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Sector Wrap: Online advertising

November 30, 2006, 4:06PM EST
Shares of online advertising companies gained for the third straight session on the Nasdaq Thursday, as ValueClick Inc. joined the Standard & Poor's MidCap 400 after the market closed.

EDS, Fonterra extend contract

November 30, 2006, 4:04PM EST
Fonterra Cooperative Group, a New Zealand-based dairy exporter, and information technology management service provider Electronic Data Systems Corp. on Thursday signed a four-year extension to a global IT outsourcing contract originally valued at $380 million.

VeraSun begins building Minnesota plant

November 30, 2006, 4:04PM EST
VeraSun Energy Corp., the nation's second-largest ethanol producer, said Thursday it started construction on an ethanol plant near Welcome, Minn.

Students get cars, iPods for attendance

November 30, 2006, 3:59PM EST
Sixteen-year-old Kaytie Christopherson was getting ready to do her homework on a Friday when she got a call that made a big improvement in her life: She had won a brand-new pickup truck for near-perfect school attendance.

Insurers told to stop contingent payouts

November 30, 2006, 3:55PM EST
The attorneys general for three states have told four major insurance companies that they must end special commissions to agents and brokers as agreed in an earlier settlement.

Interstate wants end to shareholder suit

November 30, 2006, 3:55PM EST
Interstate Bakeries Corp., maker of Twinkies and Wonder Bread, has asked a bankruptcy judge to reinstate board members whose terms have expired and stop its largest shareholder from forcing it to call a meeting to select new ones.

TVA: Limit land sales on Tennessee River

November 30, 2006, 3:49PM EST
The Tennessee Valley Authority on Thursday approved a policy to stop selling protected shoreline along the Tennessee River system for residential and commercial development.

Hospital cos. weighed down by bad debt

November 30, 2006, 3:48PM EST
Lagging Medicare reimbursements and lingering bad debt have dragged down shares of hospital operators over the past year, and the trend is likely to persist.

EU unveils new immigration plans

November 30, 2006, 3:45PM EST
The EU's immigration chief on Thursday announced plans to attract skilled African labor while boosting efforts on the EU's southern borders to keep illegal, poor migrants out.

Genzyme: single-dose Synvisc promising

November 30, 2006, 3:40PM EST
Biotech drug maker Genzyme Corp. said Thursday said early results in a clinical study show that a single-dose regimen of its Synvisc osteoarthritis treatment significantly relieved pain in trial participants.

Discount chain sales results

November 30, 2006, 3:25PM EST
Summary of monthly sales results for discount category store chains, with percentage increase or decrease over the same month last year.

London mayor wants Nasdaq-LSE bid probed

November 30, 2006, 3:22PM EST
London Mayor Ken Livingstone said Thursday he has asked British competition authorities whether the Nasdaq Stock Market Inc.'s bid to take over the London Stock Exchange is legal.

Department chain sales results

November 30, 2006, 3:20PM EST
Summary of month sales results for department category store chains, with percentage increase or decrease over the same month last year.

Retailers tap holiday giving spirit

November 30, 2006, 3:18PM EST
Walk into any Gap clothing store this holiday season and expect to see red T-shirts, red hats and red bracelets.

Office Depot shares drop on analyst note

November 30, 2006, 3:16PM EST
Shares of office supplies retailer Office Depot Inc. dropped Thursday after a JP Morgan Securities analyst said the stock has jumped "ahead of itself" after six quarters of strong earnings.

Coinstar, pro bowlers ink licensing deal

November 30, 2006, 3:13PM EST
Coinstar Inc., a provider of coin-counting, electronic payment and entertainment services, on Thursday said it reached a licensing agreement with the Professional Bowlers Association.

Fired exec drops suit against Wal-Mart

November 30, 2006, 3:09PM EST
Fired Wal-Mart executive Jared Bowen has quietly dropped a state lawsuit that claimed the world's largest retailer defamed him when it accused him of helping his former boss defraud the company.

MortgageIT shareholders approve takeover

November 30, 2006, 3:07PM EST
MortgageIT Holdings Inc. said Thursday its shareholders approved the residential mortgage banker's acquisition by Deutsche Bank for about $429 million in cash.

Prosecutor pursues backdating violators

November 30, 2006, 3:02PM EST
The federal prosecutor overseeing Silicon Valley said Thursday the way a company responds to stock option backdating allegations is crucial to whether or not it will be indicted.

Christopher & Banks slides

November 30, 2006, 3:02PM EST
Shares of women's apparel retailer Christopher & Banks Corp. slid in Thursday afternoon trading after November same-store sales, or sales at stores open at least one year, fell 8 percent and missed Wall Street's forecast.

 
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