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Today's Business Headlines from MSNBC.com
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Business
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Dow Chemical reports wider loss
Dow Chemical Co., the No. 1 U.S. chemical maker, on Thursday reported a much bigger
fourth-quarter loss, as soaring energy costs overran increased sales volumes and it
recorded $828 million in asbestos-related charges.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866295.asp
Gillette fourth-quarter profit rises
Gillette Co., maker of razor blades and Duracell batteries, said Thursday that
fourth-quarter profit rose as foreign exchange rates boosted reported sales.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866305.asp
AOL reports net loss
AOL Time Warner Inc. Wednesday posted a fourth-quarter net loss after taking a $45.5
billion noncash charge for the decline in the value of its embattled America Online
business and other assets.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866051.asp
Janus profit falls as funds plunge
Newly reorganized Janus Capital Group Inc., one of the largest U.S. mutual fund
companies, said on Thursday its fourth-quarter profit fell as its stock funds and
assets under management were slammed by the market downturn.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866294.asp
AstraZeneca beats forecasts, warns
AstraZeneca Plc reported better than expected 2002 results on Thursday but warned
earnings would fall in 2003 as it feels the full impact of generic competition to its
once top-selling ulcer drug Prilosec.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866296.asp
Ted Turner resigning from AOL
AOL Time Warner Inc., the world's largest media company, on Wednesday said Ted Turner
intends to step down as vice chairman of the company.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/866084.asp
Fed leaves interest rates unchanged
With the economy stumbling and possibility of war looming, the Federal Reserve Tuesday
left short-term interest rates and monetary policy unchanged Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/865042.asp
Oil prices near $34 a barrel
Oil prices shot up another 3 percent on Wednesday, with a big drop in U.S. winter
heating fuel stocks deepening oil supply worries as the White House prepares for
possible war with Iraq.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/865320.asp
Bush urges tax cuts to aid economy
President Bush faced a daunting task Tuesday as he sought to reassure Americans on the
economy while urging Congress to pass his new tax-cutting plan.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/865508.asp
7-Eleven pioneer dead at 77
John Thompson, the man who turned 7-Eleven Inc. from a regional convenience store
chain into a global powerhouse, has died of brain cancer at age 77, the company said
on Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/865992.asp
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