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Articles Written by: BYREUTERS
The power company NRG Energy Inc. has made an unsolicited bid to buy competitor the Calpine Corporation for about $11 billion in stock, the companies said on Wednesday.
Calpine, which emerged from bankruptcy earlier this year, said it was reviewing the ...
The women’s apparel retailer Talbots posted higher-than-expected quarterly operating earnings on Wednesday, saying that cost cuts almost completely offset weaker-than-anticipated sales.
Excluding a loss related to the closing of its children’s, men’s ...
Revenue from spinal products jumped 35 percent, aided by sales from the newly acquired Kyphon business. But almost every division at Medtronic had strong revenue growth, with cardiovascular, neuromodulation and diabetes products all contributing solid ...
The American International Group’s recent issue of equity and debt is expected to raise about $20 billion, far more than initially expected, its chief executive, Martin J. Sullivan, said Tuesday.
The company’s shares dropped to their lowest point in ...
Two of the largest United States retailers said on Tuesday that the weak economy and battered housing industry were discouraging consumers from making anything more than basic purchases.
Home Depot, the leading home improvement retailer, and Target, ...
The confidence of American consumers tumbled to a 28-year low this month as rising prices strained household finances.
The data on Friday also showed that consumers’ short-term inflation expectations hit a 26-year high, fueling worries that the United ...
Blockbuster, which has offered to buy Circuit City Stores for up to $1.3 billion, said sales at domestic stores open at least a year rose for the first time in five years because of a better lineup of new movies and improved in-store merchandising.
Net ...
posted a lower quarterly profit on Tuesday, missing analysts’ estimates by a penny, as it booked charges related to its $565 million acquisition of Wild Oats Markets in August.
Despite a 28 percent rise in sales during the quarter, the company, which ...
Countrywide Financial’s chief executive, Angelo R. Mozilo, realized $121.5 million from exercising stock options and was awarded $22.1 million of compensation in 2007, a year when the housing slump pummeled the nation’s largest mortgage lender.
The ...
Lilly also reported disappointing sales of its Byetta diabetes drug, while Novartis and Merck, like much of the industry, are dealing with patent expirations and generic competition for some of their important medicines.
Novartis benefited from the ...
