Sunday, February 19, 2006

Housing Starts Soared in January

Housing Starts Soared in January: "Housing starts surged 14.5% last month from December as unusually mild weather trumped signs of a weakening market."

Daimler Net Soars 84%

Daimler Net Soars 84%: "DaimlerChrysler's net rose 84%, helped by its financing arm, but its Chrysler and Mercedes units posted weak results. (Conference call transcript)"

Dell's Profit Climbs 52%

Dell's Profit Climbs 52%: "Dell's net climbed 52%, reflecting growth in sales and services outside the U.S. and underscoring the resiliency of the computer maker's direct-sales strategy."

RadioShack's Net Drops 62%

RadioShack's Net Drops 62%: "RadioShack plans to close 400 to 700 stores amid weak results, particularly in wireless. CEO Edmondson apologized for discrepancies in his resume."

Stocks Settle Down After 3-Day Run

Stocks Settle Down After 3-Day Run: "The Dow industrials fell 5.36 points to 11115.32, as a down day capped a strong week that saw stocks shoot higher despite rising prospects for more rate increases by the Federal Reserve."

Merck Wins Vioxx Decision

Merck Wins Vioxx Decision: "Merck was cleared by a federal jury of responsibility in the death of a man who had a heart attack after taking Vioxx. (Merck's statement)"