Business - Page 37

Reuters - OPEC members are consulting one another on whether to hold an emergency meeting to discuss a 15 percent price drop since the start of the year, Algerian Energy and Mines Minister Chakib Khelil said on Saturday.

Reuters - The euro's strength against the dollar will make it harder to sell Europe-made cars like the Opel Astra profitably in the United States, a newspaper quoted the CEO of General Motors Corp. as saying. More Info...  

AP - Consumers snapped up flat screen televisions and the latest electronic gadgets at a frenzied pace in December, helping retailers close out 2006 with better-than-expected sales. More Info...  

AFP - The dollar rose to near seven-week highs against the euro following a better-than-expected report on US retail sales, but failed to hold its gains amid a bout of profit-taking, traders said.

Reuters - The Dolan family raised its bid for Cablevision Systems Corp. by $1.1 billion on Friday, saying it was the "best and final offer," but the company's shares fell as investors were unimpressed by the bid.

Reuters - U.S. stocks may rally next week if the early stages of the earnings season yield positive results and U.S. data shows price pressures are moderating enough to keep interest rates steady.

Business

Reuters - BP Plc Chief Executive John Browne will step down at the end of July, 17 months earlier than planned, the oil giant said on Friday, ending months of uncertainty about future leadership of the company.

Reuters - BP Plc Chief Executive John Browne will step down at the end of July, 17 months earlier than planned, the oil giant said on Friday, ending months of uncertainty about future leadership of the company.

Reuters - Shares of Advanced Micro Devices fell more than 10 percent on Friday after the computer chip maker forecast quarterly revenue below market expectations amid a price battle with larger rival Intel Corp..

Reuters - German luxury carmaker BMW said on Friday it sold 51.3 percent more cars in mainland China in 2006 compared with a year earlier. More Info...  

Reuters - Advanced Micro Devices Inc. , one of the two biggest makers of microprocessors used in personal computers, on Thursday warned that fourth quarter revenue would fall well short of analysts' estimates, citing lower average prices for its chips. More Info...  

Business

Reuters - Samsung Electronics Co. Ltd. (005930.KS) reported an 8.5 percent drop in its quarterly net profit on Friday, hurt by lackluster shipments of flash memory chips and falling prices of flat screens.

AP - Assets of the nation's retail money market mutual funds rose by $3.78 billion in the latest week to $977.25 billion, the Investment Company Institute said Thursday. More Info...  

AP - The number of newly laid off workers filing claims for unemployment benefits fell sharply last week to the lowest level in nearly six months.

Reuters - U.S. stocks mounted a broad advance on Thursday as investors snapped up technology shares such as Microsoft Corp. and optimism about the economy boosted industrial stocks, pushing the Dow to a record close.

Reuters - Oil prices slumped below $52 a barrel on Thursday for the first time since May 2005, extending a decline to 15 percent since the start of the year on fund selling and weak demand for heating fuel.

Reuters - Home Depot Inc. investors on Wednesday asked a Georgia state court to issue an injunction blocking the retailer from paying former Chief Executive Robert Nardelli a $210-million severance package. More Info...  

Reuters - Cisco Systems Inc. on Wednesday sued Apple Inc. over its use of the iPhone trademark, a day after Apple shook up the cell phone market by unveiling its sleek mobile phone using the name claimed by Cisco.

Reuters - Online auctioneer eBay Inc. has agreed to buy sports ticket reseller StubHub for $310 million in cash, the companies said on Wednesday, confirming an earlier report the deal was imminent.

Investor's Business Daily - Socially responsible investing, or SRI, funds had grown to 9.4% of the $24.4 trillion invested in mutual funds in the U.S. by 2005, according to the Social Investment Forum, an industry group in Washington. More Info...