Earlier this week, officials from six major oil companies refused to testify at a Senate hearing looking into whether oil industry mergers in recent years have made gasoline more expensive at the pump. The inquiry does not come at a good time for oil executives, especially after Exxon Mobil reported on Monday that it earned a record $10.7 billion in the fourth quarter of last


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Google Inc. (Nasdaq: GOOG) announced financial results for the quarter and year ended December 31, 2005. "We are very pleased with our results for the fourth quarter as we achieved excellent performance across our businesses," said Eric Schmidt, CEO of Google. The company reported revenues of $1.919 billion for the quarter ended December 31, 2005, an increase of 86% compared t


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The Federal Reserve on Tuesday raised interest rates to the highest level in nearly five years and left the door open for at least one more rate hike as Alan Greenspan closed the door on his tenure as Federal Reserve Chairman. At his final meeting, the central bank voted to boost its target for the federal funds rate to 4.5 percent. It was the 14th quarter-point move in a cre


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AdZone Research, Inc. (ADZR) today reported it has signed a contract with Web Wise Kids, Inc. purported to be worth "more than $50,000,000 annually." Under terms of the agreement, AdZone will be responsible for "securing OPPS online predator profiling system licenses starting with the more than 2,000 Web Wise Kids community partners it has already engaged." John A. Cardona, Pr


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Wallace Malone, the former CEO of SouthTrust Corp and vice chairman and director at Wachovia Corporation will retire and is expected to be eligible for retirement payments that could exceed $100 million. Malone, 69, joined Wachovia after it acquired SouthTrust for more than $14 billion in November 2004. His retirement package was determined by his employment agreement with W


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