Business - Page 24

Reuters - Goldman Sachs Group , the world's largest investment bank, plans to start doing mutual fund business in India, the Business Standard news paper reported on Sunday, without disclosing the source. More Info...  

Reuters - The FCC is expected to slap U.S. Hispanic network Univision with a record $24 million fine that will allow the broadcaster to proceed with a $12 billion private equity buyout, the New York Times reported on Saturday. More Info...  

Business Reuters - A Delaware Chancery Court judge said on Friday that Caremark Rx Inc. must delay a shareholder vote until the pharmacy benefit manager provides more details on its planned acquisition by CVS Corp. More Info...  

Reuters - KB Home, the No. 5 U.S. home builder, said on Friday the Justice Department was looking into past stock options practices at KB, but added the agency said KB Home was not a target of the investigation. More Info...  

Reuters - Media group Tribune Co.'s special committee will meet again on Saturday to evaluate alternatives that could split up the company or take it private, a source familiar with the situation said on Friday. More Info...  

AP - Profit at Lowe's Cos. fell 11.5 percent in the fourth quarter but beat analysts' expectations, and investors Friday rewarded the home improvement retailer. Wall Street sent shares of the nation's second-largest home improvement chain higher. In fact, some analysts made bets Friday that Lowe's might have borne the worst of a slowdown from the slumping housing sector.

Reuters - Federal Reserve policy-makers on Friday indicated they are still wary about the potential upside risks to inflation despite signs that price pressures may be abating.

Reuters - Chrysler Group plans to cut 1,000 salaried jobs by the end of June, the first action under a previously announced turnaround plan that targets a total of 13,000 job cuts, the automaker said on Friday.

AP - Taxpayers have already received almost $87 billion in income tax refunds this year, but many are neglecting to ask for a modest refund from a now defunct telephone tax. More Info...  

AFP - The British economy has grown by 2.7 percent in 2006, in line with an initial estimate given last month.

Reuters - Australian retailer Coles Group Ltd. put itself up for sale on Friday after receiving a number of takeover approaches, saying it believed it was worth more than A$18.2 billion ($14.3 billion).

Reuters - H&R Block Inc. , the largest U.S. income tax preparer, reported a quarterly net loss on Thursday, weighed down by the subprime mortgage unit it has put up for sale, but revenue from its tax and banking businesses rose sharply.

Business

Reuters - A U.S. federal jury found that Microsoft Corp. infringed audio patents held by Alcatel-Lucent and should pay $1.52 billion in damages, the No. 1 software maker said on Thursday.

AP - The number of laid-off workers filing for unemployment benefits dropped sharply last week after having been driven higher the previous week by storm-related layoffs. More Info...  

Reuters - U.S. blue-chip stocks declined on Thursday as a jump in oil prices added to worries about inflation, but a rally in chip makers' stocks helped the Nasdaq advance late in the session to end at a six-year high.

Reuters - A Birmingham judge refused on Thursday to send a former HealthSouth Corp. chief financial officer to jail for his part in a massive accounting scandal, even after a U.S. Court of Appeals ordered a resentencing. More Info...  

Reuters - Dell Inc. said on Thursday it is experimenting with new ways to sell computers, a first step that analysts say is needed if Dell wants to better compete with Hewlett-Packard Co. and Apple Inc. .

AP - Abercrombie & Fitch Co. said Wednesday that its fourth-quarter earnings jumped 20 percent, powered by strong sales as the teen retailer continues to expand its Hollister line of stores that cater to teens with surfer-inspired looks.

Investor's Business Daily - Manage the company well and its stock price will follow is the way Richard Weiss picks the holdings of $1.14 billion Wells Fargo Advantage Common Stock Fund (NASDAQ:STCSX - News). More Info...  

AP - Consumer prices increased at a faster pace than expected in January while a gauge of future economic activity posted a tiny increase, raising concerns about inflation and future growth.