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Music industry slump accelerated in 2005 (Reuters via Yahoo! News) - It all seemed so promising for the music business heading into 2005. CD sales were up, albeit ever so slightly, for the first time in four years. Legitimate purchases of downloads and ringtones for the first time totaled in hundreds of millions of dollars. And file traders and peer-to-peer network operators were on the run from industry lawsuits. The seeds of recorded-music's recovery from
Correction: Switzerland-Airline-Industry (AP via Yahoo! News) - In a Dec. 14 story about the world airline industry, The Associated Press erroneously reported the industry's probable net loss this year as a result of high fuel prices, interest payments, restructuring and other costs. The correct figure is $6 billion, not $4.68 billion, according to the International Air Transport Association.
Correction: Switzerland-Airline-Industry (AP via Yahoo! Finance) - In a Dec. 14 story about the world airline industry, The Associated Press erroneously reported the industry's probable net loss this year as a result of high fuel prices, interest payments, restructuring and other costs.
Cattle industry pleased with Japan's decision on U.S. beef (AG Weekly) - BILLINGS, Mont. -- Cattle industry officials welcomed Japan's decision Monday to resume limited beef shipments from the United States nearly two years after a case of bovine spongiform encephalopathy in this country halted the lucrative trade.
German Chemicals Industry Association VCI Predicts Slowdown after Impressive 2005 Results (ChemPoint) - BELLEVUE, December 7, 2005 -- German chemicals industry association VCI announced Wednesday that it expects smaller rises in chemical production, sales and prices in 2006. This comes after output and sales growth in 2005 came in well ahead of what VCI had previously anticipated.
Industry execs meet with Cheney to promote research agenda (EE Times) - WASHINGTON — U.S. high-tech industry executives met earlier this week with Vice President Dick Cheney to lobby for more U.S. support for basic science research, sources said Friday (Dec. 16).
IT sector tops service industry in profit: NBS (People's Daily) - Profit of the information transmission, computer service and software sector ranked first in China's service industry in 2004, according to survey by the National Bureau of Statistics (NBS).
Police: Cigar Counterfeiting Operation Cost Industry Millions (WPLG Click10.com via Yahoo! News) - Investigators say eight people were involved in a cigar counterfeiting ring that cost the cigar industry millions.
Transbotics Secures Order for a New Laser Guided AGV System in the Transportation Industry (The Auto Channel) - CHARLOTTE, N.C.--Dec. 1, 20056, 2005--Transbotics Corporation, (OTCBB: TNSB) (www.transbotics.com), announced it has received an order for a new Laser Guided Vehicle system from a customer in the transportation industry.
IDA says Q3 profits for the securities industry rose 74% to $1.1B (Canadian Press via Yahoo! News) - TORONTO (CP) - The Canadian securities industry has reason to celebrate this season, having raked in third quarter operating profits of $1.1 billion, an industry association said Thursday.
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Battered by Industry Slump, GM and Chrysler Hold Merger Talks (Washington Post) - General Motors and Chrysler, bruised by the severe industry downturn, have held preliminary discussions about combining operations, including a full-scale merger, according to people familiar with the talks. It was unclear over the weekend whether the discussions were progressing and what, if anything, would result.
Travel industry begins its descent (Minneapolis-St. Paul Star Tribune) - The travel industry has been hit hard by the economic slowdown, particularly in the past few weeks. Airlines reported sharp declines in passenger traffic for September.
Steel industry attacks Brussels plans (Financial Times) - A steel and iron industry lobby group has accused bureaucrats of a “vindictive” campaign to chase the sector out of Europe to meet European Union climate change goals.
US car groups prepare for industry shake-up (Financial Times) - A massive realignment is looming in the global motor industry as financially troubled carmakers and their parts suppliers seek stronger partners and buyers.