Pressed by the Economy, Starbucks Lowers Its Forecast 2008-04-25 06:01 - Citing a 5 percent decline in sales last quarter, Starbucks cut its full-year forecast, sending the company’s stock down nearly 11 percent in after-hours trading.
Stewards of James Brown Estate Sue Morgan Stanley 2008-04-25 06:01 - Guardians are accusing the investment bank of failing to prevent the estate’s previous manager, David G. Cannon, from draining millions of dollars held at the bank.
Profits Top Expectations for Makers of Drugs 2008-04-25 06:01 - A new multiple sclerosis drug helped lift Biogen Idec’s first-quarter profit by 24 percent. Schering-Plough’s reported decline, was less than Wall Street expected.
Liberty Mutual Is Bidding $6.2 Billion for Safeco 2008-04-25 06:01 - Each share of Safeco will be exchanged for $68.25 cash, nearly a 51 percent premium to Safeco’s closing stock price of $45.23 on Tuesday.
Triple-A Failure 2008-04-25 06:01 - How Moody’s and other credit-rating agencies licensed the abuses that created the housing bubble ? and bust.
Nintendo’s Profit Hits Record High 2008-04-25 06:01 - Nintendo net profit rose 47.7 percent to a record high, powered by strong sales of software and accessories for its Wii video game console and for its DS handheld devices.
Union Pacific Profit Rises, but Outlook Falls Below Estimates 2008-04-25 06:01 - The railroad’s first-quarter profit beat estimates, as strong pricing offset flat freight volumes and a lower tax rate, but it’s second-quarter outlook fell below market expectations.
Aetna Profit Slips, but Revenue Beats Estimates 2008-04-25 06:01 - Membership growth and higher premium rates pushed the health insurer’s revenue higher and the company reaffirmed its outlook for 2008.
Raytheon Profit Up 15 Percent on Defense Contracts 2008-04-25 06:01 - Increasing defense contract volume helped lift Raytheon’s first-quarter profit 15 percent, as the company reiterated its full-year financial expectations for double-digit profit growth.
