Bloomberg News
Honeywell’s CEO earned $27.7M in ’06
Honeywell International Inc., the world’s biggest maker of airplane controls, paid CEO David Cote $27.7 million in 2006 as profit and sales climbed.
Cote’s...
NYSE to boost computer server capacity 60%
The New York Stock Exchange, stung by a recent computer slowdown that forced some floor brokers to complete trades by hand, plans to increase...
Crime ring used Schwab, TD Ameritrade in fraud
An Eastern European crime ring netted at least $733,000 in illegal profit using trading accounts at TD Ameritrade Holding Corp. and six other firms,...
Insulation maker reports $9M loss after Ch. 11
Owens Corning Inc., the insulation maker that emerged from bankruptcy in October, has posted a $9 million loss from continuing operations for the fourth...
’60s rock Web site sues 2 record companies
Warner Music Group Corp. and Sony BMG Music Entertainment are being sued by a rock-music archive that accuses the record companies of conspiring to...
SEC fines Symantec’s Veritas $30M in accounting case
The U.S. Securities and Exchange Commission has fined Symantec Corp.'s Veritas Software subsidiary $30 million for accounting fraud, ending a case that divided Republicans...
Verizon seeking $197M from Vonage in lawsuit
A Verizon Communications Inc. lawyer told a federal jury in Virginia last week that Vonage Holdings Corp. infringed five patents covering Internet telephone services...
Storms, cold hurt stores
This month may be the coldest February in the United States in 28 years, and it's dampened consumer spending, according to a report by...
Holiday discounts boost Wal-Mart profits in 4Q
Wal-Mart Stores Inc., the world's largest retailer, said last week that its fourth-quarter profit rose 9.8 percent, exceeding analysts' estimates, as discounts on toys...
Microsoft settles Iowa consumer antitrust lawsuit
Microsoft Corp., the world's biggest software maker, has settled a case claiming it used its monopoly position to overcharge Iowa consumers for software products...
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