Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
US Airways increases bid for Delta
Jan 10 2007 9:36PM (CT)
ATLANTA (AP) - US Airways increased the pressure on Delta Air Lines' unsecured creditors to take its buyout offer by raising the bid Wednesday nearly 20 percent to $10.3 billion. Whether the deal would survive regulatory scrutiny may be the deciding factor.
|
|
|
Paramount Pictures president steps down
Jan 10 2007 7:38PM (CT)
LOS ANGELES (AP) - Paramount Pictures Corp. President Gail Berman has stepped down, effective immediately, the film studio said Wednesday. Berman's departure comes 18 months since she joined Paramount with a mandate to turn the ailing studio around.
|
|
|
Genentech earnings soar 75 percent
Jan 10 2007 7:16PM (CT)
SAN FRANCISCO (AP) - Genentech Inc. said Wednesday that strong demand for its cancer-fighting drugs fueled a 75 percent profit increase in the fourth quarter as company executives shook off doubts that the biotechnology bellwether could maintain its phenomenal growth rate.
|
|
|
Investors try to block Nardelli payouts
Jan 10 2007 6:54PM (CT)
ATLANTA (AP) - A group of shareholders of The Home Depot Inc. on Wednesday tried to block, at least for now, the world's largest home improvement store chain from paying former Chief Executive Bob Nardelli any more of his $210 million severance package.
|
|
|
Oil prices settle at 19-month low
Jan 10 2007 6:42PM (CT)
NEW YORK (AP) - Oil prices tumbled to settle at a 19-month low Wednesday after the government reported rising inventories of gasoline, heating oil and diesel fuel.
|
|
|
Kodak sells health unit for up to $2.55B
Jan 10 2007 6:41PM (CT)
ROCHESTER, N.Y. (AP) - Eastman Kodak Co. is selling its health-imaging business, created after the discovery of X-rays in 1895, to Canadian investment firm Onex Corp. for up to $2.55 billion as the picture-taking pioneer bets its future on digital photography and commercial printing.
|
|
|
Disgraced Ex-Tyco executive hospitalized
Jan 10 2007 6:33PM (CT)
NEW YORK (AP) - L. Dennis Kozlowski, the imprisoned former head of Tyco International, has been hospitalized with what appears to be a heart problem.
|
|
|
House passes minimum wage increase
Jan 10 2007 6:28PM (CT)
WASHINGTON (AP) - The Democratic-controlled House voted Wednesday to increase the federal minimum wage to $7.25 an hour, bringing America's lowest-paid workers a crucial step closer to their first raise in a decade.
|
|
|
Evolving interiors aim to delight
Jan 10 2007 3:34PM (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 10 2007 3:34PM (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 10 2007 3:34PM (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 10 2007 3:34PM (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.
|
|
|
Sears expects higher 4Q profit
Jan 10 2007 2:20PM (CT)
CHICAGO (AP) - Sears Holdings Corp. said Wednesday that same-store sales dropped in November and December, but the nation's third-largest retailer's stock jumped 2.5 percent on news it expected fourth-quarter and full-year profit to rise sharply from a year earlier.
|
|
|
EU: Russia, Belarus close to oil deal
Jan 10 2007 1:34PM (CT)
BRUSSELS, Belgium (AP) - Russia and Belarus were "very close" to solving an oil dispute and Europe's supply should be restored shortly, EU energy chief Andris Piebalgs said Wednesday after meeting with a senior Russian official.
|
|
|
Malden Mills files for bankruptcy
Jan 10 2007 12:28PM (CT)
BOSTON (AP) - Malden Mills Industries Inc., a century-old textile maker that emerged from bankruptcy in 2003 after a disastrous factory fire, said Wednesday it has filed for Chapter 11 reorganization again and agreed to sell its assets to a firm that helps troubled companies.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
EU seeks to lower energy consumption
Jan 10 2007 12:06PM (CT)
BRUSSELS, Belgium (AP) - The European Union on Wednesday announced plans to lower energy consumption, develop renewable sources such as wind power and biofuels and increase research into cutting carbon emissions from fuels already in use, particularly coal. The ambitious proposals seek to deter growing dependence on oil and gas imports and curb the emissions blamed for climate change.
|
|
|
Nintendo boosts profit forecast
Jan 10 2007 11:21AM (CT)
TOKYO (AP) - Japan's Nintendo Co. raised its group profit outlook by 20 percent Wednesday for this fiscal year because of upbeat sales worldwide of its portable game player Nintendo DS.
|
|
|
China's trade surplus climbs in 2006
Jan 10 2007 11:20AM (CT)
BEIJING (AP) - China's 2006 global trade surplus jumped nearly 75 percent from the previous year to a record $177.5 billion, a state news agency said Wednesday in a report that could fuel U.S. complaints about market barriers and currency policy.
|
|
|
China's trade surplus climbs in 2006
Jan 10 2007 11:20AM (CT)
BEIJING (AP) - China's 2006 global trade surplus jumped nearly 75 percent from the previous year to a record $177.5 billion, a state news agency said Wednesday in a report that could fuel U.S. complaints about market barriers and currency policy.
|
|
|
Belarus: Deal in oil dispute with Russia
Jan 10 2007 10:00AM (CT)
MINSK, Belarus (AP) - Belarus announced Wednesday that it had reached a compromise with Russia in a dispute that has halted oil flows along a key pipeline to Europe after telephone talks between the two countries' presidents.
|
|
|
Belarus: Deal in oil dispute with Russia
Jan 10 2007 10:00AM (CT)
MINSK, Belarus (AP) - Belarus announced Wednesday that it had reached a compromise with Russia in a dispute that has halted oil flows along a key pipeline to Europe after telephone talks between the two countries' presidents.
|
|
|
NYSE to buy stake in Indian exchange
Jan 10 2007 6:52AM (CT)
NEW DELHI (AP) - The New York Stock Exchange and three other overseas investors have signed an agreement to collectively buy a 20 percent stake in India's National Stock Exchange, the exchanges said Wednesday.
|
|
|
Thailand seeks to reassure investors
Jan 10 2007 5:59AM (CT)
BANGKOK, Thailand (AP) - Thailand's finance minister tried to reassure international investors about proposed limits on foreign ownership of Thai companies Wednesday by saying that many sectors of the economy, including telecommunications companies currently operating in the country, would be exempt from the regulations.
|
|
|
Corn farmers seek alternate fuel source
Jan 10 2007 4:56AM (CT)
BROOKINGS, S.D. (AP) - Explosive growth in the ethanol industry is prompting many corn farmers to look for an alternative source for the alternative fuel.
|
|
|
Riot police deployed at Hyundai Motor HQ
Jan 10 2007 3:57AM (CT)
SEOUL, South Korea (AP) - Riot police deployed at Hyundai Motor Co.'s headquarters building in Seoul on Wednesday as workers protested peacefully amid a dispute with management over bonuses.
|
|
|
Sprint Nextel struggling since merger
Jan 10 2007 12:47AM (CT)
KANSAS CITY, Mo. (AP) - Technology problems, strong competitors and cost-conscious customers continue to bedevil Sprint Nextel Corp. as the company struggles to make good on a merger that looked so appealing when it was announced three years ago.
|
|
|
Alcoa 4Q profit soars nearly 60 percent
Jan 10 2007 12:44AM (CT)
PITTSBURGH (AP) - Higher metal prices and robust demand boosted Alcoa Inc.'s fourth-quarter profit nearly 60 percent as the world's largest aluminum maker kicked off the earnings season as the first member of the Dow Jones Industrials to report results.
|
|
|
|
|
|