updated Tue November 06, 2007

Fired Wal-Mart Exec Opts Not to Refile Suit, Admits Wrong Allegation

A former Wal-Mart Stores Inc. ad executive says she won't refile a breach-of-contract lawsuit against the company. She also acknowledged that allegations of ethical breaches she made in her original suit, which...

updated Tue November 06, 2007

Zoran Corp.'s Shares Fall After Downgrade on Valuation, Forecast for Weak Holiday Spending

NEW YORK (AP) -- Shares of Zoran Corp. fell Monday morning after an analyst downgraded shares of the chip maker, saying its current stock price accurately reflects its value.Merriman Curhan Ford & Co. analy...

updated Tue November 06, 2007

Stocks Pull Back As Citigroup Write-Downs Stir Concerns About Widespread Credit Problems

NEW YORK (AP) -- Stocks fell but regained some ground Monday as a stronger-than-expected reading on the service economy mitigated concerns about soured debt that sprang from news of more Citigroup Inc. write-do...

updated Tue November 06, 2007

H&R Block CFO William Trubeck Resigns, Becky Shulman to Take Over As Acting CFO

KANSAS CITY, Mo. (AP) -- H&R Block Inc. said Monday Chief Financial Officer William Trubeck resigned his post effective immediately and will be replaced by Becky Shulman, the tax preparation company's curre...

updated Tue November 06, 2007

Scientific Games Subsidiary Gets 3-Year Pact From Oneida Tribe of Indians of Wisconsin

NEW YORK (AP) -- Scientific Games Corp., which supplies services to lotteries, said Monday its Autotote Enterprises Inc. subsidiary received a three-year contract from the Oneida Tribe of Indians of Wisconsin t...

updated Tue November 06, 2007

NYSE Euronext October Trading Volumes Rise Sharply in Europe and US

NEW YORK (AP) -- NYSE Euronext Inc. said Monday that its October transaction volumes rose at both the New York Stock Exchange and its European derivatives exchange Euronext.The exchanges operator said last mont...

updated Tue November 06, 2007

Voltaire Posts Larger 3rd-Quarter Loss but Revenue Rises on High Demand for Switching Products

NEW YORK (AP) -- Voltaire Ltd., an Israeli developer of server and storage switching products, said Monday its third-quarter loss widened, but revenue jumped, helped by sales of its switching products.Net loss ...

updated Tue November 06, 2007

Voltaire Expects 4th-Quarter, Yearly Revenue Above Analyst Expectations

NEW YORK (AP) -- Voltaire Ltd., an Israeli developer of server and storage switching products, said Monday high demand for its switching products has lead to higher backlog in the fourth quarter and offered rev...

updated Tue November 06, 2007

Chipotle to No Longer Serve Cheese Made From Cows Treated With RBGH Growth Hormone

DENVER (AP) -- Burrito chain Chipotle Mexican Grill Inc. said Monday it will no longer serve cheese made with milk from cows treated with growth hormone rBGH.The synthetic hormone, which stimulates milk product...

updated Tue November 06, 2007

Nation's Service Sector Grew at Faster-Than-Expected Rate in October, Survey Shows

NEW YORK (AP) -- The U.S. services sector grew at a faster-than-expected rate in October boosted by strength in new orders, a private research group said Monday.The Institute for Supply Management's index gaugi...

updated Tue November 06, 2007

Chimera Investment Plans Initial Public Offering of 33.3 Million Shares, to Raise $469 Million

NEW YORK (AP) -- Newly formed specialty finance company Chimera Investment Corp. said Monday it plans to raise about $469 million in an initial public offering of 33.3 million shares, according to a filing with...

updated Tue November 06, 2007

Thor Industries 3rd-Qtr Sales Rise 5 Percent, Above Expectations, As Backlog Posts a Record

JACKSON CENTER, Ohio (AP) -- Thor Industries Inc.'s sales rose 5 percent in its fiscal third quarter as it posted a record order backlog, the recreation vehicle and bus maker said Monday.Thor's third-quarter sa...

updated Tue November 06, 2007

Outlook Roundup: Mentor Graphics Lowers 3Q Guidance, Ameren to Reaffirm 2007 Profit Outlook

Among the earnings projection stories for Monday, Nov. 5, from AP Financial News:WILSONVILLE, Ore. (AP) -- Mentor Graphics Corp. lowered its third-quarter outlook Monday due to "unique circumstances" that set l...

updated Tue November 06, 2007

Barry Diller's IAC to Spin Off HSN, Ticketmaster, Interval and LendingTree Units

NEW YORK (AP) -- IAC/InterActiveCorp, the Internet conglomerate run by media mogul Barry Diller, said Monday it will break itself into five publicly-traded businesses.The announcement drove IAC's shares up more...

updated Tue November 06, 2007

Earnings Roundup: Burger King Earnings Rise on Promotions, Orbotech 3Q Profit Sinks 97 Percent

Among the earnings stories for Monday, Nov. 5, from AP Financial News:Top stories:MIAMI (AP) -- Burger King Holdings Inc. said Monday its fiscal first-quarter earnings rose 23 percent as marketing promotions wi...

updated Tue November 06, 2007

Earnings Roundup: Entergy 3Q Profit Jumps, Cardinal Health Earnings Up on Medical Unit Sales

Among the earnings stories for Monday, Nov. 5, from AP Financial News:Top stories:NEW ORLEANS (AP) -- Entergy Corp. said Monday its third-quarter profit jumped 19 percent, and the energy company announced it pl...

updated Tue November 06, 2007

Edwards Lifesciences Buying Ethicon Heart Valve Surgery Products for $27 Million

IRVINE, Calif. (AP) -- Heart valve maker Edwards Lifesciences Corp. said Monday it will buy heart valve surgery systems from Ethicon Inc.'s CardioVations division for about $27 million.The products will include...

updated Tue November 06, 2007

Boston Scientific Sells Heart and Vascular Surgery Units for $750M Amid Broader Cost Cutting

NATICK, Mass. (AP) -- Boston Scientific Corp. said Monday it will sell its cardiac and vascular surgery businesses to Sweden-based Gettinge Group for $750 million.Boston Scientific acquired the cardiac surgery ...

updated Tue November 06, 2007

EADS Shares Sink on Warning That Military Jet Delays Could Cost $2 Billion

PARIS (AP) -- Shares in Airbus parent EADS plunged after the company announced more bad news on Monday, warning that a six-month delay in the delivery of its A400M military transport aircraft will cost as much ...

updated Tue November 06, 2007

Vertex Pharma Drops As Analysts Downgrade on Competition Concerns for Hepatitis C Drug

NEW YORK (AP) -- Shares of Vertex Pharmaceuticals Inc. fell to a 52-week low Monday after analysts downgraded the stock due to competitive concerns about the company's hepatitis C drug candidate telaprevir. The...