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Oil prices fall below $59 a barrel
Jan 3 2007 10:49PM (CT)
NEW YORK (AP) - Crude oil prices opened the new year by plunging 4.5 percent on Wednesday, as persistent mild weather in the United States led traders to bet on lagging demand for heating fuels.
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Ford CEO cancels order for Lexus
Jan 3 2007 10:23PM (CT)
DEARBORN, Mich. (AP) - Alan Mulally said Wednesday that he canceled his order for a Lexus after taking over as Ford Motor Co. CEO, but he nevertheless respects Toyota Motor Corp. and its luxury brand, though he has no intention of bringing the companies any closer.
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Toyota No. 3 car seller in U.S. in 2006
Jan 3 2007 10:19PM (CT)
DETROIT (AP) - Toyota Motor Corp. continued to gobble up market share in 2006, passing DaimlerChrysler AG as the No. 3 auto seller in the U.S. for the first time during a full calendar year.
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Wal-Mart employees seek more damages
Jan 3 2007 7:46PM (CT)
PHILADELPHIA (AP) - Wal-Mart workers in Pennsylvania who won a $78.5 million judgment for working off the clock and through rest breaks returned to court Wednesday to seek another $72 million in damages and interest.
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Home Depot CEO Nardelli abruptly resigns
Jan 3 2007 6:27PM (CT)
ATLANTA (AP) - Dogged by criticism of his hefty pay and his company's poor stock performance, Bob Nardelli abruptly resigned as chairman and chief executive of The Home Depot Inc. after six years at the helm of the world's largest home improvement store chain, the company said Wednesday.
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Businesses use hand cleaners as a draw
Jan 3 2007 6:22PM (CT)
FAYETTEVILLE, Ga. (AP) - Whenever Joan Aycock brings her children to a fast-food restaurant, she lets them spend time in the play area. And when they come out, so does the hand sanitizer.
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Businesses use hand cleaners as a draw
Jan 3 2007 6:22PM (CT)
FAYETTEVILLE, Ga. (AP) - Whenever Joan Aycock brings her children to a fast-food restaurant, she lets them spend time in the play area. And when they come out, so does the hand sanitizer.
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Businesses use hand cleaners as a draw
Jan 3 2007 6:22PM (CT)
FAYETTEVILLE, Ga. (AP) - Whenever Joan Aycock brings her children to a fast-food restaurant, she lets them spend time in the play area. And when they come out, so does the hand sanitizer.
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Former Enron exec Causey in prison
Jan 3 2007 6:21PM (CT)
HOUSTON (AP) - Former Enron Corp. executive Richard Causey has reported to prison to begin serving 5 1/2 years for his role in the company's scandalous collapse, his attorney and prison officials said Wednesday.
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Kodak, Sony enter cross-licensing deal
Jan 3 2007 6:18PM (CT)
ROCHESTER, N.Y. (AP) - Eastman Kodak Co. said Wednesday it has ended a long-standing patent dispute with Sony Corp. over digital-camera inventions dating back to 1987 and entered a cross-licensing deal giving the companies access to each other's patents.
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Fed members worried about housing slump
Jan 3 2007 6:17PM (CT)
WASHINGTON (AP) - Heightened concern about the harsher-than-expected housing slump was an important factor in the Federal Reserve's decision last month to hold interest rates steady.
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Spinoff Spectra's shares debut higher
Jan 3 2007 5:05PM (CT)
HOUSTON (AP) - Spectra Energy, a spinoff of power producer Duke Energy, was making a successful debut Wednesday on the New York Stock Exchange as one of the three largest natural gas transmission companies in North America.
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U.S. manufacturing expanded in December
Jan 3 2007 4:29PM (CT)
WASHINGTON (AP) - U.S. manufacturing activity expanded in December after contracting the previous month, a trade group said Wednesday, leaving economists cautiously hopeful about the sector's prospects for next year.
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Group: ExxonMobil paid to mislead public
Jan 3 2007 2:15PM (CT)
WASHINGTON (AP) - ExxonMobil Corp. gave $16 million to 43 ideological groups between 1998 and 2005 in a coordinated effort to mislead the public by discrediting the science behind global warming, the Union of Concerned Scientists asserted Wednesday.
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Firms eye ready-to-drink coffee market
Jan 3 2007 2:11PM (CT)
SEATTLE (AP) - Even in this caffeine-soaked city, there are times Tommy Key can't make it to a Starbucks for his favorite pick-me-up. On those grim mornings, Key's preferred stand-in is Starbucks' bottled Frappuccino, a cold milk-and-coffee concoction that he grabs on his way out the door.
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Firms eye ready-to-drink coffee market
Jan 3 2007 2:11PM (CT)
SEATTLE (AP) - Even in this caffeine-soaked city, there are times Tommy Key can't make it to a Starbucks for his favorite pick-me-up. On those grim mornings, Key's preferred stand-in is Starbucks' bottled Frappuccino, a cold milk-and-coffee concoction that he grabs on his way out the door.
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Firms eye ready-to-drink coffee market
Jan 3 2007 2:11PM (CT)
SEATTLE (AP) - Even in this caffeine-soaked city, there are times Tommy Key can't make it to a Starbucks for his favorite pick-me-up. On those grim mornings, Key's preferred stand-in is Starbucks' bottled Frappuccino, a cold milk-and-coffee concoction that he grabs on his way out the door.
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Slovenia welcomes euro despite glitches
Jan 3 2007 9:57AM (CT)
LJUBLJANA, Slovenia (AP) - Andrej Belinec searched his pockets for some small tolars for a movie ticket after a cashier told him she simply doesn't have enough euros for change on his 10,000 tolar note _ about 42 euros. Such glitches were expected in Slovenia as businesses opened on Wednesday and began trading in euros _ Slovenia's new currency as of Jan. 1 _ on the first working day of the New Year.
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Number of jobless Germans up in December
Jan 3 2007 8:59AM (CT)
BERLIN (AP) - The number of jobless Germans edged over 4 million in December, government data showed Wednesday, but the figures showed a sharp drop when adjusted for seasonal factors.
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RR Donnelley & Sons to buy Van Hoffmann
Jan 3 2007 8:27AM (CT)
CHICAGO (AP) - Printing company RR Donnelley & Sons Co. is buying Von Hoffmann, an education and trade book printer, from Visant Corp. in an all-cash deal valued at $412.5 million, officials announced Wednesday.
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Dollar edges up against euro
Jan 3 2007 6:36AM (CT)
BERLIN (AP) - The dollar on Wednesday edged slightly higher against the euro, which had started 2007 up against the U.S. currency in thin trading.
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Average price for Manhattan apartment up
Jan 3 2007 5:53AM (CT)
NEW YORK (AP) - The average price of a Manhattan apartment rose to more than $1.14 million in the fourth quarter of 2006, up 5 percent compared with the same period a year earlier, according to two new real estate reports.
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Thai stocks tumble 3 percent
Jan 3 2007 5:48AM (CT)
BANGKOK, Thailand (AP) - Thai stocks tumbled 3 percent Wednesday as a string of bombings over New Year's in Bangkok further shook investor confidence in the Asian nation.
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Group went on shopping Sabbatical in '06
Jan 3 2007 5:07AM (CT)
SAN FRANCISCO (AP) - It began, as grand ideas often do, over a dinner _ risotto, artisan cheese and wine. What would it be like, 10 environmentally conscious friends wondered as they discussed the state of the planet, to go a year without buying anything new?
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Diocese cultivates wine grapes in cemetery
Jan 3 2007 3:26AM (CT)
HAYWARD, Calif. (AP) - Grapes and graves might seem an unlikely pairing, but Catholic cemetery officials in this San Francisco suburb are cultivating a graveyard vineyard in hopes of making sacramental wine.
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