gold Up $5 an Ounce, Dollar Plunges
Gold futures rose more than $5 an ounce on Monday on speculation that investors may stock up on the metal after the metal made its largest weekly price drop since mid-March, causing the dollar to drop.
S&P Slashes Ratings of Major U.S. Securities Firms
Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. had their credit ratings cut on Monday by Standard & Poor's on concerns that continued weakness in the sector could lead to more write-offs.
GE unit Partners With GeoResources in Oil and Gas Reserves
GE Energy Financial Services, a unit of conglomerate General Electric Co., will partner with GeoResources Inc. to invest up to $90.5 million to acquire and develop oil and gas reserves in Oklahoma, the companies said Monday.
Wachovia, WaMu shake up top ranks after setbacks
After heavy losses and pressure from shareholders to return to profitability, directors at two large U.S. banks - Wachovia Corp. and Washington Mutual Inc. - on Monday announced top-level management changes.
U.S. Stocks Plunge as Banks Decline
Wall Street began June in the red, falling for the first time in five days, as the Dow quickly lost more than 100 points Monday morning on more worries about the financial sector after Wachovia Corp. ousted its chief executive.
Jolie and Pitt twins births are rumors and not true, representatives say
Angelina Jolie and Brad Pitt's twins were not born this week according to the actors' representatives who denied previous reports stating Jolie gave birth in France where the couple is currently living.
NBC Leads Group in Bid for Weather Channel
NBC Universal and two private equity firms has emerged as the frontrunner on Friday when final bids for the Weather Channel were due, according to media reports.
Copper rises nearly 5 cents as inventories fall
Copper rose nearly 5 cents on Friday as a report that stockpiles diminished raised expectations that demand is growing.
Blackberry maker RIM extends market share lead versus Apple iPhone in 1Q
Research in Motion Ltd, maker of the Blackberry line of smartphones, had more than double the market share of its nearest competitor, Apple Inc's iPhone, according to new research.
Internet ad sales to double by 2012: research
Internet advertising sales in the U.S. are on pace to double from the period beginning last year to 2012, according to new research.
Financial stocks fall despite AIG gains
Financial sector stocks fell on Friday, despite gains from the leading U.S. insurer, American International Group.
Dollar Slips Versus Euro After Midwest Manufacturing Report
The dollar fell against the euro on Friday after an index of Milwaukee-area manufacturing fell to its lowest level in five years.
Dish, Echostar sue Tivo over digital recording technology
Satellite companies Dish Network Corp. and Echostar Corp filed a lawsuit on Friday against Tivo Inc asking a court to find that their new digital video recorder technology does not infringe upon Tivo's patents.
Kodak to Raise Prices as Much as 20 Pct to Cover Rising Costs
Eastman Kodak Co. late Friday said it plans to increase prices on as much as much as 20 percent, due to the soaring costs of key raw materials, including silver and aluminum.
Amazon tribe sighting raises contact dilemma
Dramatic photographs of previously unfound Amazon Indians have highlighted the precariousness of the few remaining lost tribes and the dangers they face from contact with outsiders.
As Wal-Mart turns around, investors eye second act
Wal-Mart Stores Inc CEO Lee Scott's back-to-basics strategy for guiding the big-box retailer through the U.S. economic downturn has jump-started sales, boosting its bottom line and share price alike.
Yahoo Laments: Microsoft no longer keen to merge
Yahoo Inc Chief Executive Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.
Linens 'n Things to Liquidate 120 Stores Nationwide
Home retailer Linens Holding Co. said on Friday the U.S. Bankruptcy Court for the District of Delaware has approved store closing sales in 120 of it's over 500 stores across the country.
Time Warner Cable to Link Web Video to TV
Time Warner Cable Inc. announced plans on Friday to allow subscribers to view Internet video on their TV screens and offer wireless in-home networking via a cable modem.
AIG up after Morgan Stanley upgrade
American International Group climbed nearly 2 percent on Friday after Morgan Stanley raised its rating for the company.
PRECIOUS METALS: Gold Down 4 Pct for the Week; Up On Month
Gold futures ended higher on Friday for the first time this week, up more than $22 an ounce for the month, but down 4 percent for the week after declining for three consecutive sessions. Silver gained more than 2 percent.
SocGen hires Bear exec Peretie to lead investment banking, replacing Mustier
Societe Generale said on Friday that Bear Stearns executive Michel Peretie will become the French bank's Corporate & Investment banking unit in the third quarter of this year.
U.S. Stock Indexes Gain, Dell Lifts Tech Sector
U.S. stocks rose for a fourth day on Friday with technology gaining on better-than-expected profit from computer maker Dell Inc which signaled stronger business spending, while the broad market was little changed after three days of gains.
Novell up 4 pct on profit that tops estimates
Novell Inc rose more than 4 percent on Friday after it reported a better than expected profit and rising sales for its second quarter.
U.S. Economy Lost $26 Bln from Frustrated Air Travelers in Past Year
U.S. air travelers experienced immense frustration over the past 12 months causing air travelers to make about 41 million fewer trips and has cost the national economy $26 billion, according to a survey from the Travel Industry Association.
