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Latest Business News Archives for January 9, 2007

DOT picks United for service to China
Jan 9 2007 10:27PM (CT)
WASHINGTON (AP) - United Airlines won tentative approval on Tuesday to operate the first nonstop daily flight between Washington and Beijing, a 14-hour trip that links the countries' capitals as their economies become more intertwined.
 
Alcoa 4Q profit rises 60 percent
Jan 9 2007 9:45PM (CT)
PITTSBURGH (AP) - Aluminum producer Alcoa Inc. on Tuesday said fourth-quarter profit jumped 60 percent, driven by higher metal prices and strong market demand.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Dell: PC industry needs to go green
Jan 9 2007 8:58PM (CT)
LAS VEGAS (AP) - Michael Dell, chairman of Dell Inc., issued a challenge Tuesday to the entire PC industry to adopt free recycling programs for customers as he announced that his company would offer to plant a tree for every PC sold.
 
Northwest moves closer on Mesaba buyout
Jan 9 2007 6:57PM (CT)
MINNEAPOLIS (AP) - Northwest Airlines Corp. moved closer to buying out its bankrupt feeder carrier Mesaba Aviation on Tuesday by making an agreement with Mesaba's corporate parent, the two companies said.
 
Supervalu 3Q profit climbs 51 percent
Jan 9 2007 6:42PM (CT)
MINNEAPOLIS (AP) - Supervalu Inc., the nation's No. 3 supermarket chain, said Tuesday its third-quarter earnings jumped almost 51 percent because of its purchase of grocery chain Albertson's. But the results missed analysts' expectations, and its shares fell nearly 2 percent.
 
Mills debt could drive it to bankrupcty
Jan 9 2007 6:39PM (CT)
COLLEGE PARK, Md. (AP) - The Mills Corp. warned Tuesday that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company.
 
Homebuilders report drop in sales
Jan 9 2007 6:36PM (CT)
DALLAS (AP) - D.R. Horton Inc., one of the nation's largest homebuilders, said Tuesday its late-2006 sales orders fell 28 percent, dampening sentiment that the housing sector may be recovering from a slump.
 
Oil prices retreat on mild weather
Jan 9 2007 6:16PM (CT)
NEW YORK (AP) - The oil market pared its losses to settle above $55 Tuesday, after a volatile trading day that saw prices sink to 18-month lows on expectations for more mild weather and selling by large investment funds.
 
Bush lifts Alaska oil, gas drilling ban
Jan 9 2007 6:13PM (CT)
WASHINGTON (AP) - President Bush lifted a ban Tuesday on oil and gas drilling in Alaska's Bristol Bay, an area known for its endangered whales and the world's largest run of sockeye salmon.
 
Sirius gives shock jock $82.9M in stock
Jan 9 2007 5:43PM (CT)
NEW YORK (AP) - Sirius Satellite Radio Inc. paid Howard Stern an $82.9 million stock bonus Tuesday after the company beat a subscriber target set two years ago when it lured the star shock jock away from terrestrial radio.
 
Goodyear: Strike costly but worth it
Jan 9 2007 5:40PM (CT)
CLEVELAND (AP) - The world's third-largest tiremaker on Tuesday said the multimillion dollar cost of a three-month strike by union workers is well worth the long-term savings Goodyear Tire & Rubber Co. expects to see from the new labor deal.
 
Supreme Court: Challenging patents OK
Jan 9 2007 4:19PM (CT)
WASHINGTON (AP) - The Supreme Court made it easier Tuesday to challenge patents, bolstering arguments by some in business that they are too readily granted and can stymie new drugs and other innovations.
 
Evolving interiors aim to delight
Jan 9 2007 3:25PM (CT)
DETROIT (AP) - From pop-up navigation systems and music storing hard drives to self-heating cup warmers _ carmakers are emphasizing interior design in a bid to make their vehicles stand out in a homogenous and crowded market.
 
Evolving interiors aim to delight
Jan 9 2007 3:25PM (CT)
DETROIT (AP) - From pop-up navigation systems and music storing hard drives to self-heating cup warmers _ carmakers are emphasizing interior design in a bid to make their vehicles stand out in a homogenous and crowded market.
 
Evolving interiors aim to delight
Jan 9 2007 3:25PM (CT)
DETROIT (AP) - From pop-up navigation systems and music storing hard drives to self-heating cup warmers _ carmakers are emphasizing interior design in a bid to make their vehicles stand out in a homogenous and crowded market.
 
Evolving interiors aim to delight
Jan 9 2007 3:25PM (CT)
DETROIT (AP) - From pop-up navigation systems and music storing hard drives to self-heating cup warmers _ carmakers are emphasizing interior design in a bid to make their vehicles stand out in a homogenous and crowded market.
 
Apple unveils long-awaited phone, TV box
Jan 9 2007 2:13PM (CT)
SAN FRANCISCO (AP) - Apple Computer CEO Steve Jobs on Tuesday made the company's long-awaited jump into the mobile phone business, unveiling a gadget that's controlled by touch, plays music, surfs the Internet and runs the Macintosh computer operating system.
 
Belarus fights Russian energy price hike
Jan 9 2007 2:00PM (CT)
MOSCOW (AP) - Russia seems willing to throw its energy weight around, risking cutting off supplies of its oil and gas to Europe as it seeks market prices from neighboring countries that had long depended on cheap energy.
 
Putin seeks oil output cut from Cabinet
Jan 9 2007 1:39PM (CT)
MOSCOW (AP) - Russia dug in its heels Tuesday over a two-day-old pipeline transit dispute with Belarus that has interrupted Russian oil shipments to Germany and much of Eastern Europe, amid mounting European Union criticism of the disruption.
 
Talbots reduces 4Q outlook
Jan 9 2007 12:10PM (CT)
BOSTON (AP) - Women's apparel retailer Talbots Inc. said Tuesday it expects to break even in the fourth quarter rather than post a profit because of recent slow sales at its Talbots stores and the J. Jill brand it acquired last year for $517 million.
 
Talbots reduces 4Q outlook
Jan 9 2007 12:10PM (CT)
BOSTON (AP) - Women's apparel retailer Talbots Inc. said Tuesday it expects to break even in the fourth quarter rather than post a profit because of recent slow sales at its Talbots stores and the J. Jill brand it acquired last year for $517 million.
 
Homebuilder reports drop in sales
Jan 9 2007 11:55AM (CT)
FORT WORTH, Texas (AP) - D.R. Horton Inc., one of the nation's largest homebuilders, said Tuesday its late-2006 sales orders fell 28 percent, dampening sentiment that the housing sector may be recovering from a slump.
 
Canada objects to U.S. corn payments
Jan 9 2007 11:44AM (CT)
GENEVA (AP) - Canada has lodged a complaint against the United States over what it claims are illegal government handouts to American corn growers, and is challenging whether the billions of dollars in overall farm subsidies paid out by the U.S. government comply with international commerce rules, officials said Tuesday.
 
Chavez moves Venezuela toward socialism
Jan 9 2007 10:03AM (CT)
CARACAS, Venezuela (AP) - As Venezuela embarked on another six years under Hugo Chavez, the president announced plans to nationalize power and telecommunications companies and make other bold changes to increase state control as he promised a more radical push toward socialism.
 
Farm Show's food court helps farmers
Jan 9 2007 3:33AM (CT)
HARRISBURG, Pa. (AP) - For John and Margery Donovan, no visit to the Pennsylvania Farm Show is complete without filling their stomachs with homegrown culinary treats from the food court.
 
Caremark says no to Express Scripts deal
Jan 9 2007 2:16AM (CT)
NASHVILLE, Tenn. (AP) - Facing rejection from Caremark Rx Inc. in response to its hostile buyout offer, Express Scripts Inc. is still working to move the deal forward with an attempt to put four sympathetic members on the company's board of directors.
 
Anheuser-Busch, Czech brewer strike deal
Jan 9 2007 2:11AM (CT)
ST. LOUIS (AP) - Beer causes fights. Beer kindles friendships. In the case of Anheuser-Busch and its longtime Czech rival, beer is making both things happen at once.
 
Katrina insurance trial to begin
Jan 9 2007 2:04AM (CT)
GULFPORT, Miss. (AP) - Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury will begin hearing opening statements Tuesday in one of hundreds of insurance lawsuits filed by policyholders after Hurricane Katrina.
 
State Farm may settle Katrina cases
Jan 9 2007 2:02AM (CT)
GULFPORT, Miss. (AP) - State Farm Fire & Casualty Co. is negotiating a multimillion dollar settlement in Mississippi on thousands of lawsuits and other disputed policyholder claims from Hurricane Katrina, people with direct knowledge of the negotiations told The Associated Press on Monday.
 
Gap stock rises on news of possible sale
Jan 9 2007 1:53AM (CT)
SAN FRANCISCO (AP) - Ongoing speculation that Gap Inc. is ever closer to a takeover is being stoked by a news report that the struggling retailer has hired the investment firm Goldman Sachs to consider such offers or other dramatic changes.
 
Ford designers set to do more with less
Jan 9 2007 1:22AM (CT)
DETROIT (AP) - Ford Motor Co.'s top designers see a conflict between their mission to turn out cutting-edge cars and trucks faster than ever and the struggling company's plans to slash its white-collar work force by 14,000 people.
 
Chrysler shows off 2008 dodge vehicles
Jan 9 2007 12:12AM (CT)
DETROIT (AP) - DaimlerChrysler AG's Chrysler Group plans to show off a trio of 2008 model Dodge vehicles Tuesday, including the new Avenger midsize sedan, a revamped Magnum wagon and a souped-up version of its Viper sports car seething with 600 horsepower.
 
   

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