Sprint Nextel, Eli Lilly, E-Trade, Goodyear, Tenet Healthcare are among big market moversSeptember 14th, 2009 Sprint Nextel, Eli Lilly, E-Trade big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Sprint Nextel Corp., up 38 cents at $4.15
A U.K. newspaper reported that Germany's Deutsche Telekom is weighing a takeover bid for the U.S.
Appeals court upholds law requiring groups to disclose members that contribute to lobbyingSeptember 8th, 2009 Appeals court upholds lobbying disclosure lawWASHINGTON — A federal appeals court on Tuesday upheld a 2007 law that requires trade associations to disclose their members who contribute to lobbying activities. The National Association of Manufacturers said the law, which requires that the organization release the names of members that contribute more than $5,000 in a quarterly period for lobbying activities, violates their members' rights to privacy and freedom of association.
Philippine economy avoids recession in 2Q as mining, construction, gov't spending spur growthAugust 27th, 2009 Philippine economy expands after 1Q contractionMANILA, Philippines — The Philippine economy expanded 2.4 percent in the second quarter, skirting recession as construction and mining combined with government and private spending spurred growth, officials said Thursday. The second-quarter recovery means the Philippines has "effectively avoided the recession" that had threatened the economy when it contracted a revised 2.1 percent in the first quarter from the previous quarter, said Romulo Virola, head of the National Statistics Coordination Board.
UPS chief says company not spending too much on lobbying federal governmentJuly 23rd, 2009 On the call: UPS CEO Scott DavisCorporations spend a lot of money lobbying Congress and federal agencies on everything from labor issues to government regulations. UPS, also known as United Parcel Service, is no exception.
Eli Lilly 2nd-quarter profit rises 21 percent, drugmaker increases full-year earnings guidanceJuly 22nd, 2009 Eli Lilly 2Q profit rises 21 percentINDIANAPOLIS — Eli Lilly & Co. said Wednesday its second-quarter profit rose 21 percent as stronger drug sales helped blunt the impact of unfavorable foreign currency exchange rates.
Earnings roundup: PepsiCo 2Q profit, sales drop; Eli Lilly earnings climb 21 percentJuly 22nd, 2009 Earnings roundup: PepsiCo, Eli LillyAmong the earnings stories for Wednesday, July 22, from AP Financial News:
MILWAUKEE (AP) — Soft-drinks and snack maker PepsiCo's second-quarter profit and sales dropped slightly as consumers continued limiting their purchases of soft drinks but bought more snacks as the company promoted larger bags of chips. INDIANAPOLIS (AP) — Eli Lilly and Co.'s second-quarter profit rose 21 percent but the drugmaker's share price lagged Wednesday, as investors wait to learn more about how the company will handle a daunting revenue hole that looms a few years away.
Drug industry, Pfizer lead health sector in lobbying spending in year's second quarterJuly 21st, 2009 Drug industry, Pfizer lead in health lobbyingWASHINGTON — The drug industry's trade group and one of the nation's biggest pharmaceutical companies reported spending more money than other health care organizations on lobbying in the second quarter of this year. With the fight over President Barack Obama's effort to revamp the nation's health care system escalating, the Pharmaceutical Research and Manufacturers of America said it spent $6.2 million lobbying in April, May and June, according to reports to Congress that were due Monday.
CEO outlook index up from record low; about half see more job losses, low sales, less spendingJune 23rd, 2009 CEO outlook index up from record low, still weakNEW YORK — An index measuring the expectations of 95 CEOs from among the nation's largest companies showed an improved outlook from last quarter's record low, but many still expect declines in sales, jobs and capital spending. The Business Roundtable said Tuesday its CEO outlook index rose to 18.5 in June from -5 in March, the lowest level since the survey began in 2002.
Energy companies send some of enormous profits to Washington, ramping up lobbying effortsJune 18th, 2009 Oil industry cranks up lobbying effortHOUSTON — Oil and gas companies have accelerated their spending on lobbying faster than any other industry, training their gusher of profits on Washington to fight new taxes on drilling and slow efforts to move the nation off fossil fuels. The industry spent $44.5 million lobbying Congress and federal agencies in the first three months of this year, on pace to shatter last year's record.
A look at how much major industries increased spending on lobbying in the past few yearsJune 18th, 2009 Many industries are spending more on lobbyingHere's the rate at which major industries increased spending on lobbying in Washington between 2006 and 2008:
— Oil & Gas: 73 percent
— Air Transport: 59 percent
— Electric Utilities: 43 percent
— Pharmaceuticals/Health Products: 29 percent
— Business Associations: 24 percent
— Misc. Manufacturing & Distributing: 21 percent
— Education: 17 percent
— Hospitals/Nursing Homes: 16 percent
— Insurance: 14 percent
— Computers/Internet: 4 percent
Source: Center for Responsive Politics, disclosure filings with U.S.
Bankrupt General Motors fires its outside lobbyists, will keep its own DC lobbying officeJune 4th, 2009 Bankrupt GM fires its outside lobbyistsWASHINGTON — General Motors says it has terminated contracts with the dozen lobbying firms it has used to help make its case in the capital. The now-bankrupt company has long been one of the biggest spenders in Washington on lobbying, reporting expenditures of $2.8 million for the first three months of this year.
Lockheed Martin boosted lobbying spending as big programs face threatsMay 12th, 2009 Lockheed ramped up lobbying in 1QWASHINGTON — Lockheed Martin Corp. significantly increased the amount of money it spent lobbying Congress and the Pentagon during the first quarter as it fought to stave off proposed cuts to some of its major weapons programs.
Ted Lilly strikes out 10 in 8 innings as Chicago Cubs beat Florida Marlins 6-1May 2nd, 2009 Lilly strikes out 10 as Cubs beat MarlinsCHICAGO — Ted Lilly struck out 10 in eight strong innings and hit a two-run double, powering the Chicago Cubs to a 6-1 victory over the Florida Marlins on Saturday. Ryan Theriot homered for the second consecutive day and Derrek Lee added a solo shot for the Cubs, who won their second straight after losing seven of nine.
Top bailed-out firms spent more than $9 million lobbying in Q1 while getting federal moneyApril 22nd, 2009 Top bailed-out firms have money for lobbyingWASHINGTON — The top 10 recipients of the government's $700 billion financial bailout spent about $9.5 million on federal lobbying during the first three months of the year. The biggest spender was bailed-out automaker General Motors Corp., which devoted $2.8 million to lobbying in the first quarter of 2009.
Top bailed-out firms spent more than $9 million lobbying in Q1 while getting federal moneyApril 21st, 2009 Top bailed-out firms continue lobbyingWASHINGTON — The top 10 recipients of the government's $700 billion financial bailout spent about $9.5 million on federal lobbying during the first three months of the year. The biggest spender was bailed-out automaker General Motors Corp., which devoted $2.8 million to lobbying in the first quarter of 2009.
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