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Coors Shareholders Approve Molson Merger Feb 1, 2005 8:50 am US/Pacific. Adolph Coors Co. shareholders overwhelmingly approved a merger with Canada?s Molson Inc. on Tuesday, one of the last steps in a $3.4 billion deal that will combine two family-run breweries hoping to keep up with the race for new international markets.More...
Manufacturing Activity Expands In January Feb 1, 2005 8:32 am US/Pacific. The manufacturing sector grew for the 20th consecutive month in January, though at a moderated pace, a private research group reported Tuesday, affirming the rebound in activity at the nations' factories. More...
Bush Wants To Give IRS Bigger Bite Feb 1, 2005 8:31 am US/Pacific. President Bush wants to give the Internal Revenue Service an extra $500 million to pursue tax evaders and increase collections. If Congress approves the request, the money would be used for audits, collections and investigations. More...
MetLife To Buy Travelers From Citigroup Jan 31, 2005 6:17 pm US/Pacific. The insurance giant MetLife Inc. is buying Travelers Life & Annuity Co. for at least $11.5 billion from Citigroup Inc., the nation's largest financial institution. More...
Kaiser To Stop Dispensing Bextra Jan 31, 2005 1:38 pm US/Pacific. Kaiser Permanente, the nation's largest not-for-profit managed-care provider, has told its pharmacies to stop filling prescriptions for Bextra until tests show whether the painkiller is safe.More...
United Crews Agree To More Paycuts Jan 31, 2005 1:20 pm US/Pacific. A bankruptcy judge approved United Airlines' deal Monday imposing short-term wage and benefit cuts on the company's mechanics' union, which rejected the latest contract last week. Earlier Monday, United flight attendants and pilots ratified new contracts with the ailing company. Video: Jim Tilmon reports.More...
Despite Cuts, US Airways Loss Widens Jan 31, 2005 10:09 am US/Pacific. US Airways Group Inc.?s fourth-quarter loss widened despite cost cuts and traffic gains, hurt by fuel prices and dwindling revenue.More...
Record Rise In Incomes Jan 31, 2005 8:25 am US/Pacific. Personal income, boosted by a large dividend payment from computer software giant Microsoft Corp., shot up by a record 3.7 percent in December. That helped to boost consumer spending during the all-important holiday season by 0.8 percent.More...
SBC To Acquire AT&T For $16 Billion Jan 31, 2005 3:53 am US/Pacific. SBC Communications Inc. has agreed to buy former parent AT&T Corp. for $16 billion, creating the nation's largest communications company and ending the independent run of a firm whose roots stretch back to the telephone's invention.More...
OPEC Warns Oil Prices Will Stay High Jan 30, 2005 10:57 am US/Pacific. OPEC warned Sunday that oil prices, already hovering near $50 a barrel, would remain high through the spring, even as the cartel decided to keep its production ceiling at 27 million barrels a day. More...
Reports: Joint Offer For Adelphia? Jan 29, 2005 3:40 pm US/Pacific. Comcast and Time Warner are expected to make a joint offer by Monday to buy bankrupt cable operator Adelphia Communications Corp., according to published reports.More...
Feds Cut Interest Rates Nov 6, 2002 10:24 am US/Pacific. The Federal Reserve, worried about the sputtering economy, cut a key interest rate by a half point on Wednesday, marking its first rate reduction this year.More...
Boeing Introduces The 787 Jan 29, 2005 12:22 pm US/Pacific. The Boeing Co. officially renamed the 7E7 Dreamliner the "787," the next model designation in the series, the aerospace giant said Friday. More...
Lockheed Wins Presidential Copter Contract Jan 29, 2005 4:46 am US/Pacific. Lockheed Martin Corp. is celebrating its victory in a fierce competition to build the new fleet of presidential helicopters. The Navy announced Friday that the $6.1 billion contract for 23 high-tech, high-security aircraft would go to Lockheed and its international partners.More...
United Airlines Deals With More Contract Troubles Jan 28, 2005 1:20 pm US/Pacific. United Airlines is dealing with another setback while trying to recover from bankruptcy. Friday its mechanics rejected a tentative contract agreement that would have cut their pay by 5%.More...
