Archive for September, 2006

Britvic Forecasts Profit Near Analysts' Top Estimates (Update1) - (Stock Trading) Bloomberg

Friday, September 29th, 2006

Britvic Forecasts Profit Near Analysts' Top Estimates (Update1) - Bloomberg

Britvic Forecasts Profit Near Analysts' Top Estimates (Update1)
Bloomberg -3 hours ago
By Meera Bhatia. Sept. 29 (Bloomberg) — Britvic Plc, the second-largest UK soft-drinks maker, said it expects to report annual profit near analysts' highest estimates after introducing non-carbonated beverages
Britvic says full-year profit to be at top end of analysts'International Herald Tribune
UPDATE 1-Britvic sees year results at top end of forecastsReuters.uk
Irish Examiner -Manufacturer.com -just-drinks.com (subscription) -Reuters.uk
all 26 news articles

Ford Motor Credit to shed 2,000 jobs - MarketWatch


EOG.com
Ford Motor Credit to shed 2,000 jobs
MarketWatch -14 hours ago
SAN FRANCISCO (MarketWatch) — Ford Motor Credit said Thursday it will cut 2,000 white-collar positions and consolidate its North American branches as part of its parent company's vow to step up its cost-cutting efforts.
Ford Motor Credit to cut 2,000 jobs, restructureMSN Money
Ford Credit to Cut 2,000 JobsHouston Chronicle
Seattle Post Intelligencer -Trading Markets -Auto Industry -TheStreet.com
all 203 news articles

US growth slows, new data show - International Herald Tribune


EOG.com
US growth slows, new data show
International Herald Tribune -14 hours ago
WASHINGTON The US economy grew at an annual rate of 2.6 percent in the second quarter, less than previously estimated, as business spending, consumer demand and homebuilding slowed.
Growth Pace Is Revised Downward for QuarterNew York Times
Second-quarter economic growth slowsMSNBC
CBC News -Forbes -ABC News -People's Daily Online
all 283 news articles

Yuan Drops as China May Want Two-Way Moves to Fight Speculators - Bloomberg


China Daily
Yuan Drops as China May Want Two-Way Moves to Fight Speculators
Bloomberg -7 hours ago
By Christina Soon. Sept. 29 (Bloomberg) — The yuan snapped a three-day winning streak on speculation the People's Bank of China will weaken the currency to discourage speculators seeking gains.
Beijing protests US tariff threatsThe Australian
China Lets Currency Rise a Bit on DollarNew York Times
People's Daily Online -International Herald Tribune -FOX News -MarketWatch
all 263 news articles

Microsoft, BBC sign agreement - BusinessWeek


Playfuls.com
Microsoft, BBC sign agreement
BusinessWeek -23 hours ago
SEP. 28 7:41 AM ET Microsoft Corp. said Thursday it signed a nonexclusive memorandum of understanding with the British Broadcasting Corp.
BBC and Microsoft sign agreementBBC News
Technology BriefingSeattle Post Intelligencer
Forbes -MarketWatch -CNET News.com -TechWeb
all 65 news articles

A decision had to be made: Q&A with BenQ chairman KY Lee - DigiTimes


Playfuls.com
A decision had to be made: Q&A with BenQ chairman KY Lee
DigiTimes -1 hour ago
BenQ made headlines in October last year by acquiring Siemens' mobile phone business unit and setting up a subsidiary, BenQ Mobile in Germany.
BenQ Mobile files for insolvencyBusiness Standard
BenQ German mobile op to seek protectionBusinessWeek
CIO -EETimes.com -Circuits Assembly -Red Herring
all 90 news articles

Few answers at HP hearing - Chicago Tribune


Earthtimes.org
Few answers at HP hearing
Chicago Tribune -42 minutes ago
WASHINGTON — Chief Executive Mark Hurd and former Chairman Patricia Dunn testified before Congress on Thursday about Hewlett-Packard Co.
HP probe'would make Nixon blush'National Post
Company's general counsel quits; refuses to testifyMarketWatch
Computer Business Review -San Francisco Chronicle -MSNBC -Houston Chronicle
all 1,166 news articles

NT Holding Enters Into a Definitive Agreement to Acquire a Shanxi Coal Mine (Stock Trading)

Friday, September 29th, 2006

NT Holding Enters Into a Definitive Agreement to Acquire a Shanxi Coal Mine
HONG KONG, Sept. 28, 2006 (PRIMEZONE) — NT Holding Corp. (OTCBB:NTHH) today announced it has entered into a definitive purchase agreement with Shanxi Linfen Lingu Coal Mine Limited ("Lingu"), a coal mining company located in Shanxi, China. NTHH had previously announced that it had entered into discussions with Lingu to work toward execution of a definitive purchase agreement on September 27, 2006.

Frontline Ltd.: Newbuildings and Sale of Assets
HAMILTON, Bermuda, Sept. 29, 2006 (PRIMEZONE) — As previously reported in June 2006, Frontline Ltd. ("Frontline"or the"Company") has been granted an option for further two VLCC newbuilding contracts at Jiangnan Shipyard in China for delivery 2010/2011. The Company has now exercised these options and simultaneously sold the newbuilding contracts to a third party including an element of profit.

Harsco Corporation Declares Regular Quarterly Cash Dividend
HARRISBURG, Pa., Sept. 27, 2006 (PRIMEZONE) — The Board of Directors of Harsco Corporation (NYSE:HSC) today declared a regular quarterly cash dividend of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable November 15, 2006 to stockholders of record as of October 16, 2006.

Jati Technologies Inc. Announces the Acquisition of Volansa Technologies Inc.
MONTREAL, Sept. 28, 2006 (PRIMEZONE) — Jati Technologies Incorporated (Pink Sheets:JTKG) announced today the acquisition of Volansa Technologies Inc., a Montreal-based innovative software development company with a focus on product design and development. This acquisition comes as a congruent move within the context of its new business direction to extend its lead in the product development market. The manpower and guest management solutions of Volansa complement the WinTIME and other products in the Jati Technologies Portfolio of products and enhance the value of the Jati offering.

Deep Rock Oil&Gas, Inc. Announces the Completion of $40 Million Advancing Credit Facility for Z2, LLC
TULSA, Okla., Sept. 28, 2006 (PRIMEZONE) — Deep Rock Oil&Gas, Inc. (Pink Sheets:DPRK), along with other members of Z2, LLC (Z2) is pleased to announce the closing of a $40,000,000 Advancing Credit Facility with Gasrock, LLC of Houston, Texas on August 26, 2006. This financing will permit Z2 to further exploit its Big Foot Field holdings in south Texas. The financing will be utilized to rework producing wells which are currently not producing and to begin a drilling program on a portion of the 200 proven undeveloped locations contained in Z2's engineering report dated January 1, 2006.

Changes on AutoZone Board
MEMPHIS, Tenn., Sept. 27, 2006 (PRIMEZONE) — AutoZone, Inc. (NYSE:AZO) announced today that Edward S. Lampert, the Chairman and CEO of ESL Investments, Inc. ("ESL") and Chairman of Sears Holdings Corporation, will not be standing for re-election to the AutoZone Board of Directors, in order to devote more time to other duties at ESL and Sears Holdings. The Board has nominated Theodore W. Ullyot, Executive Vice President and General Counsel of ESL, to fill the Board seat vacated by Mr. Lampert.

Leading Brands, Inc. Announces Q2 and YTD Results
VANCOUVER, British Columbia, Sept. 28, 2006 (PRIMEZONE) — Leading Brands, Inc. (Nasdaq:LBIX), North America's only fully integrated premium beverage company, announces results for the second quarter of its 2006 fiscal year which ends February 28, 2007. All financial amounts denominated in US dollars.

Canaco Exercises Option and Releases 43-101 Report on Douglas Lake Mineral's Morogoro Property
VANCOUVER, British Columbia, Sept. 28, 2006 (PRIMEZONE) — Harp Sangha, CEO / President of Douglas Lake Minerals Inc. (OTCBB:DLKM), announced today that Canaco Resources has exercised its option to work on the Morogoro concession under the terms of the Strategic Alliance Agreement between the two companies. The property, located in the Kilosa district of east-central Tanzania, consists of a Prospecting License with a total area of 150 square kilometres.

Deep Rock Oil&Gas, Inc. Announces the Completion of $40 Million Advancing Credit Facility for Z2, LLC (Stock Trading)

Thursday, September 28th, 2006

Deep Rock Oil&Gas, Inc. Announces the Completion of $40 Million Advancing Credit Facility for Z2, LLC
TULSA, Okla., Sept. 28, 2006 (PRIMEZONE) — Deep Rock Oil&Gas, Inc. (Pink Sheets:DPRK), along with other members of Z2, LLC (Z2) is pleased to announce the closing of a $40,000,000 Advancing Credit Facility with Gasrock, LLC of Houston, Texas on August 26, 2006. This financing will permit Z2 to further exploit its Big Foot Field holdings in south Texas. The financing will be utilized to rework producing wells which are currently not producing and to begin a drilling program on a portion of the 200 proven undeveloped locations contained in Z2's engineering report dated January 1, 2006.

New Dragon Asia Corp. Files Restated Financial Statements
SHENZHEN, China, Sept. 28, 2006 (PRIMEZONE) — New Dragon Asia Corp. (AMEX:NWD), one of China's leading producers of instant noodles, flour-related products and soybean derived products, today announced that it has filed restated consolidated financial statements with the Securities and Exchange Commission ("SEC") for the full year ended December 25, 2005, as well as for the interim periods ended September 25, 2005; March 25, 2006 and June 25, 2006. The restated financial statements have been filed on Form 10-K/A for the 2005 full year and on Form 10-Q/A for each respective interim period.

Hispanic Unemployment Down, (Stock Trading) Study Finds

Thursday, September 28th, 2006

Hispanic Unemployment Down, Study Finds
Unemployment among Hispanics fell sharply this year, and their wages rose after a two-year decline, according to a national study released yesterday.

Karin Brulliard

Staff at Baltimore Sun Presses Tribune CEO
Dennis FitzSimons, chairman of the embattled Tribune Co. media giant, met employees of the Baltimore Sun yesterday and faced some tough questioning.

Frank Ahrens

Stock Trading - Paving Over Plumbers' Paradise

Thursday, September 28th, 2006

Paving Over Plumbers' Paradise
Rick Plumley did not need any faucets, toilets or bathtubs when he stopped the other day at Washington's version of a plumber's paradise, a filthy, windowless warehouse in the center of the city.
Paul Schwartzman

Leak Probe Participants To Testify Today on Hill
Members of Congress plan to grill current and former executives of Hewlett-Packard Co. today about their roles in a surveillance scandal and to determine whether broader ethics or privacy laws are needed to safeguard consumers.
Yuki Noguchi

Bagged Spinach Back on Shelves At Giant Today
Giant Food plans today to resume sales of bagged spinach grown in Colorado and Canada, acting on a Food and Drug Administration advisory that spinach from areas not implicated in the deadly E. coli outbreak is safe to eat.
Annys Shin

Heralded Iraq Police Academy a 'Disaster'
BAGHDAD, Sept. 27 — A $75 million project to build the largest police academy in Iraq has been so grossly mismanaged that the campus now poses health risks to recruits and might need to be partially demolished, U.S. investigators have found.
Amit R. Paley

Canyon Ranch Abandons Plan For Md. Condos
The on-again, off-again effort to bring a luxury Canyon Ranch condominium community to North Bethesda is now officially off, making the high-profile development the region's latest victim of a slumbering condo market that has claimed dozens of projects.
Michael S. Rosenwald and Tomoeh Murakami Tse

Airport Security Adjusts To New Rules on Liquids
Security was relatively smooth at U.S. airports yesterday, as travelers adjusted to new rules allowing them to bring aboard planes small amounts of liquids and gels in their carry-on bags. But it took some flexibility on the part of authorities to make things work. Many people did not know about…

Del Quentin Wilber

526,000 ThinkPad Batteries Recalled
WASHINGTON — Some 526,000 batteries used in ThinkPad notebook computers worldwide are being recalled in the latest problem with batteries made by Sony Corp., the Consumer Product Safety Commission said Thursday.

AP

Hispanic Unemployment Down, Study Finds
Unemployment among Hispanics fell sharply this year, and their wages rose after a two-year decline, according to a national study released yesterday.
Karin Brulliard

Wis Spinach Bags Tied to E. Coli Cases
MADISON, Wis. — Two bags of spinach collected from E. coli patients in Wisconsin are linked to the national outbreak of the disease, state health officials said.
AP

Staff at Baltimore Sun Presses Tribune CEO
Dennis FitzSimons, chairman of the embattled Tribune Co. media giant, met employees of the Baltimore Sun yesterday and faced some tough questioning.
Frank Ahrens

Warming Trend Is Hatching a Business
U.S. governors, impatient with federal inaction on global warming, are taking matters into their own hands. The result could add impetus to an emerging industry.

Steven Mufson

Economy Grows at a 2.6 Percent Pace
WASHINGTON — Economic growth clocked in at a 2.6 percent pace in the spring, a weaker performance than previously estimated and a fresh sign the economy has shifted into a lower gear.
JEANNINE AVERSA

Citgo Will Go, Says 7-Eleven
The devil might wear Prada, but will his fellow citizens fill up their tanks with Citgo?
Steven Mufson

Dow industrials passes record high close - Hemscott (Stock Trading)

Thursday, September 28th, 2006

Dow industrials passes record high close - Hemscott

Dow industrials passes record high close
Hemscott, UK -19 minutes ago
Overseas, Japan's Nikkeistockaverage rose 0.48 percent. In afternoontrading, Britain's FTSE 100 was up 0.60 percent, Germany's DAX index was down 0.01

Tracinda Wants 12 Million More GM Shares - CBS 5

Tracinda Wants 12 Million More GM Shares
CBS 5, CA -18 minutes ago
Shares of GM rose $1.17, or 3.6 percent, to $33.45 in earlytradingon the New YorkStockExchange after the news. Kerkorian's Tracinda Corp.

Equitable offer extended - Manila Standard Today

Equitable offer extended
Manila Standard Today, Philippines -17 minutes ago
SM Investments executive vice president Jose Sio, in a letter to thestockexchange, said the company extended the29 is declared atradingor nontrading day.

Dow Industrials Pass Record-High Close - Terre Haute Tribune Star

Dow Industrials Pass Record-High Close
Terre Haute Tribune Star, IN -15 minutes ago
Overseas, Japan's Nikkeistockaverage rose 0.48 percent. In afternoontrading, Britain's FTSE 100 was up 0.60 percent, Germany's DAX index was down 0.01

Lockheed subsidiary gets $10M Navy deal - Hemscott

Lockheed subsidiary gets $10M Navy deal
Hemscott, UK -19 minutes ago
aircraft to detect enemy radar. Shares of Lockheed Martin gained 20 cents at $85.34 in morningtradingon the New YorkStockExchange.

Dune Energy arranges $50M credit facility - Hemscott

Dune Energy arranges $50M credit facility
Hemscott, UK -18 minutes ago
Chairman and Chief Executive Alan Gaines. Shares of Dune Energy fell 1 cent to $1.44 in morningtradingon the AmericanStockExchange.

Dow flirts with record highs again - CNNMoney.com

Dow flirts with record highs again
CNNMoney.com -17 minutes ago
However, the Dow remained below the recordtradinghigh is 11,750.28, hit on the same dayStockgains Wednesday pushed the Dow to its second-highest close ever

Dow Industrials Pass Record-High Close - CBS 5

Dow Industrials Pass Record-High Close
CBS 5, CA -18 minutes ago
Overseas, Japan's Nikkeistockaverage rose 0.48 percent. In afternoontrading, Britain's FTSE 100 was up 0.60 percent, Germany's DAX index was down 0.01

CSK Auto probe finds accounting errors - Hemscott

CSK Auto probe finds accounting errors
Hemscott, UK -18 minutes ago
percent, the company said. Shares of CSK rose 59 cents, or 4.6 percent, to $13.35 in morningtradingon the New YorkStockExchange.

Tracinda wants 12 million more GM shares - The Westfall Weekly News

Tracinda wants 12 million more GM shares
The Westfall Weekly News, Canada -18 minutes ago
Nissan. Shares of GM rose $1.17, or 3.6 percent, to $33.45 in earlytradingon the New YorkStockExchange after the news. Tracinda

Stock Trading - When Business News Turns Into an Infomercial - TheStreet.com (subscription)

Thursday, September 28th, 2006

When Business News Turns Into an Infomercial - TheStreet.com (subscription)

WhenBusinessNewsTurns Into an Infomercial
TheStreet.com (subscription), NY -13 hours ago
I'm about ready to change the channel from CNBC to Jerry Springer, as I search for greater intellectual insight, useful information and less sensationalism.

Pennsylvania business news in brief - The State

Pennsylvaniabusinessnewsin brief
The State, SC -15 hours ago
ALLENTOWN, Pa. - A subsidiary of energy company PPL Corp. on Wednesday announced a 20-year contract with a planned wind farm in Schuylkill County.

Business news briefs: 9/28/06 - Pittsburgh Post Gazette

Businessnewsbriefs: 9/28/06
Pittsburgh Post Gazette, PA -7 hours ago
The number of Pennsylvanians working for foreign-owned firms in the state slipped by 7,500 in the past year but still totaled 225,600, sixth-highest in the

Thursday Newspaper Review - Irish Business News and International … - FinFacts Ireland


FinFacts Ireland
Thursday Newspaper Review - IrishBusinessNewsand International
FinFacts Ireland, Ireland -6 hours ago
By Finfacts Team. The Irish Independent reports that drugs firm Elan is to pay up to $200m to add a new experimental treatment to

Business news in brief - Philadelphia Inquirer

Businessnewsin brief
Philadelphia Inquirer, PA -3 hours ago
Citing the effects of a sluggish local economy, newspaper publisher Journal Register Co. said it was cutting 82 jobs in the 67 newspapers

Business news briefs - Lansing State Journal

Businessnewsbriefs
Lansing State Journal, MI -2 hours ago
Ford Motor Co. has no plans to sell its Jaguar luxury car brand, but that could change, a top company executive said Wednesday.

Stateline Area Business News in Brief - Beloit Daily News

Stateline AreaBusinessNewsin Brief
Beloit Daily News, WI -7 hours ago
JANESVILLE - Mercy Health System, based in Janesville, recently was named among a Working Mother 100 Best Company by Working Mother magazine.

This Week s Business News and Notes - Falls Church News Press

This Week sBusinessNewsand Notes
Falls Church News Press, VA -9 hours ago
By Sally Cole. Acacia Federal Savings announced the winners of their 2 nd Annual Nice Guys awards which were granted in three categories.

Jiji Press Daily Japan Business News Briefs (Sept. 27) - Black Enterprise

Jiji Press Daily JapanBusinessNewsBriefs (Sept. 27)
Black Enterprise, NY -12 hours ago
NGK SPARK PLUG TO BUILD INDIAN PLANT–NGK Spark Plug Co. said it will build a plant for automobile and motorcycle spark plugs in a suburb of Delhi, India.

Local Business News - Battle Creek Enquirer

LocalBusinessNews
Battle Creek Enquirer, MI -14 hours ago
A"New Venture Training Course" begins tonight in Battle Creek to guide entrepreneurs in their endeavor. The class consists of 15

LSE sees'excellent' FY trading performance - (Stock Trading) Hemscott

Thursday, September 28th, 2006

LSE sees'excellent' FY trading performance - Hemscott

LSE sees'excellent' FYtradingperformance
Hemscott, UK -21 minutes ago
LONDON (AFX) - Long-running bid target the LondonStockExchange Group PLC said it is set to deliver an'excellent' full yeartradingperformance, buoyed by

Stock Trading - TOUSA Updates Earnings Contribution and Guidance On Its Transeastern Joint Venture

Wednesday, September 27th, 2006

TOUSA Updates Earnings Contribution and Guidance On Its Transeastern Joint Venture
HOLLYWOOD, Fla., Sept. 27, 2006 (PRIMEZONE) — TOUSA (NYSE:TOA) announced today that it is providing the following additional information in response to investor inquiries on the earnings contributions and guidance from its Transeastern joint venture.

Quintana Maritime Limited (QMAR) President and CEO to Ring the NASDAQ Stock Market Opening Bell
MEDIA ADVISORY, Sept. 27, 2006 (PRIMEZONE) –

Modern Technology Corp Appoints New Financial Operations Staff to Improve on Periodic Reporting Procedures
OXFORD, Miss., Sept. 27, 2006 (PRIMEZONE) — Modern Technology Corp (OTCBB:MODC) a diversified technology development and acquisition company announced today important positive changes to its financial operations.

Delta Air Lines Appoints New International Sales Leaders
ATLANTA, Sept. 27, 2006 (PRIMEZONE) — Delta Air Lines today appointed two leaders to fill vacant positions in its international sales organization to support a growing network of routes in Latin America, the Caribbean, Europe, Africa, and the Middle East.

The Montel Williams MS Foundation to Ring the NASDAQ Stock Market Closing Bell
MEDIA ADVISORY, Sept. 27, 2006 (PRIMEZONE) –

CORRECTION — TOUSA Updates Earnings Contribution and Guidance On Its Transeastern Joint Venture
HOLLYWOOD, Fla., Sept. 27, 2006 (PRIMEZONE) — In a news release issued earlier today, we are informed by the company of an error in the second paragraph: $37.9 million should have been $65.7 million. The corrected second paragraph follows.

Organetix Signs Letter of Intent to Merge With New Mexico Based Laser Developer Volius, Inc.
NEW YORK, Sept. 27, 2006 (PRIMEZONE) — Organetix Inc. (OTCBB:OGTX) has today announced that it has executed a Letter of Intent ("LOI") with Los Alamos, New Mexico based Volius, Inc., a leading developer of fiber lasers utilized for a broad range of applications in the engineering, industrial, medical, aerospace, and marking industries. The next step towards the completion of the proposed merger would be the execution of a definitive merger agreement, based on terms set fourth in the Letter of Intent (which shall be disclosed in a form 8K filing). While there can be no assurances moving forward, management of Organetix is confident about the successful completion of a definitive merger agreement with Volius, at a future date.

The Travel House Enters Agreement With Jim Flynn's Best Weekends
MORRISTOWN, N.J., Sept. 27, 2006 (PRIMEZONE) — Crystal International Travel Group (OTCBB:CINT) announced today that it has recently entered into a travel fulfillment agreement with Jim Flynn's Best Weekends. Under the agreement The Travel House, Crystal's travel fulfillment subsidiary, will be the sole provider for all travel services offered to Jim Flynn's customers through his website, www.bestweekends.com .

The CFA Society of Cleveland Hosts Luncheon Featuring First Place Financial Corp.
CLEVELAND, Sept. 27, 2006 (PRIMEZONE) — The CFA Society of Cleveland (CFASC) will host a luncheon featuring First Place Financial Corp. on Wednesday, October 4 at 12:00 p.m. at Sammy's Metropolitan Ballroom (21st floor of The Huntington Building, East Ninth Street and Euclid Avenue). Chief Financial Officer, Paul S. Musgrove, will make an investor presentation.

Stock Trading - Wal-Mart to Shrink Options For New Hires' Health Care

Wednesday, September 27th, 2006

Wal-Mart to Shrink Options For New Hires' Health Care
Wal-Mart Stores Inc. is scaling back the health-care plans available to new employees, sparking fresh criticism over whether the giant retailer is providing adequate coverage to its workers.
Ylan Q. Mui and Amy Joyce

Late Credit Card Payments Edge Higher
WASHINGTON — Late payments on credit card bills edged up this past spring, when high energy prices were squeezing the finances of some people and making it hard to pay bills on time.
JEANNINE AVERSA

Tribune Empire Could Crumble
Imagine buying the most expensive house on a good-looking block that appears to be on the upswing. Within three years, the neighborhood craters, your oldest kid starts backtalking and your spouse pesters you to sell the house and get out. Meanwhile, you're stuck with a fat mortgage.
Frank Ahrens

Consumer Confidence Higher Than Expected
NEW YORK — Falling gasoline prices helped ease American shoppers' worries in September, sending a gauge of consumer sentiment higher than analysts expected.
ANNE D'INNOCENZIO