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IBM ups 2008 earnings target again

AP — Thu, 17 Jul 2008 20:26:06 +0000

IBM Corp. its raising its profit targets for the year _ again.

Newell Rubbermaid cuts 2008 profit outlook

AP — Tue, 15 Jul 2008 13:17:38 +0000

Sharpie pen maker Newell Rubbermaid Inc. said Tuesday it would stop making some products while raising prices on others as much as 22 percent as it continues to grapple with rising energy costs that make plastic more...

Chevron projects strong 2Q despite refining loss

AP — Fri, 11 Jul 2008 06:36:22 +0000

Chevron Corp. on Thursday projected a second-quarter loss from refining and selling fuel despite record-high gasoline prices that have been draining household and business...

Boeing ups 20-year plane market forecast

AP — Wed, 09 Jul 2008 20:06:08 +0000

The Boeing Co. on Wednesday raised its outlook for spending on commercial airplanes over the next 20 years by 14 percent, helped in part by an expected 5 percent rise in worldwide air travel and the demand for new, more fuel-efficient...

ConocoPhillips 2Q production falls as planned

AP — Tue, 08 Jul 2008 12:58:04 +0000

ConocoPhillips says its global production declined in the second quarter as expected. Meanwhile, prices for crude oil and natural gas have continued to soar.

UnitedHealth cuts 2008 outlook as premiums slip

AP — Wed, 02 Jul 2008 11:39:13 +0000

Health insurer UnitedHealth Group Inc. lowered its 2008 profit outlook on Wednesday, citing reduced commercial business and higher-than-expected Medicare-related...

Toyota could overtake GM in US sales in June

AP — Fri, 27 Jun 2008 19:37:49 +0000

Toyota Motor Corp. could overtake General Motors Corp. in monthly U.S. sales for the first time in June, but the victory could be a hollow one as the weak economy continues to pummel the auto industry and even Toyota struggles to meet U.S. consumers’ sudden and insatiable demand for hybrid cars.

Anheuser-Busch sets growth goals as InBev defense

AP — Fri, 27 Jun 2008 14:30:11 +0000

Anheuser-Busch Cos. on Friday detailed its plan to make the company more valuable than the $65 per share offer it rejected from InBev, and gave 2008 and 2009 profit guidance above analyst...

Sony Ericsson issues profit warning for 2Q

AP — Fri, 27 Jun 2008 14:26:00 +0000

Mobile phone maker Sony Ericsson warned Friday that it will just break even in the second quarter as worsening market conditions cut into sales.

Economists worry about consumer spending for holiday season

AP — Wed, 25 Jun 2008 20:36:20 +0000

The holiday shopping season is still months away, but already a growing number of economists are predicting that it could even be worse than last year _ which is to say,...