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Sprint Settles Suit Against Data Broker For $1 Million
AHN
Sprint Nextel settles a lawsuit against a data broker firm by agreeing to accept $1 million. The lawsuit accused 1st Source Information Specialists Inc. of illegally obtaining and selling Sprint customers' records by using fraudulent tactics....
Business News
Judge Increases Bond On Media Tycoon To $21 Million
AHN
A U.S. judge has adjusted media tycoon Lord Conrad Black's bail bond from $1m to $21m amidst reports of irregularities of his declared wealth. He is scheduled to go on a US trial next year to contend allegations of fraud and racketeering....
Business News
Morgan Stanley Fortifies FIG Unit
AHN
Morgan Stanley (MS) has hired four managing directors for its financial institutions group (FIG) to fortify its lost of several bankers last year. The company is the fifth-ranked player in FIG transactions worldwide according to Thomson Financial....
Business News
Accuride Corp.'s 2Q Profits Rise 8 Percent
AHN
Accuride Corp. says its second-quarter profit rose 8 percent to $18.3 million, from $17 million the year prior. However, per-share profit dropped to 53 cents due to an increasing number of outstanding shares.
Business News
US requires more inspections of BP Alaska line
YAHOO
Reuters - The Bush administration ordered BP Plc late on Thursday to conduct more inspections of its entire North Slope pipeline network and meet certain safety requirements before restarting its downed Prudhoe Bay oilfield.
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Business News Goldcorp Inc.'s 2Q Profit Nearly Doubles
AHN
Goldcorp Inc.'s second-quarter profit nearly doubles to $190.4 million, or 49 cents per share. This compares to $98 million, or 28 cents per share, in the same period the year before.
Sources: AHN
Business News Japanese economy expands
YAHOO
Reuters - Japan's economy expanded 0.2 percent in the three months to June compared with the preceding quarter, an annualised growth rate of 0.8 percent, less than expected as investment in housing and public works fell sharply.
Sources: YAHOO
Business News Kohl's earnings beat expectations, shares up
YAHOO
Reuters - Department store operator Kohl's Corp. on Thursday posted a better-than-expected quarterly profit and raised its earnings outlook on strong sales of new, exclusive merchandise and inventory cost controls, sending its shares higher.
Sources: YAHOO
Business News Shares Of Airlines Fall As Delays And Cancellations Ripple Across The Globe
AHN
Airlines are canceling flights and instituting increased security precautions after a foiled terror plot attempted to destroy as many as 10 airplanes in flight. The cancellations and delays are costing airlines untold millions; especially carriers that operate at London's Heathrow Airport....
Sources: AHN
Business News Internet ETFs Suffering The Correction's Sting
YAHOO
Investor's Business Daily - Don't confuse exchange traded funds with mutual funds. ETFs are passive instruments; they sit there fully paid into whatever sector they have defined: silver, China or transportation stocks, for instance.
Sources: YAHOO
Business News Kohl's 2Q Income Rises 24 Percent
AHN
Kohl's Corp. reports its net income climbed 24 percent in the second-quarter due to strong sales. Quarterly income for the discount department store chain was $232.4 million, or 69 cents per share. This compares to $187.2 million, or 54 cents per share, during the same period a year prior....
Sources: AHN
Business News Hyundai sees room for more U.S. market share gains
YAHOO
Reuters - Hyundai Motor Co. Ltd. (005380.KS) has room to grow its share of the U.S. auto market, with independent research showing almost a quarter of new car buyers considering the South Korean brand, an executive said on Thursday.
Sources: YAHOO
Business News Money funds rose in latest week
YAHOO
AP - Assets of the nation's retail money market mutual funds rose by $1.36 billion in the latest week to $912.09 billion, the Investment Company Institute said Thursday.
Sources: YAHOO
Business News US economic outlook unchanged in wake of bomb plot
YAHOO
Reuters - News of a suspected bomb plot dominated news headlines and caused gridlock at airports, but it didn't send economists back to the drawing board to recalculate forecasts for U.S. economic growth.
Sources: YAHOO
Business News Investors On Wall Street Rally As Foiled Terror Plot Makes Headlines
AHN
Investors were jubilant on Wall Street as news broke that authorities have foiled a plot to down as many as 10 airliners in flight between the U.S. and the U.K. The Dow Jones Industrial Average jumped 48.19 points to 11,124. The Nasdaq Composite Index climbed 11.46 points to close at 2,071.74....
Sources: AHN
Business News Security stocks jump after airline plot foiled
YAHOO
Reuters - Stocks of companies that may benefit from demand for new security measures jumped on Thursday after news of a foiled plot to blow up commercial airliners.
Sources: YAHOO
Business News Kohl's quarterly earnings rise 24 percent
YAHOO
Reuters - Department store operator Kohl's Corp. on Thursday said its quarterly profit rose 24 percent, helped by strong sales at stores open at least a year and new store openings.
Sources: YAHOO
Business News Amid Thwarted Terror Plot, Oil Prices Fall And Stocks Hold Modest Gains
AHN
Amid the thwarted terrorist plot in London, investors welcomed falling oil prices and stocks held onto modest gains late Thursday afternoon. The tech-fueled Nasdaq composite rose about 0.4 percent with less than half an hour left in the session. Both, the Dow Jones industrial average and the...
Sources: AHN
Business News BP puts off decision on Prudhoe Bay
YAHOO
Reuters - Oil major BP Plc said on Thursday it will delay to next week its decision on whether to completely shut down the western portion of its 400,000 barrels per day Prudhoe Bay oil field.
Sources: YAHOO
Business News Citigroup fined for claiming hedge funds customers were 'disabled'
YAHOO
AFP - Banking giant Citigroup has been fined 1.1 million dollars after dozens of its brokers gained waivers on mutual fund sales charges by falsely claiming their customers were disabled, the NASD securities regulator said.
Sources: YAHOO
Business News US airlines on recovery path despite fears
YAHOO
Reuters - Security fears may dampen demand for air travel in the short term, industry watchers said on Thursday, after British police foiled a plan to blow up transatlantic jetliners, but they won't throw U.S. airlines off their long recovery from the September 11, 2001 attacks.
Sources: YAHOO
Business News Oil down $2 after foiled aircraft plot
YAHOO
Reuters - Oil fell $2 to below $75 a barrel on Thursday after Britain said it had thwarted a plot to blow up aircraft in transatlantic flight and investors recalled the slump in fuel demand that followed 9/11.
Sources: YAHOO
Business News Trade gap narrows slightly as exports rise
YAHOO
Reuters - The U.S. trade gap narrowed slightly in June as exports boomed, but surging oil prices and rising imports from China still kept the deficit on track for a record this year, a U.S. Commerce Department report showed on Thursday.
Sources: YAHOO
Business News Conoco in force majeure on Alaska oil shipments
YAHOO
Reuters - ConocoPhillips said on Thursday it was declaring force majeure on Alaska oil shipments and would cut oil shipments to West Coast refineries by an unknown amount.
Sources: YAHOO
Business News Citigroup fined by NASD over false data by brokers
YAHOO
Reuters - The NASD ordered Citigroup Inc. to pay $1.12 million over a scheme by more than 100 brokers to obtain mutual fund sales charge waivers by falsely claiming their customers, including hedge funds, were disabled.
Sources: YAHOO
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