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News about casino business GE realigns businesses, affirms forecast NEW YORK (Reuters) - General Electric Co. (GE.N: Quote , Profile , Research ) on Thursday said it is streamlining its businesses to six operating units from 11 in a move to cut costs, and it affirmed its second-quarter and full-year profit forecast. The conglomerate, whose businesses range from health care to aerospace and television, also named three vice chairman in the realignment. "...
Business Inventories Up 0.5 Pct in Feb WASHINGTON (Reuters) - U.S. business inventories rose 0.5 percent in February, matching analyst expectations, while sales posted their largest drop in nearly two years, government data showed on Thursday. The Commerce Department said stocks at manufacturers, retailers and merchant wholesalers grew for a fifth consecutive month to a seasonally adjusted $1.288 trillion. Business sales fell 0...
Wireless Business Pushes Verizon Earnings WASHINGTON (Reuters) - Verizon Communications Inc. (VZ.N: Quote , Profile , Research ) , the largest U.S. telecommunications company, reported a 47 percent jump in first-quarter earnings on Wednesday from strong sales of wireless services. Verizon, which has been battling Qwest Communications International Inc. (Q.N: Quote ...
Inflation Up, Business Conditions Improve By Kristin Roberts WASHINGTON (Reuters) - U.S. inflation rose strongly in January while business conditions in the Midwest and New York City improved, according to data released Monday that bolstered expectations of U.S. interest rate hikes. Separately, new home sales tumbled last month as housing began to show signs of weakness after serving as a critical support to the U.S. economic expansion over the past year. The Commerce Depart...
Summer concerts: croak to croon?Summer concerts: From croak to croon? After a lousy 2004, concert promoters have reason to think this year will be different. April 7, 2005: 3:22 PM EDT By Krysten Crawford, CNN/Money staff writer NEW YORK (CNN/Money) - After striking a low note last year, the concert business is poised to sing. For the live-music industry, "last yea...
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