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2005/11/15

Daily News Digest: Business News

Daily News Alert
Yahoo! Alerts Yahoo! News - My Alerts - Edit Alert
Tuesday, November 15, 2005 09:00 PM PST
Today's Business News:
  • Bernanke sees Fed mandate for jobs
  • J&J cuts price of Guidant purchase
  • GM shares fall to 23-year low
  • Oracle gets regulator OK on Siebel deal
  • Beaujolais banks on Asia to buoy sales
  • Retail Sales, Wholesale Prices Off in Oct.
  • Stocks fall, Target view dims hopes
  • Abercrombie Income Jumps 79 Percent
  • Fannie Mae Ups CEO Salary to $950,000
  • Abercrombie & Fitch earns beat Street
Bernanke sees Fed mandate for jobs
Tue, 15 Nov 2005 06:14 pm PST
Reuters - Ben Bernanke, President George W. Bush's pick to succeed Alan Greenspan at the Federal Reserve, vowed on Tuesday to seek both price stability and full employment should the Senate confirm him for the job -- confronting Washington and Wall Street concerns. Full Story
Top

J&J cuts price of Guidant purchase
Tue, 15 Nov 2005 01:55 pm PST
Reuters - Johnson & Johnson (JNJ.N) will acquire medical-device maker Guidant Corp. (GDT.N) for 15 percent less than previously agreed, rescuing a deal that nearly collapsed following safety concerns and litigation over Guidant's heart products. Full Story
Top

GM shares fall to 23-year low
Tue, 15 Nov 2005 02:03 pm PST
Reuters - Shares of General Motors Corp. (GM.N) fell to a new 23-year low on Tuesday as news of a new incentive program spread amid concerns about a possible bankruptcy filing at the world's largest automaker. Full Story
Top

Oracle gets regulator OK on Siebel deal
Tue, 15 Nov 2005 05:59 pm PST
Reuters - Database software giant Oracle Corp. (ORCL.O) said on Tuesday that U.S. antitrust regulators had cleared its $5.9 billion purchase of formerly fierce rival Siebel Systems Inc (SEBL.O). Full Story
Top

Beaujolais banks on Asia to buoy sales
Tue, 15 Nov 2005 06:59 am PST
AFP - Call it a rite of autumn, the third Thursday of every November when millions of bottles of France's fresh-from-the-vineyards Beaujolais Nouveau wine hit parched markets from Kansas to Kyoto. Full Story
Top

Retail Sales, Wholesale Prices Off in Oct.
Tue, 15 Nov 2005 06:50 pm PST
AP - Retail sales performed far better than expected in October as consumers took encouragement from falling gasoline prices. Full Story
Top

Stocks fall, Target view dims hopes
Tue, 15 Nov 2005 01:32 pm PST
Reuters - U.S. stocks slipped on Tuesday after a sales warning from discount chain Target Corp. (TGT.N) dimmed hopes for a strong holiday sales season, pushing the retail sector lower. Full Story
Top

Abercrombie Income Jumps 79 Percent
Tue, 15 Nov 2005 06:40 pm PST
AP - Teen fashion retailer Abercrombie & Fitch Co. said Tuesday that its third-quarter earnings rose 79 percent, and the company raised its profit guidance for the year. Full Story
Top

Fannie Mae Ups CEO Salary to $950,000
Tue, 15 Nov 2005 03:06 pm PST
AP - Home mortgage lender Fannie Mae said it approved a new employment agreement Monday with its chief executive, Daniel H. Mudd, that increased his base salary to $950,000 from $850,000. Full Story
Top

Abercrombie & Fitch earns beat Street
Tue, 15 Nov 2005 03:43 pm PST
Reuters - Abercrombie & Fitch Co (ANF.N) on Tuesday reported quarterly earnings that topped Wall Street estimates and raised its profit outlook for the year, as fewer markdowns of its teen-oriented clothing boosted sales, sending shares up 3.5 percent. Full Story
Top



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posted by News at 9:23:00 p.m.

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