Business News Headlines USA

Eisner buys Topps Cards for $385m

The Topps Co., manufacturer of baseball cards and Bazooka bubble gum, has accepted a $385.4 million takeover offer from a buyout group that includes former Disney CEO Michael Eisner.

California wine-maker Gallo dies

Ernest Gallo, who helped to create an international market for Californian wine, has died, at his home in Modesto. He was 97.

06/03/07

McAfee Names EMC’s DeWalt its New CEO

BP buys Chevron's Dutch operation

Oil giant BP is buying its US-based rival Chevron’s Netherlands manufacturing company, Texaco Raffinaderij Pernis BV, for $900 million.

UPS cancels order for big Airbus jets

United Parcel Service Inc has announced it would scrap its $2.8 billion order for 10 of the superjumbo jets later this year.

EU welcomes EU-US open sky agreement

The European Commission, the executive body of the European Union (EU), has welcomed the draft aviation agreement reached by negotiators of the United States and the EU

04/03/07

Oracle to buy Hyperion for $3.3 billion
Business software maker Oracle Corp. will buy Santa Clara software company Hyperion Solutions Corp. for $3.3 billion in cash.

Dell profits miss market targets
Texas-based Computer Company Dell has reported revenues that fell short of Wall Street expectations.

01/03/07
UPS threat to cancel A380 order
United Parcel Service and Airbus agreed that either company can cancel an order this year for 10 A380 freighters after repeated production delays.

Sony woos PS3 buyers with freebies
Sony is handing out freebies to buyers of its PlayStation 3 as its hefty price appears to be scaring away shoppers.

28/02/07
Toyota plans further US factory
Toyota Motor Corp will build a $1.3 billion assembly plant near Tupelo, Miss., which would be its eighth North American plant.

Airbus to announce thousands of job cuts
European aircraft maker, Airbus, is to announce plans for 10,000 job cuts among its staff and with contractors in four European countries.

26/02/07
Netflix delivers 1 billionth DVD
Netflix Inc. the world's largest online movie rental service, delivered its 1 billionth DVD over the weekend, marking another milestone in the Internet history

Honeywell Charged $500,000 for Waste Violations
Honeywell International Inc., has been fined $500,000 for hazardous waste violations. The company's Kingman, AZ plant was cited for violations.

24/02/07

Sun, teams up with Intel on chips
Server and software vendor Sun Microsystems will use chips from Intel in some of its servers with Intel endorsing Sun's Solaris operating system.

House passes bill forcing Big Oil to pay
House passed a bill to raise nearly $15 billion in taxes through a combination of higher royalties, added fees and a reversal of tax breaks handed out by the Bush administration and Republican Congress.

23/02/07
HP reports increase in profit and revenue
Computer and printer maker HP reported increased revenue and net income, attributing the gain to growth across its business in the most recent quarter.

Court Rules in Favor of Philip Morris
The Supreme Court threw out a $79.5 million award that a jury had ordered Philip Morris to pay to a smoker’s widow, a ruling that could bode well for other businesses seeking stricter limits on big-dollar verdicts.

Delphi to close Spanish factory
Struggling US Auto parts maker Delphi is to close one of its factories in Cadiz, southern Spain.

Harley union approves contract
Workers at iconic motorcycle manufacturer Harley-Davidson have agreed a new work deal, ending a three week strike at the company's assembly plant, in York, Pa..

22/02/07
HP reports increase in profit and revenue
Computer and printer maker HP reported increased revenue and net income, attributing the gain to growth across its business in the most recent quarter.

Court Rules in Favor of Philip Morris
The Supreme Court threw out a $79.5 million award that a jury had ordered Philip Morris to pay to a smoker’s widow, a ruling that could bode well for other businesses seeking stricter limits on big-dollar verdicts.

19/02/07

Dow Jones at new high
The Dow Jones Industrial Average index hit an all-time closing high, marking a record for the third day in a row.

Campbell Soup earnings up in second quarter
Campbell Soup saw profits rise for the three months to January, boosted by better-than-expected baked goods results, countering falling soup sales

07/02/07

Amazon, TiVo to offer online video for TVs

TiVo and Amazon are unveiling a service that lets customers buy and download movies and TV shows to their TiVo DVR for viewing on their TVs.

Saudi Arabian billionaire in talks to open a Disney Park in Bahrain

The world's eighth-richest man is in talks with other investors to build a Disney theme park in Bahrain.

06/02/07
Wal-Mart launches online film shop
The world's largest retailer, Wal-Mart, is all set to launch its long-awaited online movie download store
Chevron 4Q profit drops 9 percent
US oil giant Chevron has recorded its third consecutive year of record profits in 2006 but income in the last three months of 2006 fell, prompted by a slump in gas prices.

05/02/07
NYSE Generates $45.5 Million Profit In Fourth Quarter
NYSE Group Inc, owner of the New York Stock Exchange, posted a $45.5 million profit in the fourth quarter, recording a net income of 29 cents a share.

NBC to name Jeff Zucker new chief executive
Jeff Zucker, who made his mark as executive producer of NBC’s “Today” show, is expected to be named chief executive of NBC Universal.

02/02/07
Beef row jeopardize US-Korea trade
Free trade talks between South Korea and the US face rough patch after the former rejected three successive US beef shipments on safety grounds.

iPhone court battle delayed
The legal dispute between Apple and Cisco Systems over the iPhone trademark has been temporarily suspended.

01/02/07

Ford sales dip 20%
Struggling car giant Ford expects to post a 20% drop in January US sales compared with the same month last year, but insists its turnaround is on track.

Dell founder returns to lead firm
Michael Dell replaced Kevin Rollins as CEO of Dell as the world's number two PC maker struggles with market share losses to HP.

31/01/07

Procter & Gamble Reports 12 Percent Profit Increase

Procter & Gamble Co reported a second-quarter profit jump of 12 percent, given the strong sales of Gillette razors and Tide detergent.

Delta gets $2.5 billion to exit bankruptcy

Delta Air Lines Inc. nailed down commitments from six major banks for $2.5 billion in exit financing as it aims to emerge from bankruptcy protection independently.

30/01/07

Motorola, Texas Instruments team up on 3G Phones

Texas Instruments and Motorola have entered into a strategic relationship to include 3G, WiMAX and OMAP technologies in the design and development of new mobile devices.

Juniper, Intelliden partner on DNA Gear

Juniper Networks and Intelliden will deliver a Dynamic Networking Automation solution for high bandwidth IP services.

29/01/07

YouTube to share ad revenue

Video sharing site YouTube has announced plans to share its advertising revenues with the individuals who submit the films.

Oil prices rise to $55.73 a barrel

Oil prices rose in Asian trading amid expectations that heating fuel demand will increase amid forecasts of continued cold weather across the U.S. East Coast, a major market for heating oil.