Air Deccan Fares to Rise in Future, Warns Mallya
The newest investor in India’s largest budget airline isn’t willing to let the business keep losing money. Prices will go up eventually, he says.
Japan Company Spending Reaches Record
Spending by Japan's largest companies increased to a record first quarter, indicating that corporate sector strength is helping the world's second largest economy grow.
Murdoch May Concede Some Points in Dow Jones Bid: Report
News Corp. (NYSE: NWS) is trying to persuade skeptics among the Bancroft family that it is sincere in its promise for editorial independence as part of the condition for buying Dow Jones & Co. Inc. (NYSE: DJ) according to published reports.
Blackstone to buy Alliant Insurance brokerage
Private equity firm Blackstone Group L.P. agreed to buy privately held insurance brokerage Alliant Insurance Services, Inc., it said late Sunday.
IAG ends Talks to Acquire CPIC
Insurance Australia Group Ltd., Australia's largest auto and home insurer, ended three year talks to buy a stake in China Pacific Property Insurance Co., saying the company's parent resisted the move.
Korean Air to Launch Low Cost Carrier
Korean Air Co. said on Monday that it would launch a low-cost carrier within three years, making it the largest Asian airline to target the budget aviation market.
4 Charged in Plot to Blow up NYC Airport
Federal authorities said a plot by a suspected Muslim terrorist cell to blow up John F. Kennedy International Airport, its fuel tanks and a jet fuel artery could have caused unthinkable devastation.
Sears Profit Up on Special Gains as Sales Soften
Sears Holdings Corp. (NASDAQ: SHLD) saw profits rise 20 percent in its fiscal first quarter, pushed by special gains, but sales declined at its major retail outlets.
Payless Beats Profit, Sales Estimates
Payless ShoeSource Inc.(NYSE: PSS), the largest U.S. shoe-store chain, said first-quarter profit rose 8 percent to beat analysts estimates, citing higher sales of women's footwear.
CVS Caremark Same-Store Sales Rise in May
CVS Caremark Corp. (NYSE: CNS), reported on Tuesday a 6.2 percent rise in May sales for its stores open for more than one year.
Ciena Shares Rise as Profit, Sales Beat Estimates
Shares of Cienea Corp. (CIEN)jumped more than 15 percent after the communications equipment maker posted profit and sales for the quarter that beat analysts’ estimates, and raised its outlook for the next quarter.
Novell Shares Gain After 1Q Results
Shares of Novell Inc. (Nasdaq: NOVL) rose Thursday, a day after the network software maker reported a loss for its second quarter, in line with Wall Street estimates.
Japan’s Jobless Rate Falls to 9-Year Low
The seasonally adjusted unemployment rate in Japan fell to 3.8 percent from 4 percent, compared to the previous month, the government said Tuesday.
Williams-Sonoma Profit Tumbles 21 Percent; Cuts Outlook
Williams-Sonoma Inc. (NYSE: WSM) reported fiscal first quarter earnings that were better than analysts had expected, but the upscale cookware retailer also cut its second quarter outlook.
Polo Ralph Lauren Profit Rises 17 Percent
Clothing designer Polo Ralph Lauren Corp. (NYSE: RL) posted a better than expected profit for its fiscal fourth quarter on Wednesday, citing strong sales in Europe and the United States.
CDW Shares Jump on $7.3B Takeover Deal
Shares of online computer retailer CDW Corp. (NASDAQ: CDWC) rose on Wednesday, a day after it agreed to be acquired by private equity group Madison Dearborn Partners LLC for $7.3 billion in cash.
ICE Deal May Boost CBOT Bid
The Intercontinental Exchange, Inc. (NYSE: ICE) said Wednesday that it has entered into an agreement that may improve its bid to acquire with CBOT Holdings, the parent company of the Chicago Board of Trade.
Biogen Jumps on $3 Billion Buyback
Biotechnology company Biogen Idec Inc. (Nasdaq: BIIB) said its board authorized a $3 billion buyback of about 57 million shares on Wednesday, sending shares more than 5 percent.
Borders Widens Loss on Poor Margins
Shares of Borders Group, Inc. (NYSE: BGP) fell more than 3 percent on Wednesday, a day after the bookseller posted another quarterly loss, seeing its deficit in the first quarter nearly doubled from the loss seen last year.
Toyota Outpaces Japanese Rivals in China Production
Toyota Motor Corp. on Monday started production at its new plant in Tianjin, China, putting it in the lead of all Japanese automakers in terms of production capacity in China.
Vodafone Narrows Losses; Sees Emerging Markets Growth
Mobile phone giant Vodafone Group Plc, reported a narrower loss for its 2007 fiscal year on Tuesday, giving an optimistic outlook driven by emerging markets.
Tishman, Lehman to Buy Archstone-Smith for $22.2 Billion
Real Estate investment trust Archstone-Smith said on Tuesday that it agreed to be acquired by a partnership between Tishman Speyer Properties LP and Lehman Brothers Holdings Inc. for about $22.2 billion, including debt and transaction costs.
Avaya in Takeover Talks: Report
Corporate phone system maker Avaya Inc. (NYSE: AV) is reportedly in talks about selling all, or part of the company to a private equity firm and other bidders.
Advanced Medical Falls on Eye Solution Recall
Shares of Advanced Medical Optics (NYSE: EYE)fell more than 12 percent on Tuesday after the company said it would recall one of its contact-lens solutions following a report linking the product to a rare but serious cornea infection.
Bombardier Shares Rise Sharply on 1Q Results
Shares of Canadian train and jet maker Bombardier Inc. jumped sharply after it said on Tuesday that its profit more than tripled in its fiscal first quarter on strong U.S private jet orders, beating Wall Street estimates.
Internet Ads Sales Grew 35 Pct To $16.9 Billion in 2006
Internet advertising sales soared 35 percent to $16.9 billion in the U.S. last year according to a study conducted by the Interactive Advertising Bureau noting figures from accounting firm PricewaterhouseCoopers LLP.
Gap Shifts Focus to Late 20s, Early 30s Crowd
Struggling apparel retailer Gap Inc. will now align its Gap brand efforts to target consumers in their late 20s and early 30s, distinguishing itself from teen and college age focused stores, such as Abercrombie and Fitch, the company’s chief executive said in a conference call with analysts Thursday.
Upper Deck Makes Bid forTopps
Sports trading cards company Topps Co., Inc. (NASDAQ: TOPP) has received an unsolicited offer from rival Upper Deck Co. on Thursday that exceeds the $385 million deal struck with a private equity firm led by former Walt Disney CEO Michael Eisner.
Advanced’s Bid for Bausch Could Trigger Bid War
Advanced Medical Optics Inc. (NYSE: EYE) said it is considering an offer for Bausch & Lomb Inc. (NYSE: BOL), setting up what could become bidding war with the private equity firm Warburg Pincus LLC.
Dell Does Retail
Dell Inc.(NASDAQ: DELL) said yesterday it plans to start selling its personal computers through Wal-Mart Stores Inc.(NYSE: WMT) in North America next month, departing from the direct-to-consumer business model it was founded on.