Business - Page 4

Reuters - Wal-Mart Stores Inc. said on Friday that it has found no evidence that a fired systems technician secretly listened to its board or that the retailer conducted surveillance on shareholders who submitted proposals for its upcoming shareholders meeting.

Reuters - Pet food tainted with the chemical melamine was found in feed rations on a California hog farm and may show up on other U.S. farms, state and federal officials said on Friday. More Info...  

Reuters - Ticketmaster is suing eBay Inc. in Los Angeles, accusing the Internet auction company's subsidiary StubHub of fraudulently obtaining premium tickets to sell online.

Business

Reuters - U.S. stocks jumped on Friday, with the Dow closing at a record high after coming within 35 points of 13,000, as Google Inc. and Caterpillar Inc. joined the list of companies reporting stronger-than-expected quarterly results.

Reuters - AnywhereCD, a two-week-old online music retailer, filed a lawsuit against Warner Music Group on Friday, alleging breach of contract, business defamation and trade libel.

Reuters - The fate of World Bank President Paul Wolfowitz will be determined next week when a bank committee reports on whether a promotion he approved for his girlfriend was properly handled, sources said on Friday.

FT.com - The pound bursting through $2. Inflation at 10-year highs. Interest rates heading upwards. There was plenty to damp sentiment in the UK stock market this week. Yet the FTSE 100 actually ended higher than it started. More Info...  

AP - Treasury bond prices were fell Friday morning, as stocks surged and the Dow Jones Industrial Average hit a record high. More Info...  

Business

Reuters - Joseph Nacchio, former CEO of Qwest Communications International Inc. , was found guilty on Thursday of 19 counts of insider trading, capping the last major trial in a spate of scandals that tarnished Corporate America over the last decade.

Reuters - U.S. sales of video games, devices and accessories rose 33 percent to $1.1 billion in March, propelled by sales of new video game consoles like the popular Wii from Nintendo Co. Ltd.(7974.OS), market research firm NPD said on Thursday.

Reuters - Google Inc. reported on Thursday a 69 percent rise in quarterly net profit, easily beating expectations, helped by market share gains and a lower tax rate, sending its stock up 3 percent.

Reuters - American Express Co. said on Thursday that quarterly profit rose 21 percent, as the fourth-largest U.S. credit card company cut marketing costs.

Investor's Business Daily - Americans invented the mutual fund. U.S. investors have embraced them. More Info...  

Reuters - A chemical linked to a huge U.S. pet food recall has been found in another ingredient used to make products for dogs and cats, U.S health officials and an agricultural company said on Thursday.

Reuters - Gap Inc. on Thursday named Gary Muto, a 19-year veteran at the apparel retailer, as president of Gap Adult and GapBody, the latest senior executive change at the company intended to help reinvigorate merchandise to better appeal to consumers. More Info...  

FT.com - US stocks pared sharp early losses to stand flat by midday on Thursday as a raft of solid earnings updates helped investors shrug off concerns about the Chinese economy. More Info...  

Business

Reuters - Online auction leader eBay Inc. reported on Wednesday quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts' predictions.

Reuters - Two buyout firms raised their bid for Clear Channel Communications Inc. to $19.5 billion on Wednesday in an eleventh-hour push to get shareholder approval, although it was unclear whether the new price would persuade enough investors to support the deal.

Reuters - Hewlett-Packard Co. maintained its lead over Dell Inc. in the global personal-computer market in the first quarter, market researcher IDC said on Wednesday. More Info...  

AP - Right now, while the pain of filing your income taxes for 2006 is still fresh, grab that Form 1040 and take a good hard look at it to find ways of making things easier on yourself next year.