PRESS DIGEST - Washington Post Business - Feb 2
WASHINGTON, Feb 1 (Reuters) - The Washington Post included the following items on the front page of its business section on Saturday. Reuters has not verified these stories and does not vouch for their accuracy.
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WASHINGTON - Yahoo (YHOO.O) and Microsoft (MSFT.O) would still be the underdog in the increasingly important business of Web search if Microsoft's unsolicited $44.6 billion bid to buy Yahoo is approved by regulators and Yahoo shareholders.
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WASHINGTON - Microsoft's bid for Yahoo could provide more choice for big online advertisers living in a Google-centric universe but could hurt small- and mid-sized Internet publishers by taking away one of their options for selling ads on their Web sites.
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WASHINGTON - Buoyed by soaring crude oil prices, Exxon Mobil (XOM.N) announced yesterday that it set new records for U.S. quarterly and annual corporate profits in 2007, and Chevron (CVX.N), the nation's second-largest oil company, also reported big gains in earnings.
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WASHINGTON - When the Consumer Product Safety Commission returns to work on Monday, it will not have the authority to adopt safety rules, order mandatory recalls of dangerous products, or impose civil penalties on companies that do not report product hazards immediately.
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WASHINGTON - The Defense Department's major weapons programs have suffered cost overruns in the billions of dollars, years-long delays and quality shortfalls because of poor acquisition practices by the department, according to a report released yesterday by the Government Accountability Office.
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WASHINGTON - A century ago, Coleman made its name selling lanterns to farmers and shop owners who lived outside of the electrical grid. In the 1950s, Coleman became synonymous with rugged gear for campers and outdoor enthusiasts. Now, the company has set its sights on a new breed of adventurer with special needs of its own: the tailgater.
