http://isnaini.blogspot.com/Business and Industry Newsennoreply@blogger.com (Isnaini Dot Com)Wed, 14 Sep 2011 19:02:11 PDTBlogger http://www.blogger.com358125-7.7999110.3667http://isnaini.blogspot.comhttp://feeds.feedburner.com/~fc/anotherme?bg=009999&fg=444444&anim=0This is an XML content feed. It is intended to be viewed in a newsreader or syndicated to another site, subject to copyright and fair use.http://isnaini.blogspot.com/2008/12/some-doubt-gmac-move-will-help-car.htmlIndustrynoreply@blogger.com (Isnaini Dot Com)Mon, 29 Dec 2008 05:10:07 PSTtag:blogger.com,1999:blog-6319309.post-3490607989768281058Several analysts expressed skepticism Friday that the Federal Reserve's decision allowing GMAC Financial Services to become a bank holding company would spur many more people to buy cars.The Fed approved GMAC's request Wednesday to become a bank holding company, authorizing it to apply for a portion of the Treasury's $700 billion bailout fund and receive emergency loans directly from the2008-12-29T20:10:07.381+07:00http://isnaini.blogspot.com/2008/10/ti-profit-down-in-3q-warns-of-slowing.htmlStocksBusinessnoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:54:06 PDTtag:blogger.com,1999:blog-6319309.post-7288321732677149234Texas Instruments Inc., which makes chips for cell phones and other gadgets, warned Monday that orders are slowing down rapidly, and said it will cut jobs to save money.TI said it will reduce its work force by 650 people in six countries from a unit that makes chips for cell phones. And it is in talks to sell part of the unit, which has struggled due to a sales decline at one of its main clients,2008-10-21T08:54:06.024+07:00http://isnaini.blogspot.com/2008/10/gasoline-prices-tumble-despite-likely.htmlEnergynoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:53:16 PDTtag:blogger.com,1999:blog-6319309.post-6797638686726586628Consumers got another break at the gas pump Monday, as prices dropped further below $3 a gallon and approached year-ago levels even as the near-certainty of an OPEC production cut pushed oil prices marginally higher.Gasoline has fallen more than a dime a gallon since Friday, hitting a national average of $2.92 on Monday, according to auto club AAA, the Oil Price Information Service and Wright2008-10-21T08:53:16.362+07:00http://isnaini.blogspot.com/2008/10/halliburton-posts-21m-3q-loss-on-debt.htmlStocksBusinessnoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:52:47 PDTtag:blogger.com,1999:blog-6319309.post-201332560891919409Halliburton on Monday posted a $21 million third-quarter loss due largely to a big debt repayment, but the oilfield services company did booming business and its top executive maintained a positive outlook in the face of the global economic slowdown.The company's shares, hammered like others in recent weeks, rebounded in trading Monday.Halliburton's loss amounted to 2 cents per share in the2008-10-21T08:52:47.430+07:00http://isnaini.blogspot.com/2008/10/toy-makers-brace-for-tough-holiday.htmlBusinessnoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:52:13 PDTtag:blogger.com,1999:blog-6319309.post-3423441118391222487Both Barbie maker Mattel Inc., the world's largest toy retailer, and rival Hasbro Inc. said as they announced third-quarter results Monday that price increases are helping to offset rising costs, but noted that they could be hurt by the severity of the economic downturn.On Monday, Mattel posted a slightly higher third-quarter profit that still fell short of analyst expectations. Hasbro said its2008-10-21T08:52:13.962+07:00http://isnaini.blogspot.com/2008/10/amex-profit-falls-as-cardholders.htmlStocksBusinessnoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:51:50 PDTtag:blogger.com,1999:blog-6319309.post-74551923303257182American Express Co. said Monday its profit fell 24 percent in the third quarter as cardholders restrained their spending and had more trouble paying down debt.The results were better than anticipated, and propelled Amex's shares higher. Still, the company's report echoed other recent results showing that the credit-card environment is worsening -- even for companies like American Express that2008-10-21T08:51:50.553+07:00http://isnaini.blogspot.com/2008/10/utilities-consolidation-goes-on-exelon.htmlBusinessEnergynoreply@blogger.com (Isnaini Dot Com)Mon, 20 Oct 2008 18:51:26 PDTtag:blogger.com,1999:blog-6319309.post-2413290403220776277Nuclear power giant and utility operator Exelon made an unsolicited $6.2 billion all-stock bid for wholesale power generator NRG Energy in a deal that would create the nation's largest power company.The combined Exelon and Princeton, N.J.-based NRG would be big enough to power nearly 45 million homes with 47,000 megawatts, Chicago-based Exelon said. It would have a diverse power mix and a market2008-10-21T08:51:26.238+07:00http://isnaini.blogspot.com/2008/08/ibm-growth-sustained-worldwide.htmlBusinessnoreply@blogger.com (Isnaini Dot Com)Sat, 30 Aug 2008 07:09:16 PDTtag:blogger.com,1999:blog-6319309.post-9196620585466385286With over half of its revenue (58%) coming from outside the United States, International Business Machines Corporation (NYSE: IBM) has been more insulated from recent weakness in the U.S. economy than many of its peers.Further, we are encouraged with IBM's focus on more profitable businesses, such as software and services, and exit of low-margin businesses. IBM has strengthened its position2008-08-30T21:09:16.322+07:00IBMhttp://isnaini.blogspot.com/2008/07/siemens-cutting-17k-jobs-worldwide-to.htmlnoreply@blogger.com (Isnaini Dot Com)Wed, 09 Jul 2008 08:01:21 PDTtag:blogger.com,1999:blog-6319309.post-2139766613960246320Industrial conglomerate Siemens AG said Tuesday it will cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and slice nearly $2 billion in costs in the face of a slowing economy.The Munich-based maker of products ranging from light bulbs and medical equipment to high-speed trains and power turbines said the cuts would include 12,600 administrative jobs as well as2008-07-09T22:01:21.426+07:00http://isnaini.blogspot.com/2008/07/oil-extends-slide-into-2nd-day-losing.htmlnoreply@blogger.com (Isnaini Dot Com)Wed, 09 Jul 2008 08:00:32 PDTtag:blogger.com,1999:blog-6319309.post-1167351797689827527Oil tumbled more than $5 a barrel Tuesday in its second big drop this week, hurling crude back to levels not seen since June 26 as traders wary about the health of the global economy cashed in gains from oil's recent rally.Light, sweet crude for August delivery fell $5.33 to settle at $136.04, after earlier slumping as low as $135.14. The decline followed a $3.92 slide on Monday, bringing oil's2008-07-09T22:00:32.204+07:00http://isnaini.blogspot.com/2008/06/continental-cutbacks-to-hit-cleveland.htmlBusinessAirlinesnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:05:52 PDTtag:blogger.com,1999:blog-6319309.post-7983669274657453950Travelers in Cleveland and Houston will be hit hardest when Continental Airlines starts cutting flights later this year in its fight against record fuel costs.In a message to employees made public Thursday, the carrier said it will stop flying to 15 destinations and reduce service in several other markets as it sheds about 11 percent of mainline capacity starting in September.Some of the cutbacks2008-06-14T01:05:52.622+07:00http://isnaini.blogspot.com/2008/06/united-to-charge-15-for-first-checked.htmlBusinessAirlinesnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:05:12 PDTtag:blogger.com,1999:blog-6319309.post-1470711805958131755United Airlines announced a new baggage fee on Thursday, three weeks after American Airlines set the precedent for the charge.Most U.S. carriers already have instituted a $25 charge for checking a second bag -- part of a potpourri of new fees that reflect a struggling airline industry passing along record fuel prices to passengers in the form of higher fares, fuel surcharges and service2008-06-14T01:05:12.866+07:00http://isnaini.blogspot.com/2008/06/us-airways-to-cut-jobs-fleet-charge-for.htmlBusinessAirlinesnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:04:48 PDTtag:blogger.com,1999:blog-6319309.post-874802907261453173US Airways Group Inc. said Thursday it planned sweeping cuts in service and increased fees to pay for sky-high fuel costs that have plagued the industry.The Tempe, Ariz.-based carrier said it would cut domestic flights, shrink the size of its fleet, slash 1,700 jobs, charge passengers to check their first bag and add a fee for nonalcoholic drinks during flights.Fliers will now pay $15 to stow2008-06-14T01:04:48.962+07:00http://isnaini.blogspot.com/2008/06/oil-prices-rebound-on-nigeria-technical.htmlBusinessEnergynoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:03:18 PDTtag:blogger.com,1999:blog-6319309.post-1156379567877577080Oil prices rebounded from a steep early loss to end modestly higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies.Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep rising.Light, sweet crude for July delivery rose 36 cents to settle at $136.74 a barrel on the New York Mercantile Exchange.2008-06-14T01:03:18.184+07:00http://isnaini.blogspot.com/2008/06/retail-sales-jump-by-largest-amount-in.htmlIndustryBusinessnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:02:14 PDTtag:blogger.com,1999:blog-6319309.post-4167694921513687174Retail sales jumped by the largest amount in six months in May as 57 million economic stimulus payments helped offset the headwinds buffeting consumers.The Commerce Department reported Thursday that retail sales soared 1 percent last month, the biggest increase since November.A wide variety of retailers enjoyed a good month, including the biggest increase at department stores and other general2008-06-14T01:02:14.213+07:00http://isnaini.blogspot.com/2008/06/wall-street-closes-up-but-off-highs-as.htmlStocksBusinessMarketnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:01:45 PDTtag:blogger.com,1999:blog-6319309.post-6073948740859865472Wall Street gave up a big early advance as the price of oil rose Thursday, with stocks closing moderately higher but also demonstrating how anxious investors are about inflation and the overall health of the economy.Bond prices fell sharply and yields shot higher in response to an upbeat retail sales report.Word late in the session that Yahoo Inc. called off talks of any deal with Microsoft Corp.2008-06-14T01:01:45.956+07:00http://isnaini.blogspot.com/2008/06/lehman-brothers-removes-finance.htmlStocksBusinessMarketnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:01:25 PDTtag:blogger.com,1999:blog-6319309.post-7294123012809827516Lehman Brothers Holdings Inc. shook up its management Thursday, removing two top executives in a concession that attempts to quell Wall Street anger over recent losses have failed.The nation's fourth-largest investment bank said Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory have been removed from their positions, days after the investment bank announced a $32008-06-14T01:01:25.307+07:00http://isnaini.blogspot.com/2008/06/yahoo-ends-all-talks-with-microsoft.htmlBusinessInternetnoreply@blogger.com (Isnaini Dot Com)Fri, 13 Jun 2008 11:00:50 PDTtag:blogger.com,1999:blog-6319309.post-1249661096642474614Yahoo Inc.'s efforts to revive takeover talks with Microsoft Corp. have reached a dead end, setting the stage for the Internet pioneer to turn over a piece of its advertising platform to online search leader Google Inc.The news disclosed Thursday caused Yahoo shares to plunge 10 percent as investors abandoned hope that Microsoft would renew a nearly five-month quest to buy the Sunnyvale-based2008-06-14T01:00:50.807+07:00http://isnaini.blogspot.com/2008/06/tampa-international-airport-earn-2008.htmlBusinessMarketAirlinesEconomicnoreply@blogger.com (Isnaini Dot Com)Thu, 12 Jun 2008 11:22:04 PDTtag:blogger.com,1999:blog-6319309.post-2687136253854272713Tampa International was awarded the Eagle Award from the International Air Transport Association for outstanding customer satisfaction. The award is given to leading airports and air navigation service providers for outstanding performance in customer satisfaction, cost efficiency and continuous improvement. IATA noted that Tampa International lowered its cost per passenger to carriers from $5.322008-06-13T01:22:04.029+07:00http://isnaini.blogspot.com/2008/06/tampa-bay-manufacturer-breaks-ground-on.htmlBusinessEconomicnoreply@blogger.com (Isnaini Dot Com)Thu, 12 Jun 2008 11:21:34 PDTtag:blogger.com,1999:blog-6319309.post-2444301289588686569The LeverEdge recently broke ground on a new 94,110-square-foot corporate headquarters and manufacturing facility located in Odessa, Florida. The 10-acre site will house LeverEdge's executive offices as well as manufacturing facilities and warehouses for their water conditioning, solar domestic hot water, and solar pool heating products. LeverEdge plans a capital investment of $8.4 million in2008-06-13T01:21:34.121+07:00http://isnaini.blogspot.com/2008/06/lions-eye-institute-breaks-ground-on.htmlBusinessEconomicnoreply@blogger.com (Isnaini Dot Com)Thu, 12 Jun 2008 11:21:05 PDTtag:blogger.com,1999:blog-6319309.post-4923687498657643243The Lions Eye Institute for Transplant & Research broke ground recently on a 12,000-square-foot ocular research center in Tampa. The expansion will allow the institute to provide more corneal transplants. Its transplant and research development facility procures, prepares and distributes human eye tissue for biomedical research to academic, government and industry markets. The nonprofit2008-06-13T01:21:05.704+07:00http://isnaini.blogspot.com/2008/06/new-cargo-service-to-connect-tampa-bay.htmlBusinessnoreply@blogger.com (Isnaini Dot Com)Thu, 12 Jun 2008 11:19:54 PDTtag:blogger.com,1999:blog-6319309.post-2449264568105613437In late July, Peruvian Amazon Line plans to add cargo service every 60 days between the Port of Tampa and Houston; Tampico, Mexico; Cartagena and Liticia, Colombia; Manaos, Brazil; and Iquitos, Peru. Headquartered in Lima, Peruvian Amazon Line has operated regular liner service between the United States, Mexico, Colombia, Brazil and Peru for 38 years, focusing on serving ports along the Amazon2008-06-13T01:19:54.250+07:00http://isnaini.blogspot.com/2008/06/tomatoes-pulled-off-shelves-amid.htmlBusinessnoreply@blogger.com (Isnaini Dot Com)Wed, 11 Jun 2008 02:56:57 PDTtag:blogger.com,1999:blog-6319309.post-5017576922276561299Federal officials hunted for the source of a 17-state salmonella outbreak linked to three types of raw tomatoes, while the list of supermarkets and restaurants yanking those varieties from shelves and menus grew.McDonald's, Wal-Mart, Burger King, Kroger, Outback Steakhouse, Winn-Dixie and Taco Bell were among the companies that voluntarily withdrew red plum, red Roma or round red tomatoes unless2008-06-11T16:56:57.784+07:00http://isnaini.blogspot.com/2008/06/pinnacle-being-dropped-as-delta.htmlIndustryBusinessAirlinesnoreply@blogger.com (Isnaini Dot Com)Wed, 11 Jun 2008 02:54:18 PDTtag:blogger.com,1999:blog-6319309.post-5843365848234408538Pinnacle Airlines Corp. shares fell more than 25 percent Tuesday after it disclosed that Delta Air Lines Inc. plans to cancel its flying contract with the regional carrier, citing poor on-time performance.Northwest Airlines Corp., Pinnacle's biggest customer, has no current plans to change its relationship with Pinnacle. However, Delta is acquiring Northwest, worrying investors about what that2008-06-11T16:54:18.937+07:00http://isnaini.blogspot.com/2008/06/paulson-pledges-robust-engagement-with.htmlBusinessnoreply@blogger.com (Isnaini Dot Com)Tue, 24 Jun 2008 09:43:29 PDTtag:blogger.com,1999:blog-6319309.post-2480399053061313075Treasury Secretary Henry Paulson says the administration intends to keep pursuing a policy of "robust engagement" with China that will include filing unfair trade cases as needed and pressuring the Chinese to move more quickly to revalue their currency.Paulson, delivering a speech outlining the goals of a high-level meeting the two countries will hold next week, said that it was important for2008-06-24T23:43:29.225+07:00