IBT Staff Reporter

152251-152280 (out of 154943)

Product Safety Rules Tightened in Japan

The Ministry of Economy, Trade and Industry in Japan is now requiring home appliance manufacturers to report serious accidents caused by their products, according to a report by Asashi Shimbun on Monday.

Isuzu Achieves Record Profit for 2006

Isuzu Motors Ltd. announced Monday that its group net yearly profit surged 56.7 percent in 2006, to a record 92.39 billion yen ($776M), citing high demand for its trucks overseas.

Wal-Mart Profit Up but Revenue Misses Estimates

Wal-Mart Stores Inc. (NYSE WMT), reported an 8 percent profit gain for its fiscal first-quarter which was in line with analysts expectations, but may come short of analyst estimates for its second-quarter.

Agilent 2Q Profit Rises 7 Pct on Strong Orders

Agilent Technologies Inc. (NYSE: A)reported a rise in quarterly profit late Monday, saying profit rose 7 percent in its fiscal second quarter on strong orders for bio-analytical measurement tools.

'Titanic' Contemporary Cruises to Japan

The world’s oldest ocean-going passenger vessel, two years younger than the ill-fated Titanic, arrived in Japan's southernmost island over the weekend as part of a global tour.

Mylan Buy's Merck Unit for $6.7B

Mylan Laboratories Inc. (NYSE: MYL) won over rival bids to agree to buy Merck KGaA’s (NYSE: MRK) generic drug division on Sunday for 4.9 billion euros in cash ($6.7 billion).

Cerberus Takes Over Chrysler for $7.4 billion

After nine years failing to integrate the operations, German carmaker DaimlerChrysler AG (NYSE: DCX)said Monday that it agreed to hand over control of its struggling Chrysler Group unit to private-equity firm Cerberus Capital Management LP for $7.4 billion.

Bausch & Lomb Expects Profit Jump, Delays Filing

Bausch & Lomb Inc. (NYSE: BOL) said late Thursday that it expects a rise in first-quarter profit, however it would be unable to file its results with the Security and Exchange Commission (SEC) in due time.

Liberty Global Revenue Rises, Profit Drops

Liberty Global Inc. (NASDAQ: LBTYA), which provides video, voice, internet and cable services to 17 countries, saw its fiscal first quarter profit tumble despite higher revenue.

Thomson to sell businesses for $7.75 billion

Thomson Corp. (NYSE, TSX: TOC), which is bidding to buy Reuters Group Plc, said Friday that it will sell segments of Thomson Learning and Nelson Canada to group of funds for $7.75 billion in cash.

Origin Commits to Power Station Expansion

Origin Energy (ASX:ORG), an Australian gas and electricity company, will commit $80 million to expand the capacity of its gas-fired Quarantine Power Station, saying it will add to the security of electricity supplies in South Australia.

NAB Profit Rises 7.1 Pct

National Australia Bank, the nation’s largest bank, said Thursday that net profit rose 7.1 percent on strong lending growth for the half year ending March 31.

Tesco Ends Coles Bid: Report

Giant British retailer Tesco Plc is no longer pursuing takeover bid for Coles Group Ltd, a source familiar with the situation told Reuters on Thursday.

Japan's Carmakers Boosting U.S. Production

Major Japanese automakers are focusing on boosting their production bases in the U.S. to meet strong demand for Japanese cars and avoid trade disputes, reports Kyodo news service.

Washington Group Shares Fall on 1Q Profit Miss

Shares of engineering consulting services firm Washington Group International, Inc. (NYSE: WNG) fell Thursday, a day after the firm reported slightly higher quarterly revenue but also a profit that missed Wall Street estimates.

Six Flags Shares Fall Despite Narrower 1Q Loss

Shares of amusement park operator Six Flags Inc. (NYSE: SIX) dropped on Thursday, a day after the company reported a narrower quarterly loss on Thursday, with increased revenue coming from higher attendance and higher revenue per capita.

Viacom 1Q Profit Plunges 36 Pct

Viacom Inc. (NYSE: VIA) reported a 36 percent loss in profit on Thursday on rising operating costs and restructuring, but was higher than Wall Street expectations.

Wal-Mart April Sales Drop 3.5 Pct

Wal-Mart Stores, Inc. (NYSE: WMT) said Thursday that April same-store sales declined more than previously expected at 3.5 percent due to weather conditions, and an earlier Easter.

GPT Group Posts Moderate Sales Growth

GPT Group, one of Australia’s largest diversified property trusts, reported moderate March quarter growth on Wednesday, helped by increased consumer confidence and interest rate stability.

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