Business News Headlines USA

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.