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WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
Hoover Vacuum Cleaners Recalled For Potential Fire Hazard

The U.S. Consumer Product Safety Commission and Maytag have announced a voluntary recall of about 636,000 Hoover Self-Propelled Upright Vacuum Cleaners.

Global Economy Growth To Be Slower Than Last Year

The International Monetary Fund expects the global economy to grow at a slower pace of 4.3% this year and 4.4% next year compared to last year’s quicker pace.

Kerr-McGee Enters Settlement With Icahn Group and JANA Partners

Kerr-McGee has entered into a settlement with Mr. Carl Icahn, certain affiliated funds and JANA Partners.

WebTrends Finds H&R Block and TurboTax Lead in Search Engine Visibility WebTrends Finds H&R Block and TurboTax Lead in Search Engine Visibility

With the tax season reaching its crescendo, WebTrends, the web analytics market share leader and a business unit of NetIQ Corporation, today unveiled results from its WebPosition Search Ranking study of how ten popular tax web sites are using…

Navistar Gets In On Taiwan Military Contract

Navistar International today announced that its operating company International Truck and Engine Corporation in partnership with SanYang Industry Company of Taiwan…

Silicone-Gel Implants Get Thumbs Up From FDA Advisory Panel

An FDA advisory panel recommended approval of Mentor’s application to sell silicone-gel breast implants.

Microsoft Releases Beta of System Center Data Protection Manager

Yesterday, Microsoft announced the beta release of their Microsoft System Center Data Protection Manager (DPM). The utility was designed to provide a continuous disk-based backup and recovery solution for the Microsoft Windows Server System.

MGIC Investment 1Q Net Income

MGIC Investment reported net income for the quarter ended March 31, 2005 of $182.0 million, compared with the $130.1 million for the same quarter a year ago.

CoolBrands of Eskimo Pie Fame Reports 2Q Results

CoolBrands adopted the U.S. dollar as its functional and reporting currency effective September 1, 2004, the commencement of fiscal 2005.

LexisNexis Finds Possible Victim Count at 310,000

LexisNexis conducted a review on March 9, after it identified a number of incidents of potentially fraudulent access to information at its recently acquired Seisint unit.

Abercrombie & Fitch CFO Leaves Company

Abercrombie & Fitch announced that Susan J. Riley resigned as the Company’s Chief Financial Officer effective April 15, 2005 for family reasons and to return to her home in New York City.

Oil Drops Over $1 On Report of Rising Supplies

Oil prices fell over $1 a barrel today after data showed evidence of rising supplies in the U.S.

Calpine and Mitsui Enter Clean Energy Supply Contract With OPA
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Calpine and Mitsui have jointly entered into a 20-year Clean Energy Supply Contract with the Ontario Power Authority (OPA) to provide clean energy from a new 1,005-megawatt natural gas-fired power plant.

Instan-t Messenger 4.5 With New Video Chat Powered by Macromedia

Interactive Networks Inc., announces the latest release of Instan-t 4.5 freeware, a mayor update to the public instant messaging service it offers. New features include voice and video chat compatible with AOL, MSN, ICQ & Yahoo Messengers.

Greenberg Gave Wife $2 Billion in AIG Stock

Corinne P. Greenberg, has recieved $2 billion worth of American International Group shares from her husband, the company’s former chief executive, Maurice “Hank” Greenberg.

VSNL Receives Approval For Tyco Takeover

Videsh Sanchar Nigam Ltd (VSNL) has received approval from a U.S. panel to take over Tyco Global Network.

Fed Meeting Leads To Stock Increases and Falling Dollar

U.S. stocks went up and the dollar fell against the yen and euro after minutes from the Fed meeting last month were released.

Oil Back Up After Seven-Week Low

Oil prices went back up after reaching a near seven-week low based on fear that the U.S. won’t refine enough gasoline to live up to demand.

Judge To Render Decision in Zyprexa Patent Case

Eli Lilly and Company announced that the U.S. District Court for the Southern District of Indiana has stated that Judge Richard Young will render his decision…

Global Economy To Grow More Slowly Than Last Year

The International Monetary Fund expects the global economy to grow by 4.3% this year and 4.4% next year.

Merck Raises Outlook

Merck & Co. announced today that it anticipates its first quarter earnings per share (EPS) will be 62 cents, subject to final review of its first quarter results.

LexisNexis to Notify 280,000 More Possible Theft Victims

Reed Elsevier announced that LexisNexis had initiated a review on March 9, after it identified a number of incidents of potentially fraudulent access to information at its recently acquired Seisint unit.

Yahoo Announces Free Business Web Sites

Yahoo!, a leading global Internet company, today announced a new feature on Yahoo! Local that provides free Web sites for small businesses. This free and easy-to-use feature builds upon Yahoo!’s leadership position as the number one online destination for local information and small business services.

Positive Results for TYSABRI

Two-year data from the AFFIRM Phase III monotherapy trial presented for the first time, showed that treatment with TYSBARI (natalizumab) led to a significant reduction in disability progression…