26 Apr 2005 09:05 AM

DuPont Co., the No. 2 U.S. chemicals maker, reported today its first-quarter results. Profit rose to $967 million, or 96 cents per share, from $668 million, or 66 cents a share, last year. Analysts

26 Apr 2005 08:59 AM

Lockheed Martin, the No. 1 U.S. defense contractor, reported on Tuesday that its first-quarter profit rose 27% due to strong sales at its electronic systems and space systems units.

26 Apr 2005 08:52 AM

Qwest International’s sustaining fight for MCI with its rival Verizon Communications seems to be not far from the successful end. On Apr. 21, Qwest Communications increased its "best and final" bid for MCI by 9%, to $30 a share, totalling $9.7bn in its latest effort to overrun Verizon.

26 Apr 2005 08:51 AM

Yesterday, Valero Energy, the largest independent refiner in the United States, announced its intention to acquire its small rival Premcor. The move can bring huge profits at a time when oil prices are at the record high and make Valero the most competitive refiner in the US, going beyond the country’s leader Exxon Mobil.

26 Apr 2005 08:48 AM

Air Canada will buy Boeing’s 32 wide-body airplanes in a deal that can give the Chicago-based aerospace giant more chances to regain the leadership in the industry. According to list prices, the initial order would total to nearly $6 billion to Boeing. Boeing

26 Apr 2005 08:45 AM

The biggest software maker over the globe Microsoft Corp. named Monday its new chief financial officer who will replace John Connors.

26 Apr 2005 08:44 AM

Allied Domecq, French wine and spirits group, was warned by its shareholders that they may sell their shares in the company if it continues negotiations with Pernod Ricard. Pernod Ricard is bidding Allied offering £7.4 billion for the wine maker. Some Allied’s shareholders consider the

25 Apr 2005 12:54 PM

The YUKOS case is one of those cases that will long evoke new developments after Russia’s President Vladimir Putin started puzzling Western leaders.

25 Apr 2005 10:02 AM

General Electric Co. is said to start talks on selling its self-storage business for around $2.5 billion to a Prudential Financial Co. unit and Extra Space Storage Inc.

25 Apr 2005 10:01 AM

European Union Trade Commissioner Peter Mandelson will consider limiting imports of nine categories of Chinese textiles to protect producers in Europe.

25 Apr 2005 09:58 AM

Qwest International’s sustaining fight for MCI with its rival Verizon Communications seems to be not far from the successful end.

25 Apr 2005 09:55 AM

DaimlerChrysler AG’s 45% stake in debis AirFinance may be sold to Cerberus Capital Management LP. The value of the deal was not disclosed. On Sunday, DaimlerChrysler confirmed that the company is in the process of completing the deal with Cerberus

25 Apr 2005 09:53 AM

Valero Energy Corp. is expected to have 3.3 million barrels of crude oil per day in a deal that will make the company the biggest crude-oil refiner in North America. The company agreed to buy refiner Premcor for about $8 billion in an attempt to get the first place in refinery for

25 Apr 2005 09:48 AM

Private equity firm Hellman & Friedman agreed to buy advertising technology and data company DoubleClick for $1.1 billion, DoubleClick announced Monday. "This transaction provides great value to our stockholders and underscores the strength of our industry leading position and DoubleClick’s business model," DoubleClick chief executive Kevin Ryan said in a statement

22 Apr 2005 11:54 AM

Berkshire Hathaway Inc., Warren Buffett’s brewing company has acquired a stake in Anheuser-Busch Cos. Inc., US biggest brewer. Neither company has disclosed the number of shares purchased, or the value of the deal. Acquisitions by GEICO, a Berkshire subsidiary, range between $200 million to $300 million.