Archive for May, 2007
‘American Idol’ parent gets $1.3B offer
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Dell wows Wall St., to cut staff 10%
Dell, the No. 2 PC maker, reported sales and profits Thursday that handily beat Wall Street forecasts and announced it would cut its staff by 10 percent over the next 12 months.
5 ways to fix Wal-Mart
As Wal-Mart prepares for its annual meeting, the world's biggest retailer - in typical fashion - has lined up big-name performers to entertain the crowd, including a concert by The Eagles.
Mortgage rates climb again
Mortgage rates rose again this week on strong economic growth outside of the housing market, according to a weekly report from Freddie Mac Thursday.
Quittner: Gates-Jobs lovefest
Anyone who expected a slugfest when Bill Gates and Steve Jobs appeared together Wednesday were sorely disappointed, reports B2 Editor Josh Quittner.
Bulls firmly in control
Wall Street extended gains Thursday, sending the Dow and S&P 500 deeper into record territory, after the government reported the slowest economic growth since 2002.
Wii will rock you
Nintendo's legendary videogame designer Shigeru Miyamoto is lying face down on the floor in Kyoto, Japan, hobbled by a right cross and struggling to regain his composure. The man some credit with the very existence of the $30 billion videogame industry, the Walt Disney of our generation, has taken one blow to the face too many. I'm standing over the creative force behind Donkey Kong, Super Mario, Nintendogs and his latest worldwide sensation, the Wii. I goad him to get up for the rest of his beating.
Northwest to emerge from bankruptcy
A leaner Northwest Airlines is due to emerge from bankruptcy court protections Thursday, at the start of a summer travel season that should see fuller planes and higher fares for most U.S. flyers.
Economic growth slowest since ‘02
The economy grew at its slowest pace since 2002 in the first three months of the year, according to a government report Thursday that was weaker than Wall Street expectations.