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Business News News Archive - Political Yard

Barnes & Noble profit falls, cuts year sales view

Posted on Aug 21, 2008 - 9:35 am
Reuters - Barnes & Noble Inc posted a smaller-than-expected drop in quarterly profit on Thursday, but cut its full-year sales forecast, citing a challenging environment for book sales.

Reuters

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Burger King profit up, outlook within Wall St view
Posted on Aug 21, 2008 - 7:35 am - Reuters
Reuters - Burger King Holdings Inc , the world's second-largest hamburger chain, posted a higher-than-expected quarterly profit on Thursday and issued a fiscal 2009 forecast within Wall Street's expectations.

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Buffett, Gates tour Canadian oil sands operation
Posted on Aug 20, 2008 - 2:33 pm - Reuters
Reuters - Warren Buffett and Bill Gates, two of the world's richest men, toured Canadian Natural Resources Ltd's Horizon oil sands project near Fort McMurray, Alberta, this week.

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BJ's Wholesale profit up; stock falls on forecast
Posted on Aug 20, 2008 - 12:33 pm - Reuters
Reuters - BJ's Wholesale Club Inc reported higher-than-expected quarterly earnings, but its shares fell nearly 7 percent as the retailer gave a disappointing forecast, signaling business could be tough in the fourth quarter that includes the crucial holiday season.

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BJ's Wholesale profit up, raises full-year view
Posted on Aug 20, 2008 - 7:31 am - Reuters
Reuters - BJ's Wholesale Club Inc said on Wednesday quarterly profit rose as shoppers headed to its stores in search of low prices on food and fuel, and the No. 3 U.S. warehouse club operator raised its full-year profit forecast.

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BAA must sell 3 airports
Posted on Aug 20, 2008 - 4:31 am - Reuters
Reuters - Spanish builder Ferrovial must sell three of the seven British airports it bought for 10 billion pounds ($18 billion) two years ago under a tougher-than-expected ruling on Wednesday.

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BAA told to sell two London airports
Posted on Aug 20, 2008 - 3:31 am - Reuters
Reuters - Airports operator BAA, owned by Spain's Ferrovial , received a tougher-than-expected ruling from Britain's competition regulator on Wednesday, which said it should sell two of its three London airports because of problems created by its near monopoly.

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BHP Billiton posts record year profit
Posted on Aug 18, 2008 - 3:21 am - Reuters
Reuters - Top miner BHP Billiton , bidding for rival Rio Tinto in what would be the world's second-biggest takeover, posted a 12.4 percent rise in full-year net profit to a record $15.4 billion, as Chinese demand stoked a commodities boom.

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Barnes & Noble unlikely to bid for Borders: report
Posted on Aug 14, 2008 - 4:02 am - Reuters
Reuters - Barnes & Noble Inc, the largest U.S. specialty bookseller, is unlikely to make a bid for rival Borders Group Inc, The Wall Street Journal said, citing people familiar with the situation.

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Barnes & Nobles unlikely to bid for Borders: report
Posted on Aug 14, 2008 - 3:02 am - Reuters
Reuters - Barnes & Noble Inc isn't expected to make a bid for Borders Group Inc , The Wall Street Journal said citing people familiar with the situation.

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BP shuts Georgia oil, gas pipelines as a precaution
Posted on Aug 12, 2008 - 8:54 am - Reuters
Reuters - BP has closed two oil and gas pipelines running from its Caspian Sea fields through Georgia but neither has been damaged by recent fighting in the country, a spokesman for the British oil major said on Tuesday.

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Branson warns U.S. presidential candidates on BA/AA
Posted on Aug 10, 2008 - 12:45 pm - Reuters
Reuters - Virgin Atlantic owner Sir Richard Branson on Sunday wrote to U.S. presidential candidates Barack Obama and John McCain warning that a link-up between British Airways and American Airlines would be anti-competitive.

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Berkshire Hathaway 2nd-quarter profit falls 8 pct
Posted on Aug 08, 2008 - 5:35 pm - Reuters
Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N)(BRKb.N) said on Friday second-quarter profit fell 8 percent, hurt by weaker results from insurance underwriting.

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Boeing, Airbus face delays on parts shortages: report
Posted on Aug 08, 2008 - 5:33 am - Reuters
Reuters - Boeing Co and Airbus are facing a slowdown on their older model assembly lines because of a shortage of basic components such as seats, toilets and galleys, the Wall Street Journal reported Friday.

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Banks renew plea for expanded short sale rule
Posted on Aug 07, 2008 - 5:31 pm - Reuters
Reuters - A banking group has renewed its plea to the Securities and Exchange Commission to broaden a rule aimed at curbing abusive short selling and market manipulation.

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Bank of America gets subpoenas, reports SEC probe
Posted on Aug 07, 2008 - 4:31 pm - Reuters
Reuters - Bank of America Corp , the largest U.S. retail bank, said on Thursday that it has received subpoenas and requests for information from federal and state government agencies over auction-rate securities.

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Blackstone posts loss, financing still difficult
Posted on Aug 06, 2008 - 1:27 pm - Reuters
Reuters - Blackstone Group LP posted a second-quarter loss as tight credit markets curtailed buyouts, but the private equity firm said the choppy economic environment offered some investment opportunities.

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Blackstone profit lower, financing still difficult
Posted on Aug 06, 2008 - 11:26 am - Reuters
Reuters - Blackstone Group LP , the private equity company, reported lower quarterly profit on Wednesday, but still topped estimates, and said it sees increasing investment opportunities despite volatile markets.

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Blackstone profit lower, but sees opportunities
Posted on Aug 06, 2008 - 8:26 am - Reuters
Reuters - Private equity company Blackstone Group LP reported lower second-quarter profit on Wednesday but said it was seeing investment opportunities amid volatile markets.

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Bear Stearns' Cayne was near death in September: report
Posted on Aug 04, 2008 - 1:16 am - Reuters
Reuters - Former Bear Stearns Chief Executive James Cayne came close to dying last September from sepsis triggered by a severe prostate infection, Fortune Magazine reports on Monday on its website.

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Bill Gates could buy 20 pct of Republic Services
Posted on Aug 01, 2008 - 7:07 pm - Reuters
Reuters - Bill Gates' investment firm may exercise its right to buy up to 20 percent of trash hauler Republic Services Inc's stock, according to a filing on Friday with the U.S. Securities and Exchange Commission.

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BA profit collapses on dire trading environment
Posted on Aug 01, 2008 - 4:03 am - Reuters
Reuters - British Airways' profit collapsed in the first quarter as high oil prices, an economic slowdown and weak consumer confidence combined in what the airline called the worst trading conditions it had ever experienced.

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