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Yahoo! News: Business
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as of Mon, 14 Nov 2005 13:34:24 GMT
Host Marriott to buy Starwood hotels (Reuters)
Reuters - Host Marriott Corp. said on Monday it had agreed to pay about
$4.04 billion to acquire a portfolio of luxury and upscale hotels from
Starwood Hotels and Resorts Worldwide Inc.
Wal-Mart forecast upbeat as profit rises (Reuters)
Reuters - Wal-Mart Stores Inc. on Monday posted a 4 percent rise in
quarterly profit on strong back-to-school sales, and said holiday
prospects looked good despite steep energy prices that have hit
consumer spending.
Retail sales up 0.6 percent: report (Reuters)
Reuters - U.S. retail sales climbed in October from September on gains
in clothing, household accessories and furniture, according to a report
released on Monday.
Koch Industries to buy Georgia-Pacific (Reuters)
Reuters - Paper producer Georgia-Pacific Corp. agreed on Sunday to be
bought by conglomerate Koch Industries, Inc. for $13.2 billion in a
deal that will make it a privately held Koch subsidiary.
Knight Ridder to look at company sale (Reuters)
Reuters - Newspaper publisher Knight Ridder said on Monday that its
board of directors has decided to explore strategic alternatives,
including a possible sale of the company.
Retail sales up 0.6 percent: report (Reuters)
Reuters - U.S. retail sales climbed in October from September on gains
in clothing, household accessories and furniture, according to a report
released on Monday.
Stock futures flat after Georgia-Pacific (Reuters)
Reuters - U.S. stock futures pointed to a nearly flat market opening on
Monday but could receive a lift as news of paper producer
Georgia-Pacific Corp.'s agreement over the weekend to be bought by
conglomerate Koch Industries, Inc. spurred talk of other acquisitions.
Can he turn magazine bust into a boom? (USATODAY.com)
USATODAY.com - This story about Joe Mansueto is not going to start with
the tale of how he founded mutual fund research company Morningstar,
now with nearly $200 million in annual revenue, in a one-bedroom
apartment here 21 years ago with $80,000. (Although he did.)
Wal-Mart 3Q Profit Climbs on Sales Growth (AP)
AP - Wal-Mart Stores Inc., the world's largest retailer, said Monday its
earnings rose 3.8 percent in the third quarter as sales grew 10
percent.
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