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Yahoo! News: Business
-----------------------------------
as of Tue, 04 Oct 2005 11:54:32 GMT
Stocks seen rising as oil prices decline (Reuters)
Reuters - U.S. stock futures rose on Tuesday, indicating a higher open,
as oil prices declined, easing concerns about higher energy costs on
consumer spending.
GM, Ford post lower US sales (Reuters)
Reuters - General Motors Corp. and Ford Motor Co. on Monday posted big
declines in U.S. vehicle sales in September as employee pricing
discount programs lost their allure and sales of traditional SUVs
plunged on higher gasoline prices.
R.H. Donnelley to buy Dex Media (Reuters)
Reuters - Phone-directory company R.H. Donnelley Corp. on Monday said
it agreed to buy Dex Media Inc. for $4.2 billion in cash and stock,
creating the No. 3 directory publisher in the United States.
Martin Marietta raises profit outlook (Reuters)
Reuters - Martin Marietta Materials Inc. on Tuesday said third-quarter
earnings would be well above prior estimates because of strong pricing
for crushed stone, solid shipment volume and good cost controls.
Fed has "more to do" on rates: Guynn (Reuters)
Reuters - The Federal Reserve's 15-month interest rate hike campaign
still has "a ways to go" before completion, Atlanta Federal Reserve
President Jack Guynn said on Monday, adding inflation was a risk and
growth on track.
Chain store sales bounce - ICSC (Reuters)
Reuters - U.S. chain store sales bounced higher in the latest week
following softness in previous weeks related largely to the economic
fallout from Hurricane Katrina, a report said on Tuesday.
Stocks seen rising as oil prices decline (Reuters)
Reuters - U.S. stock futures rose on Tuesday, indicating a higher open,
as oil prices declined, easing concerns about higher energy costs on
consumer spending.
Three Brokerages Agree to Pay $5.8M Fines (AP)
AP - Three brokerage firms have agreed to pay a total of $5.8 million to
resolve regulators' allegations that they allowed improper trading in
mutual funds by favored clients to the detriment of long-term
shareholders.
Adidas moves closer to Reebok takeover (Reuters)
Reuters - German sporting goods firm Adidas-Salomon cleared a key U.S.
regulatory hurdle for its planned takeover of rival Reebok , boosting
its stock on Tuesday.
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