IBT Staff Reporter

United Postal Services (UPS), the world's largest package delivery company, reported disappointing results for the second quarter and warned that earnings growth would be at the lower end of its guidance this year.

Jul 25, 2006

An oil leak found in a shared pipeline in Nigeria has forced oil companies to shut down their daily production of 180,000 barrels of crude oil.

Jul 25, 2006

Californian's across the state experienced electrical disruptions to homes and businesses, as temperatures soared on Monday.

Jul 25, 2006

A biofuel company will invest $1 billion to develop the biofuel sector in Africa, it was announced Tuesday.

Jul 25, 2006

Honda will begin to produce small business jets for the U.S. market in partnership with Piper Aircraft, the company announced Tuesday.

Jul 25, 2006

Britain's FTSE 100 share index closed higher on Tuesday as a surge in the cost of base metals boosted miners such as Xstrata, while steelmaker Corus rose on bid talk and reassuring results from a rival.

Jul 25, 2006

The collapse of yesterday's WTO trade talks in Geneva has resulted in mixed feelings for Africa as it faces an uncertain future of high tariffs, officials said on Tuesday.

Jul 25, 2006

A judge this week will decide if a $90 million 'click fraud' settlement proposed by Google is a just compensation for plaintiffs in a class action suit.

Jul 25, 2006

Nissan, the world's fourth largest carmaker, released its first quarter earnings for 2006 on Monday, announcing a slight increase in net profit despite a reduction in operating margin.

Jul 25, 2006

AT&T Inc., the largest U.S. telephone-service provider, released its second quarter earnings report for 2006 on Tuesday, highlighting stronger revenue growth due to increased contributions from Cingular wireless and its wire line operations.

Jul 25, 2006

Microsoft Corp. officials made official last Friday that the software giant is readying a portable music device, quelling rampant speculation. Though the new device, dubbed Zune, benefits from the technical expertise and financial backing of the software-giant, it needs more than technical success to hurdle competition.

Jul 25, 2006

AT&T Inc. on Tuesday posted higher quarterly profit, bolstered by strong growth in wireless and high-speed Internet services.

Jul 25, 2006

McDonald's Corp. on Tuesday said quarterly profit rose, helped by a popular Happy Meal promotion and strong European sales during the World Cup soccer tournament.

Jul 25, 2006

The Nikkei average rose 1.42 percent on Tuesday to end above 15,000 for the first time in more than a week as Tokyo Electron Ltd. and Toshiba Corp. climbed after strong quarterly results from U.S. chip firms boosted expectations of higher earnings at home.

Jul 25, 2006

Yahoo Inc., said on Monday named a top academic database expert to head its research team studying links between computer and human-aided Web search.

Jul 25, 2006

Intel Corp., which has been losing market share in computer processors to Advanced Micro Devices Inc., now looks better placed to weather a brutal price war that seems set to worsen.

Jul 25, 2006

Motorola Inc. on Monday unveiled several new handsets, including the Krzr and the Rizr, which are narrower than its flagship Razr.

Jul 25, 2006

UK stocks closed at their highest level in nearly two weeks on Monday as numbers from Vodafone boosted investor confidence at the start of a busy earnings week and concerns over the conflict in Lebanon eased slightly.

Jul 25, 2006

South Africa's MTN Group now owns 97.34 percent of MTN Uganda following a $55 million cash purchase on Monday.

Jul 25, 2006

Online mail-order DVD rental leader Netflix, announced it nearly tripled its profits for the second quarter. However investors were unconvinced, as the company's stock price spiked steeply lower in after hours trading.

Jul 24, 2006

Global trade talks have been suspended indefinitely after five and a half years of discussions failed to produce results.

Jul 24, 2006

Reaction to news of AMD's acquisition of ATI Technologies on Monday included a thumbs down from Fitch Credit Ratings as the agency revised the company's outlook from positive to negative.

Jul 24, 2006

American Express, the travel services and credit card company, reported second quarter earnings that surpassed Wall Street expectations citing strong credit card spending.

Jul 24, 2006

On Monday, Advanced Micro Devices (AMD) said it will pay $5.4 billion to acquire Canadian graphics chip maker, ATI Technologies Inc., putting further pressure on rival graphics firm NVIDIA Corp.

Jul 24, 2006

On Monday, the California power grid operator, Independent System Operator (ISO), declared a stage 1 emergency, urging all consumers to reduce their electricity usage voluntary, following a heatwave which has swept over the state over the past few days.

Jul 24, 2006

China Resources Snow Breweries Ltd. (CR Snow) in a joint venture with SABMiller, one of the world's leading brewers, will acquire a 100 percent equity interest in China's Yinyan Brewery for U.S $42.3 million.

Jul 24, 2006

Tessera Technologies Inc., a developer of semiconductor packaging technologies, announced that it has ended a patent dispute with chip maker Micron Technologies Inc. on Friday.

Jul 24, 2006

World Bank President Paul Wolfowitz ended his visit to Liberia by addressing the nation's legislature on Friday where he praised the country's economic progress, but warned there is a need for more improvements.

Jul 24, 2006

USG, a leading building products company, announced an increase in earnings for the second quarter due to record shipments of its wallboard.

Jul 24, 2006