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WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
GM Disappointed With $1.1 Billion Loss

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

Doral Financial Restates Floating Rate IO Valuation Related Earnings

Salomon Levis, Chairman of the Board and CEO of Doral Financial, announced that after consulting with various financial institutions and other firms with experience in valuation issues, the Company has…

Wells Fargo Posts Profit Increase

Wells Fargo & Company reported record diluted earnings per common share of $1.08 for first quarter 2005, compared with $1.03 in first quarter 2004, up 5 percent.

Martha Stewart Gets Her Own Radio Channel

SIRIUS Satellite Radio and Martha Stewart Living Omnimedia announced an exclusive four-year agreement to create and launch a Martha Stewart-branded satellite radio channel.

Sony Pictures Turns To Microsoft

At the National Association of Broadcasters convention, NAB2005, Microsoft announced that Sony Pictures Entertainment (SPE) is implementing the Microsoft Connected Services Framework.

GE Commercial Finance To Acquire BCIFD

GE Commercial Finance has agreed to acquire Bombardier Capital’s Inventory Finance Division (BCIFD).

HP and Infinity Broadcasting Make Radio Visual In the U.S.

HP and Infinity Broadcasting announced they will work together to deploy Visual Radio to U.S. listeners.

Cisco Takes Routers Up a Notch

Cisco Systems introduced the Cisco XR 12000 Series routers, which represents the combination of the Cisco Internetworking Operating System (IOS) XR software with the proven market-leading capabilities of the Cisco 12000 Series routers.

Bank of America Income On The Rise

Bank of America reported that first quarter net income rose to $4.70 billion, or $1.14 per share (diluted), from $2.68 billion, or $0.91 per share, a year ago.

Casino Gambling To Be Legal in Singapore
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A plan to legalize casino gambling in Singapore has been approved by the country’s government.

WebTrends Optimizes La Quinta Hotels with WebTrends 7 On Demand WebTrends Optimizes La Quinta Hotels with WebTrends 7 On Demand
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WebTrends, the web analytics market share leader and a business unit of NetIQ Corporation, today announced that La Quinta Corporation, one of the most recognized hotel chains in the United States with more than 560 hotels in 39 states has leveraged WebTrends 7 On Demand to optimize…

Coke Probe Comes To An End

The Justice Department has ended a two-year investigation into accounting irregularity allegations at the Coca-Cola Co.

Speedera and Macromedia Monetize Flash Video Content
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Speedera Networks and Macromedia announced theavailability of a new, secure Macromedia Flash video streaming option to both monetize and protect content delivered via Flash Video Streaming Service powered by Speedera.

SeaChange Takes Over Liberate’s Assets Outside of North America

SeaChange International and Liberate Technologies have entered into a definitive agreement in which SeaChange will acquire substantially all of the assets of Liberate’s business outside of North America.

Warner Music Decides on IPO Range

Warner Music Group has decided on a range of $22 to $24 for its initial public offering.

Target Takes Action on Products Containing Pseudoephedrine

Target is putting all products containing pseudoephedrine, the key ingredient in the manufacturing of the illegal drug methamphetamine, for purchase behind the pharmacy counter.

BlackBerry Platform Gets AvantGo From iAnywhere

iAnywhere Solutions announced the upcoming release of AvantGo for the BlackBerry platform from Research In Motion (RIM).

Dynegy Reaches Settlement With Shareholders

Dynegy has reached a comprehensive settlement agreement related to the shareholder litigation brought by the Regents of the University of California as a class action in the U.S. District Court in Houston.

Alienware To Offer Intel Dual-core

Alienware announced that select Alienware systems will soon offer the dual-core Intel Pentium Processor Extreme Edition 840 using the Intel 955X Express chipset.

Mozilla Updates For Security

To address security vulnerabilities, the Mozilla Foundation has put out new versions of Firefox and the Mozilla suite of programs.

Former EU Trade Commissioner Leads Race To Head WTO

Former European Union trade commissioner Pascal Lamy is leading the race to head the World Trade Organization.

Polo Ralph Lauren Targeted In Data Theft

180,000 credit card customers of Polo Ralph Lauren were warned of possible ID thefts due to a faulty POS system.

Lawsuits Filed Against 405 College Students For File Sharing

405 college students have had copyright infringement lawsuits filed against them by the Recording Industry Association of America (RIAA).

Blair’s Opposition Seeks MG Rover Investigation

The political opposition of Tony Blair is seeking an investigation into the fall of MG Rover.