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WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
JDS Uniphase Initiates Business Transformation Strategy

JDS Uniphase announced a key milestone in its transformative business strategy to achieve profitability and increase corporate agility by reducing cost structure and eliminating non-core products.

Royal Caribbean Profit Surges

Royal Caribbean Cruises reported today that net income for the first quarter of 2005 was $135.3 million, or $0.63 per share.

Belo Earnings Rise In First Quarter

Belo issued today its statistical report for the month of March. Newspaper Group revenues decreased 0.2 percent for the month of March…

eBay Hits A Billion For the First Quarter Ever

ebay’s profits went up 28% in the first quarter with the amount of people buying, selling, and bidding going up by a third.

NYSE and ArcaEx To Become NYSE Group, Inc.

The New York Stock Exchange (NYSE) has entered a merger agreement with the Archipelago Exchange (ArcaEx) which will lead to the combined entity, NYSE Group, Inc., becoming a publicly-held company.

SAP Announces 1Q Results

SAP AG announced its preliminary financial results for the first quarter ended March 31, 2005.

Cable Companies Unite
· 1

The U.S. assets of Adelphia are being acquired by Time Warner and Comcast for $12.7 billion in cash and 16% of Time Warner Cable’s common stock.

Gillette Retaliates Against Commonwealth Secretary

Gillette said that Secretary of the Commonwealth William F. Galvin lacks the authority under Massachusetts law to pursue his highly publicized inquiry…

Berkshire Hathaway Becomes Significant Anheuser-Busch Shareholder

Anheuser-Busch has recently learned that Berkshire Hathaway has become a significant shareholder, based on information available to the company.

Falconbridge $221 Million In First Quarter

Falconbridge reported consolidated earnings of $221 million (basic earnings per share of $1.22 and diluted earnings per share of $1.21) for the first quarter 2005.

Allied Domecq Accepts $14.2 billion Bid From Pernod and Fortune

Allied Domecq has accepted a $14.2 billion takeover offer from Pernod Ricard and Fortune Brands.

Google Releases First Quarter Results

Google announced financial results for the quarter ended March 31, 2005. Google reported record revenues of $1.256 billion for the quarter ended March 31, 2005, up 93% year over year.

Archipelago Shares Skyrocket On Takeover From NYSE

Archipelago Holdings shares went up 55% after the announcement that the company agreed to be taken over by the New York Stock Exchange.

Consumer Prices Jump In March

Consumer prices in the United States increased by more than expected in the month of March.

US Airways and America West Discuss Possible Merger

US Airways and America West have been in merger talks, and the companies are now looking for investors.

Pfizer Revenues Up From Last Year

Pfizer revenues for the first quarter of 2005 grew 5 percent to $13.091 billion, compared to the first quarter of 2004, reflecting strong performances by Lipitor, Zithromax, and other product lines.

Health Canada Approves Cannabis MS Treatment

Health Canada has approved Sativex (Cannabis sativa L. extract) a new drug developed as adjunctive treatment for the symptomatic relief of neuropathic pain in adults with multiple sclerosis (MS).

US Airways and America West Working Toward Merger

US Airways has reportedly been in merger talks with several carriers, but has gotten the farthest with America West.

Simplified Integration of Mainframe Business Processes in Service Oriented Architectures

NEON Systems announced its validation and support for Oracle BPEL Process Manager through its Shadow RTE mainframe integration suite.

Piper Jaffray Has a Bad Quarter

Piper Jaffray announced net income of $7.3 million, or $0.38 per diluted share, for the quarter ended March 31, 2005, down from net income of $13.8 million, or $0.71 per diluted share, for the quarter ended March 31, 2004.

AOL Takes Action Against Phishing

America Online announced a major new initiative to combat “phishing” — the practice of using fraudulent e-mail and fake web sites to solicit sensitive personal information from users.

General Motors Reports Biggest Loss Since 1992

General Motors reported a loss of $1.1 billion, or $1.95 per share for consolidated net income for the first quarter of 2005.

Sears and Latina Team Up On Apparel Line

Sears, Roebuck and Co. and Latina Media Ventures, the publisher of Latina magazine, announced an exclusive partnership to create Latina Life, a new line of apparel, footwear and handbags influenced by the style of Hispanic women.

America Online Launches Major Anti-Phishing Campaign

America Online today announced a major new initiative to combat “phishing” — the practice of using fraudulent e-mail and fake web sites to solicit sensitive personal information from users.