|
Retail sales tame recession fears
(2007-10-12)
WASHINGTON (Reuters) - Retail sales rose solidly in September while a key inflation gauge remained muted, data on Friday showed, suggesting the economy retained some buoyancy despite concerns about a weakening housing sector.
Oracle makes bid for BEA Systems
(2007-10-12)
NEW YORK (Reuters) - Oracle Corp on Friday said it offered to buy BEA Systems Inc for about $6.66 billion, its latest effort to up the ante against Microsoft Corp. and Germany's SAP in the fiercely competitive market for business software.
GE profit jumps on equipment demand
(2007-10-12)
BOSTON (Reuters) - General Electric Co said on Friday that third-quarter profit rose 13.8 percent, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units.
Stocks lifted by data
(2007-10-12)
NEW YORK (Reuters) - Stocks edged higher at the open on Friday, helped by McDonald's Corp.'s profit outlook and government data showing consumer spending rebounded in September.
McDonald's sees profit above estimates
(2007-10-12)
CHICAGO (Reuters) - McDonald's Corp on Friday forecast third-quarter earnings above Wall Street analysts' average estimate as September same-store sales rose 5.9 percent on strength in Asia.
Fed's Fisher doesn't comment on policy
(2007-10-12)
DALLAS (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher did not comment on current monetary policy or the economic outlook in opening remarks at a conference.
IRS says rich getting richer: report
(2007-10-12)
NEW YORK (Reuters) - The richest one percent of Americans earned a postwar record of 21.2 percent of all income in 2005, up from 19 percent a year earlier, reflecting a widening income disparity among different classes in the nation, the Wall Street Journal reported, citing new Internal Revenue Service data.
Kodak to end Olympics sponsorship after 2008 games
(2007-10-12)
NEW YORK (Reuters) Eastman Kodak Co said on Friday it will end its long-standing sponsorship of the Olympics after the 2008 Beijing Games, severing a marketing relationship that spans more than a century.
| 
