Business News Headlines USA

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.

27/01/07

Lawsuit against HP Dismissed

HP got relief when a lawsuit accusing the company of lying to obtain phone records of a previous employee was dismissed Thursday.

Toyota's global production surges

Toyota's global production last year surged 10 percent to more than 9 million vehicles, narrowing the gap with General Motors, the world's No. 1 automaker.

25 January 2007

General Motors recalling 98000 Chevy Cobalt sedans

General Motors Corp. said Wednesday it was recalling about 100,000 Chevrolet Cobalt small coupes to upgrade head impact protection.

Qualcomm 1Q Profit Beats Forecasts

The San Diego, Calif., based Qualcomm Inc., the wireless communication company, posted wider-than-expected profit in its first fiscal quarter, sending its stocks higher at the trading market.

24 January 2007

Venture Capital shines back after dot-com bust

Venture capitalists invested $25.5 billion in 2006, marking the industry's biggest burst of dealmaking since the dot-com bust clogged the financial spigot for entrepreneurs five years ago.

Shelby Cobra brings $5.5 million at auction

An 800-horsepower Shelby Cobra, once the personal car of the racing veteran who developed the iconic vehicle, has sold for $5.5 million at auction, a record for an American car.

24 January 2007

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.

19 January 2007

Apple rake in record iPod profits

With the iPod sale still soaring, Apple Inc. Apple reported record earnings Wednesday for the first quarter of its fiscal 2007-year.

H-P Increases Lead Over Dell In PC market

Hewlett-Packard Co. increased its lead over Dell Inc. in world-wide personal-computer shipments in the fourth quarter, research firm Gartner said.

Intel profit plunges 39%

Intel Corp.'s fourth-quarter profit fell 39 percent as the world's largest computer chip vendor lowered prices to compete with rival Advanced Micro Devices Inc.

Commerce Bancshares reports higher earnings

Commerce Bancshares announced record earnings of $3.09 per share in 2006 compared to $3.01 per share in 2005, an increase of 3%.

US, S. Korea to push hard for free trade deal

AS the deadline is fast appraocaing, the United States and South Korea vowed a major push this week in free trade talks that have so far yielded little progress.

Netflix to offer movies online

Netflix Inc. the Los Gatos DVDs-by-mail company, will start a month-long rollout of an Internet movies-on-demand service, that will allow its subscribers to download mobvies to their computers.

15 January 2007

US, South Korea Resume $29 Billion Free Trade Talks

After failing to reach agreement last year, U.S. and South Korean negotiators began a sixth round of talks on a $29 billion trade accord.

Trial to begin for ex-Coke worker accused of selling secrets

Joya Williams, a former secretary for Coca-Cola company accused of selling secrets to arch-rival Pepsi, is set to go on trail. The process of selecting a jury that will look into the case starts Tuesday.