Also
- Share via
* WebMD Corp., a medical-software maker and operator of a consumer Web site, said its fourth-quarter loss narrowed to $199.5 million, or 62 cents a share, from $1.35 billion, or $3.75, a year earlier. Sales fell 11% to $176.4 million.
* Shareholders of Conoco Inc. and Phillips Petroleum Co. overwhelmingly approved the companies’ proposed $15.6-billion merger, removing another hurdle before the companies can create the nation’s third-largest oil corporation.
* Starwood Hotels & Resorts Worldwide Inc. is planning a make-over of its 381-hotel Sheraton chain to boost the unit’s lagging performance and distinguish it from the company’s Westin hotels.
* United Technologies Corp.’s Carrier unit will eliminate 2,000 jobs and close an International Comfort Products air-conditioning plant in Lewisburg, Tenn., by year’s end.
* Manufacturing groups from the United States, Mexico and Canada have formed an alliance to promote economic growth and trade in the region, the National Assn. of Manufacturers said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
