IBT Staff Reporter

136531-136560 (out of 154943)

Humana profit jumps

Humana Inc posted a huge gain in first-quarter profit on Monday on improvement in its Medicare health plans for seniors, and the insurer raised its full-year earnings forecast.

McCain differs with Cheney on interrogation memos

Releasing classified memos showing whether harsh Bush-era interrogation methods yielded useful information from terrorism suspects is not necessary, Republican Senator John McCain said on Sunday in a public disagreement with former Vice President Dick Cheney.

Mexican swine flu spreads to U.S., Europe

Governments around the world acted to stem a possible flu pandemic on Monday, as a virus that has killed 103 people in Mexico and spread to North America was confirmed to have reached Europe.

Wall Street falls as swine flu worries weigh

Stocks fell on Monday, sending benchmark indexes down more than 1 percent, as investors worried that a possible global flu outbreak could complicate efforts to revive the economy.

GM plans deep cuts, to eliminate Pontiac

General Motors Corp on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring.

Corning post better than expected profit

Specialty glass maker Corning Inc posted better-than-expected quarterly profit, boosted by cost cutting and improving demand for glass for flat screen televisions and computer monitors.

GM plans deep plant, job cuts

General Motors Corp on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring.

Duncan Energy Q1 profit beats Street

Energy services provider Duncan Energy Partners LP's (DEP.N: Quote, Profile, Research, Stock Buzz) first-quarter profit jumped 50 percent, helped by higher natural gas volumes and lower operating costs.

Daylight Resources to buy private oil & gas firm

Canadian oil and natural gas trust Daylight Resources Trust said it agreed to buy a private oil and gas company for about C$109 million ($89.64 million) in a cash and stock deal, which will boost its total production by about 13 percent.

Oil falls below $49, flu pandemic could hurt economy

Oil prices fell nearly 6 percent to below $49 a barrel on Monday, pressured partly by expectations the world economy could suffer another blow if a flu outbreak in Mexico turns out to be the start of a pandemic.

Conficker virus begins to attack PCs: experts

A malicious software program known as Conficker that many feared would wreak havoc on April 1 is slowly being activated, weeks after being dismissed as a false alarm, security experts said.

New California fuel rule may violate NAFTA: lawyer

California's new low-carbon fuel rules may be a violation of NAFTA and World Trade Organization provisions because they would unfairly limit exports of crude from Canada's oil sands to the state, a prominent Canadian trade lawyer said Friday.

Wall Street set to fall as swine flu jitters weigh

Wall Street looked set for a drop of more than 1 percent at the open on Monday as investors worried that a possible global flu outbreak could throw a wrench into the economy's ability to climb out of a recession.

Verizon profit boosted by Alltel buy

Verizon Communications Inc posted a higher-than-expected quarterly profit after a 12 percent increase in revenue, helped by its purchase of smaller rival Alltel and growth in cell phone customers.

Qualcomm posts loss on Broadcom settlement

Cell phone chip supplier Qualcomm Inc flipped to a loss for its fiscal second quarter, hurt by investment losses and hefty costs related to its legal settlement with arch-rival Broadcom Corp .

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