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- Japanese stocks reviving
TOKYO – After more than a decade of decline, Japanese stocks are finally staging a comeback.
- Insurers tally their Katrina losses
NEW YORK – Hurricane Katrina is likely to result in at least $34.4 billion in personal and commercial property loss claims, according to the first publicly released survey of the nation's insurers.
- Business Objects acquiring S.D. software firm
Privately held San Diego software company Infommersion is being acquired by Business Objects for $40 million.
- BUSINESS BRIEFING
NTN trims management jobs
NTN Communications, a distributor of interactive trivia games and restaurant services, has eliminated a half dozen top management positions in a move to lower its operating costs and consolidate operations through fewer senior managers.
- On the move
- U.S. factory orders rebound big in August
WASHINGTON – Orders to U.S. factories posted the best increase in three months in August as the manufacturing sector showed strength in the face of surging energy prices.
- Lexmark shares plummet
LEXINGTON, Ky. – Shares of Lexmark International Inc. plunged almost 30 percent yesterday after the printer maker cut its third-quarter profit estimate by more than half because of declining sales.
- Crude oil prices dip below $64 a barrel
Crude oil prices slid more than $1 a barrel yesterday in a sign that market jitters have eased with the summer driving season over and the winter heating season yet to begin, analysts said.
- Chesapeake Energy to expand output
CHARLESTON, W.Va. – After agreeing to pay $2.2 billion in cash for Columbia Natural Resources, Chesapeake Energy Corp. officials said yesterday that they plan an aggressive expansion of Appalachian natural gas production.
- Georgia-Pacific to restructure, cut 1,000 jobs
ATLANTA – Georgia-Pacific Corp., maker of Brawny paper towels and a variety of other paper and lumber products, said yesterday it is cutting more than 1,000 jobs in a broad restructuring that aims to save $100 million a year.
- BP says storms to hurt earnings
LONDON – BP Group said yesterday that damage and disruption caused by hurricanes in the United States would cost the energy company more than $700 million in the third quarter.
- For the record
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