IBT Staff Reporter

154141-154170 (out of 154943)

Lowe's Profits Up 11 Pct. for 2Q, Lowers Outlook

Lowe's, the U.S. market's second largest home improvement retailer, posted a rise in net profit for the second quarter on higher appliances sales but lowered its earnings outlook for the rest of the year.

Brazil, Bolivia Seek Natural Gas Deal With Guarani Indians

Bolivian and Brazilian government officials continued negotiations with Guarani Indians who have threatened to seal a gas pipeline between the two countries. Guarani Indians are seeking to gain more control over previously promised investments in both South American countries.

Attention Zim Shoppers: Deadline draws near

The Reserve Bank of Zimbabwe extended its deadline for the country's currency changeover until Monday, causing chaos throughout the country over the weekend as Zimbabweans went on whirlwind of shopping sprees.

SA Alex Forbes sells risk unit to settle debt

South African financial services company Alexander Forbes confirmed on Monday it has agreed to sell its international risk services unit to Lockton International Holdings for a £67.6 million ($127.5 million).

AOL CTO Resigns

AOL's chief technology officer has resigned from the company, according to an internal company memorandum.

Protecting Yourself From Consumer Scams

Greed and fraud are nothing new, but what has changed is the method. Scammers are increasingly going online to find their next victims in addition to offline efforts to get a quick dollar.

Refiners fail to benefit from new light oil

New gasoline-rich crude from Azerbaijan and Russia is blunting the impact of oil attacks in Nigeria this year but the relief will be shortlived as the world's available oil becomes ever more sulphurous.

China's aging population to slow economy: report

China's one-child policy has led to an aging population and labor shortages that could undermine a key basis for the country's economic growth, its seemingly endless supply of cheap workers, a newspaper said on Monday.

China rate surprise sparks calls for transparency

The surprise timing of China's latest interest rate rise partly reflects political pressure and shows the central bank falls short of the transparency and predictability that are the hallmarks of its rich-country peers.

More jobs in Europe, the story of 2006?

Employment in Europe appears to be rising in earnest following years of sluggish economic growth when companies either cut staff or shunned new recruits to safeguard profits.

EchoStar wins temporary reprieve in TiVo fight

EchoStar Communications Corp. won a temporary reprieve on Friday when an appeals court said it could still sell digital video recorders that a lower court had ruled infringed on a TiVo Inc. patent.

Sandisk to cut prices to battle Apple's iPod: WSJ

Sandisk Corp. is expected to announce product enhancements and price cuts on Monday aimed at attracting interest in its digital music player, which competes with Apple Computer Inc.'s iPod, the Wall Street Journal said in a report that quoted Sandisk's CEO.

Consumers find a personal shopper in the Web

As increasingly harried consumers grapple with overwhelming fashion choices, inconsistent sizes and expanding waistlines, Web-based companies are casting themselves as personal shoppers, catering to every body type's special needs.

OPEC will not lower price quotas

Major oil producing countries will not lower their oil production for the rest of the year as they work toward stabilizing oil prices, said OPEC's President, Edmund Daukoru on Thursday.

Japan Firms Launch Ad Service for Podcasts

Dentsu Inc., Japan's largest adverising conglomerate, and CCI (Cyber Communications Inc.) announced Friday that they will start an audio ad streaming service for Apple iPod Podcast contents.

Coca-Cola: Goodbye UK, Hello Africa

The Coca- Cola company said on Friday it will relocate its Africa Group office from Windsor, England to Johannesburg in South Africa starting in January next year, in a bid to increase business growth in Africa.

Ford Announces Deep Cuts in Production

Ford Motor Co. on Friday said it would cut fourth-quarter production by 21 percent and also reduce third-quarter production to accelerate its turnaround plan.

UK to get first city with high-speed WiMax coverage

A British city known for its concrete cows is set to become one of the most technologically advanced in Britain after it said it would to be the first UK town to boast a high-speed WiMax wireless broadband network.

Apple Finds no Forced Labor at iPod Plant

Apple Computer said on Thursday it has found no evidence of forced labor at a Chinese factory where its iPods are assembled, however added that its partner did violate some of Apple's code conduct.

Ford looking at more salary cuts, plant closings: WSJ

Ford Motor Co. is considering closing more factories and eliminating more management jobs to cut North American salary costs by another 10 percent to 30 percent, the Wall Street Journal reported on its web site on Thursday.

Bush huddles with economic team as growth slows

President George W. Bush will wrap up conferring with his economic team on Friday on ways to keep the economy growing against a backdrop of higher interest rates, mixed data and fears of rising inflation.

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