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Yahoo! News: Business
-----------------------------------
as of Wed, 02 Nov 2005 12:39:40 GMT
Wall Street seen mixed; autos pressured (Reuters)
Reuters - U.S. futures pointed to a mixed Wall Street start on Wednesday
with investors seen encouraged by an oil price under $60 a barrel but
auto shares seen sold again as General Motors trades lower in Europe.
Time Warner posts higher profit (Reuters)
Reuters - Time Warner Inc. on Wednesday reported a bigger-than-expected
80 percent jump in quarterly profit, beating analysts' expectations, as
high-speed Internet and digital phone services drew more subscribers
and online advertising sales increased.
Beckman Coulter quarterly profit falls (Reuters)
Reuters - Beckman Coulter Inc. on Wednesday said quarterly net earnings
fell as it switched to a new policy that lets customers lease its
medical instrument systems rather than purchase them, deferring revenue
recognition.
Boeing machinists go on strike -AP (Reuters)
Reuters - About 1,500 Boeing machinists went on strike at 12:01 a.m.
Los Angeles time on Wednesday after last-minute talks broke down
between their union and the company unit that operates the Delta rocket
program, the Associated Press reported on Wednesday.
Delphi memo outlines makeover-report (Reuters)
Reuters - Delphi Corp. is studying a plan to remake its Electronics &
Safety division by shedding U.S. factories, shutting technical centers
and possibly buying rival Motorola's automotive unit, the Detroit
News reported Wednesday.
US home loan requests fall (Reuters)
Reuters - U.S. mortgage applications fell for a second consecutive week
as interest rates on home loans climbed to 16-month highs, an industry
trade group said on Wednesday.
Stocks dip on Dell, more rate hikes seen (Reuters)
Reuters - U.S. stocks fell on Tuesday, dragged lower by technology
shares after a disappointing outlook from Dell Inc. , and as the
Federal Reserve indicated it will keep raising interest rates.
US home loan requests fall (Reuters)
Reuters - U.S. mortgage applications fell for a second consecutive week
as interest rates on home loans climbed to 16-month highs, an industry
trade group said on Wednesday.
Wal-Mart Executive to Become CEO of Seiyu (AP)
AP - A Wal-Mart executive will take the helm of Seiyu Ltd., a Japanese
retailer set to become a subsidiary of the U.S. chain in December,
signaling Wal-Mart's determination to succeed in Japan's lucrative --
and finicky -- retail market.
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