Daily News Digest: Business News

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 You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.