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J.C. Penney Recalls 3,000 Lamps That Pose A Fire Hazard

AHN

The U.S. Consumer Product Safety Commission and the J.C. Penney Corporation Inc., are issuing a voluntary recall of 3,000 Crazy Daisy 3-in-1 Electronic Motion Shade Lamps. According to the retailer, the lamp's electrical circuit board can spark and overheat due to an electrical problem, posing a...

Movie Gallery Reports Wide Q2 Loss, Hires Turnaround Specialists

AHN

Video rental chain, Movie Gallery on Thursday said due to the unexpected losses in the second quarter, it has hired an investment bank and a restructuring firm to help the company find ways to improve its capital structure. Movie Gallery shares fell drastically more than 46 percent on the news....

Penney and Target report 2Q profits

YAHOO

AP - Two leading retail stalwarts — J.C. Penney Co. and discounter Target Corp. — reported on Thursday better-than-expected profits in the second quarter. Still, the outlook for consumer spending in the coming months remains muddled amid higher energy costs, rising interest rates, war in the Middle East, and the latest terrorist threat.

Movie Gallery Reports Wide Q2 Loss, Hires Turnaround Speacialists

AHN

IBM To Buy FileNet For $1.6B

AHN

International Business Machines Corp. on Thursday announced it has entered into an agreement to buy business software maker FileNet Corp. for $1.6 billion. The acquisition comes only one week after IBM's software division spent $740 million to buy MRO Software, which makes applications for...

	Categories		Latest Business News		Related:
	Business Links Trade links		U.S. Markets React To Fresh Terror Threats AHN News of fresh terror threats in the U.S. and Britain sent jitters to the market as U.S. stocks traded lower at Thursday's opening. The Dow Jones Industrial Average was down 19 points at 11,056. The S and P 500 was down 4 points at 1,261 and the Nasdaq Composite down 10 points at 2,050. But... Sources: AHN J.C. Penney posts higher quarterly results YAHOO Reuters - Department store operator J.C. Penney Co. Inc. on Thursday reported higher quarterly profit, as fine jewelry, children's and women's accessories sold well. Sources: YAHOO China's Strategic Oil Reserve Ready For Use In October AHN China's National Development and Reform Commission said on Thursday the country's first strategic oil reserve with storage capacity of 4.20 million cubic meters of oil, will be ready for operation in October. The commission said the oil reserve base is located in Zhenshai in the eastern Zhejiang... Sources: AHN U.S. trade deficit narrows slightly YAHOO AP - America's trade deficit improved slightly in June as record sales of U.S. farm products and other exports blunted the impact of soaring crude oil prices. Sources: YAHOO Target 2Q profit rises almost 13 percent YAHOO AP - Discount retailer Target Corp. said second-quarter profits rose almost 13 percent, fueled by increasing sales at new and existing stores and the strength of its credit card operations Sources: YAHOO IBM agrees to buy FileNet for $1.6 bln YAHOO Reuters - IBM , the world's largest information technology company, on Thursday said it agreed to buy FileNet for $1.6 billion, its third software-related purchase announcement in a week. Sources: YAHOO Foreign Money Pouring Into Asia Funds Again AHN An estimated $108 million worth of fresh investments flowed into Asian equity funds in the last week, signaling that foreign investors are finding Asia funds attractive again. Analysts say the sell-off in May boosted investor's confidence and is doing the region's stock market good in terms of... Sources: AHN UnitedHealth to finish review for 3rd-qtr report YAHOO Reuters - Insurer UnitedHealth Group , which is under investigation for its stock option programs, on Thursday said it expected its independent review of options to be substantially complete before its third-quarter filing is due to regulators. Sources: YAHOO BP sees Alaska repairs costing $100 million: source YAHOO Reuters - Oil giant BP Plc expects the replacement of corroded pipelines at the Prudhoe Bay oil field in Alaska to cost around $100 million, a company source said on Thursday, but the total cost to BP will likely be several times this figure. Sources: YAHOO Flights To Britain Canceled Following Discovery Of Terror Plots AHN A majority of European carriers decided on Thursday to cancel flights to England after British authorities said they discovered a plot to blow up a number of aircrafts in mid-flight. The tighter securities enforced in all airports throughout the United Kingdom is now resulting in a build up of... Sources: AHN Singapore's economy on track to achieve new growth targets YAHOO AFP - Singapore's economy is poised to meet its upgraded 2006 growth targets of 6.5 to 7.5 percent after gross domestic product (GDP) surged beyond expectations in the first half. Sources: YAHOO Urban Outfitters 2Q profit falls 16 pct. YAHOO AP - Apparel and accessories retailer Urban Outfitters Inc., operator of the Anthropologie, Free People and Urban Outfitters brands, said Thursday that second-quarter earnings fell 16 percent due to higher fixed store occupancy costs related to lower same-store sales and additional markdowns. Sources: YAHOO Foiled bomb plot set to shake Wall St stocks YAHOO Reuters - Wall Street shares are set to open lower on Thursday, extending the previous session's losses, after a foiled plot to blow up transatlantic flights shook European markets. Sources: YAHOO According To Experts, U.K. HSBC Online Banking System Flawed AHN Cardiff University researchers have claimed to have found a vital flaw in HSBC's online banking system. The security weakness could be used to access the bank's 3.1 million U.K. online accounts in nine attempts. An HSBC spokesman told says the flaw was not a serious threat or a viable way for a... Sources: AHN Teck CEO says confident Inco bid will succeed YAHOO Reuters - Canadian miner Teck Cominco Ltd. (TCKb.TO) said on Thursday it was confident its C$18.7 billion ($16.7 billion) bid for nickel producer Inco Ltd. would succeed, but warned the battle was not over. Sources: YAHOO Record China trade surplus makes case for yuan rise YAHOO Reuters - China's trade surplus hit a record in July for the third month in a row, reinforcing the case for a stronger yuan to address policy makers' growing concerns about the country's economic imbalances. Sources: YAHOO Ohio lottery backs GTech, Lottomatica deal YAHOO Reuters - The Ohio lottery has confirmed that the planned takeover of U.S. lottery operator GTech by Italy's Lottomatica would not hurt GTech's lottery concession there, Lottomatica said on Thursday. Sources: YAHOO Blue Chip sees sluggish growth into 2007 YAHOO Reuters - The U.S. economy will grow at a sluggish pace for the remainder of this year and into 2007 as the worst of inflationary pressure is yet to come, a survey of top forecasters showed on Thursday. Sources: YAHOO Citgo Indicted For Violating Clean Air Act AHN Federal prosecutors issue a 10-count indictment against Citgo Petroleum Corp. for its alleged violations of the Clean Air Act and the Migratory Bird Treat Act at its Corpus Christi, Texas refinery. The Venezuela-owned company denies it broke any laws.... Sources: AHN News Corp. Profit Is Up By 19 Percent AHN News Corp. posted a quarterly net profit rise of 19 percent fueled by advertising sales at the Fox News Channel, "Ice Age: The Meltdown" film ticket sales and the sale of radio stations, according to sources. The media conglomerate led by Rupert Murdoch reported a fourth quarter profit of $852... Sources: AHN		Other aggregators

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