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Yahoo! News: Business
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as of Tue, 07 Feb 2006 13:05:45 GMT
General Motors board votes to halve dividend: paper (Reuters)
Reuters - General Motors' board of directors has voted to halve the
struggling U.S. automaker's $2 per share annual dividend, industry
paper Automotive News reported on Tuesday, citing sources close to the
board.
Coca-Cola profit falls on marketing costs, charge (Reuters)
Reuters - Coca-Cola Co. , the world's biggest soft-drink maker, on
Tuesday posted a lower fourth-quarter profit, weighed down by higher
marketing costs and charges to repatriate foreign earnings.
Boston Scientific quarterly net earnings rise (Reuters)
Reuters - Medical device maker Boston Scientific Corp. on Tuesday said
quarterly net earnings rose despite slower sales of its heart stents to
treat clogged arteries.
Emerson profit tops expectations, forecast strong (Reuters)
Reuters - Diversified manufacturer Emerson Electric Co. on Tuesday
posted better-than-expected quarterly profit on strong demand across
its global businesses and said full-year earnings would beat Wall
Street estimates.
Stock futures fall as home builder cuts forecast (Reuters)
Reuters - U.S. stock futures fell on Tuesday after home builder Toll
Brothers Inc. cut its forecast for home sales, prompting concerns
about the economy which has drawn strength from a robust housing
sector.
Chain store sales post Super Bowl rise: report (Reuters)
Reuters - U.S. chain store sales rose in the latest week as consumers
stocked up ahead of the Super Bowl and continued to snatch up seasonal
clearance items, according to a report on Tuesday.
Stock futures fall as home builder cuts forecast (Reuters)
Reuters - U.S. stock futures fell on Tuesday after home builder Toll
Brothers Inc. cut its forecast for home sales, prompting concerns
about the economy which has drawn strength from a robust housing
sector.
Bush's Budget Plan Caters To Defense, Targets Medicare (Investor's
Business Daily)
Investor's Business Daily - Just days after a bitterly divided Congress
voted to curb entitlement spending for the first time in years,
President Bush on Monday proposed $36 billion in cost savings in
Medicare.
Toys R Us names ex-Target exec Storch as CEO (Reuters)
Reuters - Toys R Us Inc. on Tuesday named former Target Corp. vice
chairman Gerald Storch as chairman and chief executive officer.
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