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Japan stocks rise; dollar up against yen
Jan 11 2007 11:58PM (CT)
TOKYO (AP) - Japanese stocks rose Friday morning, helped by another record close on Wall Street and the dollar's rise above 120 yen, which helps the nation's key export sector.
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Hyundai Motor union votes to strike
Jan 11 2007 11:53PM (CT)
SEOUL, South Korea (AP) - Hyundai Motor Co.'s labor union voted Friday to go on strike over a dispute with management over the size of an annual bonus, the head of the union said.
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Oil prices rise in Asia after U.S. drop
Jan 11 2007 11:49PM (CT)
SINGAPORE (AP) - Oil prices rose in Asian trading Friday as traders bought up contracts after a plunge in the previous session of more than $2 a barrel that sent crude to its lowest price in more than a year-and-a-half.
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Investigator in HP probe to plead guilty
Jan 11 2007 11:43PM (CT)
SAN FRANCISCO (AP) - A private investigator charged with identity theft and conspiracy for his role in Hewlett-Packard Co.'s ill-fated boardroom spying probe will plead guilty to both federal charges and testify for the prosecution, his lawyer said late Thursday.
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State Farm loses Katrina claim case
Jan 11 2007 10:46PM (CT)
GULFPORT, Miss. (AP) - A jury awarded $2.5 million in punitive damages against State Farm Fire and Casualty Co. for a Mississippi couple for denying their Hurricane Katrina claim. The decision could benefit hundreds of other homeowners challenging insurers for refusing to cover billions of dollars in storm damage.
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Bristol-Myers, AstraZeneca in drug pact
Jan 11 2007 6:22PM (CT)
NEW YORK (AP) - The announcement by Bristol-Myers Squibb Co. and AstraZeneca PLC on Thursday that they will share the risks and rewards of developing two diabetes drugs highlights how expensive and precarious the route to product approval can be.
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Automakers work on new safety systems
Jan 11 2007 6:21PM (CT)
DETROIT (AP) - Called the Kanagawa project, automakers in Japan are studying a system that alerts drivers to the presence of children in a busy urban neighborhood.
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Automakers work on new safety systems
Jan 11 2007 6:21PM (CT)
DETROIT (AP) - Called the Kanagawa project, automakers in Japan are studying a system that alerts drivers to the presence of children in a busy urban neighborhood.
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Automakers work on new safety systems
Jan 11 2007 6:21PM (CT)
DETROIT (AP) - Called the Kanagawa project, automakers in Japan are studying a system that alerts drivers to the presence of children in a busy urban neighborhood.
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VW brand chief to step down
Jan 11 2007 6:04PM (CT)
FRANKFURT, Germany (AP) - Volkswagen AG's new chief executive consolidated his power Thursday, with the automaker announcing he will take control of the VW brand and its current leader will leave the company at the end of the month.
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GM to increase capital spending budget
Jan 11 2007 6:03PM (CT)
NEW YORK (AP) - General Motors Corp., facing stiff competition from Toyota and other foreign rivals, said Thursday it plans to boost capital spending by as much as $1 billion a year as it attempts to revitalize its product line while drastically cutting costs.
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Retail money funds rise in latest week
Jan 11 2007 5:53PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $3.78 billion in the latest week to $977.25 billion, the Investment Company Institute said Thursday.
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House passes stem cell research bill
Jan 11 2007 5:33PM (CT)
WASHINGTON (AP) - The Democratic-controlled House Thursday passed a bill bolstering embryonic stem cell research that advocates say shows promise for numerous medical cures.
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Treasury bond prices fall deeper
Jan 11 2007 5:28PM (CT)
NEW YORK (AP) - The gloom in the Treasurys market deepened Thursday as a disappointing auction of inflation-linked bonds inspired a fresh sell-off in U.S. government paper.
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Six Flags selling parks for $312 million
Jan 11 2007 5:21PM (CT)
NEW YORK (AP) - Theme-park operator Six Flags Inc., which has been struggling with falling attendance and a large debt load, said Thursday it will sell seven of its 30 North American parks for $312 million.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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AirTran boosts offer for Midwest Air
Jan 11 2007 5:20PM (CT)
MILWAUKEE (AP) - AirTran Holdings Inc. appealed directly to shareholders Thursday with a sweetened offer of about $345 million in cash and stock for rival Midwest Air Group Inc. after the regional carrier rebuffed its earlier unsolicited takeover bid.
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Dollar rises against the euro and yen
Jan 11 2007 5:14PM (CT)
NEW YORK (AP) - The dollar rose against the euro and yen after the government said Thursday that jobless claims dropped last week to the lowest level in nearly six months.
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Thursday's commodities roundup
Jan 11 2007 5:05PM (CT)
NEW YORK (AP) - Gold and silver prices finished little changed Thursday, giving up early gains after a sharp afternoon plunge in oil prices.
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Rates on 30-year mortgages rise
Jan 11 2007 2:56PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages rose this week to the highest level since mid-November after a better-than-expected employment report renewed inflation worries in financial markets.
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Warm winter sends ski resorts downhill
Jan 11 2007 2:05PM (CT)
GHENT, W.Va. (AP) - Brian Rogers and other members of his church group basked in their perfect timing _ a rare snowfall combined with a nonexistent midweek crowd that turned Winterplace Ski Resort into their personal playground.
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Warm winter sends ski resorts downhill
Jan 11 2007 2:05PM (CT)
GHENT, W.Va. (AP) - Brian Rogers and other members of his church group basked in their perfect timing _ a rare snowfall combined with a nonexistent midweek crowd that turned Winterplace Ski Resort into their personal playground.
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Warm winter sends ski resorts downhill
Jan 11 2007 2:05PM (CT)
GHENT, W.Va. (AP) - Brian Rogers and other members of his church group basked in their perfect timing _ a rare snowfall combined with a nonexistent midweek crowd that turned Winterplace Ski Resort into their personal playground.
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Over-the-counter Viagra sales unlikely
Jan 11 2007 1:47PM (CT)
NEW YORK (AP) - It is highly unlikely that federal regulators would ever give Pfizer Inc. approval to sell its erectile dysfunction medication Viagra over the counter because of safety risks associated with the drug, analysts said.
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Over-the-counter Viagra sales unlikely
Jan 11 2007 1:47PM (CT)
NEW YORK (AP) - It is highly unlikely that federal regulators would ever give Pfizer Inc. approval to sell its erectile dysfunction medication Viagra over the counter because of safety risks associated with the drug, analysts said.
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U.K. raises rates, Europe holds course
Jan 11 2007 1:40PM (CT)
FRANKFURT, Germany (AP) - Worries about creeping inflation spurred the Bank of England to make a surprise increase in its main interest rate Thursday, while the European Central Bank held steady but hinted at an increase of its own to come.
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U.K. raises rates, Europe holds course
Jan 11 2007 1:40PM (CT)
FRANKFURT, Germany (AP) - Worries about creeping inflation spurred the Bank of England to make a surprise increase in its main interest rate Thursday, while the European Central Bank held steady but hinted at an increase of its own to come.
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Russian billionaire detained in France
Jan 11 2007 10:53AM (CT)
GRENOBLE, France (AP) - A Russian billionaire was detained in France for questioning as part of a crackdown on a suspected prostitution ring at an upscale ski resort, a prosecutor said Thursday.
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Russian billionaire detained in France
Jan 11 2007 10:53AM (CT)
GRENOBLE, France (AP) - A Russian billionaire was detained in France for questioning as part of a crackdown on a suspected prostitution ring at an upscale ski resort, a prosecutor said Thursday.
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Cisco sues Apple over iPhone
Jan 11 2007 10:18AM (CT)
SAN FRANCISCO (AP) - Apple Inc.'s much-ballyhooed iPhone was unveiled this week after 30 months and millions of dollars in top-secret development. But the sleek new iPod-cell phone combination could wind up costing the company a lot more.
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Cisco sues Apple over iPhone
Jan 11 2007 10:18AM (CT)
SAN FRANCISCO (AP) - Apple Inc.'s much-ballyhooed iPhone was unveiled this week after 30 months and millions of dollars in top-secret development. But the sleek new iPod-cell phone combination could wind up costing the company a lot more.
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China becomes No. 2 vehicle market
Jan 11 2007 6:29AM (CT)
BEIJING (AP) - China surged past Japan to become the world's No. 2 vehicle market after the United States last year as car purchases by newly affluent drivers jumped 37 percent, the Chinese auto industry association said Thursday.
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Infosys' quarterly profit up 52.4 pct.
Jan 11 2007 5:11AM (CT)
NEW DELHI (AP) - India's Infosys Technologies Ltd. said Thursday its net profit jumped 52.4 percent in the most recent quarter from a year ago on strong outsourcing orders.
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Ag secretary: Farm policy must shift
Jan 11 2007 4:26AM (CT)
NEW ORLEANS (AP) - The nation's farm policy must shift away from only protecting producers' pocketbooks to withstand international scrutiny now that most U.S. cotton is exported, Agriculture Secretary Mike Johanns said.
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Minimum wage measure moves to Senate
Jan 11 2007 4:20AM (CT)
WASHINGTON (AP) - House-passed legislation boosting the federal minimum wage moves to the Senate, where Democrats intend to add billions of dollars in tax breaks to make it easier for business to swallow.
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Delta price may be burden for US Airways
Jan 11 2007 1:56AM (CT)
PHOENIX (AP) - Delta Air Lines certainly would be a huge prize for US Airways, but its proposed $10.3 billion price tag could become a heavy burden on the company's finances.
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Kansas City is hub of animal health care
Jan 11 2007 1:49AM (CT)
KANSAS CITY, Mo. (AP) - The vast cattle pens that once helped move much of the nation's meat supply are gone, replaced by aging warehouses and the frequent belief that this former frontier town left its agricultural roots far behind.
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Genentech Inc. 4Q earnings soar 75 pct.
Jan 11 2007 1:36AM (CT)
SAN FRANCISCO (AP) - Genentech Inc. is vowing to keep growing at a double-digit rate for the foreseeable future by continuing to spend billions of dollars annually on research and development of new drugs.
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Wal-Mart touts health care enrollment
Jan 11 2007 1:06AM (CT)
BENTONVILLE, Ark. (AP) - The booster shot that Wal-Mart gave to its company-arranged health insurance has increased enrollment only slightly, with fewer than half of the retailer's eligible employees signing up for plans tweaked twice in the past 16 months.
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Ads tested in LA airport security trays
Jan 11 2007 12:44AM (CT)
LOS ANGELES (AP) - Travelers nationwide could soon see ads for laptops, expensive cars and other products in the trays that carry their shoes and cell phones through X-ray machines at airport security checkpoints.
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