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Republican development models
How not to argue for drilling THERE is a reasonable case to be made for a limited amount of new oil drilling in America. Economically, the best case is that the oil is very valuable, but the reserves are small enough that prices won't come down in response to the additional supply. Drilling could therefore produce profits and additional tax revenues without leading to a large increase in bad consumer behaviour. The best political case for drilling is that some members of Congress desperately want it, which makes drilling a valuable political chit to be cashed in by those seeking a more balanced energy approach.A bad reason for new drilling is that it will reduce our dependence on foreign oil. That's a bad reason because it
Home Depot's 2Q profits drops 24 percent (AP)
AP - The Home Depot Inc., the nation's largest home improvement retailer, is reporting a 24 percent drop in second-quarter profits but beat expectations. The company is reiterating its downbeat outlook for the year as it struggles with a weak home market. 
Pacific Brands expect flat sales for 08
Clothes manufacturer Pacific Brands has reported a ten per cent rise in annual profit but expects flat to negative sales for the remainder of 2008.
Perpetual year profit falls 29%
Perpetual Ltd has reported a 29 per cent fall in annual profit after weathering significant volatility in global credit and equity markets.
General Dynamics Targets Jet Aviation
The defense contractor plans to add the business-aviation-services company to its aircraft division.
08/19/08
Business news about Acquisition
General Dynamics Branches Out
The defense contractor acquires Jet Aviation, citing high hopes for aviatian service providers.
08/19/08
Business news about Acquisition
AGL upbeat on outlook
AGL Energy posts a 44.2% fall in its annual reported profit, but maintains its guidance for underlying earnings.
Hutchison narrows first half loss
Hutchison Telecommunications (Australia) Ltd has narrowed its first half loss as after the mobile service provider stole market share from its bigger rivals.
Royal Ordnance future secured by £2billion MoD deal
The Ministry of Defence (MoD) has agreed a £2billion contract to secure the future of Royal Ordnance in a deal that could lead to a sale of the historic ammunition factories.
A Tax Revolt Is Quietly Brewing
While Americans are focusing on the presidential race, voters in Massachusetts and other states will decide the fate of dozens of state and local tax and spending issues. Here are a few of the most high-profile tax battles.
Minimum Stays Are Revived
Get ready for a wave of airline rules requiring you to stay at your destination a minimum number of days or over a Saturday night -- if you want the cheapest tickets. The move...
Parking fee foes taking fight to...
When Wake County high school students go back to school this year, they'll have to pay more money to park. Those opposing the fee increase will take their fight to the school...
US cellphone sales down 13% in spring
A report today from The NPD Group reveals that 2008's spring quarter saw cellular phone sales in the US drop to 28 million units, or 13 percent less than the same time period in...
EA Declines To Extend Take-Two Bid...
NewsFactor - The Electronic Arts, Take-Two Interactive Software acquisition drama continues as the mammoth video-game publisher said it won't extend a Monday deadline for its $2...
08/18/08
Business news about Acquisition
Housing Downturn Hits Home Depot
Home Depot posted a 24% decline in quarterly net income amid continued pressure in the housing and home-improvement markets, but the retailer kept its full-year outlook...
Medtronic 1Q profit jumps spine,...
AP - Medtronic says its fiscal first-quarter profit rose 11 percent on strong double-digit growth in its spinal and cardiovascular businesses.
Apple tops satisfaction scores with Vista help
The American Customer Satisfaction Index on Tuesday gave Apple its highest-ever score for pleasing customers of its Macs, giving the firm a record 85 points in the ACSI annual report based on reactions from users to both their opinions on computer quality as well as support after the sale. The award is Apple's fifth consecutive nod in as many year...
Reliance Eyes Cellphone Game Makers
India's Reliance ADA is hunting for U.S. acquisitions in the mobile-content market, seeking to extend its U.S. foothold beyond movies.
For Obama, Taxes Are About Fairness
Great if he can help the poor, but simply robbing the rich will do.
Bolivia sees anti-Morales strikes
Strikes are under way in five Bolivian provinces against President Evo Morales's plans to redistribute gas revenues.
Market Report: Shares catch a chill...
The health – or lack of it – of the American banking system provided an ominous backdrop to trading in London, as worries grew that there could be more bad news from...
Trina's Lukewarm Quarter
Solar company sees strong sales but earnings pale as rising costs squeeze its industry.
Superior to cut 29% of U.S....
Automotive wheel maker Superior Industries International Inc. said today it plans to trim 29 percent of its U.S. workforce and shut a Kansas plant due to lower sales of pickups...
ThinkSmart expands into Italy
Perth-based computer and office equipment financier, ThinkSmart Ltd, will now distribute through 16 Italian outlets.
Retailers Sell to Teens in Virtual...
With back-to-school sales off to a slow start, more old-line retailers and clothing labels are reaching out to kids online, enticing them to try virtual versions of their togs...
Saks reports wider 2Q loss, shares...
AP - Luxury goods retailer Saks Inc. reported a wider-than-expected loss for the second quarter on Tuesday and delivered a downbeat forecast for the year as its affluent...