19 Apr 2005 08:23 AM

The Moscow Arbitration Court put a freeze on all Yukos’ assets, main shares and bank accounts after a lawsuit was filed by its former unit Yuganskneftegaz, Interfax said Tuesday. At the moment Yuganskneftegaz belongs to Rosneft. Rosneft

19 Apr 2005 08:09 AM

Merrill Lynch, the world’s biggest securities firm, reported on Tuesday that its first-quarter profit fell 3% due to higher expenses. Profit fell to $1.21 billion, or $1.21 a share, from $1.25 billion, or $1.22, in the previous year. Analysts were expecting $1.18 a share.

19 Apr 2005 08:03 AM

Pfizer Inc., the world’s largest drugmaker, reported today that its first-quarter profit fell 87% on weak sales. Profit fell to $301 million, or 4 cents a share, from $2.33 billion, or 30 cents, last year.Excluding expenses, profit

19 Apr 2005 07:49 AM

Coca-Cola Co., the world’s largest soft-drink maker, reported on Tuesday that its first-quarter profit fell 11%. Profit fell to $1 billion, or 42 cents a share, from $1.13 billion, or 46 cents, last year. Excluding one-time items, Coca-Cola earned $1.12 billion, or 47 cents a share. Analysts were expecting 43 cents a share.

19 Apr 2005 07:01 AM

LG Electronics Inc. reported on Tuesday that its first-quarter profit tumbled 86% due to the rise of the won against the dollar.

19 Apr 2005 05:41 AM

Texas Instruments, the world’s largest maker of chips for cellphones, reported that its first-quarter profit rose 12% on costs saving programes

18 Apr 2005 12:01 PM

Adobe Systems, the creator of Acrobat and the ubiquitous portable document format, PDF, said it would buy Macromedia Inc. for $3.4 billion in stock to expand on the market of video, documents and other media computer distribution.

18 Apr 2005 08:25 AM

The redundant workers of the collapsed British carmaker MG Rover will receive help from the money given by the British government. A task force will meet to discuss possible aid to the workers of the bankrupt carmaking company that left about

18 Apr 2005 08:23 AM

3M Co. Reported today that its first- quarter profit rose 12%. Profit rose to $809 million, or $1.03 a share, from $722 million, or 90 cents, in the previous year. Sales

18 Apr 2005 07:50 AM

Eli Lilly & Co. reported on Monday that its first-quarter profit rallied 84% on higher sales and lower expenses. Profit rose to $736.6 million, or 68 cents a share, from $400.4 million, or 37 cents, in the previous year. Revenue

15 Apr 2005 12:25 PM

The event will take place May 18-19, 2005, National Trade Centre at Exhibition Place, Toronto, Canada http://wirelessandmobile.wowgao.com

15 Apr 2005 10:09 AM

UK last major carmaker MG Rover Group said its Chinese partner declined to renew talks over the possible merger that could help the bankrupt UK company survive

15 Apr 2005 08:46 AM

Early on Apr. 13, about 50 of Siebel Systems’ top shareholders gathered to address the company’s top management urging to do something with its $2.2 billion cash stores. But Siebel side-tracked their attention by announcing the removal of its chief executive.

15 Apr 2005 08:16 AM

The agreement was signed Friday between Norman Mineta and India’s civil aviation minister Praful Patel. Under the new agreement, airlines from both countries are allowed to operate desired number of flights in each country.

15 Apr 2005 08:01 AM

China’s refusal to dispatch a delegation of top officials to a G-7 meeting due in Washington this weekend has revived speculation about the timing of a projected yuan revaluation. At the moment yuan is pegged to the US currency at the rate of 8.277 yuan to the dollar, with a trading band of a 0.3%, although the actual range is much tighter. The US has for a long time been pressing for the revaluation, implying that China has been depressing its currency value artificially so as to boost exports.