Shareholder backlash expected at Yahoo meeting
SHAREHOLDER FURY: Although Yahoo Inc. made peace with dissident investor Carl Icahn, other shareholders are expected to attack management Friday at the Internet company’s annual meeting. PAYBACK: A significant number of shareholders are likely to oppose the…
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Shareholder backlash expected at Yahoo meeting
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Bill Cosby urges people to empower themselves
Bill Cosby urged people in Baltimore to empower themselves and nurture their children, but during his visit Thursday he avoided the scolding tone that has drawn criticism from some black leaders. Cosby urged parents to keep their children close. “Your…
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Report says power lines sparked two 2007 wildfires
Preliminary reports released Thursday by state fire officials say Southern California Edison electrical lines sparked two small wildfires last fall during periods of high winds. The documents, released by the California Department of Forestry and Fire…
Original post: Report says power lines sparked two 2007 wildfires
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GM investors brace for brutal Q2 results
DETROIT (Reuters) - General Motors Corp investors expect the No. 1 U.S. automaker to post a steep second-quarter loss on Friday, reflecting the pressure from a deepening downturn in the U.S. auto industry.
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Man sentenced to 1 year in Va. Tech threat case
A Florida man who had a large arsenal of weapons will spend about eight months in federal prison for threatening on the Internet to stage a Virginia Tech-style massacre. U.S. District Judge Alan Gold sentenced Calin Chi Wong to a year in prison Thursday but…
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Room tax plan filed
Major Nevada casinos and a teachers union filed a petition Thursday with the secretary of state in efforts to raise hundreds of millions of dollars for public schools through a hotel room tax increase in the Reno and Las Vegas areas. The Committee for the…
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No showdown, just outcry, seen at Yahoo meeting
SAN FRANCISCO (Reuters) - Yahoo’s annual investor meeting on Friday will be a magnet for discontent over the company’s failure to reach a merger deal with Microsoft and complaints about the company’s past performance.
Credit:No showdown, just outcry, seen at Yahoo meeting
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Biogen Idec, Elan report 2 cases of brain disease
Shares of Biogen Idec Inc. and Elan Corp. PLC plunged after-hours Thursday after the companies reported two new cases of a brain disease in patients treated with their multiple sclerosis drug Tysabri. The companies disclosed the cases of progressive…
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Oil company profits soar, but Exxon disappoints
LONDON/NEW YORK (Reuters) - Exxon Mobil Corp broke its own record for the highest-ever quarterly profit for a U.S. company on Thursday, but it was lower than Wall Street expected largely due to lost output from Venezuela and Nigeria and lower yields from some oil fields.
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CBS reports slim profit growth in 2Q
CBS Corp.’s second-quarter earnings rose 1 percent, narrowly beating analyst estimates, as gains from selling an interest in the Sundance Channel offset declines in local television and radio advertising revenue. The New York-based media company said the weak…
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Small jet crashes in Minn., killing at least 8
A small jet crashed in strong thunderstorms Thursday while preparing to land at a regional airport in Minnesota, killing at least eight people, including several casino and construction executives. Sheriff Gary Ringhofer said there were at most nine people…
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Analysis: Congress’ tank hits empty on energy help
In a summer of nationwide anguish over fuel costs, Congress’ attack on soaring gasoline prices has been full of high-octane rhetoric and low-energy results. Both parties instead have fought bitterly for weeks over who can make the best political points for…
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Stocks Slump on Economic Worries
Jobless claims jumped, and the U.S. economy grew 1.9% last quarter. Exxon Mobil’s record-breaking profit still disappointed investors
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Phoenix lander confirms ice in Martian soil
The Phoenix spacecraft has tasted Martian water for the first time, scientists reported Thursday. By melting icy soil in one of its lab instruments, the robot confirmed the presence of frozen water lurking below the Martian permafrost. Until now, evidence of…
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Top corporate quarterly earnings of all time
Exxon Mobil Corp. said Thursday it earned $11.68 billion in the second quarter. Following are the top ten quarterly earnings of all time. 1. Exxon Mobil Corp: 2008, 2Q $11.68 billion 2. Exxon Mobil Corp: 2007, 4Q $11.66 billion 3. Exxon Mobil Corp: 2008, 1Q $…
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