Company news - CNNMoney.com

Genomes 'R' Us
Thu, 28 Aug 2008 07:26:58 -0400
It took the Human Genome Project $3 billion and 13 years to map the first genome and reduce it to a chemical code six billion letters long. Today, with faster computers and improved techniques, a research laboratory can sequence your DNA in about six weeks at a cost of $100,000 to $300,000.
What the problem bank list isn't telling us
Thu, 28 Aug 2008 13:01:19 -0400
The government's latest assessment of the nation's financial system showed that many more small banks are in trouble. But what the report didn't say may speak volumes.
Sears' profits 62% lower than year ago
Thu, 28 Aug 2008 07:31:58 -0400
Sears Holdings Corp. said second-quarter profit fell 62% as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring. The company also said that it expects that its sales and gross profit margins will continue to be pressured as it sees no near-term improvement in the economy.
Toyota lowers 2009 sales forecast
Thu, 28 Aug 2008 08:33:48 -0400
Read full story for latest details.
Bad news for NutriSystem
Thu, 28 Aug 2008 07:18:48 -0400
Can NutriSystem still produce fat profits if cautious consumers stop spending money to slim down? Last year we recommended the stock of NutriSystem, which was No. 1 on Fortune's 2007 list of 100 Fastest-Growing Companies. But the weakening economy and the pullback in personal spending have hurt the company, which sells diet programs based on its prepackaged meals. The stock is down 64% since we cited it a year ago. (Ouch!)
Boeing to send final proposal to union
Thu, 28 Aug 2008 13:35:20 -0400
Read full story for latest details.

BBC News | Business | World Edition

US GDP rebounds with 3.3% growth
Thu, 28 Aug 2008 14:50:50 -0000
The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.
EU concern over phone bill trend
Thu, 28 Aug 2008 14:59:32 -0000
Some mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.
China's CNPC seals $3bn Iraq deal
Thu, 28 Aug 2008 11:02:02 -0000
China's state-oil firm CNPC has agreed a $3bn (£1.63bn) oil services contract for Iraq, the first by a non-US firm.

NYT > World Business

Toyota Cuts Sales Goal
Thu, 28 Aug 2008 16:40:17 -0000
Citing high fuel costs and a slowdown in the United States and Europe, the automaker said it now expects to sell 9.7 million cars and trucks in 2009, 700,000 fewer than its previous forecast.
Chinese Officials Accused of Embezzlement
Thu, 28 Aug 2008 16:30:46 -0000
A report from China’s top auditor says that ten central government departments “misused or embezzled” more than $660 million last year.
As Food Prices Soar, Brazil and Argentina React in Opposite Ways
Thu, 28 Aug 2008 16:31:38 -0000
In Brazil, the government is encouraging farmers to produce more for export while prices are high. But Argentina is focused on encouraging farmers to sell more at home.

 

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