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forbes Articles

Qwest Still Putting Up a Fight in Ongoing MCI Bid War

Qwest Communications has once again decided to increase its offer in the ongoing battle with Verizon for MCI.

Mentor Application Gets FDA Advisory Panel Approval

Mentor’s application to sell silicone-gel breast implants was approved by an FDA advisory panel.

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.

Yellow Roadway Optimistic About USF Acquisition

Yellow Roadway remains confident that the acquisition of USF Corporation will provide significant value for shareholders of both companies.

Oil Eases After Hitting Record Highs

After going up to record of over $58 a barrel, oil prices have gone back down with production being able to meet demand.

Oil Continues to Climb

With OPEC to discuss a second increase in output, oil prices have jumped to over $58 a barrel.

Crop Disease To Lead to Less Soybean Growth

The number of soybeans grown this year by farmers will be lower due to an Asian rust disease.

Oil Prices Rise Again

Oil prices went back up even though an increase in inventories was announced, and OPEC said that there was no supply problem.

Delta CreditWatch Rating Gets Revised

Standard and Poor’s revised Delta Air Lines’ CreditWatch rating outlook to “developing” from “positive”.

Northwest Ordered To Buy Back Stock

Northwest Airlines was ordered by a New York jduge to buy back $226 million in stock from its employees.

2-For-1 Split For Pixar

Pixar’s Board of Directors has approved a two-for-one split of the company’s common stock and a proportional increase in the number of Pixar common shares authorized from 100 million to 200 million.

Oil Prices At Record Highs

Oil prices reached a record $57.50 a barrel with traders worried taht that OPEC’s production increase won’t live up to demand.

Shares Rise After Statement from Swiss and Lufthansa

Swiss International Air Lines shares went up after a possible takeover by Lufthansa was announced.

New Canadian Billionaire Makes Forbes List

Alex Shnaider who is worth about $1.4 billion has made Forbes magazine’s list of world billionaires.

Samsung’s New Wireless Devices

Samsung has developed a 7-megapixel camera phone and will show it at the Cebit show in Hanover, Germany.

Oil Prices Fall With the Temperature

Oil prices went down but stayed around $51 a barrel with cold weather in the U.S. increasing heating oil consumption.

Thinking Outside the Media Box

One of the more interesting developments in online news over the past year has been the rapid adoption of conversational media tools – e.g. blogs, RSS and podcasting – by the traditional mainstream media.

Federated 4Q Profit Slightly Higher Than Expected

Federated Department Stores, owner of Macy’s and Bloomingdale’s, posted a higher than expected fourth-quarter profit.

Brown-Forman Has Strong Third Quarter

Brown-Forman which makes Jack Daniel’s and Southern Comfort, reported that its third-quarter income went up thanks to strong liquor sales and asset sales.

Acuity To Axe 15% of Workforce

Acuity Brands is cutting 1,100 jobs which comes out to about 15% of its salaried work force by the end of February.

Sirius to Add NASCAR Channel

Sirius Satellite Radio is going to begin broadcasting NASCAR events live in 2007 on a new channel.