Business News From USA Today

MedImmune exec gets 15 months for insider trading

01/14/2005

A former executive at the biotech company MedImmune (MEDI) was sentenced to 15 months in prison Friday for illegally profiting from his advance knowledge of the company's business deals.

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FDA advisers oppose over-the-counter cholesterol drug

01/14/2005

Federal health advisers recommended against over-the-counter sales of a cholesterol drug, saying that patients need medical guidance in treating a condition that has no symptoms and requires drugs for life to stay healthy.

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NASD fines analyst $75,000 for rumor-mongering

01/14/2005

The National Association of Securities Dealers fined a securities analyst $75,000 for circulating "a false and sensational rumor" about RF Micro Devices, first time the regulator has disciplined an analyst for rumor-mongering.

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Southwest to add cities in code share

01/14/2005

Giant discounter Southwest Airlines will begin serving 11 new cities next month, including New York LaGuardia and Washington's Reagan National. Southwest announced the new service Thursday as one of the first outgrowths of its recent deal with faltering discounter ATA.

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EBay increases fees, angering small-biz owners

01/14/2005

Some small business owners who reach most of their customers via eBay expressed anger at the online auction giant's plan to boost the monthly fee it charges sellers by 60%. Its shares lost nearly 4%.

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Boeing to end production of its 717 passenger jet next year

01/14/2005

Chicago-based Boeing will end production of the 717 jet, its smallest passenger plane, sometime next year, company representatives said.

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Reports hurt sales of some drugs

01/14/2005

New prescriptions declined for a handful of drugs hit with safety concerns in recent months, according to data from two research firms. The drop for Celebrex, Bextra and Crestor underscore how quickly sales of even established drugs can be hurt by negative publicity about their safety.

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Business News from MSNBC

Social Security, solvency and political spin

01/14/2005

Social Security is years away from anything that honestly could be described as a financial crisis. But that has not stopped President Bush from trying to whip up enthusiasm for his proposed personal retirement accounts by warning of an imminent disaster.

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Oracle to cut 5,000 jobs in PeopleSoft takeover

01/14/2005

Oracle Corp. will fire 5,000 workers in the financial fallout from the business software maker’s recently completed $10.3 billion takeover of rival PeopleSoft Inc.

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Inflation news gives Wall Street a boost

01/14/2005

Investors welcomed a lower-than-expected drop in wholesale prices and sent stock indices higher Friday, ending a mildly negative week on Wall Street on a positive note.

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Auto show sizzlers and snoozers

01/14/2005

From exotic concept cars to everyday pickup trucks, BusinessWeek's Detroit duo trades picks and pans from this Motown extravaganza.

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Answer Desk: Ready for a risky investment?

01/14/2005

Up in Alaska, biker-turned-investor Gail is looking to try some high-risk investing — even if it means "going for broke"— but she's not sure where to get started. Down in Kentucky, Casey wants some help weighing the pros and cons of an "interest-only" mortgage.

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May Dept. Stores CEO quits

01/14/2005

May Department Stores Co. on Friday said its chairman and chief executive officer has resigned.

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Boeing to end production of its 717 jet

01/14/2005

Boeing Co. will end production of the 717 jet, its smallest passenger plane, sometime next year, company representatives said.

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Hewlett-Packard combines printing, PC units

01/14/2005

Hewlett Packard Co. reported Friday that it is combining its printer and personal computer groups to accelerate growth and strengthen its market position.

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Business News from Smart Money

Farmer's Market

01/14/2005

Shares of Farmer Bros. climbed 28% this week following the death of the coffee roaster's CEO.

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Fear of Flying

01/14/2005

What do the struggles of US Airways mean for future travelers and frequent fliers? We asked the experts.

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You Say You Want a Revolution?

01/14/2005

Investing Social Security money in stocks would transform the notion of saving and light a bonfire under equities markets.

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TIPS Are Greatly Appreciated

01/14/2005

Inflation is deadly for most bonds -- but not for Treasury inflation-protected securities. Here are our favorite TIPS funds.

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Pace of Wage Hikes to Pick Up in 2005

01/14/2005

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Market Finds Band-Aid

01/14/2005

Stocks bounced back, aided by a rare drop in producer prices. Industrial production jumped. Boeing set $615 million in one-time charges. Sun Micro slid after reporting another sales decline. GM's outlook didn't thrill.

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Non-Lethal Weapon

01/13/2005

Shares of Taser rebounded 22% Thursday after studies supported the safety of the company's stun guns.

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Most Popular Money News from CNN

True Blue and Yahoo! too.

01/14/2005

NEW YORK (CNN/Money) - At first blush, you wouldn't think that IBM and Yahoo! have much in common.

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Myths, half-truths and exaggerations

01/14/2005

NEW YORK (CNN/Money) - The Social Security debate is shaping up to be quite a noisy battle of idealogues, politicians, pundits and PR specialists.

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Strong end to mixed week

01/14/2005

Stocks rallied Friday, near the end of a tough week for the market, as investors took comfort in reports showing a rise in industrial production and a drop in a key inflation measure.

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eBay fee changes spark revolt

01/14/2005

Read full story for latest details.

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How to impress lenders

01/14/2005

NEW YORK (MONEY Magazine) - Evan Hendricks wants to arm you with knowledge. His exhaustive Credit Scores and Credit Reports is a new, plain-English guide to what consumers need to know about this arcane topic, a strange universe filled with pitfalls and fine print that makes the tax code read like Dr. Seuss.

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