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Yahoo! News: Business
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as of Fri, 04 Nov 2005 20:45:14 GMT
Guidant, J&J holders want compromise (Reuters)
Reuters - Johnson & Johnson and Guidant Corp. should reach a compromise
in a battle over the price of their $25.4 billion merger agreement
rather than walk away from the deal, shareholders and analysts said on
Friday.
Job growth weaker than expected (Reuters)
Reuters - Only 56,000 U.S. jobs were created in October, about half the
number expected as the impact of Hurricane Katrina faded, but wages
grew at the strongest pace in 2-1/2 years, a government report on
Friday showed.
Tech stocks end higher (Reuters)
Reuters - Tech stocks ended higher on Friday after electronics company
Sanmina-SCI Corp. reported a better-than-expected quarterly profit,
while a report showing wage growth revived concern about inflation,
limiting gains for the Dow industrials.
Coke to phase out Vanilla Coke in U.S (Reuters)
Reuters - Coca-Cola Co., the world's largest soft drink maker, said on
Friday it would phase out its Vanilla Coke, Vanilla Diet Coke and Diet
Coke With Lemon beverages in the United States by end of this year.
GM sweetens cash rebates (Reuters)
Reuters - General Motors Corp. is offering additional cash rebates on
all 2005 vehicles sold on the U.S. market except the Hummer H1, in an
effort to rid itself of year-end inventory, the company said on Friday.
Job Market Struggles to Regain Footing (AP)
AP - The job market is struggling to regain its balance after getting
knocked over by Hurricane Katrina. Employers, coping with high energy
prices and shaken by two other hurricanes, showed caution in hiring in
October.
Tech stocks end higher (Reuters)
Reuters - Tech stocks ended higher on Friday after electronics company
Sanmina-SCI Corp. reported a better-than-expected quarterly profit,
while a report showing wage growth revived concern about inflation,
limiting gains for the Dow industrials.
Regulators probe Wachovia fund sales (Reuters)
Reuters - Wachovia Corp. on Friday said regulatory investigations of
mutual fund sales practices at the bank broadened to include its asset
management unit Evergreen Investment Services.
Polo Ralph Lauren profit up (Reuters)
Reuters - Luxury clothing maker Polo Ralph Lauren Corp. on Friday said
quarterly profit jumped 31 percent, beating expectations, boosted by
better apparel sales in several lines and in Europe and sending its
stock to a new all-time high.
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