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WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.
Retail Sales Gain but Disappoint in March

March retail sales did not live up to Wall Street’s expectations, but did manage to grow moderately.

Harley-Davidson Reports Record Revenue

Harley-Davidson announced record revenue and earnings for its first quarter ended March 27, 2005.

Oil Down For 8 Out Of 9

Oil prices fell were down for the eighth session out of nine to their lowest in six weeks.

Siebel Appoints New CEO

The Board of Directors of Siebel Systems announced the appointment of veteran industry technology leader George T. Shaheen as the company’s Chief Executive Officer, effective immediately.

IMF Says Gloabal Economic Growth WIll Slow

The International Monetary Fund believes that the global economy will slow down compared to last years strong growth.

U.S. Trade Deficit Reaches Record Number

The United States trade deficit reached a record $61 billion in February due in part to growing numbers of textile and clothing imports.

Kos and Barr Sign Agreements To Resolve Patent Litigation

Kos Pharmaceuticals and Barr Pharmaceuticals have signed Co-Promotion, Licensing and Manufacturing, and Settlement and License Agreements relating to the resolution of the patent litigation involving Kos’ Niaspan products.

Estee Lauder Collaborates With Tom Ford

Estee Lauder announces a first-of-its-kind creative collaboration with world-renowned fashion designer Tom Ford.

NASA Head Select Wants To Review Hubble Decision

Michael Griffin, who is the Bush administration’s choice to head NASA, would like to revisit the decision to mothball the Hubble Telescope and its funding.

Levi Strauss Reports First Quarter Results

Levi Strauss & Co. announced financial results for the first quarter ended February 27, 2005 and filed its first-quarter 2005 Form 10-Q with the Securities and Exchange Commission.

Travelzoo Reports Record Revenues

Travelzoo today reported record revenues for the first quarter ended March 31, 2005.

U.S. Trade Deficit Reaches Record in February

The United States trade deficit grew to a record $61 billion in February which is more than was expected.

Oil Prices Take Another Turn

Oil prices went back down 3% after the International Energy Agency said that demand is slowing.

Verizon Registers For MCI Proposal

Verizon has registered with U.S. market regulators for its $7.8 billion MCI acquisition proposal.

Microsoft Settles With Gateway For $150 Million

Microsoft has reached an agreement with Gateway to resolve legal issues between the two companies.

Gannett Has Record First Quarter

Gannett reported today that 2005 first quarter earnings per diluted share, on a GAAP (generally accepted accounting principles) basis increased 5.0 percent to $1.05, a new record.

ISP Stockholders Approve Merger With Mittal

Stockholders of International Steel Group voted to approve the proposed merger of ISG and Mittal Steel Company N.V. at a meeting today.

Toyota Buys Michigan Property

Toyota Technical Center USA has signed a purchase agreement with the State of Michigan for property being offered by the State of Michigan.

Growing Number of Imports Contributes to Record Deficit

The United States trade deficit grew more than expected in February to a record $61 billion.

Wal-Mart Teams With National Fish and Wildlife Foundation

The National Fish and Wildlife Foundation and Wal-Mart announced a groundbreaking partnership program, “Acres for America,” which will conserve critical wildlife habitats for future generations.

Greenberg To Refuse To Testify

Former American International Group chairman and CEO Maurice “Hank” Greenberg won’t be testifying when questioned by regulators.

LexisNexis Reviews Data Search Activity

LexisNexis has completed an extensive review of data search activity at its recently acquired Seisint unit, as well as across its other businesses.

Pepsi Reports First Quarter Net Income

The Pepsi Bottling Group reported first quarter 2005 net income of $39 million, or diluted earnings per share (EPS) of $0.15.

Starbucks Just Added Water

Starbucks announced its acquisition of Ethos Water, a privately held bottled water company based in Santa Monica, Calif.