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Friday, July 04, 2008 
SECTOR NEWS
Computers/Telco
Consumer Goods
Energy
Finance/Real Estate
Food/Bev
Healthcare
Kindred Sues Ventas Over Document Requests
Kindred Healthcare Inc. is suing former sister company Ventas Inc. in an effort to stop Ventas from acquiring copies of rental appraisals of properties that Kindred rents from Ventas.
Cerner Posts Sharply Higher 1Q Profit
Cerner Corp., a maker of healthcare-management systems, on Thursday said higher revenue from new business orders helped its profit nearly double last quarter.
Internet
Amazon's Google Problem
Google's new online payment-processing system is expected to threaten eBay. It also might hurt Amazon.com (AMZN:Nasdaq - news - Cramer's Take).
Red Hat Down As JBoss Seen Slowing Growth
Red Hat Inc. shares tumbled in Thursday trading after the company reported first-quarter earnings that fell short of analysts' expectations, and the company cautioned analysts that benefits from a recent acquisition may be slower in coming than previously expected.
Google Launches Payment Service
Search giant Google has launched an online payments system which aims to compete with auction giant eBay.
Manufacturing
Amazon's Google Problem
Google's new online payment-processing system is expected to threaten eBay. It also might hurt Amazon.com (AMZN:Nasdaq - news - Cramer's Take).
Red Hat Down As JBoss Seen Slowing Growth
Red Hat Inc. shares tumbled in Thursday trading after the company reported first-quarter earnings that fell short of analysts' expectations, and the company cautioned analysts that benefits from a recent acquisition may be slower in coming than previously expected.
Google Launches Payment Service
Search giant Google has launched an online payments system which aims to compete with auction giant eBay.
Natural Resources
Amazon's Google Problem
Google's new online payment-processing system is expected to threaten eBay. It also might hurt Amazon.com (AMZN:Nasdaq - news - Cramer's Take).
Red Hat Down As JBoss Seen Slowing Growth
Red Hat Inc. shares tumbled in Thursday trading after the company reported first-quarter earnings that fell short of analysts' expectations, and the company cautioned analysts that benefits from a recent acquisition may be slower in coming than previously expected.
Google Launches Payment Service
Search giant Google has launched an online payments system which aims to compete with auction giant eBay.
Services
Computer Sciences Slumps On Nixed Sale Plans
Shares of Computer Sciences plunged on Friday after the company announced it was no longer pursuing a sale of the company, and would instead buy up to $2 billion of its stock.
Paper Backs Off Verizon, BellSouth Story
USA Today reported Friday that lawmakers confirmed the existence of the National Security Agency's program of collecting phone records, but the paper said it could not verify whether telecom firms Verizon and BellSouth provided phone records to the government agency.
Cendant Has Deal For Travelport
Cendant, the travel-services and real estate firm that's remaking itself, reached a deal to sell its Travelport division to an affiliate of Blackstone Group.
Transportation
Student Transportation To Raise C$60 Mln, Payouts
Student Transportation of America Ltd. plans to raise about C$60 million in a bought-deal offering of its income-participating securities and raise distributions afterward, the company said on Wednesday.
New Flyer Industries, Union Halt Contract Talks
Contract talks between New Flyer Industries Inc. and striking unionized workers at a Winnipeg plant have been called off after only one day.
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