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Archive May/2008


Yahoo Rises on CEO’s Microsoft Remarks

NEW YORK (Reuters) - Shares of Yahoo <YHOO.O> rose in extended-hours trading after Chief Executive Jerry Yang said Microsoft <MSFT.O> "has a lot of interest in buying the company and

May 30th, 2008 | Categories: Investment

Tivo First-quarter Profit Rises on Lower Costs

LOS ANGELES (Reuters) - Digital video recorder maker TiVo Inc <TIVO.O> on Wednesday reported an unexpected first-quarter profit as a result of lower spending on marketing and research and development.

May 30th, 2008 | Categories: Investment

Paulson to Push For Oil Investment in Mideast

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson will emphasize during a trip to the Middle East the need to allow private sector investment in the oil industry, a senior

May 30th, 2008 | Categories: Investment

Barry Diller Dismisses Expedia Buyout Talk

CARLSBAD, California (Reuters) - Expedia Inc <EXPE.O> Chairman Barry Diller on Wednesday dismissed newly resurfaced rumors that the online travel site would be taken private and blamed speculators for trying

May 30th, 2008 | Categories: Investment

Inverness in $1.2 Bln Joint Venture Talks

NEW YORK (Reuters) - Inverness Medical Innovations Inc <IMA.A> said on Wednesday it was in talks with private equity groups about a proposed joint venture of its health management business

May 30th, 2008 | Categories: Investment

Exxon Investors Vote Against Independent Chairman

DALLAS (Reuters) - Exxon Mobil Corp <XOM.N> shareholders on Wednesday rejected a proposal by dissident investors, including Rockefeller family members, that urged Exxon to hire an independent chairman to lead

May 30th, 2008 | Categories: Investment

Coca-Cola Enterprises Sees Second-quarter Profit Down

CHICAGO (Reuters) - Beverage bottler Coca-Cola Enterprises Inc <CCE.N> said on Wednesday it expects a mid- to high-single-digit percentage decline in second-quarter profit, excluding one-time items, citing the weak North

May 30th, 2008 | Categories: Investment

Customers Grow Dissatisfied With Retail Banks

NEW YORK (Reuters) - A rise in fees has led to growing dissatisfaction with retail banks, J.D. Power and Associates said in a study released on Wednesday, adding that banks

May 30th, 2008 | Categories: Investment

Dollar Tree Profit Rises More Than 14 Percent

NEW YORK (Reuters) - Dollar Tree Inc <DLTR.O> said on Wednesday its quarterly profit rose more than 14 percent, beating Wall Street estimates, as shoppers headed to its stores in

May 30th, 2008 | Categories: Investment

Deutsche Post Turns to Rival UPS to Save U.S. Business

BONN, Germany (Reuters) - German mail and logistics group Deutsche Post <DPWGn.DE> plans to partner with rival UPS <UPS.N> and spend up to $2 billion to restructure its loss-making DHL

May 30th, 2008 | Categories: Investment

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