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- Cisco positives power techs
NEW YORK – Technology stocks rose yesterday as Cisco Systems' profit and outlook reinforced optimism over earnings, while blue chips ended little changed as an oil price drop weighed on energy shares.
- Wal-Mart, unions join forces
WASHINGTON – Executives from Wal-Mart and three other large U.S. employers joined union leaders yesterday in calling for “quality, affordable” health care for every American by 2012.
- Tesco to hire 2,500 for U.S. markets
Tesco, Britain's biggest supermarket chain, said yesterday it will hire more than 2,500 workers later this year when it opens its first U.S. stores. Tesco said the stores in California, Nevada and Arizona will be named Fresh & Easy Neighborhood Markets.
- Apple, record labels spar over piracy technology
LOS ANGELES – Apple Chief Executive Steve Jobs challenged major record labels to strip copying restrictions from music sold online, but their trade group fired back yesterday, suggesting the company should open its anti-piracy technology to rivals instead.
- BUSINESS BRIEFS
AMS asks to pay bonuses to 117
San Diego-based book distributor Advanced Marketing Services is asking a bankruptcy court to let it pay retention bonuses to 117 employees at Publishers Group West, a subsidiary the company plans to sell in coming months.
- On the move
- EARNINGS ROUNDUP
Disney's 1st quarter soars past projections
The Walt Disney Co. blew past Wall Street expectations yesterday, reporting strong first-quarter earnings on gains from the sale of its shares in US Weekly magazine and the E! Entertainment channel.
- Nortel sees savings in cutting 2,900 jobs
TORONTO – Canadian telecom equipment maker Nortel Networks Corp. said yesterday it plans to cut 2,900 jobs, or about 8.5 percent of its work force, over the next two years in an effort to cut costs.
- For the record
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