News money 2008-04-25 Andanh.com

Arby's owner buying Wendy's for $2.34 billion stock deal Thu, 24 Apr 2008 15:49:11 -0400
COLUMBUS, Ohio - After two past rejections, the owner of Arby's shaved roast beef sandwich restaurants is buying Wendy's, the fast-food chain famous for its made-to-order...

Activists to protest some Beijing Olympics sponsors Thu, 24 Apr 2008 15:44:09 -0400
BEIJING - An activist group will organize protests against Beijing Olympics sponsors that it says have failed to press China to help end fighting in Darfur. Dream for Darfur...

Gambling bet pays off Thu, 24 Apr 2008 13:04:54 -0400
Eat your heart out, Massachusetts. Every Pennsylvania homeowner will be getting a 10 percent tax rebate check this summer because of the Keystone State's approval...

Sam's Club, Costco limit rice purchases as prices rise Thu, 24 Apr 2008 12:16:35 -0400
The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called yesterday...

Wall Street fluctuates after drop in jobless claims Thu, 24 Apr 2008 11:45:58 -0400
NEW YORK - Stocks fluctuated today as investors juggled a drop in weekly unemployment claims and stronger-than-expected results from Ford Motor Co. with weak housing figures...

Occidental Petroleum 1Q profit up 52 percent Thu, 24 Apr 2008 11:44:03 -0400
LOS ANGELES - Occidental Petroleum said today that rising production and prices for oil and natural gas boosted its first-quarter earnings 52 percent. Los Angeles-based...

Booming defense business lifts Raytheon 1Q by 15 pct Thu, 24 Apr 2008 11:22:41 -0400
WALTHAM - Increasing defense contract volume helped lift Raytheon Co.'s first-quarter profit 15 percent, soundly beating Wall Street expectations, as the company reiterated...

Thermo Fisher 1Q profit jumps 68 pct free from buyout costs Thu, 24 Apr 2008 07:05:25 -0400
WALTHAM - The first-quarter profit at Thermo Fisher Scientific Inc. is up nearly 68 percent, boosted by improved operating performance. The Waltham, Mass.-based maker of...

In Mass. market Thu, 24 Apr 2008 01:03:53 -0400
Jay Stein, the chairman of discount clothing and home-goods retailer Stein Mart Inc., has no qualms about taking on the TJX Cos. Inc. on its home turf. He passed briefly...

Southwest: Now not the time for Logan flights Wed, 23 Apr 2008 23:01:56 -0400
Southwest Airlines would like to start flying in and out of Logan International Airport, but now is not the time, Gary Kelly, the airline's chief executive, told Boston...

Suffolk owner decries casino defeat Wed, 23 Apr 2008 23:00:58 -0400
The Bay State's refusal to legalize expanded gambling has stacked the odds against Suffolk Downs, even as the storied East Boston racetrack struggles to make a comeback,...

Menino: HQ losses good for charity Wed, 23 Apr 2008 22:58:13 -0400
Mayor Thomas M. Menino yesterday raised eyebrows when he told a crowd of downtown executives that Boston may actually be better off after losing its signature headquarter...

Tracks add slots quickly Wed, 23 Apr 2008 20:26:02 -0400
Gov. Deval Patrick pitched his resort casino plan as a quick way to raise hundreds of millions in new revenue. But Pennsylvania's experience suggests putting slots...

Southwest not ready for Logan takeoff Wed, 23 Apr 2008 18:13:18 -0400
Southwest Airlines really wants to start flying in and out of Logan International Airport, Gary Kelly, the airline's chief executive told Boston business leaders earlier...

Immelt works to reassure shareholders at GE's annual meeting Wed, 23 Apr 2008 17:56:14 -0400
ERIE, Pa. - General Electric Co.'s annual meetings are typically upbeat affairs as executives showcase the company's successes to satisfied shareholders of one of...

PETA offers $1M prize for 'test tube' chicken Wed, 23 Apr 2008 17:50:43 -0400
NORFOLK, Va. - An animal rights group wants to keep chickens alive and clucking by offering a $1 million prize for the creation of real poultry meat that could be mass-produced...

Bull market in gold means big bucks for old dental work Wed, 23 Apr 2008 16:37:11 -0400
NEW YORK - Dazzled by the bull market in gold, people are digging through drawers for old dental caps, fillings and bridgework they saved years ago and selling them at prices...

Delta, Northwest lose combined $10.5B on high fuel, charges Wed, 23 Apr 2008 16:25:34 -0400
ATLANTA - Delta and Northwest, seeking to combine to create the world's largest airline, posted losses Wednesday totaling $10.5 billion due to exorbitant fuel prices...

Energy futures rise as government reports fuel supply drop Wed, 23 Apr 2008 15:06:45 -0400
NEW YORK - Gasoline prices shot higher at the pump today, rising more than 2 cents overnight to a national average of $3.53 a gallon. Oil prices also rose and gas reached...

EMC 1Q profit dips 14 percent, revenue up 17 percent Wed, 23 Apr 2008 13:22:34 -0400
HOPKINTON - EMC Corp.'s first-quarter profit dipped 14 percent on acquisition-related charges, but the data storage vendor managed to post a double-digit revenue gain...

Liberty Mutual agrees to buy Safeco for $6.12 billion Wed, 23 Apr 2008 12:04:17 -0400
Liberty Mutual Group said today it has agreed to acquire publicly traded Safeco Corp. and take it private in an all-cash, $6.2 billion deal to create the nation's fifth-largest...

Study: Subprime mortgage modification efforts underwhelming Wed, 23 Apr 2008 13:50:36 -0400
NEW YORK - Efforts to aid beleaguered borrowers are still falling short as 70 percent of homeowners who are two months behind on their mortgages still aren't getting...

Consumer groups oppose Murdoch's bid for Newsday Thu, 24 Apr 2008 16:47:12 -0400
NEW YORK - With Rupert Murdoch closing in on owning his third New York-area newspaper, opposition is emerging from consumer groups to potentially more concentration of ownership...

CBS executive hired to run MLB TV network Thu, 24 Apr 2008 16:31:40 -0400
NEW YORK - CBS executive Tony Petitti was hired today as president and chief executive officer of the MLB Network, baseball's 24-hour-a-day cable channel set to launch...

WHDH chief must get her name out of the headlines Thu, 24 Apr 2008 12:10:14 -0400
Channel 7 czarina Randi Goldklank is the talk of the town - for all the wrong reasons. To salvage her floundering reputation and that of the station, PR experts and industry...

Senate panel nixes new FCC newspaper-TV ownership rule Thu, 24 Apr 2008 11:53:29 -0400
WASHINGTON - A Senate committee voted today to nullify a recently approved Federal Communications Commission rule that allows media companies to own a newspaper and a television...

Newspaper publisher McClatchy posts 1Q loss, revenue sinks Wed, 23 Apr 2008 14:59:55 -0400
NEW YORK - McClatchy Co. swung to a loss in the first quarter as a weakening economy and competition from online rivals led to a 15 percent plunge in advertising revenues...

Unfit for surgery: Docs want more devices tailored for kids Wed, 23 Apr 2008 16:21:06 -0400
WASHINGTON - It took a metal plate improperly lodged in a young boy's skull to make Dr. David Staffenberg realize just how dangerous adult-sized devices can be in children. The...

Risk of depression dims hopes for anti-addiction pills Wed, 23 Apr 2008 15:48:01 -0400
CHICAGO - Two years ago, scientists had high hopes for new pills that would help people quit smoking, lose weight and maybe kick other tough addictions like alcohol and cocaine. The...

Mom's diet may play role in whether baby is boy or girl Wed, 23 Apr 2008 15:34:26 -0400
CHICAGO - Snips and snails and puppydog tails ... and cereal and bananas? That could be what little boys are made of, according to surprising new research suggesting that...

AutoNation 1Q profit tumbles as housing woes drag on sales Thu, 24 Apr 2008 15:59:46 -0400
MIAMI - AutoNation Inc. reported today that decelerating vehicle sales in California, Florida and other key states beset by sagging home prices dragged its first-quarter earnings...

Hyundai Motor profit up on sales, cost cuts and currency Thu, 24 Apr 2008 09:13:23 -0400
SEOUL, South Korea - Hyundai Motor said today first-quarter net profit rose 28 percent on higher sales, cost reductions and weakness in South Korea's currency. The...

Ford swings to $100M profit in 1st qtr, beats Wall Street Thu, 24 Apr 2008 09:04:38 -0400
DEARBORN, Mich. - Ford Motor Co. surprised Wall Street today with a $100 million profit in the first quarter as strong results from Europe and South America helped offset...

VW narrows search for possible US plant to 3 states Wed, 23 Apr 2008 17:31:16 -0400
WASHINGTON - Volkswagen AG has narrowed its list of states competing for a potential U.S. production facility to Alabama, Michigan and Tennessee. The German automaker says...

Toyota takes 1Q world sales lead from General Motors Wed, 23 Apr 2008 09:33:29 -0400
DETROIT - Toyota Motor Corp. has taken the first-quarter global automotive sales lead from General Motors Corp., selling 2.41 million vehicles to GM's 2.25 million over...

Apple 2Q profit jumps 36 percent Thu, 24 Apr 2008 08:45:00 EDT
SAN JOSE, Calif. (AP) — Apple Inc.'s fiscal second-quarter profit jumped 36 percent on blistering sales of Macintosh computers, but the company forecast lower-than-expected earnings and its stock price tumbled as much as 5 percent.

Bush says rebates going out Monday should help economy Fri, 25 Apr 2008 10:28:00 EDT
WASHINGTON (AP) — President Bush says the economic-stimulus tax rebates will begin going out Monday and will help people cope with lofty energy and food prices, as well as giving the economy a jolt.

Sugar stress Friday April 25, 2008
NEW YORK - Breakfast is diet Pepsi and two packets of M&M's. For lunch, macaroons and white chocolates filled with marzipan from the farmer's market near Wall Street.

State may help H&R workers Friday April 25, 2008
GARDNER - A team of state workers is planning to offer assistance within a week to as many as 230 employees of H&R 1871, who will be losing their jobs this year because of the recent closure decision by the parent company, Remington Arms Co.

Defense contracts boost Raytheon Friday April 25, 2008
BOSTON - Increasing defense contract volume helped lift Raytheon Co.'s first-quarter profit 15 percent, soundly beating Wall Street expectations, as the company reiterated its full-year financial expectations for double-digit profit growth.

Arby's owner buys Wendy's for $2.34B Friday April 25, 2008
COLUMBUS, Ohio - After at least two rejections, billionaire Nelson Peltz has finally succeeded in landing Wendy's in a $2.3 billion deal that would add the chain known for its square burger and chocolate Frosty dessert to his ownership of Arby's and its roast beef sandwiches.

Many states facing budget shortfall Friday April 25, 2008
The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole, a survey of all 50 state fiscal directors concludes.

March sales of new homes are the lowest in 16 years Friday April 25, 2008
WASHINGTON - Sales of new homes plunged in March to the slowest pace in 16-1/2 years as a two-year housing downturn extended into the start of another spring sales season. The median price of a new home in March compared to a year ago fell at the fastest clip in 38 years.

Wall Street rises as jobless claims drop Friday April 25, 2008
NEW YORK - Wall Street rallied yesterday after the government's jobless claims data and Ford Motor Co.'s first-quarter results helped reinject some optimism about the economy into the market.

Cartwheels II boon for Bourne Fri, 25 Apr 2008 06:00 EST

BOURNE — The cheers that echoed around the go-cart track at Cartwheels II amusement park this week were nearly as loud as the go-carts themselves.

Sales of new homes fall to 16½-year low Fri, 25 Apr 2008 06:00 EST

WASHINGTON — Sales of new homes plunged in March to the slowest pace in 16½ years as a two-year housing downturn extended into the start of another spring sales season.

Analysts issue warnings on Sovereign Bancorp Fri, 25 Apr 2008 06:00 EST

NEW YORK — Analysts lowered estimates and price targets on Sovereign Bancorp yesterday, as worries on the company's degrading credit mounted following a credit rating downgrade by Moody's Investors Service and a first-quarter loss.

Volunteers needed for canal cleanup Fri, 25 Apr 2008 06:00 EST

BOURNE - Spring cleaning has arrived at the Cape Cod Canal. AmeriCorps Cape Cod and the U.S. Army Corps of Engineers will hold their eighth annual Cape Cod Canal Cleanup tomorrow morning.

Deval Patrick's wife on the case Fri, 25 Apr 2008 19:12:10 -0400
Gov. Deval Patrick's household could financially benefit from a controversial wage bill he allowed to slip into law - even though he criticized the legislation's...

Stocks mostly up as investors overcome economic worries Fri, 25 Apr 2008 18:03:41 -0400
NEW YORK - Wall Street ended its second straight winning week with a moderate advance today, overcoming concerns about consumer confidence and inflation. After slumping...

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