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BUSINESS BRIEF

Record High Oil Prices Send Markets Lower

Oil prices weighed heavily on U.S. stock markets today as investors were left to ponder not if but when oil will break the $50 barrier -- and what will happen as a result ...

BUSINESS BRIEF

Oil Prices Snuff Out Wall Street Rally

Another spike in oil prices to a record high squelched a would-be-rally on Wall Street today as the markets closed out a week many investors were eager to see come to a end ...

BUSINESS BRIEF

Blue Chips Down Again as Economic Indicators Fall

A weak outlook for the economy and oil's continued march toward new record-high prices left U.S. stocks mixed today, with the Dow suffering a second straight day of sharp losses ...

BUSINESS BRIEF

Stock Prices Plummet on Oil Prices, Financial News

U.S. stock markets turned in their worst performance in nearly a month today as crude oil prices rocketed toward $50 per barrel and investors fretted over the future of corporate earnings ...

Cingular, AT&T Wireless, Triton PCS To Make Trade

Cingular Wireless, AT&T Wireless and Triton PCS today said that they have signed an agreement -- contingent on the closing of Cingular's acquisition of AT&T Wireless -- that will give Cingular expanded wireless service in Virginia and Triton PCS added coverage in North Carolina and entry into the Puerto Rico MTA ...

Cingular, AT&T Wireless, Triton PCS To Make Trade

Cingular Wireless, AT&T Wireless and Triton PCS today said that they have signed an agreement -- contingent on the closing of Cingular's acquisition of AT&T Wireless -- that will give Cingular expanded wireless service in Virginia and Triton PCS added coverage in North Carolina and entry into the Puerto Rico MTA ...

Cingular, AT&T Wireless, Triton PCS To Make Trade

Cingular Wireless, AT&T Wireless and Triton PCS today said that they have signed an agreement -- contingent on the closing of Cingular's acquisition of AT&T Wireless -- that will give Cingular expanded wireless service in Virginia and Triton PCS added coverage in North Carolina and entry into the Puerto Rico MTA ...

BUSINESS BRIEF

Markets Rally After Fed Hikes Rates Again

The Federal Reserve Board raised interest rates as expected today, boosting the overnight lending rate by a quarter-point. Stocks reacted to the news with a modest late-day rally ...

BUSINESS BRIEF

Stocks Drop as Investors Await Fed Move

Another day of rising oil prices, an apparently imminent rate hike by the Federal Reserve and corporate earnings warnings conspired to drive stocks lower Monday ...

Roche Says Pancreatic Cancer Drug Shows Significant Benefit

Roche, Genentech and OSI Pharmaceuticals today announced positive results from a phase III study of investigational drug Tarceva (erlotinib) in locally advanced or metastatic pancreatic cancer patients ...

Markets Up Slightly After Soothing Inflation Report

Consumer prices barely grew in August, the latest sign that at least inflation is not a main concern in the U.S. economic picture ...

Philadelphia Fed Says Manufacturers Continue To See Growth

Activity in the Philadelphia region's manufacturing sector continues to improve, according to firms surveyed for this month's Business Outlook Survey released today by the Federal Reserve Bank in Philadelphia ...

Mazda, NEC Partner on Grid-Computing Initiative

Mazda and NEC today announced that Mazda will start testing grid-computing technology. For the trial, NEC will incorporate the technology into Mazda's core business systems to use the distributed IT resources of many servers as one virtual server ...

Stocks Tumble on Earnings, Economic News

Bad news -- an earnings warning from a Dow company and a tepid economic indicator -- drowned out any reason for optimism, such as Oracle's earnings, as investors sent stocks to sizeable losses Wednesday ...

BUSINESS BRIEF

Infineon Reaches Settlement with DOJ

Infineon Technologies AG announced today that it has reached an agreement with the United States Department of Justice, Antitrust Division ...

Tech Stocks Lead the Way on Wall Street

Investors continued to be bullish on technology stocks Monday, driving the Nasdaq above the 1,900 level for the first time in two months and helping to lift stocks higher across the board ...

SugarCRM Debuts Open Source CRM Software

SugarCRM, developer of Sugar Sales commercial open source customer relationship management (CRM) application built on pure LAMP (Linux, Apache, MySQL, PHP) environments, has the release of Sugar Sales Professional ...

Gartner: Semiconductor Vendors Will Consolidate

The semiconductor industry has become inflated with hundreds of vendors competing in a crowded marketplace. However, within 10 years, 40 percent of today's semiconductor vendors are likely to leave the industry, according to new research from Gartner ...

Lack of Inflation Helps Boost Wall Street

Data showing that inflation appears to be in check, at least at the wholesale level, helped lift Wall Street to a winning close of a holiday-shortened week ...

Tech Stocks Shine, Jobless Claims Down

In what has been a rare occurrence this year, technology stocks outshone their counterparts as some good earnings news from the sector helped power the Nasdaq higher ...

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